Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2604 Paramount Ave Austin, TX 78704-4748
    Back to Search
    Property profile & analytics

    2604 Paramount Ave, Austin, TX 78704-4748

    View on Map
    • Assisted living facilities
    • 5,572 SF
    • 0.37 lot acres
    Off-Market
    Property ID
    US82-0491790
    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

    • Sasona Cooperative / Housing Cooperative

    Property Details for 2604 Paramount Ave

    Year built
    1951
    Construction
    WOOD FRAME
    Lot size
    0.37 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    401090142
    APU
    401090142

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 23, 2018 — Nasco Properties INC — Deed · related $759k · Capital Impac Partners
    Jul 2, 2004 — Nasco Properties INC Community Hsng Expansion Of Austi Warranty Deed $272k · University/texas Inter-coopera
    Jul 22, 2002 — Community Housing Expansion Buttross,david A Grant Deed $455k · David A Buttross
    Dec 22, 1997 — Paramount Partners Ltd Austin Family House INC Grant Deed $240k · Frost National Bank
    — — Cooperative Dev Foundation — Deed Of Trust · related $23k · Nasco Properties INC
    — — Nasco Properties INC — Deed Of Trust · related $165k · University/tx Inter-cooperativ
    — — Nasco Properties INC — Deed Of Trust · related $165k · University/tx Inter-cooperativ

    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
    -97.781
    Latitude
    30.247
    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
    $20,544
    $1,137,360
    $310,910
    $1,448,270
    -
    $1,137,360
    $310,910
    $1,448,270

    Comparable in this City

    • Value Estimation
      $1,040,000
      8,609 SF

      2610 Interstate 35

      MEDICAL BUILDING
      2610 Interstate 35, Austin, TX 78704-5703
      View Details
    • Value Estimation by Request
      9,255 SF

      2315 Ben White Blvd

      MEDICAL BUILDING
      2315 Ben White Blvd, Austin, TX 78704-7524
      View Details
    • Value Estimation by Request
      75,914 SF

      Ben White Blvd

      Medical Office Space
      0 Ben White Blvd, Austin, TX 78704
      View Details
    • Value Estimation by Request
      10,420 SF

      4005 Menchaca Rd

      Coworking space
      4005 Menchaca Rd, Austin, TX 78704
      View Details
    • Value Estimation
      $2,400,000
      66,794 SF

      330 Ben White Blvd

      MEDICAL CLINIC
      330 Ben White Blvd, Austin, TX 78704-8095
      View Details
    • Value Estimation by Request
      2,595 SF

      1902 Interstate 35

      MEDICAL BUILDING
      1902 Interstate 35, Austin, TX 78704-3628
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      South Lamar Redevelopment Opportunity

      1.78-acre redevelopment opportunity in Austin, Texas.
      1305 W Oltorf St, Austin, TX 78704
      View Details
    • Contact for pricing

      South Lamar Development Opportunity

      Land for luxury apartment or condo development with downtown views.
      2709 S Lamar Blvd, Austin, TX 78704
      View Details
    • Contact for pricing

      Austin Warehouse on Warehouse Row

      Warehouse property located on Warehouse Row in Austin, Texas.
      4001 Warehouse Row, Austin, TX 78704
      View Details
    • Contact for pricing

      Warehouse Row Flex Space

      Flex space available for sale in Austin, Texas.
      3905 Warehouse Row, Austin, TX 78704
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Commercial Space on Oltorf

      Versatile commercial space ideal for office or spa use.
      502 W Oltorf St, Austin, TX 78704
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Austin, Texas.
      3100 S Congress Ave, Austin, TX 78704
      View Details
    • Contact for pricing
      20,890 SF

      Austin Specialty Property for Lease

      20,890 square foot specialty property available for lease.
      500 East Ben White Blvd, Austin, TX 78704
      View Details
    • Contact for pricing
      4,221 SF

      Austin Commercial Property for Rent

      Commercial property available for rent in Austin, Texas.
      321 W Ben White Blvd, Austin, TX 78704
      View Details
    • Contact for pricing

      Luxury Condo in Bouldin Creek

      Modern corner unit with high-end finishes and community amenities.
      2209 S 1St St, Austin, TX 78704
      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.
    2604 Paramount Ave
    Austin, TX 78704-4748
    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

    Thank You for Inquiry
    2604 Paramount Ave, Austin, TX, 78704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!