Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1415 51st St, Unit 1 Austin, TX 78756-2659
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1415 51st St, Unit 1 Austin, TX 78756-2659

    View on Map
    • Office properties & Spaces
    • 884 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US82-5449918
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Therapy Austin Counseling Services - Central Austin, TX / Marriage Or Relationship Counselor / Psychotherapist
    • Counseling Austin / Counselor / Psychotherapist
    • Momentum Realty Media / Marketing & Advertising / Advertising Agency
    • Feel Good Austin / Counselor / Psychotherapist
    • Danielle Hayes, LCSW @ Hayes Therapy, LLC / Psychotherapist / Counselor

    Property Details for 1415 51st St

    Year built
    2011
    Lot size
    0.06 lot acres
    Property size
    884 SF
    Property type
    Office properties & Spaces
    APN
    226041402
    APU
    226041402

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7387
    Latitude
    30.3219
    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
    $5,970
    $106,278
    $304,752
    $411,030
    -
    $106,278
    $304,752
    $411,030

    Comparable in this City

    • Value Estimation by Request
      3,540 SF

      900 Loop Blvd

      Office properties & Spaces • 3,540 SF
      900 Loop Blvd, Austin, TX 78756
      View Details
    • Value Estimation by Request
      900 SF

      1005 41st St, Unit 3

      CONDOMINIUM OFFICES • 900 SF
      1005 41st St, Austin, TX 78756-3728
      View Details
    • Value Estimation by Request
      969 SF

      1506 Koenig Ln

      Specialty properties • 969 SF
      1506 Koenig Ln, Austin, TX 78756
      View Details
    • Value Estimation by Request
      2,664 SF

      4310 Medical Pkwy Ste, Unit 203

      CONDOMINIUM OFFICES • 2,664 SF
      4310 Medical Pkwy Ste, Austin, TX 78756-3331
      View Details
    • Value Estimation by Request
      2,000 SF

      1005 41st St, Unit 1

      CONDOMINIUM OFFICES • 2,000 SF
      1005 41st St, Austin, TX 78756-3728
      View Details
    • Value Estimation by Request
      92,218 SF

      5209 Burnet Rd

      Office properties & Spaces • 92,218 SF
      5209 Burnet Rd, Austin, TX 78756
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,030 SF

      Central Austin Office Space

      Office space in central Austin with frontage on Burnet Rd.
      4524 Burnet Rd, Austin, TX 78756
      View Details
    • Contact for pricing
      3,737 SF

      Versatile Austin Property For Sale

      6,000+ sqft Austin property ideal for office, storage, warehouse.
      5611 Adams Ave, Austin, TX 78756
      View Details
    • Contact for pricing
      3,000 SF

      New Office Building Near Burnet

      3,000 SF office building in amenity-rich Austin location.
      2010 W Koenig Ln, Austin, TX 78756
      View Details
    • Contact for pricing
      7,769 SF

      Central Austin Professional Office Building

      Two-story office building in Austin's Central Medical District.
      4105 Medical Pkwy, Austin, TX 78756
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Near Triangle State

      Office space with easy access to Mopac Expressway.
      4107 Medical Pkwy, Austin, TX 78756
      View Details
    • Contact for pricing
      5,342 SF

      Burnet Road Office Space

      Office space available for lease on Burnet Road.
      4910 Burnet Rd, Austin, TX 78756
      View Details
    • $29 SF/Yr
      807 SF

      Austin Medical Office Space for Lease

      Prime location, 807 sq ft, NNN lease.
      4107 Medical Pkwy, Austin, TX 78756
      View Details
    • Contact for pricing
      27,000 SF

      Corner Office Space with View

      2,089 SF office space with downtown Austin skyline view.
      4200 N Lamar Blvd, Austin, TX 78756
      View Details
    • Contact for pricing

      Remodeled Central Austin Office Space

      Central Austin office space for rent with parking and wifi.
      1504 W Koenig Ln, 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.
    1415 51st St, Unit 1
    Austin, TX 78756-2659
    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!