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    Property profile & analytics

    1609 Parmer Ln Austin, TX 78727

    • Parking lots & garages
    • 5,304 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    $425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4649352
    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

    • Popeyes Louisiana Kitchen / Cajun Restaurant / Chicken Restaurant

    Property Details for 1609 Parmer Ln

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    0.80 lot acres
    Property size
    5,304 SF
    Property type
    Parking lots & garages
    APN
    260180419
    APU
    260180419

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $433,000
      Market price range: $260k - $737k

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6889
    Latitude
    30.4118
    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
    $22,712
    $468,099
    $809,580
    $1,277,679
    -
    $468,099
    $809,580
    $1,277,679

    Comparable in this City

    • Value Estimation
      $345,000
      480 SF

      2011 Parmer Ln

      CAR WASH • 480 SF
      2011 Parmer Ln, Austin, TX 78727
      View Details
    • Value Estimation
      $365,000
      1,815 SF

      12511 Mopac Expy

      AUTO REPAIR, GARAGE • 1,815 SF
      12511 Mopac Expy, Austin, TX 78727
      View Details
    • Value Estimation
      $220,000
      3,974 SF

      2312 Parmer Ln

      AUTO REPAIR, GARAGE • 3,974 SF
      2312 Parmer Ln, Austin, TX 78727-4332
      View Details
    • Value Estimation
      $320,000
      6,720 SF

      1813 Parmer Ln

      RETAIL STORES (PERSONAL SERVICES) • 6,720 SF
      1813 Parmer Ln, Austin, TX 78727-4508
      View Details
    • Value Estimation
      $925,000
      136,214 SF

      12707 Mopac Expy

      WHOLESALE OUTLET, DISCOUNT STORE • 136,214 SF
      12707 Mopac Expy, Austin, TX 78727-4229
      View Details
    • Value Estimation
      $395,000
      3,356 SF

      1500 Parmer Ln

      FINANCIAL BUILDING • 3,356 SF
      1500 Parmer Ln, Austin, TX 78727-4527
      View Details

    Similar Nearby for Sale

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      Freestanding Retail Building on Parmer

      High-visibility retail building on Parmer Lane with ample parking.
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      Land For Sale Austin, TX

      Land available for purchase in Austin, Texas.
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      Commercial land with approved site development plans and utilities.
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    Similar Nearby for Lease

    • 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
    • Contact for pricing
      2,312 SF

      Retail Space Near Major Employers

      Retail spaces available near major Austin employers and medical center.
      2500 W Parmer Ln, Austin, TX 78727
      View Details
    • Contact for pricing
      20,000 SF

      High-Visibility Retail Space Available

      Retail space with high visibility in a densely populated area.
      2506 W Parmer Ln, Austin, TX 78727
      View Details
    • $24 SF/Yr
      800 SF

      Retail Space on Parmer Lane

      Retail space available for lease on West Parmer Lane.
      2006 W Parmer Ln, Austin, TX 78727
      View Details
    • $18 SF/Yr
      1,460 SF

      Neighborhood Retail Center Space Available

      Neighborhood retail center space suitable for various businesses.
      12400 Amherst Dr, 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

    Property Visit Statistics

    • Visits by month
      12.7k
    • Visitors by month
      11.2k
    • Avg Time on site
      8 min
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    1609 Parmer Ln
    Austin, TX 78727
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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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