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

    1905 Matthews Ln Austin, TX 78745-6143

    • Office buildings
    • 2,002 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0793777
    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

    • Allen Sonstein, MD / Internist
    • Adult Care of Austin, PA / Internist / Family Practice Physician
    • South Austin Infusion / Home Health Care Service / Medical Clinic
    • Austin School of Music / Music School

    Property Details for 1905 Matthews Ln

    Year built
    1968
    Construction
    WOOD FRAME
    Lot size
    0.36 lot acres
    Property size
    2,002 SF
    Property type
    Office buildings
    APN
    418170101
    APU
    418170101

    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
    -97.8068
    Latitude
    30.1994
    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
    $10,454
    $125,801
    $459,270
    $585,071
    -
    $125,801
    $459,270
    $585,071

    Comparable in this City

    • Value Estimation
      $2,910,000
      76,852 SF

      2200 Berkeley Ave

      OFFICE BUILDING • 76,852 SF
      2200 Berkeley Ave, Austin, TX 78745-4334
      View Details
    • Value Estimation
      $1,120,000
      7,068 SF

      4116 1st St

      OFFICE BUILDING • 7,068 SF
      4116 1st St, Austin, TX 78745
      View Details
    • Value Estimation
      $675,000
      8,919 SF

      1806 Stassney Ln

      OFFICE BUILDING • 8,919 SF
      1806 Stassney Ln, Austin, TX 78745-3677
      View Details
    • Value Estimation
      $8,090,000
      58,644 SF

      600 Saint Elmo Rd

      OFFICE BUILDING • 58,644 SF
      600 Saint Elmo Rd, Austin, TX 78745-1151
      View Details
    • Value Estimation
      $720,000
      4,500 SF

      801 Saint Elmo Rd

      OFFICE BUILDING • 4,500 SF
      801 Saint Elmo Rd, Austin, TX 78745-1154
      View Details
    • Value Estimation by Request
      1,500 SF

      817 Saint Elmo Rd

      OFFICE BUILDING • 1,500 SF
      817 Saint Elmo Rd, Austin, TX 78745-1229
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,340 SF

      South Congress Flex Building Opportunity

      20,340 SF flex building on 1.142 acres in Austin.
      4719 S Congress Ave, Austin, TX 78745
      View Details
    • Contact for pricing
      3,183 SF

      Freestanding Office Building For Sale

      Office building for sale or lease with delivery in Fall 2025.
      2635 Western Trails Blvd, Austin, TX 78745
      View Details
    • Contact for pricing
      8,512 SF

      Office Building For Sale/Lease

      Free-standing office buildings available for sale or lease.
      4701 West Gate Blvd, Austin, TX 78745
      View Details
    • $1,999,800
      3,636 SF

      Creative Office Building For Sale

      Unique two-story commercial building in South Austin, perfect for creative use.
      2210 Western Trails Blvd, Austin, TX 78745
      View Details
    • Contact for pricing
      2,500 SF

      South Lamar Medical Office Condos

      Austin medical office condos, below market
      4544 Lamar Blvd, Austin, TX 78745
      View Details
    • $1,200,000

      Versatile Mixed-Use Office Property

      Adaptable office space in South Austin with flexible zoning.
      312 W Stassney Ln, Austin, TX 78745
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      77,732 SF

      Austin Executive Office Space

      Class A Office Suites in Southwest Austin
      7500 Rialto Blvd, Austin, TX 78745
      View Details
    • Contact for pricing
      1,636 SF

      South Austin Flex Space

      Prime flex/office space in South Austin retail center.
      8400 Brodie Ln, Austin, TX 78745
      View Details
    • Contact for pricing
      8,365 SF

      Campus-Like Office Space Available

      Two-story office space with scenic views and high-end amenities.
      7300 Ranch Rd, Austin, TX 78745
      View Details
    • $6,993 /Mo

      Class A Office Space Available

      High-traffic South Austin location with flexible office suites.
      8011 Brodie Ln, Austin, TX 78745
      View Details
    • $30 SF/Yr

      Professional Office Space Available

      Office space suitable for medical, legal, or professional services.
      2500 B, Austin, TX 78745
      View Details
    • $39 SF/Yr
      5,475 SF

      South Central Austin Creative Office

      Creative office space in South Central Austin with high visibility.
      4604 South Lamar Blvd, Austin, TX 78745
      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.
    1905 Matthews Ln
    Austin, TX 78745-6143
    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.