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    1901 East 51St St Austin, TX 78723
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    Property profile & analytics

    1901 East 51St St Austin, TX 78723

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    • Warehouses
    • 14,400 SF
    • 10.53 lot acres
    For Lease
    $655,000
    View Listing →
    Office Space in Mueller Development For Lease
    $655,000
    28,845 SF

    Office Space in Mueller Development

    Office space for rent in vibrant Mueller Development, Austin, TX.

    1901 East 51st Street, Austin, TX 78723
    View Listing
    Property ID
    US83-0805251
    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.
    Value Estimations
    $655,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MPS Austin / Tech Support Center / Rental Equipment Company
    • Code 4 Emergency Services / Public Safety Office
    • Chapman Leonard Studio Equipment, Inc. / Industrial Manufacturer / Production Facility
    • Austin Studios / Film Production
    • The Acting Group Talent Agency / Employment Agency

    Property Details for 1901 East 51St St

    Year built
    1996
    Lot size
    10.53 lot acres
    Property size
    14,400 SF
    Property type
    Warehouses
    APN
    219160612
    APU
    219160612

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $825,000
      Market price range: $422k - $826k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $590,000
      Current use
      OFFICE BUILDING
      $1,045,000
      Change: +78% Conversion: Difficult
      MEDICAL BUILDING
      $1,015,000
      Change: +73% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $495,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6966
    Latitude
    30.301
    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
    $0.00
    $16,052,056
    $7,737,288
    $23,789,344
    -
    $16,052,056
    $7,737,288
    $23,789,344

    Comparable in this City

    • Value Estimation
      $650,000
      16,576 SF

      2011 51st St

      WAREHOUSE, STORAGE • 16,576 SF
      2011 51st St, Austin, TX 78723-3015
      View Details
    • Value Estimation by Request
      10,680 SF

      7020 Hwy 290

      WAREHOUSE, STORAGE • 10,680 SF
      7020 Hwy 290, Austin, TX 78723-1408
      View Details
    • Value Estimation by Request
      4,000 SF

      5604 Mnr Rd

      WAREHOUSE, STORAGE • 4,000 SF
      5604 Mnr Rd, Austin, TX 78723-4731
      View Details
    • Value Estimation by Request
      8,400 SF

      2103 M Franklin Ave

      WAREHOUSE, STORAGE • 8,400 SF
      2103 M Franklin Ave, Austin, TX 78723-5832
      View Details
    • Value Estimation by Request
      660 SF

      3121 Mnr Rd

      WAREHOUSE, STORAGE • 660 SF
      3121 Mnr Rd, Austin, TX 78723-5746
      View Details
    • Value Estimation by Request
      11,008 SF

      5316 Ed Bluestein Blvd

      WAREHOUSE, STORAGE • 11,008 SF
      5316 Ed Bluestein Blvd, Austin, TX 78723-5610
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,150 SF

      Stabilized Retail Center in Austin

      Fully leased shopping center with redevelopment potential in North Mueller.
      1804 Briarcliff Blvd, Austin, TX 78723
      View Details
    • Contact for pricing

      Land Available in Austin, TX

      Land for sale at 3115 Manor Rd, Austin, TX
      3115 Manor Rd, Austin, TX 78723
      View Details
    • $3,799,000
      10,494 SF

      New Construction Detached Homes

      Seven new construction units in East Austin.
      3001 7Th St, Austin, TX 78723
      View Details
    • Contact for pricing
      4,645 SF

      5025 Mueller Blvd, Austin, TX 78723

      Retail space • 4,645 SF
      5025 Mueller Blvd, Austin, TX 78723
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building Near Mueller District

      Single-story industrial building with convenient highway access for lease.
      1045 Reinli St, Austin, TX 78723
      View Details
    • Contact for pricing

      Versatile Flex Space Available

      Office and warehouse flex space suitable for creative or manufacturing.
      2011 Anchor Ln, Austin, TX 78723
      View Details
    • $14 SF/Yr

      Office, Flex, Warehouse Space Available

      Office, office/warehouse, and flex space with highway access.
      6448 Us Highway 290, Austin, TX 78723
      View Details
    • $13 SF/Yr
      8,527 SF

      Austin Hwy 290 Office Space

      8,527 SF Office Suite - Lease Now
      6400 E Hwy 290, Building 3, Austin, TX 78723
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Growing Area

      Retail space with great visibility near restaurants and multifamily.
      3110-3128 Manor Rd, Austin, TX 78723
      View Details
    • Contact for pricing
      1,419 SF

      Retail Space in Mueller

      Retail space for lease in a mixed-use development.
      4600 Mueller Blvd, Austin, TX 78723
      View Details
    View Listing
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    1901 East 51St St
    Austin, TX 78723
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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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