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Property profile & analytics
FOR LEASE
Strip malls
500 N Lamar Blvd Austin, TX 78703
Entity Owned
10-yr Hold
Free & Clear
Property ID
US82-0688952
For Lease
1 / 2
Contact for pricing
500 N Lamar Blvd, Austin, TX 78703
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1946
Construction
CONCRETE
Total area
14,287 SF
Lot
1.07 ac (46,548 SF)
APN
108010809
UPID
US82-0688952
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
UFCU ATM Atm
-
Seize the Day Chair Massage Alternative Medicine Practice Spa & Massage Center
-
TACOS EL GALLITO Restaurant Take-out & Catering
-
That Food Truck Restaurant
-
Barton Springs Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Austin Lamar Partners LLC · 10 yrs held
Austin Lamar Partners LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$191,094
Tax year 2022
Assessed value
$9,700,000
Assessed 2023
Previous assessed
$9,676,000
+0.2% YoY
Effective rate
1.97%
On assessed value
Assessed land
$9,309,000
Assessed improvement
$391,000
Land market value
$9,309,000
Improvement market value
$391,000
Total market value
$9,700,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1946
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
14,287 SF
Lot
1.07 ac (46,548 SF)
APN
108010809
UPID
US82-0688952
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1946
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Austin Lamar Partners LLC
Entity
Free & Clear · 10 yrs held
Mailing address
500 W 5TH ST STE #700, AUSTIN, TX 78701-3833
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2018
—
Rgr 500 LLC
—
Deed
related
$1,005,606 · First Com'l Bk
Dec 22, 2015
—
Austin Lamar Partners LLC
Amreit 500 Lamar LP
Grant Deed
—
Dec 13, 2010
—
Amreit 500 Lamar LP
500 Lamar Ltd
Quit Claim Deed
—
Jun 29, 2000
—
500 Lamar Ltd
Mildred Hancock Estate
Grant Deed
$1,800,000 · Stancorp Mortgage Investors
—
—
Berry Gannaway
—
Deed Of Trust
related
$635,000 · First State Bank Texas
—
—
500 South Lamar LLC
—
Deed Of Trust
related
$675,000 · Frost National Bank
—
—
Whit Hanks West End
—
Deed Of Trust
related
$2,200,000 · Standard Insurance Co
—
—
500 Lamar Ltd
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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