Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4708 Martin Luther King Jr Blvd Austin, TX 78721-1632
    Back to Search
    Property profile & analytics

    4708 Martin Luther King Jr Blvd, Austin, TX 78721-1632

    View on Map
    • Warehouses
    • 52,316 SF
    • 2.36 lot acres
    Off-Market
    Property ID
    US82-5504305
    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
    $1,230,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Austin Police Department Evidence / Government Office

    Property Details for 4708 Martin Luther King Jr Blvd

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    2.36 lot acres
    Property type
    Warehouses
    APN
    213220419
    APU
    213220419

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 29, 2009 — City Of Austin Er Hldgs LLC Grant Deed —
    Feb 22, 2008 — Er Holdings LLC Plainscapital Bank Grant Deed $2.2M · First National Bank
    Jul 18, 2007 $2,750,000 Plainscapital Bank Phelps,ronald C Trustees Deed · related —
    Jun 16, 2003 — Sterling 4405 Spdale LP Sterling Mlk LP Quit Claim Deed · related —
    Jul 23, 2001 — Sgerling Mlk LP Sterling Reit INC Grant Deed $1.8M · First State Bank Central Texas

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6802
    Latitude
    30.2868
    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
    $0.00
    $2,054,280
    $8,669,759
    $10,724,039
    -
    $2,054,280
    $8,669,759
    $10,724,039

    Comparable in this City

    • Value Estimation by Request
      520 SF

      6504 Wilcab Rd

      Distribution properties
      6504 Wilcab Rd, Austin, TX 78721
      View Details
    • Value Estimation by Request
      3,600 SF

      5710 Martin Luther King Jr Blvd

      WAREHOUSE, STORAGE
      5710 Martin Luther King Jr Blvd, Austin, TX 78721-1721
      View Details
    • Value Estimation
      $775,000
      35,093 SF

      1300 Smith Rd

      WAREHOUSE, STORAGE
      1300 Smith Rd, Austin, TX 78721-3565
      View Details
    • Value Estimation by Request
      42,330 SF

      6001 Wilcab Rd

      Life science properties
      6001 Wilcab Rd, Austin, TX 78721
      View Details
    • Value Estimation by Request
      20,000 SF

      6014 Techni Ctr Dr

      WAREHOUSE, STORAGE
      6014 Techni Ctr Dr, Austin, TX 78721-2349
      View Details
    • Value Estimation by Request
      5,900 SF

      3208 Martin Luther King Jr Blvd

      WAREHOUSE, STORAGE
      3208 Martin Luther King Jr Blvd, Austin, TX 78721-1043
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,012 SF

      Redeveloped C-Store on Hard Corner

      Redeveloped C-Store with new fuel tanks and pumps.
      4611 E Martin Luther King Jr Blvd, Austin, TX 78721
      View Details
    • $1,875,000

      New Austin Triplex Investment Opportunity

      Brand new triplex near East Austin's vibrant amenities.
      1732 Bunche Rd, Austin, TX 78721
      View Details
    • Contact for pricing
      19,798 SF

      East Austin Development Opportunity

      1.1-acre development site in East Austin's opportunity zone.
      3313 Oak Springs Dr, Austin, TX 78721
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      East Austin Industrial Space Available

      Industrial space for lease in East Austin, ranging from 12,000-24,000 SF.
      800 Interchange Blvd, Austin, TX 78721
      View Details
    • Contact for pricing
      11,566 SF

      Austin Flex Space For Rent

      Flex space with warehouse and office components available for lease.
      5811 Techni Center Dr, Austin, TX 78721
      View Details
    • Contact for pricing
      29,850 SF

      Warehouse with Dock High Doors

      9,950 SF warehouse space featuring multiple dock doors.
      6013 Techni Center Dr, Austin, TX 78721
      View Details
    • Contact for pricing
      6,640 SF

      Warehouse Space Near Highway 183

      Warehouse space with highway access, near downtown Austin.
      6001 Techni Center Dr, Austin, TX 78721
      View Details
    • Contact for pricing
      9,541 SF

      Warehouse Space Available For Rent

      9,541 square foot warehouse space available for rent.
      5910 Techni Center Dr, Austin, TX 78721
      View Details
    • Contact for pricing
      13,996 SF

      Warehouse Space on 3.15 Acres

      Warehouse space for rent in prime location, ample parking.
      1811 Airport Blvd, Austin, TX 78721
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4708 Martin Luther King Jr Blvd
    Austin, TX 78721-1632
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4708 Martin Luther King Jr Blvd, Austin, TX, 78721
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!