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

    2828 Rio Grande St Austin, TX 78705-3637

    • Turn key restaurants
    • 2,603 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4600089
    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

    • Cabo Bob's Burritos / Burrito Restaurant / Restaurant

    Property Details for 2828 Rio Grande St

    Year built
    1993
    Construction
    WOOD FRAME
    Lot size
    0.30 lot acres
    Property size
    2,603 SF
    Property type
    Turn key restaurants
    APN
    216010907
    APU
    216010907

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $326,000
      Market price range: $189k - $452k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $355,000
      Current use
      AUTO REPAIR, GARAGE
      $375,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $330,000
      Change: -8% Conversion: Moderate
      RETAIL STORES
      $310,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7443
    Latitude
    30.2958
    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
    $24,796
    $1,314,600
    $114,742
    $1,429,342
    -
    $1,314,600
    $114,742
    $1,429,342

    Comparable in this City

    • Value Estimation
      $395,000
      4,019 SF

      2426 Guadalupe St

      RESTAURANT • 4,019 SF
      2426 Guadalupe St, Austin, TX 78705-4809
      View Details
    • Value Estimation
      $345,000
      2,386 SF

      3005 Guadalupe St

      RESTAURANT • 2,386 SF
      3005 Guadalupe St, Austin, TX 78705
      View Details
    • Value Estimation
      $430,000
      6,650 SF

      2232 Guadalupe St

      RESTAURANT • 6,650 SF
      2232 Guadalupe St, Austin, TX 78705
      View Details
    • Value Estimation
      $255,000
      1,872 SF

      2909 Guadalupe St

      RESTAURANT • 1,872 SF
      2909 Guadalupe St, Austin, TX 78705-3721
      View Details
    • Value Estimation
      $230,000
      1,878 SF

      3706 Lamar Blvd

      RESTAURANT • 1,878 SF
      3706 Lamar Blvd, Austin, TX 78705-1120
      View Details
    • Value Estimation
      $290,000
      1,008 SF

      1007 34th St

      RESTAURANT • 1,008 SF
      1007 34th St, Austin, TX 78705-2008
      View Details

    Similar Nearby for Sale

    • $4,500,000
      3,812 SF

      Historic Austin Property with Development Potential

      Historic property in West Campus with development and investment opportunities.
      2404 Rio Grande St, Austin, TX 78705
      View Details
    • Contact for pricing
      2,615 SF

      Guadalupe Street Commercial Property

      Commercial property suitable for retail, office, or restaurant uses.
      3404 Guadalupe St, Austin, TX 78705
      View Details
    • Contact for pricing

      Multifamily Development Site Near UT

      Development site near University of Texas at Austin's downtown campus.
      2103 Nueces St, Austin, TX 78705
      View Details
    • $443,900

      Austin Condo Near UT

      Two-level condo with pool access, near UT and Loop 1.
      2502 Leon St, Austin, TX 78705
      View Details
    • $249,000

      West Campus Condo Near UT

      Two-bedroom, two-bath condo near UT with updated kitchen.
      803 W 28Th St, Austin, TX 78705
      View Details
    • $899,000
      2,486 SF

      Austin Duplex Near University of Texas

      Charming 1930s duplex in central Austin, great investment opportunity.
      3211 Liberty St, Austin, TX 78705
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      Retail Space in Central Austin

      Retail property in central Austin with high-traffic location.
      1601 W 38Th St, Austin, TX 78705
      View Details
    • $3,400 /Mo

      Former Car Dealership Available

      Former used car dealership suitable for a variety of uses.
      3501 N Lamar Blvd, Austin, TX 78705
      View Details
    • Contact for pricing
      10,805 SF

      Retail Space Available For Rent

      Retail property available for lease in Austin, Texas.
      3125 North Lamar Blvd, Austin, TX 78705
      View Details
    • Contact for pricing
      1,659 SF

      Retail Space Near UT Austin

      Retail space in student housing complex near University of Texas.
      2815 Guadalupe St, Austin, TX 78705
      View Details
    • Contact for pricing
      2,970 SF

      Retail Space Available For Lease

      Retail space available for lease in Austin, Texas.
      1301 West 34Th St, Austin, TX 78705
      View Details
    • Contact for pricing
      3,803 SF

      Retail Space Near University Campus

      Retail space with high visibility near the University of Texas.
      2901 Medical Arts St, Austin, TX 78705
      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.
    2828 Rio Grande St
    Austin, TX 78705-3637
    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.