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

    2223 Burton Dr Austin, TX 78741-4126

    • Grocery and convenience stores
    • 4,000 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3016415
    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

    • Latino's Hair Design / Hair Salon
    • Food Spot / Convenience Store
    • Oltorf Taqueria / Taco Restaurant
    • ATM (ATM Link, Inc.) / Atm
    • Discoteca Sanchez / Mexican Goods Store

    Property Details for 2223 Burton Dr

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.42 lot acres
    Property size
    4,000 SF
    Property type
    Grocery and convenience stores
    APN
    307050510
    APU
    307050510

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $431,000
      Market price range: $431k - $811k

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7333
    Latitude
    30.2312
    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
    $12,961
    $330,192
    $449,150
    $779,342
    -
    $330,192
    $449,150
    $779,342

    Comparable in this City

    • Value Estimation
      $380,000
      4,050 SF

      7310 Riverside Dr

      CONVENIENCE STORE • 4,050 SF
      7310 Riverside Dr, Austin, TX 78741-6702
      View Details
    • Value Estimation
      $365,000
      3,337 SF

      2512 Riverside Dr

      CONVENIENCE STORE • 3,337 SF
      2512 Riverside Dr, Austin, TX 78741-3037
      View Details
    • Value Estimation
      $470,000
      1,704 SF

      1919 Pleasant Vly Rd

      CONVENIENCE STORE • 1,704 SF
      1919 Pleasant Vly Rd, Austin, TX 78741-3108
      View Details
    • Value Estimation
      $315,000
      1,340 SF

      1723 Oltorf St

      CONVENIENCE STORE • 1,340 SF
      1723 Oltorf St, Austin, TX 78741-3816
      View Details
    • Value Estimation
      $320,000
      2,952 SF

      2225 Oltorf St

      CONVENIENCE STORE • 2,952 SF
      2225 Oltorf St, Austin, TX 78741-4543
      View Details
    • Value Estimation
      $360,000
      1,056 SF

      2241 Interstate 35

      CONVENIENCE STORE • 1,056 SF
      2241 Interstate 35, Austin, TX 78741-3802
      View Details

    Similar Nearby for Sale

    • $1,950,000
      4,250 SF

      Leased Retail Building For Sale

      Leased retail building in rapidly growing area near Blue Line.
      1700 Montopolis Dr, Austin, TX 78741
      View Details
    • Contact for pricing
      4,200 SF

      Austin Retail/Office Opportunity

      Prime Austin space, for sale or lease. High visibility, modern building.
      1700 Montopolis Dr, Austin, TX 78741
      View Details
    • $355,000

      Catalina Drive Specialty Property

      Specialty property available for sale in Austin, Texas.
      2700 Catalina Dr, Austin, TX 78741
      View Details
    • $679,000

      Austin Specialty Property For Sale

      Specialty property available for purchase in Austin, Texas.
      1202 Loma #A & B Dr, Austin, TX 78741
      View Details
    • $1,650,000

      Land for Sale in Austin

      Land available in Austin, Texas.
      1603 Taylor Gaines St, Austin, TX 78741
      View Details
    • $500,000
      1,676 SF

      Updated Duplex in Austin

      Remodeled Austin duplex with strong rental history and modern upgrades.
      2410 Audubon Pl, Austin, TX 78741
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      9,840 SF

      Renovated Austin Office/Showroom Space

      Renovated office/showroom space with highway visibility, near downtown Austin.
      3100 Alvin Devane Blvd, Austin, TX 78741
      View Details
    • Contact for pricing
      30,224 SF

      Retail Building on Ben White

      30,224-SF retail building in prime Austin location.
      2428 W Ben White Blvd, Austin, TX 78741
      View Details
    • $35 SF/Yr
      2,100 SF

      Austin Retail Space - Shore District

      Prime Austin retail space, 2100 sq ft.
      1333 Shore District Dr, Austin, TX 78741
      View Details
    • Contact for pricing
      52,037 SF

      Austin Executive Office Space

      Prime Austin location, multiple suites available.
      2028 Ben White Blvd, Austin, TX 78741
      View Details
    • $29 SF/Yr
      108,300 SF

      Versatile Space with Unique Amenities

      Adaptable commercial space featuring a gym, kitchen, and auditorium.
      5900 Ben White Blvd, Austin, TX 78741
      View Details
    • $1,095 /Mo
      2,312 SF

      Remodeled One Bedroom in Austin

      Remodeled 1 bedroom in South Austin with updated kitchen.
      2717 Parker Ln, Austin, TX 78741
      View Details

    Property Visit Statistics

    • Visits by month
      8.7k
    • Visitors by month
      6.2k
    • Avg Time on site
      16 min
    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.
    2223 Burton Dr
    Austin, TX 78741-4126
    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.