Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    16231 Interstate 35 Pflugerville, TX 78660-3196

    • Turn key restaurants
    • 51,454 SF
    • 20.25 lot acres
    OFF-MARKET
    Last Sale
    Oct 18, 2022
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3490395
    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

    • Turn key restaurants

    Property Details for 16231 Interstate 35

    Year built
    2003
    Lot size
    20.25 lot acres
    Property size
    51,454 SF
    Property type
    Turn key restaurants
    APN
    278260109
    APU
    278260109

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $835,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pflugerville
    County
    Travis
    State
    Texas
    Longitude
    -97.6663
    Latitude
    30.4632
    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
    $180,989
    $10,054,059
    $6,432,388
    $16,486,447
    -
    $10,054,059
    $6,432,388
    $16,486,447

    Comparable in this City

    • Value Estimation
      $270,000
      4,488 SF

      111 Main St

      RESTAURANT • 4,488 SF
      111 Main St, Pflugerville, TX 78660-2733
      View Details
    • Value Estimation
      $95,000
      4,780 SF

      19200 Colorado Sand Dr

      RESTAURANT • 4,780 SF
      19200 Colorado Sand Dr, Pflugerville, TX 78660-7343
      View Details
    • Value Estimation
      $345,000
      5,855 SF

      18901 Limestone Commercial Dr

      RESTAURANT • 5,855 SF
      18901 Limestone Commercial Dr, Pflugerville, TX 78660-4515
      View Details
    • Value Estimation
      $275,000
      3,516 SF

      907 Fm 685

      RESTAURANT • 3,516 SF
      907 Fm 685, Pflugerville, TX 78660-2802
      View Details
    • Value Estimation
      $495,000
      6,088 SF

      15821 Central Commerce Dr

      RESTAURANT • 6,088 SF
      15821 Central Commerce Dr, Pflugerville, TX 78660-2068
      View Details
    • Value Estimation
      $215,000
      4,495 SF

      Limestone Commercial Dr

      RESTAURANT • 4,495 SF
      Limestone Commercial Dr, Pflugerville, TX 78660
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,277 SF

      Pflugerville Restaurant - Turnkey Opportunity

      Thriving Restaurant, Prime Location, Texas
      1005 Pecan St, Pflugerville, TX 78660
      View Details
    • $4,900,000
      6,950 SF

      High-Yield Pflugerville Retail Center

      Profitable Retail Property, Excellent Lease
      15212 Fm-1825, Pflugerville, TX 78660
      View Details
    • $1,500,000

      Unique Retail Space in Pflugerville

      Retail property with parking in downtown Pflugerville for sale.
      101 W Pecan St, Pflugerville, TX 78660
      View Details
    • $2,000,000
      1.25 Acres

      Pflugerville Land with Approved Plans

      1.25 acre site with approved car wash plans in Pflugerville.
      521 Wells Branch Pkwy, Pflugerville, TX 78660
      View Details
    • $3,700,000
      6,088 SF

      Prime Pflugerville Retail Opportunity

      Spacious Retail Building, 2.35 Acres
      15821 Central Commerce Dr, Pflugerville, TX 78660
      View Details
    • $950,000

      Pflugerville Commercial Property For Sale

      Versatile commercial property in Pflugerville with high-visibility frontage.
      2316 W Pecan St, Pflugerville, TX 78660
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space with Patio Available

      New construction restaurant space with patio in growing market.
      114 Grand Avenue Pkwy, Pflugerville, TX 78660
      View Details
    • Contact for pricing
      2,250 SF

      Retail Space in Growing Pflugerville

      New retail space near residential area, delivering Q3 2025.
      18817 N Heatherwilde Blvd, Pflugerville, TX 78660
      View Details
    • Contact for pricing
      17,206 SF

      Pflugerville Retail Space For Lease

      New construction retail space with drive-thru in high-growth area.
      208 E Wells Branch Pkwy, Pflugerville, TX 78660
      View Details
    • $32 SF/Yr
      6,188 SF

      Grace Plaza: Pflugerville Retail Space

      Prime Pflugerville retail space available.
      0 Swc Wl Br Pkwy. & Dessau Rd, Pflugerville, TX 78660
      View Details
    • Contact for pricing
      9,149 SF

      Wells Branch Retail Center Opportunity

      Pflugerville retail space, multiple units available
      801 Wells Branch Pkwy, Pflugerville, TX 78660
      View Details
    • $30 SF/Yr
      9,600 SF

      Prime Retail Space - Travis County

      New 9,600 SF Strip Center; Pre-Lease Opportunity
      3703 Kelly Ln, Pflugerville, TX 78660
      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.
    16231 Interstate 35
    Pflugerville, TX 78660-3196
    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.