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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1823 Airport Blvd Austin, TX 78702-1658

    • Drive through restaurants
    • 2,075 SF
    • 0.64 lot acres
    OFF-MARKET
    Last Sale
    Sep 10, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6525157
    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 / Seafood Restaurant / Chicken Restaurant

    Property Details for 1823 Airport Blvd

    Year built
    1977
    Construction
    WOOD FRAME
    Lot size
    0.64 lot acres
    Property size
    2,075 SF
    Property type
    Drive through restaurants
    APN
    212150103
    APU
    212150103

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7031
    Latitude
    30.2821
    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
    $23,923
    $2,000,000
    $0.00
    $2,000,000
    -
    $2,000,000
    $0.00
    $2,000,000

    Comparable in this City

    • Value Estimation
      $660,000
      3,870 SF

      1143 12th Airport Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,870 SF
      1143 12th Airport Blvd, Austin, TX 78702-3152
      View Details
    • Value Estimation by Request
      1,427 SF

      813 7th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,427 SF
      813 7th St, Austin, TX 78702
      View Details
    • Value Estimation by Request
      2,314 SF

      2129 7th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,314 SF
      2129 7th St, Austin, TX 78702-3423
      View Details
    • Value Estimation by Request
      1,224 SF

      1805 Airport Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,224 SF
      1805 Airport Blvd, Austin, TX 78702-1658
      View Details
    • Value Estimation by Request
      2,188 SF

      1614 7th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,188 SF
      1614 7th St, Austin, TX 78702-3343
      View Details
    • Value Estimation by Request
      811 SF

      1623 7th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 811 SF
      1623 7th St, Austin, TX 78702-3325
      View Details

    Similar Nearby for Sale

    • $2,250,000

      East Cesar Chavez Retail Opportunity

      Retail property on East Cesar Chavez Street in Austin, Texas.
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    • $1,100,000
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      Prime location near downtown Austin with endless possibilities.
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      East Austin Retail Building For Sale

      13,183 SF retail building in the heart of East Austin.
      702 Shady Ln, Austin, TX 78702
      View Details
    • $1,100,000
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      Austin Mixed-Use Commercial Space

      Prime Austin location, 947 sq ft, $1.1M
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      Austin Retail Loft - $775K

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    Similar Nearby for Lease

    • Contact for pricing
      2,683 SF

      Restaurant with Drive-Thru Infrastructure

      Free-standing restaurant with drive-thru on a corner site.
      6419 Airport Blvd, Austin, TX 78702
      View Details
    • Contact for pricing
      2,779 SF

      Austin Retail Space - Trailhead East

      Prime East Austin Retail/Restaurant Opportunity
      5100 Bolm Rd, Austin, TX 78702
      View Details
    • Contact for pricing
      2,199 SF

      Retail Space Near Hike Trail

      Retail space under construction with hike trail access.
      31 Navasota St, Austin, TX 78702
      View Details
    • Contact for pricing
      48,000 SF

      East Austin Executive Office Space

      Modern, sustainable office suites in vibrant East Austin.
      2422 7Th St, Austin, TX 78702
      View Details
    • Contact for pricing
      2,160 SF

      Austin Airport Blvd Flex Space

      Versatile Austin warehouse/flex space available.
      830 Airport Blvd, Austin, TX 78702
      View Details
    • Contact for pricing
      1,335 SF

      East Austin Automotive Shop Space

      Automotive shop on Airport Blvd in East Austin.
      1119 Airport Blvd, Austin, TX 78702
      View Details

    Property Visit Statistics

    • Visits by month
      9.4k
    • Visitors by month
      8.5k
    • Avg Time on site
      15 min
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    1823 Airport Blvd
    Austin, TX 78702-1658
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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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