Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    3021 12Th St Austin, TX 78702

    • Commercial real estate
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2903577
    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

    • Commercial real estate

    Property Details for 3021 12Th St

    Lot size
    0.55 lot acres
    Property type
    Commercial real estate
    APN
    0209140206

    Description

    This exceptional 0.55-acre commercial land parcel, located at 3021 E 12th St in Austin, Texas (zip code 78702, Travis County), presents a unique investment opportunity. Zoned CS-MU-V-CO-NP, this property offers significant potential for various commercial developments. Its prime location provides convenient access to major thoroughfares, including proximity to I-35, US-183, TX-71, and Mopac Expy, ensuring excellent connectivity. The site benefits from its close proximity to Austin's vibrant entertainment and retail districts, including the East 6th District, Austin-Bergstrom International Airport (ABIA), the University of Texas, Downtown Austin, and the SOCO District, all within a short driving distance. The property is currently vacant and boasts a low tax rate of 1.809%. Served by Austin ISD, including Oak Springs Elementary, Kealing Middle, and Eastside Early College High schools, this location offers a compelling blend of accessibility, desirability, and growth potential within a thriving Austin market. The property's APN is 0209140206. This is an ideal site for developers seeking to capitalize on Austin's robust economic expansion and burgeoning population.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.702375157054
    Latitude
    30.276042205712

    Comparable in this City

    • Contact for pricing

      Prime Land with Billboard Revenue

      Land with utilities, billboard income, and development potential.
      502 Springdale Rd, Austin, TX 78702
      View Details
    • $225,000

      East Austin Corner Lot Opportunity

      Condo lot in 78702, build up to 1962 sqft.
      1710 Singleton Ave, Austin, TX 78702
      View Details
    • Contact for pricing

      Austin Land Opportunity

      Land available in Austin, Texas.
      3019 E 12Th St, Austin, TX 78702
      View Details
    • $895,000

      Land for Sale in Austin

      Land available for sale in Austin, Texas.
      1212 Taylor St, Austin, TX 78702
      View Details
    • Contact for pricing

      Land in Growing Austin Area

      Land in Austin, a city with significant housing and millionaire growth.
      3021 E 12Th St, Austin, TX 78702
      View Details
    • $375,000

      Land Near University and Downtown

      Land in 78702, close to University and downtown Austin.
      1302 Walnut Ave, Austin, TX 78702
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land in Growing Austin Area

      Land in Austin, a city with significant housing and millionaire growth.
      3021 E 12Th St, Austin, TX 78702
      View Details
    • $1,200,000

      Prime Commercial Land in Austin

      Premier property in vibrant Austin corridor, ideal for development.
      1006 E Cesar Chavez St, Austin, TX 78702
      View Details
    • $375,000

      Land Near University and Downtown

      Land in 78702, close to University and downtown Austin.
      1302 Walnut Ave, Austin, TX 78702
      View Details
    • $495,000

      Land For Sale

      Commercial land available for sale.
      2907 E Martin Luther King Jr Blvd, Austin, TX 78702
      View Details
    • Contact for pricing

      Land Near Lady Bird Lake

      Land suitable for development in the Bouldin Creek neighborhood.
      2421 S 5Th St, Austin, TX 78702
      View Details
    • $1,300,000
      0.14 Acres

      Austin Commercial Land - King Blvd

      Prime Austin development site, 6,216 sq ft.
      1800 Martin Luther King Jr Blvd, Austin, TX 78702
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      2.12 Acres of Land Available

      Two tracts of land totaling 2.12 acres for rent.
      3800 Airport Blvd, Austin, TX 78702
      View Details
    • Contact for pricing

      Prime Location Commercial Land

      Convenient location near downtown Austin and major landmarks.
      1405 Rosewood Ave, Austin, TX 78702
      View Details
    • $47 SF/Yr
      93,000 SF

      T3 Austin Eastside Executive Suites

      Premium East Austin Office Space Available
      1211 4Th St, Austin, TX 78702
      View Details
    • $36 SF/Yr
      1,051 SF

      1601 Cesar Chavez St

      Office space
      1601 Cesar Chavez St, Austin, TX 78702
      View Details
    • Contact for pricing
      72,904 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
      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
    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.
    3021 12Th St
    Austin, TX 78702
    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.