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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2621 Jones Rd Austin, TX 78745-2681

    • Strip malls
    • 3,200 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4207270
    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

    • Hair Envy Salon / Hair Salon / Beauty Salon
    • Envy BlowDry Bar Salon & Barbershop / Hair Salon
    • Hookah Catering by Aura Hookah Lounge / Caterer
    • Aura Hookah Lounge & Cafe / Hookah Bar
    • J&M Insurance Services PLLC / Insurance Agency

    Property Details for 2621 Jones Rd

    Year built
    1970
    Lot size
    0.37 lot acres
    Property size
    3,200 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    410131204
    APU
    410131204

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $470,000
      AUTO REPAIR, GARAGE
      $460,000
      COMMERCIAL (GENERAL)
      $370,000
      RETAIL STORES
      $250,000
      MEDICAL BUILDING
      $225,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8032
    Latitude
    30.2248
    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
    $9,045
    $320,000
    $140,000
    $460,000
    -
    $320,000
    $140,000
    $460,000

    Comparable in this City

    • Value Estimation
      $990,000
      43,393 SF

      5700 Menchaca Rd

      SHOPPING CENTER, STRIP CENTER • 43,393 SF
      5700 Menchaca Rd, Austin, TX 78745-3679
      View Details
    • Value Estimation
      $650,000
      53,940 SF

      502 William Cannon Dr

      SHOPPING CENTER, STRIP CENTER • 53,940 SF
      502 William Cannon Dr, Austin, TX 78745-5878
      View Details
    • Value Estimation
      $70,000
      19,175 SF

      5500 Interstate 35

      SHOPPING CENTER, STRIP CENTER • 19,175 SF
      5500 Interstate 35, Austin, TX 78745
      View Details
    • Value Estimation
      $390,000
      4,200 SF

      4619 Congress Ave

      SHOPPING CENTER, STRIP CENTER • 4,200 SF
      4619 Congress Ave, Austin, TX 78745-2380
      View Details
    • Value Estimation
      $375,000
      6,528 SF

      7811 1st St

      SHOPPING CENTER, STRIP CENTER • 6,528 SF
      7811 1st St, Austin, TX 78745-6507
      View Details
    • Value Estimation
      $210,000
      4,000 SF

      611 Stassney Ln

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      611 Stassney Ln, Austin, TX 78745-3148
      View Details

    Similar Nearby for Sale

    • $3,200,000
      6,054 SF

      Retail Property Near Central Market

      Retail property with long-term tenants and high visibility.
      4526 W Gate Blvd, Austin, TX 78745
      View Details
    • $594,999
      1,256 SF

      Public Lofts Storefront - Austin

      South Congress Retail Gem, 1256 SF
      4361 Congress Ave, Austin, TX 78745
      View Details
    • $4,433,685
      5,600 SF

      Austin 7-Eleven Net Lease Investment

      High-performing 7-Eleven, Austin, TX. Strong lease terms.
      105 Stassney Ln, Austin, TX 78745
      View Details
    • $5,995,000
      16,551 SF

      Austin Retail Investment Opportunity

      High-Income Retail Property, 16,551 SF
      4900 1St St, Austin, TX 78745
      View Details
    • $685,000

      Stunning Loft with Expansive Terrace

      2BD/2BA loft in St. Elmo Arts District with terrace.
      4315 S Congress Ave, Austin, TX 78745
      View Details
    • $1,145,000
      64,469.00 Acres

      South Austin Development Land

      64-acre lot, 20-unit potential
      911 Dittmar Rd, Austin, TX 78745
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,133 SF

      Infill Retail Opportunity on Corner

      Retail space available on a high-traffic corner location.
      4014 W William Cannon Dr, Austin, TX 78745
      View Details
    • Contact for pricing
      207,358 SF

      Century South Retail Space Available

      High-traffic retail space in Austin, TX
      801 William Cannon Dr, Austin, TX 78745
      View Details
    • Contact for pricing
      6,000 SF

      Austin Retail Space For Lease

      Retail space available in southwest Austin shopping corridor.
      5207 Brodie Ln, Austin, TX 78745
      View Details
    • Contact for pricing
      3,900 SF

      Retail Space in Sunset Valley

      Retail space available in Sunset Valley shopping center.
      5601 Brodie Ln, Sunset Valley, TX 78745
      View Details
    • Contact for pricing
      988 SF

      South Austin Retail Space Available

      Retail and restaurant spaces available in South Austin shopping center.
      1901 W William Cannon Dr, Austin, TX 78745
      View Details
    • Contact for pricing
      9,975 SF

      South Austin Retail Space Available

      Retail space in a rapidly changing South Austin neighborhood.
      730 W Stassney Ln, Austin, TX 78745
      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.
    2621 Jones Rd
    Austin, TX 78745-2681
    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.