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    Property profile & analytics

    13401 Legendary Dr Austin, TX 78727-3933

    • Apartment buildings
    • 277,022 SF
    • 14.10 lot acres
    OFF-MARKET
    Value Estimations
    $4,480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6303256
    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

    • The Monterra / Real Estate Agency
    • Blink Charging Station / Electric Vehicle Charging Station
    • Prague Collegium / Theater & Performing Art Venue / Music Venue
    • Desiree Tien / Consultant

    Property Details for 13401 Legendary Dr

    Year built
    2017
    Lot size
    14.10 lot acres
    Property size
    277,022 SF
    Property type
    Apartment buildings
    APN
    270030403
    APU
    270030403

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,115,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.736
    Latitude
    30.4391
    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
    $1,427,422
    $2,456,784
    $80,733,216
    $83,190,000
    -
    $2,456,784
    $80,733,216
    $83,190,000

    Comparable in this City

    • Value Estimation
      $3,310,000
      226,616 SF

      13301 Legendary Dr

      APARTMENT HOUSE (100+ UNITS) • 226,616 SF
      13301 Legendary Dr, Austin, TX 78727
      View Details
    • Value Estimation
      $2,220,000
      248,200 SF

      2900 Century Park Blvd

      APARTMENT HOUSE (100+ UNITS) • 248,200 SF
      2900 Century Park Blvd, Austin, TX 78727-1251
      View Details
    • Value Estimation
      $4,580,000
      383,426 SF

      13021 Legendary Dr

      APARTMENT HOUSE (100+ UNITS) • 383,426 SF
      13021 Legendary Dr, Austin, TX 78727-3934
      View Details
    • Value Estimation
      $3,505,000
      227,800 SF

      13149 Legendary Dr

      APARTMENT HOUSE (100+ UNITS) • 227,800 SF
      13149 Legendary Dr, Austin, TX 78727
      View Details
    • Value Estimation
      $700,000
      68,195 SF

      3300 Oak Crk Dr

      APARTMENT HOUSE (100+ UNITS) • 68,195 SF
      3300 Oak Crk Dr, Austin, TX 78727-1107
      View Details
    • Value Estimation
      $4,565,000
      280,279 SF

      3001 Scofield Rdg Pkwy

      APARTMENT HOUSE (100+ UNITS) • 280,279 SF
      3001 Scofield Rdg Pkwy, Austin, TX 78727-6398
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      5 Acres of Land

      5 acres of land available for sale.
      13341 State Highway 290 W, Austin, TX 78727
      View Details
    • Contact for pricing
      56,038 SF

      Office Space Available for Lease

      Office space available for lease up to 12,700 SF.
      3600 W Parmer Ln, Austin, TX 78727
      View Details
    • $265,000

      North Austin Industrial Lot Opportunity

      Industrial zoned lot in North Austin with excellent proximity.
      2307 Daisy Dr, Austin, TX 78727
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Office Building For Lease

      New office building in desirable Austin location, customizable for tenants.
      12601 Metric Blvd, Austin, TX 78727
      View Details
    • Contact for pricing
      15,295 SF

      Class A Office Campus

      Office campus in the heart of Austin's technology district.
      12357 Riata Trace Pkwy, Austin, TX 78727
      View Details
    • Contact for pricing
      24,990 SF

      Modern Office Space in Austin

      New office space in a large, wooded corporate park.
      12331 Riata Trace Pkwy, Austin, TX 78727
      View Details
    • Contact for pricing
      1,500 SF

      Mixed-Use Development with Extensive Amenities

      Large mixed-use development featuring office, retail, hospitality, and residential spaces.
      3500 E Parmer Ln, Austin, TX 78727
      View Details
    • $1.00 SF/Yr

      Wells Branch Industrial Flex Space

      Industrial flex space with HVAC warehouse, easy access to highways.
      1806 West Howard Ln, Austin, TX 78727
      View Details
    • Contact for pricing
      1,575 SF

      Retail Space Available For Rent

      Retail space available for rent in Austin, Texas.
      3951 W Parmer Ln, Austin, TX 78727
      View Details
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    Austin, TX 78727-3933
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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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