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Property profile & analytics
OFF-MARKET
Estimated value
$4,720,000
Office buildings
3417 Martin Luther King Jr Blvd Austin, TX 78721-1048
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-4674804
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD FRAME
Total area
72,292 SF
Lot
26.31 ac (1,145,976 SF)
APN
212150303
UPID
US82-4674804
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
-
St. James Missionary Baptist Church Church
-
quicktrip Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.72M
Owner & transaction history
St James Missionary Baptist Church · 1 yrs held
St James Missionary Baptist Church
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.6M
+46.3%
Restaurant
$7.2M
+37.6%
Retail stores
$7.0M
+33.8%
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
OFFICE BUILDING
$5,205,000
Current use
COMMERCIAL (GENERAL)
$7,615,000
Change: +46% · Conversion: Easy
RESTAURANT
$7,165,000
Change: +38% · Conversion: Moderate
RETAIL STORES
$6,970,000
Change: +34% · Conversion: Moderate
MEDICAL BUILDING
$5,100,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$4.72M
Range $4.25M – $5.19M · ±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
$65 / 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
$55,229,371
Assessed 2023
Previous assessed
$28,794,850
+91.8% YoY
Assessed land
$34,379,294
Assessed improvement
$20,850,077
Land market value
$34,379,294
Improvement market value
$20,850,077
Total market value
$55,229,371
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD FRAME
Heating
NONE
Stories
2
Bathrooms
1
Total area
72,292 SF
Lot
26.31 ac (1,145,976 SF)
APN
212150303
UPID
US82-4674804
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
OFFICE BUILDING Current
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$7.6M
RESTAURANT
Est. value
$7.2M
RETAIL STORES
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$5.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
WOOD FRAME
Heating
NONE
Stories
2
Bathrooms
1
Lot
26.31 ac
Current owner
From public records · entity-resolved
St James Missionary Baptist Church
Entity
Mailing address
3417 E MARTIN LUTHER KING JR BLVD, AUSTIN, TX 78721-1048
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
—
St James Missionary Baptist Church
—
Deed
related
—
May 22, 2018
—
Bridgewater Custom Homes INC
—
Deed
related
$900,000 · Cre-8 LP
Jun 6, 2012
—
St James Missionary Baptist Ch
—
Deed Of Trust
related
$5,200,000 · University Cu
—
—
St James Missionary Baptist Ch
—
Deed Of Trust
related
$1,000,000 · Bank Of America
—
—
Bridgewater Custom Homes INC
—
Loan Modification
related
$900,000 · Cre-8 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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