Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    15500 Scarlet St Austin, TX 78728-3926
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15500 Scarlet St Austin, TX 78728-3926

    View on Map
    • Warehouses
    • 3,548 SF
    • 0.36 lot acres
    Off-Market
    Property ID
    US82-4846990
    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

    • Chaparral Insulation / General Contractor / Renovation Specialist
    • Driving Purpose Motors / Car Dealership
    • Rolling Motors / Car Dealership
    • Armor Auto Sales / Car Dealership

    Property Details for 15500 Scarlet St

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Property size
    3,548 SF
    Property type
    Warehouses
    APN
    276230222
    APU
    276230222

    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
    -97.6705
    Latitude
    30.4524
    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
    $6,791
    $59,375
    $431,409
    $490,784
    -
    $59,375
    $431,409
    $490,784

    Comparable in this City

    • Value Estimation
      $620,000
      17,973 SF

      1917 Hydro Dr

      WAREHOUSE, STORAGE • 17,973 SF
      1917 Hydro Dr, Austin, TX 78728-7625
      View Details
    • Value Estimation
      $550,000
      8,940 SF

      16602 Interstate 35

      WAREHOUSE, STORAGE • 8,940 SF
      16602 Interstate 35, Austin, TX 78728-1909
      View Details
    • Value Estimation
      $1,110,000
      12,000 SF

      16501 Bratton Ln

      WAREHOUSE, STORAGE • 12,000 SF
      16501 Bratton Ln, Austin, TX 78728-1900
      View Details
    • Value Estimation by Request
      110,000 SF

      15500 Wells Port Dr

      Distribution properties • 110,000 SF
      15500 Wells Port Dr, Austin, TX 78728
      View Details
    • Value Estimation
      $2,595,000
      81,682 SF

      2215 Grand Ave Pkwy

      WAREHOUSE, STORAGE • 81,682 SF
      2215 Grand Ave Pkwy, Austin, TX 78728-3812
      View Details
    • Value Estimation by Request
      7,000 SF

      13810 Interstate 35

      WAREHOUSE, STORAGE • 7,000 SF
      13810 Interstate 35, Austin, TX 78728-7706
      View Details

    Similar Nearby for Sale

    • $1,000,000
      4,560 SF

      Austin Warehouse with Fenced Yard

      4,500 SF warehouse with office, mezzanine, and yard.
      1911 Hydro Dr, Austin, TX 78728
      View Details
    • Contact for pricing

      Rolling Oaks Commercial Park Spaces

      Modern shell buildings customizable for retail, restaurant, or warehouse.
      15819 Fm 1325, Austin, TX 78728
      View Details
    • Contact for pricing
      8,000 SF

      Austin Workshop with Storage Space

      Workshop with storage, ideal for businesses in Austin area.
      15705 Brenda St, Austin, TX 78728
      View Details
    • $2,400,000
      8,000 SF

      Austin Warehouse and Office Space

      8,000 SF Austin property with warehouse and office space.
      15705 Brenda St, Austin, TX 78728
      View Details
    • Contact for pricing
      9,708 SF

      Automotive Service and Storage Facility

      Established automotive business with real estate and storage units for sale.
      16299 B, Austin, TX 78728
      View Details
    • Contact for pricing
      9,708 SF

      Automotive Service and Storage Facility

      Automotive service business and self-storage facility for sale.
      16299 Fm 1325, Austin, TX 78728
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Austin Flex / Industrial Space

      Flex, industrial, and office spaces available for lease in Austin.
      2120 Grand Avenue Pkwy, Austin, TX 78728
      View Details
    • $14 SF/Yr
      11,825 SF

      Austin Manufacturing Space For Lease

      Manufacturing space available for lease in Austin, Texas.
      13803 Dragline Dr, Austin, TX 78728
      View Details
    • $14 SF/Yr

      Austin Manufacturing Space For Lease

      Manufacturing space available for lease in two stand-alone buildings.
      1916 Dragline Dr, Austin, TX 78728
      View Details
    • Contact for pricing
      13,361 SF

      Warehouse with Cross Dock Loading

      13,361 square foot warehouse featuring cross dock loading.
      15505 Long Vista Dr, Austin, TX 78728
      View Details
    • Contact for pricing

      Austin Office-Warehouse with Secured Yard

      5,000 SF office-warehouse on 1.66-acre fenced site for lease.
      2015 W Howard Ln, Austin, TX 78728
      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.
    15500 Scarlet St
    Austin, TX 78728-3926
    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!