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

    1900 Simond Ave Austin, TX 78723-4643

    • Apartment buildings
    • 228,797 SF
    • 3.64 lot acres
    OFF-MARKET
    Last Sale
    Dec 03, 2021
    Value Estimations
    $3,335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6585403
    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

    • Lady Quack's Cakery / Bakery / Cafe
    • Lona Media / Video Production Service
    • Mueller Dog Walking & Boarding / Dog Walker
    • WhichCraft Tap Room & Bottle Shop / Coffee Shop / Beer Hall
    • Air Duct Pros INC / Air Duct Cleaning Service

    Property Details for 1900 Simond Ave

    Year built
    2014
    Lot size
    3.64 lot acres
    Property size
    228,797 SF
    Property type
    Apartment buildings
    APN
    217131101
    APU
    217131101

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,570,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7037
    Latitude
    30.2972
    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
    $1,605,217
    $7,127,712
    $80,142,288
    $87,270,000
    -
    $7,127,712
    $80,142,288
    $87,270,000

    Comparable in this City

    • Value Estimation
      $1,335,000
      140,252 SF

      3219 Mnr Rd

      APARTMENT HOUSE (100+ UNITS) • 140,252 SF
      3219 Mnr Rd, Austin, TX 78723-5720
      View Details
    • Value Estimation by Request
      11,200 SF

      2706 Wheless Ln

      APARTMENT HOUSE (5+ UNITS) • 11,200 SF
      2706 Wheless Ln, Austin, TX 78723-3365
      View Details
    • Value Estimation
      $1,300,000
      190,411 SF

      7224 12th Ne Dr

      APARTMENT HOUSE (100+ UNITS) • 190,411 SF
      7224 12th Ne Dr, Austin, TX 78723-1425
      View Details
    • Value Estimation by Request
      4,060 SF

      2904 Sweeney Ln

      Multifamily properties • 4,060 SF
      2904 Sweeney Ln, Austin, TX 78723
      View Details
    • Value Estimation by Request
      4,690 SF

      5200 Lancaster Ct

      APARTMENT HOUSE (5+ UNITS) • 4,690 SF
      5200 Lancaster Ct, Austin, TX 78723-3072
      View Details
    • Value Estimation by Request
      4.00 Acres

      5525 51St St

      Multifamily properties • 4.00 Acres
      5525 51St St, Austin, TX 78723
      View Details

    Similar Nearby for Sale

    • $609,000
      1,101 SF

      Parkside at Mueller Park View

      Two-bedroom condo with direct park views in desirable Mueller neighborhood.
      1701 Simond Ave, Austin, TX 78723
      View Details
    • $425,000

      Modern Condo in Prime Location

      One-bedroom condo in Mueller with modern amenities and convenient location.
      1701 Simond Ave, Austin, TX 78723
      View Details
    • $849,000

      Ten-Unit Multi-Family Rehab Opportunity

      Ten-unit complex needing complete rehab in appreciating area.
      2901 Sweeney Ln, Austin, TX 78723
      View Details
    • $400,000

      Condo in Vibrant Mueller Community

      Condo with high-end amenities, close to restaurants and downtown.
      1701 Simond Ave, Austin, TX 78723
      View Details
    • $500,000

      Duplex Near Mueller Development

      Duplex near Mueller Development, ideal for investors. Leased at $3,125/month.
      1308 E 52Nd St, Austin, TX 78723
      View Details
    • $239,900
      590 SF

      Updated Home in Austin's East Side

      Updated home near Downtown, Mueller, and dining in Austin's East Side.
      1313 E 52Nd St, Austin, TX 78723
      View Details

    Similar Nearby for Lease

    • $2,675 /Mo
      1,595 SF

      Modern Condo in Hypoint Community

      Contemporary 3-bedroom condo in East Austin, built in 2020.
      6020 Springdale Rd, Austin, TX 78723
      View Details
    • $2,300 /Mo
      808 SF

      Modern Apartment in Mueller Area

      Apartment in vibrant Mueller area with modern amenities and convenient location.
      1701 Simond Ave, Austin, TX 78723
      View Details
    • $3,750 /Mo
      2,000 SF

      Well-Maintained Home Near Mueller

      Minutes from Mueller shopping, modern appliances, private backyard, garage parking.
      3306 Denver Ave, Austin, TX 78723
      View Details
    • $3,900 /Mo

      Austin Home Near Mueller Center

      Three-bedroom home with modern amenities near Mueller's vibrant town center.
      2204 Robert Browning St, Austin, TX 78723
      View Details
    • $42 SF/Yr
      4,645 SF

      Mueller Blvd Retail Opportunity

      Austin Retail Space: Prime Location, Two Suites
      5025 Mueller Blvd, Austin, TX 78723
      View Details
    • $1,750 /Mo

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      1403 Braes Ridge Dr, Austin, TX 78723
      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.
    1900 Simond Ave
    Austin, TX 78723-4643
    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.