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

    2175 Innovation Blvd Hutto, TX 78634-3476

    • Commercial real estate
    • 576 SF
    • 1.80 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7712162
    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

    • Commercial real estate

    Property Details for 2175 Innovation Blvd

    Lot size
    1.80 lot acres
    Property size
    576 SF
    Property type
    Commercial real estate
    APN
    R-14-1025-000A-0003
    APU
    R141025000A0003

    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
    Hutto
    County
    Williamson
    State
    Texas
    Longitude
    -97.5717
    Latitude
    30.5476
    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
    2023
    $10,715
    $495,539
    $0.00
    $495,539
    -
    $495,539
    $0.00
    $495,539

    Comparable in this City

    • Value Estimation by Request
      43.41 Acres

      Cele Rd

      COMMERCIAL (GENERAL) • 43.41 Acres
      Cele Rd, Hutto, TX 78634
      View Details
    • Value Estimation by Request
      41.70 Acres

      1600 Innovation Blvd

      COMMERCIAL (GENERAL) • 41.70 Acres
      1600 Innovation Blvd, Hutto, TX 78634-3518
      View Details
    • Value Estimation by Request
      0.49 Acres

      401 Tradesmens Park Dr

      COMMERCIAL (GENERAL) • 0.49 Acres
      401 Tradesmens Park Dr, Hutto, TX 78634-4022
      View Details
    • Value Estimation
      $1,225,000
      8,820 SF

      108 Cr

      COMMERCIAL (GENERAL) • 8,820 SF
      108 Cr, Hutto, TX 78634-3468
      View Details
    • Value Estimation
      $3,345,000
      109,536 SF

      244 Benelli Dr

      COMMERCIAL (GENERAL) • 109,536 SF
      244 Benelli Dr, Hutto, TX 78634-2071
      View Details
    • Value Estimation
      $3,600,000
      101,330 SF

      1149 New Technology Blvd

      COMMERCIAL (GENERAL) • 101,330 SF
      1149 New Technology Blvd, Hutto, TX 78634-2226
      View Details

    Similar Nearby for Sale

    • $262,000
      0.18 Acres

      Hutto Commercial Lot - Old Town

      Prime .18-acre commercial lot in Hutto's Old Town. High development potential.
      202 Main St, Hutto, TX 78634
      View Details
    • $1,998,000
      4.64 Acres

      Hutto Commercial Land Opportunity

      Prime 4.64-Acre Corner Lot, High Growth Area
      00 County Road 133, Hutto, TX 78634
      View Details
    • $5,400,000
      11.24 Acres

      Hutto Commercial Land: 11 Acres

      Prime 11-acre commercial lot, unrestricted zoning.
      0 Chris Kelley Blvd, Hutto, TX 78634
      View Details
    • $1,450,000
      1.60 Acres

      Hutto Commercial Land - 1.6 Acres

      Prime Hutto commercial/industrial land. Excellent investment opportunity.
      801 Ed Schmidt Blvd, Hutto, TX 78634
      View Details
    • Contact for pricing
      43.16 Acres

      Hutto, TX - 43 Acres Development Land

      Prime Commercial/Residential Land, High Visibility
      0 State Hwy 130 & Chandler Rd, Hutto, TX 78634
      View Details
    • $2,178,000
      5.00 Acres

      Hutto Commercial Land - 5 Acres

      Prime Hutto location, 5 acres, development potential.
      0 County Road 119, Hutto, TX 78634
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      17,200 SF

      Hutto Flex Space: 3,050 SF Available

      Modern Flex Space in Hutto, TX. Ideal for various businesses.
      636 Front St, Hutto, TX 78634
      View Details
    • Contact for pricing
      2,532 SF

      Retail Space Near SH 130

      Retail space available in HEB anchored development with high visibility.
      2260 Muirfield Bend Dr, Hutto, TX 78634
      View Details
    • $12 SF/Yr
      6,032 SF

      Hutto Flex Space For Rent

      Flex space available for lease near US HWY 79.
      302 Tradesmens Park Dr, Hutto, TX 78634
      View Details
    • $18 SF/Yr

      Updated Historic Hutto Corner Property

      Updated historic property in the heart of Hutto, Texas.
      101 East St, Hutto, TX 78634
      View Details
    • $26 SF/Yr
      1,018 SF

      Charming Office Space with Yard

      Office space with kitchen, bathroom, storage, and fenced yard.
      Hutto, TX 78634
      View Details
    • Contact for pricing
      2,000 SF

      Hutto Executive Office Space Available

      Prime Hutto Office: 2,000 SF, Single Tenant
      401 Exchange Blvd, Hutto, TX 78634
      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.
    2175 Innovation Blvd
    Hutto, TX 78634-3476
    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.