Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4917 Airport Blvd Austin, TX 78751-2720

    • Turn key restaurants
    • 2,072 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Nov 20, 2023
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2532631
    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

    • Turn key restaurants

    Property Details for 4917 Airport Blvd

    Year built
    1962
    Construction
    CONCRETE
    Lot size
    0.18 lot acres
    Property size
    2,072 SF
    Property type
    Turn key restaurants
    APN
    222111803
    APU
    222111803

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $205,000
      Current use
      AUTO REPAIR, GARAGE
      $295,000
      Change: +45% Conversion: Difficult
      OFFICE BUILDING
      $270,000
      Change: +31% Conversion: Moderate
      RETAIL STORES
      $260,000
      Change: +26% Conversion: Easy
      COMMERCIAL (GENERAL)
      $220,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7152
    Latitude
    30.3108
    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
    $15,686
    $554,820
    $297,284
    $852,104
    -
    $554,820
    $297,284
    $852,104

    Comparable in this City

    • Value Estimation
      $230,000
      2,675 SF

      5700 Interstate 35

      RESTAURANT • 2,675 SF
      5700 Interstate 35, Austin, TX 78751-1501
      View Details
    • Value Estimation
      $295,000
      1,300 SF

      306 53rd St

      RESTAURANT • 1,300 SF
      306 53rd St, Austin, TX 78751-2014
      View Details
    • Value Estimation
      $300,000
      5,854 SF

      5420 Airport Blvd

      RESTAURANT • 5,854 SF
      5420 Airport Blvd, Austin, TX 78751-1409
      View Details
    • Value Estimation
      $305,000
      2,298 SF

      5201 Airport Blvd

      RESTAURANT • 2,298 SF
      5201 Airport Blvd, Austin, TX 78751-2218
      View Details
    • Value Estimation
      $260,000
      921 SF

      111 En Loop Blvd

      RESTAURANT • 921 SF
      111 En Loop Blvd, Austin, TX 78751-1226
      View Details
    • Value Estimation
      $265,000
      3,308 SF

      822 Reinli St

      RESTAURANT • 3,308 SF
      822 Reinli 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
      View Details
    • $1,267,000

      Retail Property on Lamar Boulevard

      Retail property for sale on North Lamar Boulevard, Austin.
      5415 N Lamar Blvd, Austin, TX 78751
      View Details
    • $2,700,000
      7,114 SF

      North Austin Commercial Property

      Versatile commercial property in North Austin with high visibility.
      5528 N Lamar Blvd, Austin, TX 78751
      View Details
    • $650,000
      900 SF

      Office Space with Approved Site

      Office space for sale with approved development plans.
      1514 W Koenig Ln, Austin, TX 78751
      View Details
    • $579,999
      1,525 SF

      Central Austin Townhome Opportunity

      3 bed/3 bath townhome in central Austin near hotspots.
      200 W 56Th St, Austin, TX 78751
      View Details
    • $1,100,000

      Austin Specialty Property For Sale

      Specialty property available for purchase in Austin, Texas.
      602 North Loop Blvd, Austin, TX 78751
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      2,400 SF

      Restaurant Space in Central Austin

      Second-generation restaurant space in a walkable, transit-friendly location.
      4413 Guadalupe St, Austin, TX 78751
      View Details
    • Contact for pricing
      200 SF

      Austin Commercial Kitchen for Lease

      200 sq ft Ghost Kitchen - Prime Location
      5610 Interstate Highway 35, Austin, TX 78751
      View Details
    • Contact for pricing
      1,760 SF

      Retail Space with Natural Grocers

      Retail spaces available, anchored by Natural Grocers.
      4616 Triangle Ave, Austin, TX 78751
      View Details
    • $35 SF/Yr
      3,328 SF

      Retail Space Near University of Texas

      Retail space for lease near Hyde Park and University of Texas.
      4017 Guadalupe St, Austin, TX 78751
      View Details
    • Contact for pricing
      4,599 SF

      Retail Space Near Mueller

      Divisible retail space with high-traffic location near major Austin landmarks.
      4100 E 51St St, Austin, TX 78751
      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.
    4917 Airport Blvd
    Austin, TX 78751-2720
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.