Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2157 Gaston Pl Dr Austin, TX 78723-2004

    • Grocery and convenience stores
    • 2,400 SF
    • 0.54 lot acres
    OFF-MARKET
    Last Sale
    Jul 12, 2022
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4463929
    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

    • Pupuseria Santa Elena y Mas / Taco Restaurant
    • Gaston Food Mart / Convenience Store

    Property Details for 2157 Gaston Pl Dr

    Year built
    1968
    Construction
    CONCRETE
    Lot size
    0.54 lot acres
    Property size
    2,400 SF
    Property type
    Grocery and convenience stores
    APN
    221191036
    APU
    221191036

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $236,000
      Market price range: $237k - $410k

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6857
    Latitude
    30.3117
    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
    $12,053
    $467,000
    $197,957
    $664,957
    -
    $467,000
    $197,957
    $664,957

    Comparable in this City

    • Value Estimation
      $345,000
      2,608 SF

      5517 Cameron Rd

      CONVENIENCE STORE • 2,608 SF
      5517 Cameron Rd, Austin, TX 78723-2436
      View Details
    • Value Estimation
      $380,000
      2,240 SF

      5618 Mnr Rd

      CONVENIENCE STORE • 2,240 SF
      5618 Mnr Rd, Austin, TX 78723-4731
      View Details
    • Value Estimation
      $330,000
      2,490 SF

      6413 Mnr Rd

      CONVENIENCE STORE • 2,490 SF
      6413 Mnr Rd, Austin, TX 78723-3725
      View Details
    • Value Estimation
      $320,000
      1,320 SF

      4311 Springdale Rd

      CONVENIENCE STORE • 1,320 SF
      4311 Springdale Rd, Austin, TX 78723-6048
      View Details
    • Value Estimation
      $310,000
      2,280 SF

      6615 Berkman Dr

      CONVENIENCE STORE • 2,280 SF
      6615 Berkman Dr, Austin, TX 78723-1216
      View Details
    • Value Estimation
      $305,000
      2,720 SF

      4607 Loyola Ln

      CONVENIENCE STORE • 2,720 SF
      4607 Loyola Ln, Austin, TX 78723-3900
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,645 SF

      Mueller Blvd Retail Space

      Austin storefront, high visibility
      5025 Mueller Blvd, Austin, TX 78723
      View Details
    • Contact for pricing
      5,000 SF

      Austin Executive Office Space

      Mueller District Retail/Office Opportunity
      3900 Berkman Dr, Austin, TX 78723
      View Details
    • Contact for pricing
      22,191 SF

      Northview Centre II Retail Space

      Des Moines retail space, multiple suites available.
      1808 Aldrich St, Austin, TX 78723
      View Details
    • $3,050,000
      9,150 SF

      Austin Retail Redevelopment Opportunity

      Renovated retail building on a large lot near Mueller District.
      1804 Briarcliff Blvd, Austin, TX 78723
      View Details
    • Contact for pricing
      2,992 SF

      Retail Property in High Traffic Area

      Retail property with high traffic location in Austin, Texas.
      5606 Manor Rd, Austin, TX 78723
      View Details
    • $1,100,000
      1,451 SF

      Austin Executive Office Building

      Prime Austin location, 1,451 SF office.
      1302 51St St, Austin, TX 78723
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      1403 Braes Ridge Dr, Austin, TX 78723
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Growing Area

      Retail space with great visibility near restaurants and multifamily.
      3110-3128 Manor Rd, Austin, TX 78723
      View Details
    • Contact for pricing
      1,419 SF

      Retail Space in Mueller

      Retail space for lease in a mixed-use development.
      4600 Mueller Blvd, Austin, TX 78723
      View Details
    • Contact for pricing
      3,450 SF

      Retail Space in Windsor Community

      Mixed-use project in North Austin, delivering mid 2024.
      5831 Berkman Dr, Austin, TX 78723
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space in Mixed-Use Project

      Retail spaces available in mixed-use project near Mueller District.
      5811 Berkman Dr, Austin, TX 78723
      View Details
    • Contact for pricing
      1,745 SF

      Retail Space in Mixed-Use Project

      Retail space suitable for restaurants, fitness, medical, and retail.
      5835 Berkman Dr, Austin, TX 78723
      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.
    2157 Gaston Pl Dr
    Austin, TX 78723-2004
    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.