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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Commercial real estate
2503 Westlake Dr, Austin, TX 78746-2965
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2509650
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
5,999 SF
Lot
1.68 ac (73,220 SF)
APN
119091901
UPID
US82-2509650
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
Current use
Occupant on record · Public records
-
West Harbour Marina Lake Austin Townhouse Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$980k
Owner & transaction history
Uvalde San Antonio Austin Propertie · 3 yrs held
Uvalde San Antonio Austin Propertie
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$860,000
+36.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$630,000
Current use
AUTO REPAIR, GARAGE
$860,000
Change: +36% · Conversion: Difficult
RESTAURANT
$595,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$163 / SF
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
$72,595
Tax year 2022
Assessed value
$4,190,695
Assessed 2024
Previous assessed
$4,190,695
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$3,661,000
Assessed improvement
$529,695
Land market value
$3,661,000
Improvement market value
$529,695
Total market value
$4,190,695
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
NONE
Stories
1
Total area
5,999 SF
Lot
1.68 ac (73,220 SF)
APN
119091901
UPID
US82-2509650
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$860,000
RESTAURANT
Est. value
$595,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Uvalde San Antonio Austin Propertie
Individual
Free & Clear · 3 yrs held
Mailing address
3201 E WESTLAKE DR, AUSTIN, TX 78746-1903
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
—
Uvalde San Antonio Austin Propertie
Sanjiv Kumar
Warranty Deed
—
Feb 1, 2018
—
West Harbour LLC
G4 Interests LLC
Grant Deed
$3,750,000 · Other Institutional Lenders
Mar 24, 2016
—
Sara Carter
Kit Carson Ltd
Warranty Deed
related
—
Feb 24, 2016
—
Kit Carson Ltd
G4 Interests LLC
Warranty Deed
related
—
Aug 10, 2015
—
G4 Interests LLC
Danlandco Ltd
Warranty Deed
$7,350,000 · Other Institutional Lenders
—
—
West Harbour LLC
—
Deed Of Trust
related
$3,250,000 · Vista Bk
—
—
West Harbour LLC
—
Loan Modification
related
$5,475,000 · Vista Bk
—
—
G4 Interests LLC
—
Loan Modification
related
$3,850,000 · Other Institutional Lenders
—
—
G4 Interests LLC
—
Deed Of Trust
related
$100,000 · Other Institutional Lenders
—
—
G4 Interests LLC
—
Deed Of Trust
related
$100,000 · Greg & Truman Breed
—
—
G4 Interests LLC
—
Deed Of Trust
related
$2,750,000 · Other Institutional Lenders
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.
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