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Property profile & analytics
FOR SALE
Parking lots & garages
5528 N Lamar Blvd Austin, TX 78751
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-3114889
For Sale
1 / 2
$2,700,000
5528 N Lamar Blvd, Austin, TX 78751
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1991
Construction
CONCRETE
Total area
5,096 SF
Lot
0.72 ac (31,320 SF)
APN
226070120
UPID
US82-3114889
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
-
austingarageandtransmission Auto Repair Shop
-
Richard Lord's Boxing Gym Gym & Fitness Center Sports School
-
Coach Cosma | Boxing Coach Gym & Fitness Center
-
Angkor Tire & Auto Auto Repair Shop
-
Max training Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$675k
Owner & transaction history
Ug 5528 Lamar LLC · 5 yrs held
Ug 5528 Lamar LLC
since 2020
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$730,000
+57.1%
Office building
$665,000
+42.6%
Retail stores
$640,000
+37.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$465,000
Current use
AUTO REPAIR, GARAGE
$730,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$640,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$535,000
Change: +15% · Conversion: Difficult
RESTAURANT
$505,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
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
$59,248
Tax year 2022
Assessed value
$3,554,407
Assessed 2023
Previous assessed
$3,000,000
+18.5% YoY
Effective rate
1.67%
On assessed value
Assessed land
$3,131,900
Assessed improvement
$422,507
Land market value
$3,131,900
Improvement market value
$422,507
Total market value
$3,554,407
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Sale
Year built
1991
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
5,096 SF
Lot
0.72 ac (31,320 SF)
APN
226070120
UPID
US82-3114889
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
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$730,000
OFFICE BUILDING
Est. value
$665,000
RETAIL STORES
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$535,000
RESTAURANT
Est. value
$505,000
PARKING LOT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Ug 5528 Lamar LLC
Entity
Mailing address
306 AVONDALE ST #200, HOUSTON, TX 77006-3174
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2020
—
Ug 5528 Lamar LLC
Lazy Moon LLC
Grant Deed
$275,000 · International Bk/commerce
Jun 21, 2013
—
Lazy Moon LLC
Joseph,john P
Grant Deed
—
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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