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

    2109 Congress Ave Austin, TX 78704-4316

    • Warehouses
    • 11,576 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3805673
    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

    • El Borracho Tacos / Restaurant
    • LuxeArt Hangar / Photography Studio
    • White Buffalo Room of Austin / Boot Repair Shop

    Property Details for 2109 Congress Ave

    Year built
    2013
    Lot size
    0.82 lot acres
    Property size
    11,576 SF
    Property type
    Warehouses
    APN
    303000105
    APU
    303000105

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $940,000
      Market price range: $355k - $941k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,660,000
      RESTAURANT
      $1,285,000
      RETAIL STORES
      $1,275,000
      COMMERCIAL (GENERAL)
      $945,000
      MEDICAL BUILDING
      $815,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7516
    Latitude
    30.2423
    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
    $86,439
    $6,054,720
    $842,135
    $6,896,855
    -
    $6,054,720
    $842,135
    $6,896,855

    Comparable in this City

    • Value Estimation
      $1,530,000
      77,700 SF

      336 Ben White Blvd

      MINI-WAREHOUSE, STORAGE • 77,700 SF
      336 Ben White Blvd, Austin, TX 78704
      View Details
    • Value Estimation
      $580,000
      18,519 SF

      701 Ben White Blvd

      WAREHOUSE, STORAGE • 18,519 SF
      701 Ben White Blvd, Austin, TX 78704-7400
      View Details
    • Value Estimation
      $845,000
      28,753 SF

      405 Ben White Blvd

      MINI-WAREHOUSE, STORAGE • 28,753 SF
      405 Ben White Blvd, Austin, TX 78704-7305
      View Details
    • Value Estimation by Request
      2,683 SF

      1603 1st St

      WAREHOUSE, STORAGE • 2,683 SF
      1603 1st St, Austin, TX 78704-3046
      View Details
    • Value Estimation
      $665,000
      12,942 SF

      1426 Toomey Rd

      WAREHOUSE, STORAGE • 12,942 SF
      1426 Toomey Rd, Austin, TX 78704-1000
      View Details
    • Value Estimation by Request
      8,820 SF

      4107 Victory Dr

      WAREHOUSE, STORAGE • 8,820 SF
      4107 Victory Dr, Austin, TX 78704-7503
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      49,914 SF

      Austin Industrial Property For Sale

      Industrial property with excellent access to major highways and airport.
      412 E Ben White Blvd, Austin, TX 78704
      View Details
    • $895,000
      1,742 SF

      Modern Oasis in Bouldin Neighborhood

      Modern, fully furnished home with luxury amenities and eco-conscious upgrades.
      2301 S 5Th St, Austin, TX 78704
      View Details
    • $1,595,000

      Oversized Lot in Zilker

      Large lot near Zilker Elementary, Barton Springs, and South Lamar.
      1809 Ford St, Austin, TX 78704
      View Details
    • $540,000
      678 SF

      Modern Living in South Congress

      Chic 1-bedroom residence in the heart of Austin's 78704.
      2121 S Congress Ave, Austin, TX 78704
      View Details
    • $975,000
      2,576 SF

      Spacious Home with Modern Amenities

      Elegant home with architectural details, modern kitchen, and private patios.
      1701 Ravey St, Austin, TX 78704
      View Details
    • $305,000
      1,098 SF

      Renovated Condo Near South Congress

      Move-in ready condo with modern upgrades and convenient location.
      2303 E Side Dr, Austin, TX 78704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,834 SF

      Austin Warehouse with Secured Storage

      Renovated warehouse in prime location with immediate availability.
      3904 Warehouse Row, Austin, TX 78704
      View Details
    • Contact for pricing
      9,933 SF

      Warehouse with Highway Exposure

      Stand-alone warehouse with showroom, highway exposure, and accessibility.
      4001 Warehouse Row, Austin, TX 78704
      View Details
    • Contact for pricing
      7,325 SF

      Austin Flex/Industrial Space Available

      Flex/Industrial space available for lease in Austin, Texas.
      2201-2215 Woodward St, Austin, TX 78704
      View Details
    • Contact for pricing
      5,479 SF

      Warehouse Space Near IH-35

      Flex/industrial space near IH-35 and Highway 71.
      3910 Warehouse Row, Austin, TX 78704
      View Details
    • Contact for pricing
      16,442 SF

      Warehouse Space Near Highway 71

      Flex/industrial space near IH-35 and Austin Airport.
      3907 Warehouse Row, Austin, TX 78704
      View Details
    • Contact for pricing
      4,000 SF

      Climate Controlled Flex Space Available

      4,000 SF flex space with rear loading door.
      7801 North Lamar Blvd, Austin, TX 78704
      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.
    2109 Congress Ave
    Austin, TX 78704-4316
    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.