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    Property profile & analytics

    2105 Congress Ave Austin, TX 78704

    • Grocery and convenience stores
    • 1,628 SF
    • 0.49 lot acres
    For Lease
    View listing
    Last Sale
    Sep 23, 2022
    Value Estimations
    $370,000
    Cap Rate Potential
    9.9%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US82-3132536
    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

    • Glorieta cinco estrellas / Honduran Restaurant
    • Leland South Congress / Real Estate Developer
    • Ta-Co. Mex / Restaurant / Taco Restaurant
    • JRD Windshield Repair & Replacement / Auto Glass Shop

    Property Details for 2105 Congress Ave

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    0.49 lot acres
    Property size
    1,628 SF
    Property type
    Grocery and convenience stores
    APN
    403010105
    APU
    403010105

    Description

    This exceptional retail and restaurant property, located at 2105 S Congress Ave in Austin, Texas, offers a prime opportunity for businesses seeking high-visibility space in a thriving market. The property boasts a total of 21,713 square feet, divided into nine individual suites, providing flexibility for various tenant needs. Units range in size from a minimum of 1,506 square feet to a maximum contiguous space of 7,307 square feet, catering to a diverse range of businesses. Currently, there is 23,430 square feet of vacant space available, presenting a unique chance to establish or expand your presence in this dynamic Austin location. The property is conveniently situated in Travis County, with easy access to major thoroughfares and ample parking for customers and employees, featuring a total of 500 parking spaces. This multi-tenant building is ideal for businesses seeking a vibrant and accessible location within a bustling commercial district. The property's classification as both retail and restaurant-suitable makes it a versatile option for a variety of commercial ventures. The address is 2105 S Congress Ave, Austin, TX 78704.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $545,000
      6.5%
      $505,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $317,000
      Market price range: $155k - $317k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $260,000
      AUTO REPAIR, GARAGE
      $235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7518
    Latitude
    30.2428
    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
    $47,500
    $3,646,160
    $52,504
    $3,698,664
    -
    $3,646,160
    $52,504
    $3,698,664

    Comparable in this City

    • Value Estimation
      $405,000
      9,174 SF

      3010 Lamar Blvd

      CONVENIENCE STORE • 9,174 SF
      3010 Lamar Blvd, Austin, TX 78704-4714
      View Details
    • Value Estimation
      $340,000
      2,108 SF

      3906 Congress Ave

      CONVENIENCE STORE • 2,108 SF
      3906 Congress Ave, Austin, TX 78704-7220
      View Details
    • Value Estimation
      $280,000
      2,664 SF

      915 Oltorf St

      CONVENIENCE STORE • 2,664 SF
      915 Oltorf St, Austin, TX 78704-5325
      View Details
    • Value Estimation
      $350,000
      600 SF

      608 Lamar Blvd

      CONVENIENCE STORE • 600 SF
      608 Lamar Blvd, Austin, TX 78704-1506
      View Details
    • Value Estimation
      $375,000
      1,395 SF

      1913 Ben White Blvd

      CONVENIENCE STORE • 1,395 SF
      1913 Ben White Blvd, Austin, TX 78704-7649
      View Details
    • Value Estimation
      $430,000
      1,508 SF

      2125 Ben White Blvd

      CONVENIENCE STORE • 1,508 SF
      2125 Ben White Blvd, Austin, TX 78704-7520
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,223 SF

      Retail Space on Ben White

      Retail property with frontage on Ben White Blvd in Austin.
      1801 W Ben White Blvd, Austin, TX 78704
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    • Contact for pricing
      858 SF

      Retail Showroom with Overhead Doors

      Retail showroom featuring four bays with overhead doors and ample parking.
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      South Austin Commercial Building For Sale

      Commercial building in prime South Austin location near major retailers.
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    • $20,000,000
      49,211 SF

      Austin Retail Center - High Growth Area

      Prime Austin location, high-traffic, strong tenant mix.
      500 East Ben White Blvd, Austin, TX 78704
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    • Contact for pricing
      5,636 SF

      Retail Showroom with Overhead Doors

      Retail showroom featuring four bays with overhead doors and parking.
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    • $799,000

      Upscale Living in Austin's 78704

      Contemporary mid-rise living with upscale retail space in Austin.
      2121 S Congress Ave, Austin, TX 78704
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      20,890 SF

      Retail Space Near Super Walmart

      Retail space available in busy South Austin shopping center.
      500 E Ben White Blvd, Austin, TX 78704
      View Details
    • Contact for pricing
      1,008 SF

      Retail Space Across Whole Foods

      Retail space in Old West Austin near major retailers.
      500 N Lamar Blvd, Austin, TX 78704
      View Details
    • $3,400 /Mo

      Retail Space in Busy Area

      Retail space available in a high-traffic location.
      2101 S 1St St, Austin, TX 78704
      View Details
    • Contact for pricing
      2,284 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces available with dedicated parking.
      110 Live Oak St E, Austin, TX 78704
      View Details
    • Contact for pricing
      4,000 SF

      Riverside Drive Retail Opportunity

      Retail space available in emerging Riverside corridor.
      2301 East Riverside Dr, Austin, TX 78704
      View Details
    • Contact for pricing
      1,070 SF

      Retail Space in Austin Center

      Retail, service, and restaurant spaces available in Austin, TX.
      4032 S Lamar Blvd, Austin, TX 78704
      View Details
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    Austin, TX 78704
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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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