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    Property profile & analytics

    4477 Lamar Blvd Austin, TX 78745-1579

    • Grocery and convenience stores
    • 122,804 SF
    • 24.79 lot acres
    OFF-MARKET
    Value Estimations
    $15,850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4442927
    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

    • Bath & Body Works / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Flow Yoga - Westgate Austin / Gym & Fitness Center
    • Figura Medspa / Spa & Massage Center / Alternative Medicine Practice
    • Great Clips / Hair Salon / Nail Salon
    • Liz Fish @ The Fish Bowl / Hair Salon / Nail Salon

    Property Details for 4477 Lamar Blvd

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    24.79 lot acres
    Property size
    122,804 SF
    Property type
    Grocery and convenience stores
    APN
    408130501
    APU
    408130501

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,254,000
      Market price range: $2.80M - $17.6M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $9,610,000
      Current use
      OFFICE BUILDING
      $18,080,000
      Change: +88% Conversion: Easy
      AUTO REPAIR, GARAGE
      $17,610,000
      Change: +83% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $14,205,000
      Change: +48% Conversion: Easy
      RESTAURANT
      $11,405,000
      Change: +19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7988
    Latitude
    30.2308
    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
    $758,026
    $26,994,100
    $9,892,628
    $36,886,728
    -
    $26,994,100
    $9,892,628
    $36,886,728

    Comparable in this City

    • Value Estimation
      $2,465,000
      82,792 SF

      6900 Brodie Ln

      GROCERY, SUPERMARKET • 82,792 SF
      6900 Brodie Ln, Austin, TX 78745-5008
      View Details
    • Value Estimation
      $860,000
      5,292 SF

      5607 Congress Ave

      CONVENIENCE STORE • 5,292 SF
      5607 Congress Ave, Austin, TX 78745-3152
      View Details
    • Value Estimation by Request
      2,088 SF

      6400 Congress Ave

      CONVENIENCE STORE • 2,088 SF
      6400 Congress Ave, Austin, TX 78745-4529
      View Details
    • Value Estimation by Request
      2,035 SF

      Interstate Hy 35

      CONVENIENCE STORE • 2,035 SF
      Interstate Hy 35, Austin, TX 78745
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    • Value Estimation by Request
      3,136 SF

      1405 William Cannon Dr

      CONVENIENCE STORE • 3,136 SF
      1405 William Cannon Dr, Austin, TX 78745-3703
      View Details
    • Value Estimation by Request
      3,400 SF

      5800 Congress Ave

      CONVENIENCE STORE • 3,400 SF
      5800 Congress Ave, Austin, TX 78745-4131
      View Details

    Similar Nearby for Sale

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    • $475,000
      962 SF

      Adaptable South Congress Commercial Space

      High-visibility live/work space ideal for retail or creative office.
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      South Congress Retail Opportunity

      Retail space on South Congress near new developments.
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      South Austin Live/Work Space

      Live/work space in South Austin near St. Elmo.
      4361 S Congress Ave, Austin, TX 78745
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    Similar Nearby for Lease

    • $27 SF/Yr
      3,405 SF

      Austin Office/Retail Space Available

      High-end, modern office space in prime South Austin location.
      5621 Emerald Forest Dr, Austin, TX 78745
      View Details
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      3,785 SF

      Retail Space with Grease Trap

      Retail space with grease trap, divisible, easy highway access.
      2100 W William Cannon Dr, Austin, TX 78745
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      2,634 SF

      Retail Space on South Congress

      Retail space available in developing Austin urban area.
      4930 S Congress Ave, Austin, TX 78745
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      4,000 SF

      Austin Retail Space For Lease

      Retail space available in southwest Austin shopping corridor.
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      1,636 SF

      South Austin Flex Space

      Prime flex/office space in South Austin retail center.
      8400 Brodie Ln, Austin, TX 78745
      View Details
    • Contact for pricing
      6,759 SF

      Retail Space on Stassney Lane

      Second-generation retail space with high visibility on Stassney Lane.
      501 W Stassney Ln, Austin, TX 78745
      View Details

    Property Visit Statistics

    • Visits by month
      2.9k
    • Visitors by month
      3.0k
    • Avg Time on site
      46 min
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    4477 Lamar Blvd
    Austin, TX 78745-1579
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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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