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    321 W Ben White Blvd Austin, TX 78704
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    Property profile & analytics

    321 W Ben White Blvd, Austin, TX 78704

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    • Warehouses
    • 18,000 SF
    • 1.21 lot acres
    For Lease
    $615,000
    View Listing →
    Austin Commercial Property for Rent For Lease
    $615,000
    4,221 SF

    Austin Commercial Property for Rent

    Commercial property available for rent in Austin, Texas.

    321 W Ben White Blvd, Austin, TX 78704
    View Listing
    Property ID
    US82-1757778
    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
    $615,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Annalisa Perez / Physician / Medical Clinic
    • ANTHONY DEMURI / Physician
    • Guns Online Shop / Department Store
    • Emily Brackenridge / Physician
    • Dr. Ashvin Baru / Physician / Medical Clinic

    Property Details for 321 W Ben White Blvd

    Year built
    1977
    Construction
    CONCRETE
    Lot size
    1.21 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    410030211
    APU
    410030211

    Description

    This exceptional retail and restaurant opportunity is located in South Austin's thriving Saint Elmo District, boasting high visibility along Highway 290, a major Texas roadway with a daily traffic count of 149,817 vehicles. The property consists of two buildings totaling 8,105 square feet, currently offering four vacant suites for lease. Individual suite sizes range from a minimum of 1,177 square feet to a maximum contiguous space of 2,472 square feet, providing flexibility for various business needs. The property benefits from premium access via Highway 290 frontage and Radam Lane, ensuring excellent visibility and convenient access for customers. Its strategic location offers close proximity to St. David's Hospital and other medical facilities, further enhancing its appeal to a diverse clientele. Located less than 15 minutes from the Austin-Bergstrom International Airport and only one mile from the intersection of Interstate 35, this property enjoys unparalleled connectivity and accessibility. An existing on-site restaurant and bar adds to the vibrant atmosphere and potential for synergistic businesses. This is a rare opportunity to secure prime retail space in a rapidly growing area of Austin. All 8,105 square feet are currently available. Contact us today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $675,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $552,000
      Market price range: $553k - $1.46M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $915,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.761
    Latitude
    30.22
    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
    $33,260
    $1,684,128
    $104,142
    $1,788,270
    -
    $1,684,128
    $104,142
    $1,788,270

    Comparable in this City

    • Value Estimation
      $2,425,000
      101,766 SF

      1620 Interstate 35

      MINI-WAREHOUSE, STORAGE
      1620 Interstate 35, Austin, TX 78704-3635
      View Details
    • Value Estimation
      $810,000
      21,660 SF

      1409 Oltorf St

      MINI-WAREHOUSE, STORAGE
      1409 Oltorf St, Austin, TX 78704-3337
      View Details
    • Value Estimation
      $1,030,000
      25,520 SF

      2709 Lamar Blvd

      MINI-WAREHOUSE, STORAGE
      2709 Lamar Blvd, Austin, TX 78704-4964
      View Details
    • Value Estimation
      $3,275,000
      42,750 SF

      2701 Congress Ave

      MINI-WAREHOUSE, STORAGE
      2701 Congress Ave, Austin, TX 78704-6413
      View Details
    • Value Estimation
      $845,000
      28,753 SF

      405 Ben White Blvd

      MINI-WAREHOUSE, STORAGE
      405 Ben White Blvd, Austin, TX 78704-7305
      View Details
    • Value Estimation
      $1,530,000
      77,700 SF

      336 Ben White Blvd

      MINI-WAREHOUSE, STORAGE
      336 Ben White Blvd, Austin, TX 78704
      View Details

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      Warehouse Row Flex Space

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      Retail Space For Lease

      Retail space available for lease in Austin, Texas.
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    View Listing
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    Austin, TX 78704
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    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
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