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    2215 Anderson Ln Austin, TX 78752
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    Property profile & analytics

    2215 Anderson Ln Austin, TX 78752

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    • Commercial real estate
    Off-Market
    Property ID
    US83-3432491
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2215 Anderson Ln

    Property type
    Commercial real estate

    Description

    This exceptional 1.98-acre commercial land parcel, located at 2215 E Anderson Ln in Austin, Texas, presents a compelling investment opportunity. The property boasts a substantial 86,536 square feet and is zoned GR-NP (General Retail – Neighborhood Plan), allowing for a variety of commercial or mixed-use developments. An existing foundation is in place, suitable for potential uses such as manufactured homes or a car dealership. Situated in Austin's northeastern corridor, this site benefits from exceptional visibility and accessibility. High daily traffic counts are projected at approximately 61,000 vehicles from Highway 290 and 21,000 from Highway 183, further enhanced by convenient access to I-35. The property's attractive location is complemented by its proximity to Little Walnut Creek, offering a unique blend of commercial potential and natural surroundings. The asking price for this strategically located land is $1,499,000. The property is owned by Rice Capital LLC Series 25. This prime location and flexible zoning make this an ideal investment for discerning buyers seeking high-growth potential in a thriving Austin market. The Travis County address is 78752.

    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
    -97.677283158449
    Latitude
    30.327759441691

    Comparable in this City

    • Contact for pricing

      Prime Commercial Land Opportunity

      3.58 acres of commercial land with development potential.
      1517 E Anderson Ln, Austin, TX 78752
      View Details
    • $425,000
      0.28 Acres

      Austin Land in St. Johns

      Prime lot in St. Johns neighborhood, ideal for development.
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      86,910 SF

      Executive Office Building, Austin

      86,910 SF Office, Austin, TX
      1200 Anderson Ln, Austin, TX 78752
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      4,320 SF

      Retail Space in Growing Neighborhood

      Retail space with high visibility in a growing Austin neighborhood.
      7107 Guadalupe St, Austin, TX 78752
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    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Land Opportunity

      3.58 acres of commercial land with development potential.
      1517 E Anderson Ln, Austin, TX 78752
      View Details
    • $425,000
      0.28 Acres

      Austin Land in St. Johns

      Prime lot in St. Johns neighborhood, ideal for development.
      7109 Bennett Ave, Austin, TX 78752
      View Details
    • Contact for pricing
      86,910 SF

      Executive Office Building, Austin

      86,910 SF Office, Austin, TX
      1200 Anderson Ln, Austin, TX 78752
      View Details
    • Contact for pricing
      4,320 SF

      Retail Space in Growing Neighborhood

      Retail space with high visibility in a growing Austin neighborhood.
      7107 Guadalupe St, Austin, TX 78752
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 1,400 square feet.
      7600 N Lamar Blvd, Austin, TX 78752
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    • Contact for pricing

      Land in Highland Redevelopment Area

      2.4235-acre land site ideal for multifamily, mixed-use, or office developments.
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    • Contact for pricing

      Half-Acre Lot For Rent

      Half-acre lot suitable for various uses near Crestview Station.
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    • $20 SF/Yr
      1,358 SF

      Adaptable Office Space for Rent

      Versatile office space with atrium views and convenient amenities.
      1033 La Posada Dr, Austin, TX 78752
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    • Contact for pricing
      4,800 SF

      Commercial Space Available For Rent

      4800 sqft commercial space for rent in Austin, TX.
      6719 Shirley Ave, Austin, TX 78752
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    • Contact for pricing

      Central Austin Flexible Office Suite

      Adaptable office space in a convenient Austin location.
      608 Morrow St, Austin, TX 78752
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    Austin, TX 78752
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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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