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Property summary
This exceptional Austin, TX property (505 E 7th St, 78701) offers a unique investment opportunity. Currently housing Kingdom Nightclub, the 6,334 sq ft, two-story building sits on a 5,924 sq ft lot and boasts a 15-foot ceiling height. The property features a 10-year NNN lease (commencing January 1, 2021, expiring December 31, 2030) with a current NOI of $40,236 and a 1.49% cap rate. However, a pro-forma analysis, projecting a January 1, 2031 lease at $70/sq ft, reveals a significantly higher… NOI of $443,380 and a 16.45% cap rate. The current lease includes 4% annual rent bumps. The asking price is $2,695,000, translating to $425.48/sq ft for the building and $556.21/sq ft for the land. While the current lease is below market value, the property's location in the Austin CBD, one block from the 6th Street revitalization project, presents substantial long-term appreciation potential. The significant difference between current and pro-forma NOI highlights the substantial upside upon lease expiration. This presents a compelling opportunity for investors seeking a long-term hold with significant future returns. The property is zoned for CBD use. Built in 1961 and renovated in 2021, this asset is priced well below market value, considering the land's potential alone. The seller is open to lease income supplementation concessions. Note: This property is not suitable for owner-occupancy due to the existing lease term.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
15 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 5,888 SF
- Lot area
- 0.14 ac
- Year built
- 1961
- Stories
- 1
- APN
- 206040602
- Assessed value · 2023
- $1,079,886
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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