Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1203 W 49Th St, Unit I Austin, TX 78756

    • Apartment buildings
    • 8,624 SF
    • 0.40 lot acres
    For Lease
    View listing
    $850 /Mo
    Value Estimations
    $425,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4003952
    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 1203 W 49Th St

    Year built
    1980
    Construction
    WOOD FRAME
    Lot size
    0.40 lot acres
    Property size
    8,624 SF
    Property type
    Apartment buildings
    APN
    224030226
    APU
    224030226

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $320,000
      Current use
      WAREHOUSE, STORAGE
      $660,000
      Change: +105% Conversion: Difficult
      MEDICAL BUILDING
      $610,000
      Change: +89% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7374
    Latitude
    30.3188
    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
    $28,954
    $1,053,000
    $367,000
    $1,420,000
    -
    $1,053,000
    $367,000
    $1,420,000

    Comparable in this City

    • Value Estimation
      $540,000
      37,168 SF

      1507 Houston St

      APARTMENT HOUSE (5+ UNITS) • 37,168 SF
      1507 Houston St, Austin, TX 78756-1300
      View Details
    • Value Estimation
      $555,000
      42,175 SF

      4811 Burnet Rd

      APARTMENT HOUSE (100+ UNITS) • 42,175 SF
      4811 Burnet Rd, Austin, TX 78756-2828
      View Details
    • Value Estimation
      $210,000
      4,036 SF

      3902 Seiders Ave

      APARTMENT HOUSE (5+ UNITS) • 4,036 SF
      3902 Seiders Ave, Austin, TX 78756-3933
      View Details
    • Value Estimation
      $260,000
      0.27 Acres

      3910 Shl Crk Blvd

      APARTMENT HOUSE (5+ UNITS) • 0.27 Acres
      3910 Shl Crk Blvd, Austin, TX 78756-3803
      View Details
    • Value Estimation
      $285,000
      6,028 SF

      5516 Roosevelt Ave

      APARTMENT HOUSE (5+ UNITS) • 6,028 SF
      5516 Roosevelt Ave, Austin, TX 78756-1757
      View Details
    • Value Estimation
      $520,000
      135,794 SF

      2211 Lawnmont Ave

      APARTMENT HOUSE (100+ UNITS) • 135,794 SF
      2211 Lawnmont Ave, Austin, TX 78756-1945
      View Details

    Similar Nearby for Sale

    • $325,000
      1,020 SF

      Updated Condo in Central Austin

      Updated 2-bedroom condo near UT campus and downtown Austin.
      2300 Hancock Dr, Austin, TX 78756
      View Details
    • $619,000

      Rosedale Duplex Near Ramsey Park

      Classic duplex in desirable Rosedale neighborhood, close to amenities.
      4108 Lewis Ln #A, Austin, TX 78756
      View Details
    • $1,595,000
      2,767 SF

      Sophisticated Austin Home with Pool

      Central Austin home with designer finishes, pool, and spa.
      5515 Jim Hogg Ave, Austin, TX 78756
      View Details
    • Contact for pricing
      7,769 SF

      Central Austin Office Building

      Prime Medical Office, 7,769 SF, 90% Occupancy
      4105 Medical Pkwy, Austin, TX 78756
      View Details
    • Contact for pricing
      2,706 SF

      Burnet Road Specialty Property

      Specialty property available for sale on Burnet Road.
      5003 Burnet Rd, Austin, TX 78756
      View Details
    • $1,200,000
      2,421 SF

      Burnet Road Commercial Property

      Commercial property for sale on Burnet Road, Austin, TX.
      4612 Burnet Rd, Austin, TX 78756
      View Details

    Similar Nearby for Lease

    • $850 /Mo
      700 SF

      Central Austin Apartment For Rent

      One bedroom apartment in central Austin near Burnet Road.
      1203 W 49Th St, Austin, TX 78756
      View Details
    • $1,395 /Mo
      839 SF

      Condo for Lease Near Burnet

      Two-bedroom condo with stainless steel appliances and walkable location.
      2122 Hancock Dr, Austin, TX 78756
      View Details
    • $2,800 /Mo
      1,182 SF

      Charming Condo Near Burnet Road

      Two-bedroom, two-bath condo with stylish finishes in a prime location.
      1507 North St, Austin, TX 78756
      View Details
    • $1,850 /Mo
      701 SF

      Charming One-Bedroom Condo for Rent

      First-floor condo with spacious layout and large closet.
      1509 W 39Th 1/2 St, Austin, TX 78756
      View Details
    • Contact for pricing
      1,996 SF

      Central Austin Retail Space Available

      Retail space in central Austin with patio.
      4630 Burnet Rd, Austin, TX 78756
      View Details
    • $11 SF/Yr
      1,080 SF

      Burnet Road Retail Space Available

      Retail space in Central Austin, ideal for office or service.
      4811 Burnet Rd, Austin, TX 78756
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1203 W 49Th St, Unit I
    Austin, TX 78756
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.