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

    500 East Ben White Blvd Austin, TX 78704

    • Drive through restaurants
    • 1,868 SF
    • 0.56 lot acres
    For Sale
    View listing
    $20,000,000
    Last Sale
    Mar 25, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0291862
    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

    • La Crawfish / Seafood Restaurant / Restaurant
    • Alvarez Cedric DDS / Dentist
    • OMNILIFE CEDIS AUSTIN / Vitamin & Supplements Store
    • Austea / Bubble Tea Store
    • Austin Habitat For Humanity - Food Distribution Center / Food Bank

    Property Details for 500 East Ben White Blvd

    Year built
    2006
    Lot size
    0.56 lot acres
    Property size
    1,868 SF
    Property type
    Drive through restaurants
    APN
    411020129
    APU
    411020129

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $284,000
      Market price range: $115k - $284k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $210,000
      Current use
      OFFICE BUILDING
      $300,000
      Change: +43% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $270,000
      Change: +29% Conversion: Difficult
      RETAIL STORES
      $205,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7573
    Latitude
    30.2206
    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
    $27,155
    $2,451,600
    $655,738
    $3,107,338
    -
    $2,451,600
    $655,738
    $3,107,338

    Comparable in this City

    • Value Estimation
      $380,000
      1,470 SF

      510 Oltorf St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,470 SF
      510 Oltorf St, Austin, TX 78704-5448
      View Details
    • Value Estimation
      $335,000
      2,452 SF

      1815 Ben White Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,452 SF
      1815 Ben White Blvd, Austin, TX 78704-7647
      View Details
    • Value Estimation
      $245,000
      551 SF

      1301 Congress Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 551 SF
      1301 Congress Ave, Austin, TX 78704-2432
      View Details
    • Value Estimation
      $190,000
      570 SF

      404 Lamar Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 570 SF
      404 Lamar Blvd, Austin, TX 78704-1022
      View Details
    • Value Estimation
      $415,000
      3,848 SF

      4308 Menchaca Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,848 SF
      4308 Menchaca Rd, Austin, TX 78704-7532
      View Details
    • Value Estimation
      $85,000
      5,422 SF

      3909 Congress Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,422 SF
      3909 Congress Ave, Austin, TX 78704-7219
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,002 SF

      Austin Restaurant Chain Opportunity

      Established Tex-Mex restaurant chain with multiple Austin locations for sale.
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      1,829 SF

      Prime Austin Medical Office Building

      1,829 SF Medical Office, 100% Occupied
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      858 SF

      Retail Showroom with Overhead Doors

      Retail showroom featuring four bays with overhead doors and ample parking.
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      2,223 SF

      Retail Space on Ben White

      Retail property with frontage on Ben White Blvd in Austin.
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      1,829 SF

      South Austin Commercial Building For Sale

      Commercial building in prime South Austin location near major retailers.
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    • $20,000,000
      49,211 SF

      Austin Retail Center - High Growth Area

      Prime Austin location, high-traffic, strong tenant mix.
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    Similar Nearby for Lease

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      975 SF

      Retail Space in Austin Center

      Retail, service, and restaurant spaces available near downtown Austin.
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      4,680 SF

      Retail Space in Austin, TX

      Retail, service, and restaurant spaces available in Austin, TX.
      4107 S Capital Of Texas Hwy, Austin, TX 78704
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      21,713 SF

      South Congress Retail Opportunity

      Austin Retail Space - Multiple Units Available
      2105 Congress Ave, Austin, TX 78704
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      2,284 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces available with dedicated parking.
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      View Details
    • Contact for pricing
      1,070 SF

      Retail Space in Austin Center

      Retail, service, and restaurant spaces available in Austin, TX.
      4032 S Lamar Blvd, Austin, TX 78704
      View Details
    • Contact for pricing
      625 SF

      South 1st Street Retail Space

      Retail space with high traffic corner and spacious yard.
      2312 S 1St St, Austin, TX 78704
      View Details

    Property Visit Statistics

    • Visits by month
      90.1k
    • Visitors by month
      57.8k
    • Avg Time on site
      15 min
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    Austin, TX 78704
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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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