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    1949 Interstate 35 Austin, TX 78741-3702
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    Property profile & analytics

    1949 Interstate 35, Austin, TX 78741-3702

    View on Map
    • Office buildings
    • 36,018 SF
    • 2.56 lot acres
    Off-Market
    Last Sale May 31, 2022
    Property ID
    US82-2116780
    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
    $925,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1949 Interstate 35

    Year built
    1985
    Lot size
    2.56 lot acres
    Property type
    Office buildings
    APN
    304040821
    APU
    304040821

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 4, 2024 — Tegrity Investments LLC — Deed · related $9.8M · Frontier Bank Of Texas
    May 31, 2022 — Tegrity Investments LLC Austin 1 35 Office Partners Ltd Co Special Warranty Deed $8.3M · Khre Sma Funding LLC
    Apr 3, 2019 — Corporate Blvd R & E Invtrs Ll Cl & G Jv LLC Warranty Deed $10M · Cl & G Jv LLC
    Sep 13, 2010 — Cl & G Jv LLC Cl & G Jv Quit Claim Deed · related —
    — — Goggan Blair Linebarger — Deed Of Trust · related —
    — — Goggan Blair Linebarger — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7378
    Latitude
    30.2375
    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
    $131,640
    $3,339,390
    $2,749,343
    $6,088,733
    -
    $3,339,390
    $2,749,343
    $6,088,733

    Comparable in this City

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      $3,835,000
      170,710 SF

      1615 Woodward St

      OFFICE BUILDING
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      View Details
    • Value Estimation
      $1,790,000
      47,416 SF

      1515 Grv Blvd

      OFFICE BUILDING
      1515 Grv Blvd, Austin, TX 78741-3453
      View Details
    • Value Estimation
      $600,000
      17,328 SF

      4604 Ben White Blvd

      OFFICE BUILDING
      4604 Ben White Blvd, Austin, TX 78741-7212
      View Details
    • Value Estimation
      $2,260,000
      61,918 SF

      5202 Ben White Blvd, Unit 3

      OFFICE BUILDING
      5202 Ben White Blvd, Austin, TX 78741-7316
      View Details
    • Value Estimation by Request
      3,433 SF

      1405 Riverside Dr, Unit B

      OFFICE BUILDING
      1405 Riverside Dr, Austin, TX 78741-1137
      View Details
    • Value Estimation by Request
      4,788 SF

      1824 Oltorf St

      OFFICE BUILDING
      1824 Oltorf St, Austin, TX 78741-4015
      View Details

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    • Contact for pricing
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      12,313 SF

      Office/Retail Building with Downtown Views

      12,313 SF building on 1.39 acres with I-35 frontage.
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      Land for Sale in Austin

      Land available in Austin, Texas.
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    Similar Nearby for Lease

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      249,000 SF

      Office Space in River Park

      Transit-oriented office space within a large mixed-use development.
      4820 East Riverside Dr, Austin, TX 78741
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      185,000 SF

      Mixed-Use Development with Parkland

      Large-scale, transit-oriented development with extensive parkland and greenspace.
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      Wells Fargo Building Office Space

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      1,035 SF

      Austin Office Space For Rent

      Office spaces available near IH-35 in Austin, Texas.
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      2,380 SF

      Renovated Office Space Near Downtown

      Recently renovated office space with downtown views and planned retail.
      2211 S I-35, Austin, TX 78741
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      5,529 SF

      Austin Office Space For Rent

      6,000 square feet of office space available for rent.
      6201 E Oltorf St, Austin, TX 78741
      View Details
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    Austin, TX 78741-3702
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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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