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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Warehouses
16501 Bratton Ln Austin, TX 78728-1900
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-0362242
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
CONCRETE
Total area
12,000 SF
Lot
3.15 ac (137,083 SF)
APN
282230502
UPID
US82-0362242
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
XL Parts Auto Parts Store
-
BG Technologies Building Supply Electrical Service
-
drebendesignssoundstudio Electronics & Wireless Store Auto Parts Store
-
Avila Soccer Round Rock Sports School Sports Field & Court
-
Austin EV Only Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.11M
Owner & transaction history
Pelanje LP · 8 yrs held
Pelanje LP
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+160.2%
Office building
$1.6M
+134.3%
Restaurant
$1.2M
+79.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,720,000
Change: +160% · Conversion: Easy
OFFICE BUILDING
$1,550,000
Change: +134% · Conversion: Difficult
RESTAURANT
$1,190,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$1,155,000
Change: +75% · Conversion: Moderate
MEDICAL BUILDING
$845,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$93 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$81,215
Tax year 2022
Assessed value
$5,516,741
Assessed 2023
Previous assessed
$4,826,400
+14.3% YoY
Effective rate
1.47%
On assessed value
Assessed land
$822,498
Assessed improvement
$4,694,243
Land market value
$822,498
Improvement market value
$4,694,243
Total market value
$5,516,741
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Total area
12,000 SF
Lot
3.15 ac (137,083 SF)
APN
282230502
UPID
US82-0362242
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$845,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Lot
3.15 ac
Current owner
From public records · entity-resolved
Pelanje LP
Entity
Mailing address
3600 BEE CRK RD, SPICEWOOD, TX 78669-6868
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2025
—
Pelanje LP
—
Deed
related
$3,100,000 · Austin Telco FCU
May 31, 2018
—
Pelanje LP
Kotel Investmetns INC
Special Warranty Deed
$290,000 · Independence Bank
Aug 2, 2016
—
Kotel Investments
—
Deed
related
$500,000 · Wells Fargo Bk
Nov 13, 2007
—
Kotel Investments INC
Bratton Lane Commercial Park LP
Venders Lien
$1,650,000 · Wells Fargo Bank NA
Mar 17, 2006
—
Lane Coml Park Bratton
Nassour,jimmy
Grant Deed
related
—
—
—
Classic Marble Co
—
Deed Of Trust
related
$200,000 · Compass Bank
—
—
Kotel Investments
—
Loan Modification
related
$500,000 · Wells Fargo Bk
—
—
Kotel Investment INC
—
Deed Of Trust
related
$1,650,000 · Wells Fargo Bank
—
—
Kotel Investments INC
—
Loan Modification
related
$1,650,000 · Wells Fargo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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