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    1601 Interstate 35 Austin, TX 78741-2503
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    Property profile & analytics

    1601 Interstate 35, Austin, TX 78741-2503

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    • Office buildings
    • 4,674 SF
    • 0.67 lot acres
    Off-Market
    Property ID
    US82-2835417
    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

    • Office buildings

    Property Details for 1601 Interstate 35

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    0.67 lot acres
    Property type
    Office buildings
    APN
    303050807
    APU
    303050807

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 14, 2023 — 1601 Ih 35n LLC — Deed · related —
    Aug 1, 2023 — 1601 Ih35 N LLC Travis D Lowell Mcgrane Deed $4.4M · Bank Of The Ozarks
    Jul 28, 2023 — Duke Atx Farm LLC Scruffs Barbershop LLC Warranty Deed $400k · Horizon Bank Ssb
    Apr 29, 2021 — Rgop LLC John Rivas Warranty Deed $244k · Horizon Bank Ssb
    Mar 19, 2021 — 1601 E 5th Street LLC Solid Gold LLC Deed $326k · Bbva USA
    Jul 27, 2020 — Mkx2 Holdings LLC Lawrence A Warshaw Deed $280k · Broadway National Bank
    Oct 4, 2019 — 1601 Dev Group LLC Tomas L Pantin Warranty Deed $2.7M · Bank Of America
    Jul 31, 2019 — Mmu East5th LLC — Deed · related $168k · Bancorpsouth
    Jul 17, 2019 — Lawrence A Warshaw — Deed · related $400k · Bancorpsouth
    Jun 19, 2019 — Saltillo 107 LLC Levine,steven Warranty Deed —
    Apr 5, 2019 — Lawrence A Warshaw — Deed · related $400k · Bancorpsouth
    Nov 1, 2018 — Scruffs Barbershop LLC Lorenz,perry Warranty Deed $438k · Amplify Cu
    Sep 22, 2017 — Lawrence A Warshaw — Deed · related $400k · First St Bk/ctrl Tx
    Dec 27, 2016 — Austin Wall Street LLC James W Reed Warranty Deed $306k · Southside Bank

    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
    -97.7357
    Latitude
    30.2415
    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
    $0.00
    $875,910
    $561,470
    $1,437,380
    -
    $875,910
    $561,470
    $1,437,380

    Comparable in this City

    • Value Estimation
      $2,745,000
      85,648 SF

      5202 Ben White Blvd, Unit 5

      OFFICE BUILDING
      5202 Ben White Blvd, Austin, TX 78741-7316
      View Details
    • Value Estimation
      $1,025,000
      17,122 SF

      2111 Parker Ln

      OFFICE BUILDING
      2111 Parker Ln, Austin, TX 78741-3807
      View Details
    • Value Estimation
      $925,000
      36,018 SF

      1949 Interstate 35

      OFFICE BUILDING
      1949 Interstate 35, Austin, TX 78741-3702
      View Details
    • Value Estimation
      $1,055,000
      59,406 SF

      2015 Interstate 35

      OFFICE BUILDING
      2015 Interstate 35, Austin, TX 78741-3809
      View Details
    • Value Estimation
      $17,565,000
      296,850 SF

      2300 Oracle Way

      OFFICE BUILDING
      2300 Oracle Way, Austin, TX 78741-1400
      View Details
    • Value Estimation
      $4,855,000
      75,650 SF

      2400 Grv Blvd

      OFFICE BUILDING
      2400 Grv Blvd, Austin, TX 78741-6500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,235 SF

      Professional Office Building IH-35 Frontage

      Professional office building with IH-35 frontage and signage opportunity.
      1833 S I-35 Frontage Rd, Austin, TX 78741
      View Details
    • Contact for pricing
      12,313 SF

      Office/Retail Building with Downtown Views

      12,313 SF building on 1.39 acres with I-35 frontage.
      2401 S I-35 Frontage Rd, Austin, TX 78741
      View Details
    • $219,990

      Land for Sale in Austin

      Land available in Austin, Texas.
      00 Thrasher Ln, Austin, TX 78741
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      249,000 SF

      Office Space in River Park

      Transit-oriented office space within a large mixed-use development.
      4820 East Riverside Dr, Austin, TX 78741
      View Details
    • Contact for pricing
      185,000 SF

      Mixed-Use Development with Parkland

      Large-scale, transit-oriented development with extensive parkland and greenspace.
      4720 East Riverside Dr, Austin, TX 78741
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    • Contact for pricing

      Wells Fargo Building Office Space

      Conveniently located office space at IH-35 and Highway 71.
      2028 E Ben White Blvd, Austin, TX 78741
      View Details
    • Contact for pricing
      1,035 SF

      Austin Office Space For Rent

      Office spaces available near IH-35 in Austin, Texas.
      1949 S I-35 Frontage Rd, Austin, TX 78741
      View Details
    • Contact for pricing
      2,380 SF

      Renovated Office Space Near Downtown

      Recently renovated office space with downtown views and planned retail.
      2211 S I-35, Austin, TX 78741
      View Details
    • Contact for pricing
      5,529 SF

      Austin Office Space For Rent

      6,000 square feet of office space available for rent.
      6201 E Oltorf St, Austin, TX 78741
      View Details
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    1601 Interstate 35
    Austin, TX 78741-2503
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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.

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    1601 Interstate 35, Austin, TX, 78741
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