Add Listing
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

    1303 Congress Ave Austin, TX 78704-2432

    • Turn key restaurants
    • 2,036 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Jul 07, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4498101
    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

    • Lucky Robot / Restaurant

    Property Details for 1303 Congress Ave

    Year built
    1948
    Construction
    CONCRETE
    Lot size
    0.05 lot acres
    Property size
    2,036 SF
    Property type
    Turn key restaurants
    APN
    300010401
    APU
    300010401

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.749
    Latitude
    30.2508
    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
    $15,204
    $435,330
    $298,829
    $734,159
    -
    $435,330
    $298,829
    $734,159

    Comparable in this City

    • Value Estimation by Request
      5,316 SF

      1530 Barton Spgs Rd

      RESTAURANT • 5,316 SF
      1530 Barton Spgs Rd, Austin, TX 78704-1013
      View Details
    • Value Estimation
      $590,000
      7,275 SF

      1500 Barton Spgs Rd

      RESTAURANT • 7,275 SF
      1500 Barton Spgs Rd, Austin, TX 78704-1013
      View Details
    • Value Estimation by Request
      2,340 SF

      2320 Lamar Blvd

      RESTAURANT • 2,340 SF
      2320 Lamar Blvd, Austin, TX 78704-4727
      View Details
    • Value Estimation by Request
      4,288 SF

      1302 1st St

      RESTAURANT • 4,288 SF
      1302 1st St, Austin, TX 78704-3039
      View Details
    • Value Estimation by Request
      1,800 SF

      1212 Lamar Blvd

      RESTAURANT • 1,800 SF
      1212 Lamar Blvd, Austin, TX 78704-2384
      View Details
    • Value Estimation by Request
      3,339 SF

      705 Ben White Blvd

      RESTAURANT • 3,339 SF
      705 Ben White Blvd, Austin, TX 78704-7403
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Austin Restaurant Chain Opportunity

      Established Tex-Mex restaurant chain with multiple Austin locations for sale.
      409 W 30Th St, Austin, TX 78704
      View Details
    • Contact for pricing
      2,223 SF

      Freestanding Building with Drive-Thru

      2,223 SF freestanding building with drive-thru on 0.3775 AC lot.
      1801 W Ben White Blvd, Austin, TX 78704
      View Details
    • Contact for pricing
      2,640 SF

      S Lamar Blvd Land Restaurant

      11,400 SF land with 2,640 SF restaurant for sale.
      1816 S Lamar Blvd, Austin, TX 78704
      View Details
    • $849,000

      Bouldin Creek Live/Work Storefront

      Live/work storefront in vibrant Bouldin Creek neighborhood.
      2209 S 1St St, Austin, TX 78704
      View Details
    • Contact for pricing
      1,829 SF

      2403 W Ben White Blvd, Austin, TX 78704

      Medical Office Space • 1,829 SF
      2403 W Ben White Blvd, Austin, TX 78704
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr

      South Austin Restaurant Space Available

      Prime restaurant space in 78704 with heavy foot traffic.
      3715 South 1St St, Austin, TX 78704
      View Details
    • Contact for pricing
      1,900 SF

      Retail Space in Austin Center

      Retail, service, and restaurant spaces available near downtown Austin.
      4006 S Lamar Blvd, Austin, TX 78704
      View Details
    • Contact for pricing
      4,680 SF

      Retail Space in Austin, TX

      Retail, service, and restaurant spaces available in Austin, TX.
      4107 S Capital Of Texas Hwy, Austin, TX 78704
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease on South Congress Avenue.
      2105 S Congress Ave, Austin, TX 78704
      View Details
    • Contact for pricing
      2,284 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces available with dedicated parking.
      110 Live Oak St E, Austin, TX 78704
      View Details
    • Contact for pricing
      1,070 SF

      Retail Space in Austin Center

      Retail, service, and restaurant spaces available in Austin, TX.
      4032 S Lamar Blvd, Austin, TX 78704
      View Details

    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      3.0k
    • Avg Time on site
      27 min
    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.
    1303 Congress Ave
    Austin, TX 78704-2432
    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.
    Sign Up Successful!
    You now have access to more from Realmo!