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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2401 Howard Ln Austin, TX 78728-7620
Entity Owned
12-yr Hold
Free & Clear
Property ID
US83-3523360
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1982
Construction
WOOD FRAME
Total area
2,292 SF
Lot
0.36 ac (15,725 SF)
APN
268180202
UPID
US83-3523360
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pass-a-grille Realty Co · 12 yrs held
Pass-a-grille Realty Co
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,476
Tax year 2022
Assessed value
$412,325
Assessed 2023
Previous assessed
$334,240
+23.4% YoY
Effective rate
1.33%
On assessed value
Assessed land
$125,800
Assessed improvement
$286,525
Land market value
$125,800
Improvement market value
$286,525
Total market value
$412,325
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
2,292 SF
Lot
0.36 ac (15,725 SF)
APN
268180202
UPID
US83-3523360
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1982
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Pass-a-grille Realty Co
Entity
Free & Clear · 12 yrs held
Mailing address
1111 SUMMER ST STE #602, STAMFORD, CT 06905-5368
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2017
—
Pass-a-grille Realty Co
—
Deed
related
$400,000 · Wells Fargo Bk
Oct 15, 2013
—
Pass-a-grille Realty Co
Wells Fargo Bk NA
Grant Deed
—
Aug 6, 2013
—
Fargo Bk NA Wells
Glenn Cleve J
Trustees Deed
related
—
Sep 14, 2007
—
Essar Group LLC
Geralyn Craver
Venders Lien
$412,500 · Wachovia Sba Lending INC
Apr 23, 2001
—
Lester H Craver
Craver,geralyn
Quit Claim Deed
related
$145,000 · American Bank Of Commerce
—
—
Essar Group LLC
—
Deed Of Trust
related
$19,694 · Tax Ease Funding LP
—
—
Essar Group LLC
—
Deed Of Trust
related
$14,463 · Tax Ease Funding LP
—
—
Essar Group LLC
—
Deed Of Trust
related
$7,733 · Tax Ease Funding LP
—
—
Essar Group LLC
—
Deed Of Trust
related
—
—
—
Pass-a-grille Realty Co
—
Deed Of Trust
related
$400,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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