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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4631 Airport Blvd Austin, TX 78751-3453

    • Strip malls
    • 47,733 SF
    • 3.66 lot acres
    OFF-MARKET
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2828640
    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

    • The Omelettry / Breakfast Restaurant / American Restaurant
    • Domino's Pizza / Pizza Delivery
    • Bella Beauty College / Beauty School
    • Bollywood Dance Central / Dance School
    • Vision Source Austin / Contact Lenses Supplier / Eye Care Center

    Property Details for 4631 Airport Blvd

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    3.66 lot acres
    Property size
    47,733 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    220110401
    APU
    220110401

    Description

    This exceptional retail opportunity is located at 4631 Airport Blvd in Austin, Texas, within the Central submarket of Travis County. The Concorde Center, a Class B property built in 1985, offers a total of 48,244 square feet across 19 suites. Currently, 3,801 square feet of contiguous space is available for lease. The building boasts 208 parking spaces for ample customer convenience. The property enjoys excellent visibility and high traffic counts due to its location on Airport Boulevard, a major thoroughfare. Its strategic position across Interstate 35 from the Mueller Development and south of ACC’s Highland Mall redevelopment ensures significant foot and vehicle traffic. The Concorde Center benefits from strong co-tenancy with established local Austin businesses, including a newly opened In-N-Out Burger, further enhancing its appeal and drawing potential customers. This newly renovated space presents a compelling opportunity for businesses seeking a prime retail location in a thriving Austin neighborhood. The zip code is 78751.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $997,000
      Market price range: $858k - $2.49M

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7152
    Latitude
    30.3061
    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
    $186,330
    $8,777,505
    $795,295
    $9,572,800
    -
    $8,777,505
    $795,295
    $9,572,800

    Comparable in this City

    • Value Estimation
      $445,000
      14,325 SF

      5000 Lamar Blvd, Unit 101

      SHOPPING CENTER, STRIP CENTER • 14,325 SF
      5000 Lamar Blvd, Austin, TX 78751-2318
      View Details
    • Value Estimation
      $355,000
      10,402 SF

      5312 Airport Blvd

      SHOPPING CENTER, STRIP CENTER • 10,402 SF
      5312 Airport Blvd, Austin, TX 78751-2256
      View Details
    • Value Estimation
      $190,000
      4,687 SF

      5610 Lamar Blvd

      SHOPPING CENTER, STRIP CENTER • 4,687 SF
      5610 Lamar Blvd, Austin, TX 78751-1081
      View Details
    • Value Estimation
      $320,000
      2,624 SF

      109 En Loop Blvd

      SHOPPING CENTER, STRIP CENTER • 2,624 SF
      109 En Loop Blvd, Austin, TX 78751
      View Details
    • Value Estimation
      $370,000
      11,242 SF

      408 43rd St

      SHOPPING CENTER, STRIP CENTER • 11,242 SF
      408 43rd St, Austin, TX 78751-3847
      View Details
    • Value Estimation
      $300,000
      5,323 SF

      4212 Duval St

      SHOPPING CENTER, STRIP CENTER • 5,323 SF
      4212 Duval St, Austin, TX 78751
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,201 SF

      Renovated Retail Space Available

      Recently renovated retail project with pylon signage available in Austin.
      5312 Airport Blvd, Austin, TX 78751
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    • $1,267,000

      Retail Property on Lamar Boulevard

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      North Austin Commercial Property

      Versatile commercial property in North Austin with high visibility.
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      Austin Multifamily Redevelopment Opportunity

      Prime Austin location, high ROI potential.
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      Mueller Development Land Opportunity

      Development land in the heart of the Mueller Master Development.
      1601 E 51St St, Austin, TX 78751
      View Details
    • $1,100,000

      Austin Specialty Property For Sale

      Specialty property available for purchase in Austin, Texas.
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    Similar Nearby for Lease

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      1,760 SF

      Retail Space with Natural Grocers

      Retail spaces available, anchored by Natural Grocers.
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    • $35 SF/Yr
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      Retail Space Near University of Texas

      Retail space for lease near Hyde Park and University of Texas.
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      Austin Commercial Kitchen for Lease

      200 sq ft Ghost Kitchen - Prime Location
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      Retail Space Near UT Campus

      Retail space for lease near the University of Texas campus.
      5210 N Lamar Blvd, Austin, TX 78751
      View Details
    • Contact for pricing
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      Retail Space Near Mueller

      Divisible retail space with high-traffic location near major Austin landmarks.
      4100 E 51St St, Austin, TX 78751
      View Details
    • $14 SF/Yr
      1,164 SF

      Restored School Building with Amenities

      Unique office and retail spaces with modern amenities for lease.
      3908 Avenue B, Austin, TX 78751
      View Details
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    Austin, TX 78751-3453
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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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