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

    1701 Parmer Ln Austin, TX 78754-9701

    • Commercial real estate
    • 14,864 SF
    • 1.50 lot acres
    OFF-MARKET
    Last Sale
    Apr 10, 2024
    Value Estimations
    $2,120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2940265
    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

    • CVS / Pharmacy
    • Clean Laundry / (Bike/Boat/Book/etc) Store
    • Splink nails / Nail Salon
    • Which Wich Austin - Parmer / Take-out & Catering
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 1701 Parmer Ln

    Year built
    2006
    Lot size
    1.50 lot acres
    Property size
    14,864 SF
    Property type
    Commercial real estate
    APN
    252300602
    APU
    252300602

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,149,000
      Market price range: $392k - $2.70M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,565,000
      Current use
      OFFICE BUILDING
      $2,385,000
      Change: +52% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,130,000
      Change: +36% Conversion: Difficult
      RESTAURANT
      $1,475,000
      Change: -6% Conversion: Difficult
      RETAIL STORES
      $1,435,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6484
    Latitude
    30.3861
    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
    $151,821
    $1,310,800
    $4,832,960
    $6,143,760
    -
    $1,310,800
    $4,832,960
    $6,143,760

    Comparable in this City

    • Value Estimation
      $3,090,000
      14,000 SF

      8101 Cameron Rd

      COMMERCIAL (GENERAL) • 14,000 SF
      8101 Cameron Rd, Austin, TX 78754-3805
      View Details
    • Value Estimation by Request
      6,498 SF

      13021 Dessau Rd Lot, Unit 743

      COMMERCIAL (GENERAL) • 6,498 SF
      13021 Dessau Rd Lot, Austin, TX 78754-1963
      View Details
    • Value Estimation
      $1,530,000
      38,491 SF

      11020 Dessau Rd

      COMMERCIAL (GENERAL) • 38,491 SF
      11020 Dessau Rd, Austin, TX 78754-2053
      View Details
    • Value Estimation by Request
      1,538 SF

      9312 Sprinkle Rd

      COMMERCIAL (GENERAL) • 1,538 SF
      9312 Sprinkle Rd, Austin, TX 78754-9627
      View Details
    • Value Estimation by Request

      8201 Cross Park Dr

      Neighborhood centers
      8201 Cross Park Dr, Austin, TX 78754
      View Details
    • Value Estimation by Request
      15.06 Acres

      8047 Exchange Dr

      COMMERCIAL (GENERAL) • 15.06 Acres
      8047 Exchange Dr, Austin, TX 78754-4733
      View Details

    Similar Nearby for Sale

    • $4,800,000
      15.00 Acres

      Austin ETJ Commercial Land

      15 Acres, Prime Development Site
      14016 Cameron Rd, Austin, TX 78754
      View Details
    • $2,600,000
      3.37 Acres

      Austin Commercial Land - $2.6M

      3.37 acre lot, prime Austin location.
      10017-1/2 Dessau Rd, Austin, TX 78754
      View Details
    • Contact for pricing
      93,452 SF

      Walnut Creek Office Building For Sale

      Four-story, 93,452 SF office building in Walnut Creek Business District.
      8317 Cross Park Dr, Austin, TX 78754
      View Details
    • Contact for pricing

      148.27-Acre Development Site

      148.27-acre development site with 1.4M SF developable space.
      3306 Ferguson Ln, Austin, TX 78754
      View Details
    • $935,000
      1 SF

      Commercial Site in Emerging Austin

      1.857 acre commercial site suited for office or retail.
      1812 E Parmer Ln, Austin, TX 78754
      View Details
    • Contact for pricing
      10,000 SF

      Fenced Yard with Office/Warehouse

      5.1-acre fenced yard with 10,000 SF office/warehouse.
      9513 Brown Ln, Austin, TX 78754
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      29,332 SF

      Austin Warehouse Space Available

      29,332 square foot warehouse space for lease in Austin.
      8200 Cross Park Dr, Austin, TX 78754
      View Details
    • Contact for pricing
      12,880 SF

      Warehouse Space with HVAC

      Warehouse space featuring rear loading and partial HVAC system.
      8801 Wall St, Austin, TX 78754
      View Details
    • Contact for pricing
      19,200 SF

      Austin Industrial Warehouse Space Available

      105,600 SF industrial warehouse in Austin's Northeast submarket.
      8701 Wall St, Austin, TX 78754
      View Details
    • Contact for pricing
      8,024 SF

      Medical Facility on Cameron Road

      8,024 SF medical facility with strong visibility, built in 2019.
      7912 Cameron Rd, Austin, TX 78754
      View Details
    • Contact for pricing
      108,805 SF

      Austin Industrial/Office Space for Lease

      Flexible Austin workspace, 300-100,000 sq ft.
      8119 Exchange Dr, Austin, TX 78754
      View Details
    • Contact for pricing
      59,187 SF

      New Industrial Space in Austin

      Class A industrial park with up to 329,677 sq. ft.
      8501 Wall St, Austin, TX 78754
      View Details

    Property Visit Statistics

    • Visits by month
      2.7k
    • Visitors by month
      2.6k
    • Avg Time on site
      20 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.
    1701 Parmer Ln
    Austin, TX 78754-9701
    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.