Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2931 12th St, Unit 100 Austin, TX 78702-2415
    Back to Search
    Property profile & analytics

    2931 12th St, Unit 100 Austin, TX 78702-2415

    View on Map
    • Industrial properties
    • 640 SF
    • 0.02 lot acres
    Off-Market
    Last Sale Jun 10, 2020
    Property ID
    US82-3452903
    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

    • East End Flats / Condominium Complex / Real Estate Agency
    • Dog's Zen - Paw S'paw / Pet Grooming Service
    • Verde Builders Custom Homes / Construction Company / General Contractor
    • KZ Audio Video / Electronics & Wireless Store
    • MJC GROUP / Construction Company / General Contractor

    Property Details for 2931 12th St

    Year built
    2008
    Lot size
    0.02 lot acres
    Property size
    640 SF
    Property type
    Industrial properties
    APN
    209140702
    APU
    209140702

    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
    -97.7051
    Latitude
    30.2757
    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
    $5,237
    $49,506
    $255,930
    $305,436
    -
    $49,506
    $255,930
    $305,436

    Comparable in this City

    • Value Estimation by Request
      2.24 Acres

      2200 6th St

      INDUSTRIAL (GENERAL) • 2.24 Acres
      2200 6th St, Austin, TX 78702-3457
      View Details
    • Value Estimation by Request
      1.31 Acres

      755 Springdale Rdrd

      INDUSTRIAL (GENERAL) • 1.31 Acres
      755 Springdale Rdrd, Austin, TX 78702-4039
      View Details
    • Value Estimation
      $6,150,000
      47,642 SF

      21 Waller St, Unit A1-B

      INDUSTRIAL (GENERAL) • 47,642 SF
      21 Waller St, Austin, TX 78702-5240
      View Details
    • Value Estimation by Request
      721 SF

      1111 11th St Ste, Unit 100

      INDUSTRIAL (GENERAL) • 721 SF
      1111 11th St Ste, Austin, TX 78702-1965
      View Details
    • Value Estimation by Request
      520 SF

      1200 11th St Ste, Unit 101

      INDUSTRIAL (GENERAL) • 520 SF
      1200 11th St Ste, Austin, TX 78702-1903
      View Details
    • Value Estimation by Request
      848 SF

      1111 11th St, Unit 6

      INDUSTRIAL (GENERAL) • 848 SF
      1111 11th St, Austin, TX 78702-1962
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,269 SF

      East Austin Retail/Flex Building

      Stand-alone retail/flex building in prime East Austin location.
      4300 Airport Blvd, Austin, TX 78702
      View Details
    • $4,200,000

      East Austin Commercial Property

      Versatile commercial property near US-183 corridor in East Austin.
      5225 E Cesar Chavez St, Austin, TX 78702
      View Details
    • Contact for pricing
      738 SF

      Prime Austin Office Space - 78702

      738 SF Office, High Visibility, Abundant Parking
      2401 E 6th St, Austin, TX 78702
      View Details
    • Contact for pricing
      7,760 SF

      Luxury Townhomes in East Austin

      Four luxury townhomes in East Austin's growing Springdale corridor.
      3528 Gonzales St, Austin, TX 78702
      View Details
    • Contact for pricing
      1,051 SF

      East Austin Creative Mixed-Use Loft

      Versatile creative space in vibrant East Austin, perfect for businesses.
      1601 E Cesar Chavez St, Austin, TX 78702
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Opportunity

      8,000 SqFt industrial space available for single tenant use.
      2900 Oak Springs Dr, Austin, TX 78702
      View Details
    • Contact for pricing
      30,000 SF

      East Austin Warehouse/Flex Opportunity

      30,000 SF building on 2.79 acres in East Austin.
      500 Shady Ln, Austin, TX 78702
      View Details
    • Contact for pricing
      90,896 SF

      Austin Warehouse with Oversized Ramp

      72,904 SF warehouse featuring an oversized ramp.
      4500 S Pleasant Valley Rd, Austin, TX 78702
      View Details
    • Contact for pricing
      5,096 SF

      Industrial Space Available For Sublease

      Industrial space available for sublease in Austin, Texas.
      4704 E Cesar Chavez St, Austin, TX 78702
      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.
    2931 12th St, Unit 100
    Austin, TX 78702-2415
    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
    2931 12th St, Austin, TX, 78702
    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!