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Property profile & analytics
FOR LEASE
Turn key restaurants
309 E 3Rd St Austin, TX 78701
Entity Owned
3-yr Hold
Free & Clear
Property ID
US82-2696692
For Lease
1 / 2
$830,000
309 E 3Rd St, Austin, TX 78701
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2006
Construction
CONCRETE
Total area
17,273 SF
Lot
0.41 ac (17,664 SF)
APN
205021503
UPID
US82-2696692
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ROMA DJ & Entertainment Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Trinity Way LLC · 3 yrs held
Trinity Way LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+25.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$970,000
Current use
MEDICAL BUILDING
$1,220,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$840,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$48 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Assessed value
$20,315,000
Assessed 2023
Previous assessed
$20,315,000
+0.0% YoY
Assessed land
$20,315,000
Land market value
$20,315,000
Total market value
$20,315,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
2006
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Stories
2
Total area
17,273 SF
Lot
0.41 ac (17,664 SF)
APN
205021503
UPID
US82-2696692
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$970,000
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$840,000
RESTAURANT Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Stories
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Trinity Way LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1608 W 5TH ST UNIT #230, AUSTIN, TX 78703-5499
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
—
Trinity Way LLC
Wc 3rd And Trinity LP
Warranty Deed
—
Dec 30, 2011
—
Wc 3rd & Trinity LP
3rd Tri 2001 Ltd
Special Warranty Deed
$3,000,000 · Equity Secured Capital LP
—
—
Wc 3rd
—
Loan Modification
related
$4,040,100 · Equity Secured Capital LP
—
—
Wc 3rd & Trinity LP
—
Loan Modification
related
$625,000 · Independent Bk
—
—
Wc 3rd & Trinity LP
—
Deed Of Trust
related
$5,625,000 · North Star Bk/tx
—
—
Wc 3rd & Trinity LP
—
Loan Modification
related
$4,060,300 · Equity Secured Cap LP
—
—
Wc 3rd & Trinity LP
—
Loan Modification
related
$4,080,600 · Equity Secured Cap LP
—
—
Wc 3rd
—
Loan Modification
related
$4,020,000 · Equity Secured Capital LP
—
—
Wc 3rd
—
Deed Of Trust
related
$4,000,000 · Equity Secured Capital LP
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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