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Property profile & analytics
OFF-MARKET
Bars & Pubs
3808 Congress Ave Austin, TX 78704-7218
Entity Owned
3-yr Hold
Free & Clear
Property ID
US82-1541940
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1942
Construction
WOOD FRAME
Total area
1,904 SF
Lot
0.16 ac (7,100 SF)
APN
408040312
UPID
US82-1541940
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
-
The 04 Lounge Bar & Pub
-
The Biscuit Hut Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ut Land Company Ltd · 3 yrs held
Ut Land Company Ltd
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax billed
$9,801
Tax year 2022
Assessed value
$830,374
Assessed 2023
Previous assessed
$830,374
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$781,220
Assessed improvement
$49,154
Land market value
$781,220
Improvement market value
$49,154
Total market value
$830,374
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1942
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
1,904 SF
Lot
0.16 ac (7,100 SF)
APN
408040312
UPID
US82-1541940
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
Building & site characteristics
From public records
Year built
1942
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Ut Land Company Ltd
Entity
Free & Clear · 3 yrs held
Mailing address
2303 RIO GRANDE ST, AUSTIN, TX 78705-5131
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
—
Ut Land Company Ltd
James E Pierce
Venders Lien
—
Dec 1, 2021
—
Toni Chovanetz
James E Pierce
Transfer On Death Deed
—
Nov 29, 2021
—
James E Pierce
Toni Chovanetz
Intrafamily Transfer
related
—
Sep 28, 2021
—
Toni Chovanetz
James E Pierce
Warranty Deed
—
May 1, 2020
—
James E Pierce
Nadine M Pierce
Quit Claim Deed
related
—
Nov 3, 2009
—
James E Pierce
Pierce,nadine M
Quit Claim Deed
related
—
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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