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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1044 Springdale Rd Austin, TX 78721

    • Apartment buildings
    • 51,569 SF
    • 3.31 lot acres
    OFF-MARKET
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3659739
    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

    • Apartment buildings

    Property Details for 1044 Springdale Rd

    Year built
    2003
    Lot size
    3.31 lot acres
    Property size
    51,569 SF
    Property type
    Apartment buildings
    APN
    207170344
    APU
    207170344

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $925,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,325,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6934
    Latitude
    30.2709
    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
    $67,740
    $3,747,640
    $518,171
    $4,265,811
    -
    $3,747,640
    $518,171
    $4,265,811

    Comparable in this City

    • Value Estimation
      $300,000
      2,398 SF

      1161 Eastfield Ave

      APARTMENT HOUSE (5+ UNITS) • 2,398 SF
      1161 Eastfield Ave, Austin, TX 78721-2061
      View Details
    • Value Estimation
      $555,000
      196,000 SF

      1950 Webberville Rd

      APARTMENT HOUSE (100+ UNITS) • 196,000 SF
      1950 Webberville Rd, Austin, TX 78721-1601
      View Details
    • Value Estimation
      $820,000
      256,256 SF

      1120 Shady Ln

      APARTMENT HOUSE (100+ UNITS) • 256,256 SF
      1120 Shady Ln, Austin, TX 78721-3053
      View Details
    • Value Estimation
      $480,000
      15,582 SF

      3522 Martin Luther King Jr Blvd

      APARTMENT HOUSE (5+ UNITS) • 15,582 SF
      3522 Martin Luther King Jr Blvd, Austin, TX 78721-1100
      View Details
    • Value Estimation
      $470,000
      7,976 SF

      5909 Bolm Rd

      APARTMENT HOUSE (5+ UNITS) • 7,976 SF
      5909 Bolm Rd, Austin, TX 78721-3653
      View Details
    • Value Estimation
      $295,000
      71,295 SF

      5225 Jain Ln

      APARTMENT HOUSE (100+ UNITS) • 71,295 SF
      5225 Jain Ln, Austin, TX 78721-3130
      View Details

    Similar Nearby for Sale

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      Modern East Austin Living

      New 2-bedroom residence near Springdale Neighborhood Park.
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      East Austin Duplex For Sale

      Duplex in East Austin with convenient access to downtown.
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    • $1,600,000
      0.59 Acres

      East Austin Development Site

      Shovel-ready, 12-unit condo potential
      932 Gardner Rd, Austin, TX 78721
      View Details
    • $3,500,000
      2,012 SF

      Redeveloped C-Store on Hard Corner

      Redeveloped C-Store with new fuel tanks and pumps.
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      Austin Land for Development

      1.614 acre property zoned IP-NP with development opportunities.
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    Similar Nearby for Lease

    • $2,875 /Mo
      2,100 SF

      New East Austin Townhome Rental

      New construction townhome with spacious layout and convenient East Austin location.
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    • Contact for pricing
      49,600 SF

      Austin Industrial Space for Lease

      49,600 SF Manufacturing/Flex Space
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      View Details
    • Contact for pricing
      53,482 SF

      East Austin Industrial Flex Space

      High-demand flex space, ample parking.
      4100 Ed Bluestein Blvd, Austin, TX 78721
      View Details
    • Contact for pricing
      53,293 SF

      Austin Warehouse Space Available

      Modern Austin warehouse, flexible space options.
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      View Details
    • $2,875 /Mo
      2,000 SF

      New Townhome Near Mueller

      Brand new townhome with spacious bedrooms and abundant natural light.
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      View Details
    • Contact for pricing

      Land Parcels and Retail Space

      Land parcels for ground lease and retail space available.
      5201 Ed Bluestein Blvd, Austin, TX 78721
      View Details
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    1044 Springdale Rd
    Austin, TX 78721
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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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