Sign Up Successful!
You now have access to more from Realmo!
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

    1603 Congress Ave Austin, TX 78704-2475

    • Hotels
    • 68,569 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4113635
    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

    • Café No Sé / Cafe / Restaurant
    • South Congress Hotel / Bar / Hotel
    • Watertrade / Bar
    • Mañana / Coffee Shop / Bakery
    • Omigron Tallo / Restaurant

    Property Details for 1603 Congress Ave

    Year built
    2013
    Lot size
    0.95 lot acres
    Property size
    68,569 SF
    Property type
    Hotels
    APN
    302000504
    APU
    302000504

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $725,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7501
    Latitude
    30.2474
    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
    $576,137
    $8,286,854
    $19,713,146
    $28,000,000
    -
    $8,286,854
    $19,713,146
    $28,000,000

    Comparable in this City

    • Value Estimation
      $595,000
      73,362 SF

      2510 Congress Ave

      HOTEL • 73,362 SF
      2510 Congress Ave, Austin, TX 78704-5514
      View Details
    • Value Estimation
      $210,000
      160,000 SF

      1211 Riverside Dr

      HOTEL • 160,000 SF
      1211 Riverside Dr, Austin, TX 78704-1697
      View Details
    • Value Estimation
      $695,000
      304,183 SF

      208 Barton Spgs Rd

      HOTEL • 304,183 SF
      208 Barton Spgs Rd, Austin, TX 78704-1211
      View Details
    • Value Estimation
      $525,000
      52,250 SF

      110 Academy Dr

      HOTEL • 52,250 SF
      110 Academy Dr, Austin, TX 78704-1834
      View Details
    • Value Estimation
      $230,000
      13,964 SF

      1220 Congress Ave

      HOTEL • 13,964 SF
      1220 Congress Ave, Austin, TX 78704-2422
      View Details
    • Value Estimation
      $585,000
      207,291 SF

      300 Congress Ave

      HOTEL • 207,291 SF
      300 Congress Ave, Austin, TX 78704-1221
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.04 Acres

      South Austin Development Land

      1.04 Acres, SF-5 Zoning, 10-Unit Plan
      4009 Clawson Rd, Austin, TX 78704
      View Details
    • $460,000
      567 SF

      Modern Living on South Congress

      Stylish 1-bedroom residence in vibrant Austin neighborhood.
      2121 S Congress Ave, Austin, TX 78704
      View Details
    • Contact for pricing
      6,002 SF

      Austin Restaurant Chain Opportunity

      Established Tex-Mex restaurant chain with multiple Austin locations for sale.
      409 W 30Th St, Austin, TX 78704
      View Details
    • $415,000
      535 SF

      Modern Studio in South Congress

      Chic studio with Juliet terrace in vibrant South Congress.
      2121 S Congress Ave, Austin, TX 78704
      View Details
    • Contact for pricing
      49,914 SF

      Austin Industrial Property For Sale

      Industrial property with excellent access to major highways and airport.
      412 E Ben White Blvd, Austin, TX 78704
      View Details
    • Contact for pricing
      2,223 SF

      Retail Space on Ben White

      Retail property with frontage on Ben White Blvd in Austin.
      1801 W Ben White Blvd, Austin, TX 78704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,764 SF

      SoCo Austin Retail Space

      Prime Austin retail, 1764 sq ft.
      1712 Congress Ave, Austin, TX 78704
      View Details
    • Contact for pricing
      4,834 SF

      Austin Warehouse with Secured Storage

      Renovated warehouse in prime location with immediate availability.
      3904 Warehouse Row, 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
      37,313 SF

      Modern Office Space with Amenities

      Premium office space featuring modern amenities and downtown views.
      1301 South Lamar Blvd, Austin, TX 78704
      View Details
    • Contact for pricing
      12,191 SF

      East Riverside Office Space Available

      Office space for rent near South Congress and Lady Bird Lake.
      205 E Riverside Dr, Austin, TX 78704
      View Details
    • Contact for pricing
      4,000 SF

      Riverside Drive Retail Opportunity

      Retail space available in emerging Riverside corridor.
      2301 East Riverside Dr, Austin, TX 78704
      View Details

    Property Visit Statistics

    • Visits by month
      13.6k
    • Visitors by month
      10.6k
    • Avg Time on site
      37 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.
    1603 Congress Ave
    Austin, TX 78704-2475
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.