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    Property profile & analytics

    5110 Mnr Rd Austin, TX 78723-4608

    • Office buildings
    • 15,608 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1054599
    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

    • Austin Charter Services / Bus Charter / Bus Company
    • Islamic Center of Greater Austin- Masjid / Mosque / Religious Organization
    • Mosque / Mosque
    • Austin Peace Academy / Religious School / Elementary School

    Property Details for 5110 Mnr Rd

    Year built
    1997
    Lot size
    1.37 lot acres
    Property size
    15,608 SF
    Property type
    Office buildings
    APN
    219200101
    APU
    219200101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $511,000
      Market price range: $361k - $1.90M

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6868
    Latitude
    30.2993
    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
    $2,380,520
    $420,916
    $2,801,436
    -
    $2,380,520
    $420,916
    $2,801,436

    Comparable in this City

    • Value Estimation
      $400,000
      4,990 SF

      4907 Springdale Rd

      OFFICE BUILDING • 4,990 SF
      4907 Springdale Rd, Austin, TX 78723-6045
      View Details
    • Value Estimation
      $460,000
      14,012 SF

      3401 Rogge Ln

      OFFICE BUILDING • 14,012 SF
      3401 Rogge Ln, Austin, TX 78723-3638
      View Details
    • Value Estimation
      $245,000
      9,094 SF

      2400 Nene Dr

      OFFICE BUILDING • 9,094 SF
      2400 Nene Dr, Austin, TX 78723-2104
      View Details
    • Value Estimation
      $505,000
      19,200 SF

      5010 Old Mnr Rd

      OFFICE BUILDING • 19,200 SF
      5010 Old Mnr Rd, Austin, TX 78723-4524
      View Details
    • Value Estimation
      $310,000
      11,376 SF

      1320 51st St

      OFFICE BUILDING • 11,376 SF
      1320 51st St, Austin, TX 78723-3037
      View Details
    • Value Estimation
      $825,000
      34,690 SF

      6100 Berkman Dr

      OFFICE BUILDING • 34,690 SF
      6100 Berkman Dr, Austin, TX 78723-1901
      View Details

    Similar Nearby for Sale

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      Prime East Austin office building, development potential.
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      Office Building in Mueller Area

      Office building with development potential near East Austin amenities.
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      23,916 SF office building on 1.39 AC corner lot.
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    • $1,100,000
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      Austin Executive Office Building

      Prime Austin location, 1,451 SF office.
      1302 51St St, Austin, TX 78723
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    • Contact for pricing
      2,260 SF

      Mueller Town Center Commercial Space

      Ground-floor commercial space with premier visibility in Mueller Town Center.
      1808 Simond Ave, Austin, TX 78723
      View Details
    • Contact for pricing
      5,000 SF

      Austin Executive Office Space

      Mueller District Retail/Office Opportunity
      3900 Berkman Dr, Austin, TX 78723
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,511 SF

      New Mueller Business District Office

      New office space in Mueller Business District with modern amenities.
      4901 Mueller Blvd, Austin, TX 78723
      View Details
    • $13 SF/Yr
      8,527 SF

      Austin Hwy 290 Office Space

      8,527 SF Office Suite - Lease Now
      6400 E Hwy 290, Building 3, Austin, TX 78723
      View Details
    • $15 SF/Yr
      5,675 SF

      Renovated Austin Office Space Available

      Multi-tenant office complex with versatile spaces and recent upgrades.
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      View Details
    • $42 SF/Yr
      5,000 SF

      Austin Executive Office Suites

      Prime Austin Office Space: 3 Suites Available
      3900 Berkman Dr, Austin, TX 78723
      View Details
    • $36 SF/Yr
      17,134 SF

      Office Space Available For Rent

      Office space available for rent in Austin, TX.
      4700 Mueller Blvd, Austin, TX 78723
      View Details
    • $14 SF/Yr
      100,111 SF

      Office, Flex, Warehouse Space Available

      Office, office/warehouse, and flex space with highway access.
      6448 Us Hwy, Austin, TX 78723
      View Details

    Property Visit Statistics

    • Visits by month
      10.9k
    • Visitors by month
      5.9k
    • Avg Time on site
      7 min
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    5110 Mnr Rd
    Austin, TX 78723-4608
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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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