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

    1915 Wls Br Pkwy Austin, TX 78728-6991

    • Apartment buildings
    • 221,304 SF
    • 11.09 lot acres
    OFF-MARKET
    Last Sale
    Dec 27, 2021
    Value Estimations
    $2,070,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3659241
    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

    • Apartment buildings

    Property Details for 1915 Wls Br Pkwy

    Year built
    1986
    Construction
    WOOD FRAME
    Lot size
    11.09 lot acres
    Property size
    221,304 SF
    Property type
    Apartment buildings
    APN
    268201105
    APU
    268201105

    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
    -97.6807
    Latitude
    30.4337
    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
    $428,229
    $2,898,480
    $33,001,520
    $35,900,000
    -
    $2,898,480
    $33,001,520
    $35,900,000

    Comparable in this City

    • Value Estimation
      $1,235,000
      143,550 SF

      14011 Owen Tech Blvd

      APARTMENT HOUSE (100+ UNITS) • 143,550 SF
      14011 Owen Tech Blvd, Austin, TX 78728-7180
      View Details
    • Value Estimation
      $2,000,000
      178,200 SF

      16016 Bratton Ln

      APARTMENT HOUSE (100+ UNITS) • 178,200 SF
      16016 Bratton Ln, Austin, TX 78728-3004
      View Details
    • Value Estimation
      $4,315,000
      306,147 SF

      3300 Wls Br Pkwy

      APARTMENT HOUSE (100+ UNITS) • 306,147 SF
      3300 Wls Br Pkwy, Austin, TX 78728-6678
      View Details
    • Value Estimation
      $1,155,000
      100,722 SF

      2323 Wls Br Pkwy

      APARTMENT HOUSE (100+ UNITS) • 100,722 SF
      2323 Wls Br Pkwy, Austin, TX 78728-6787
      View Details
    • Value Estimation
      $6,040,000
      428,011 SF

      4301 Grand Ave Pkwy

      APARTMENT HOUSE (100+ UNITS) • 428,011 SF
      4301 Grand Ave Pkwy, Austin, TX 78728-0023
      View Details
    • Value Estimation
      $3,305,000
      257,338 SF

      3501 Shoreline Dr

      APARTMENT HOUSE (100+ UNITS) • 257,338 SF
      3501 Shoreline Dr, Austin, TX 78728-4486
      View Details

    Similar Nearby for Sale

    • $450,000
      1,936 SF

      Updated Duplex in North Austin

      Turnkey investment opportunity in the desirable Wells Branch community.
      1915 Margalene Way, Austin, TX 78728
      View Details
    • $1,000,000
      4,560 SF

      Austin Warehouse with Fenced Yard

      4,500 SF warehouse with office, mezzanine, and yard.
      1911 Hydro Dr, Austin, TX 78728
      View Details
    • $1,200,000
      1.74 Acres

      Austin Commercial Land - Howard Ln

      1.736 Acres, CS Zoning, Prime Location
      13713 Pansy Trl, Austin, TX 78728
      View Details
    • Contact for pricing
      1,800 SF

      Rolling Oaks Commercial Park

      Austin, TX Mixed-Use Investment Opportunity
      15819 Fm 1325, Austin, TX 78728
      View Details
    • Contact for pricing
      9,708 SF

      Austin Automotive Business & Real Estate

      Established Automotive Shop & Storage Units
      16299 B, Austin, TX 78728
      View Details
    • Contact for pricing
      9,708 SF

      Automotive Service and Storage Facility

      Automotive service business and self-storage facility for sale.
      16299 Fm 1325, Austin, TX 78728
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      11,825 SF

      Manufacturing Space Available For Lease

      Manufacturing space for lease in two stand-alone buildings.
      1916 Hydro Dr, Austin, TX 78728
      View Details
    • $1.16 SF/Yr
      133,000 SF

      North Central Austin Warehouse Space

      Functional warehouse space with modern offices and convenient access.
      15508 Bratton Ln, Austin, TX 78728
      View Details
    • Contact for pricing
      171,589 SF

      Lincoln Vista II: Executive Office/Warehouse

      Modern Office/Warehouse Space Available in Austin
      2120 Grand Avenue Pkwy, Austin, TX 78728
      View Details
    • $14 SF/Yr
      11,825 SF

      Austin Manufacturing Space For Lease

      Manufacturing space available for lease in Austin, Texas.
      13803 Dragline Dr, Austin, TX 78728
      View Details
    • $14 SF/Yr
      11,825 SF

      Austin Manufacturing Space For Lease

      Manufacturing space available for lease in two stand-alone buildings.
      1916 Dragline Dr, Austin, TX 78728
      View Details
    • $22 SF/Yr
      14,963 SF

      Austin Executive Office Space For Lease

      14,963 SF Office, Prime Austin Location
      3800 Quick Hill Rd, Austin, TX 78728
      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.
    1915 Wls Br Pkwy
    Austin, TX 78728-6991
    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.