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    Property profile & analytics

    10418 Fm 620th Rd Austin, TX 78726-1701

    • Parking lots & garages
    • 4,870 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Sep 10, 2024
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1990543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dearing Automotive / Auto Repair Shop / Auto Electrical Service

    Property Details for 10418 Fm 620th Rd

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    0.18 lot acres
    Property size
    4,870 SF
    Property type
    Parking lots & garages
    APN
    170250308
    APU
    170250308

    Description

    This exceptional investment opportunity presents a portfolio of three single-story buildings totaling 5,000-7,000 square feet on a 0.45-acre lot in Austin, Texas. Located at the prominent corner of 10418 N FM 620 Rd and 11809 Buckner Rd (zip code 78726, Travis County), this multi-tenant property boasts a strong 3.35% cap rate and a substantial net operating income (NOI) of $100,600. Currently 100% occupied by established national tenants including AutoZone, Sherwin-Williams, and O'Reilly Auto Parts under a gross lease, this property offers immediate cash flow and long-term stability. The buildings feature 10-foot ceilings and are zoned SF-2. The property is offered at $2,999,999 with 100% ownership. This prime location benefits from low taxes and high visibility, making it an ideal investment for a discerning buyer seeking a stable, high-return asset in a thriving Austin market. Detailed financial information is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $238,000
      Market price range: $239k - $677k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8336
    Latitude
    30.4433
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,170
    $77,537
    $348,067
    $425,604
    -
    $77,537
    $348,067
    $425,604

    Comparable in this City

    • Value Estimation
      $395,000
      4,500 SF

      10815 Fm 620th Rd

      PARKING GARAGE, PARKING STRUCTURE • 4,500 SF
      10815 Fm 620th Rd, Austin, TX 78726-1710
      View Details
    • Value Estimation
      $510,000
      6,448 SF

      7515 Fm 620th Rd, Unit 2

      PARKING GARAGE, PARKING STRUCTURE • 6,448 SF
      7515 Fm 620th Rd, Austin, TX 78726-4604
      View Details
    • Value Estimation
      $305,000
      3,000 SF

      10416 Fm 620th Rd

      PARKING GARAGE, PARKING STRUCTURE • 3,000 SF
      10416 Fm 620th Rd, Austin, TX 78726-1701
      View Details
    • Value Estimation
      $375,000
      2,541 SF

      11426 Fm 620th Rd

      AUTO REPAIR, GARAGE • 2,541 SF
      11426 Fm 620th Rd, Austin, TX 78726-1138
      View Details
    • Value Estimation
      $100,000
      2,216 SF

      7710 Fm 620th Rd, Unit 3

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,216 SF
      7710 Fm 620th Rd, Austin, TX 78726-4405
      View Details
    • Value Estimation
      $215,000
      2,502 SF

      7710 Fm 620th Rd, Unit 8

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,502 SF
      7710 Fm 620th Rd, Austin, TX 78726-4403
      View Details

    Similar Nearby for Sale

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      Land Available on FM 620

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    Similar Nearby for Lease

    • Contact for pricing
      3,490 SF

      Retail Space in Grandview Center

      Retail space available in a high-traffic Austin shopping center.
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    • $24 SF/Yr
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      Retail Space Near HEB

      Retail space with high visibility near RR 620.
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      1,200 SF

      Retail Spaces For Lease

      Retail spaces available for lease in Austin, Texas.
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      2,003 SF

      Retail Space in Growing Austin

      Grocery-anchored shopping center in a rapidly growing residential market.
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      85,452 SF

      Volente Village Retail Opportunity

      Austin Retail Space - 85,452 SF Available
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      View Details
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      2,844 SF

      Freestanding Restaurant with Drive-Thru

      2,844 SF freestanding restaurant with patio and drive-thru.
      7409 N Fm 620, Austin, TX 78726
      View Details
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    Austin, TX 78726-1701
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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