Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5775 Airport Blvd Austin, TX 78752-4218

    • Strip malls
    • 42,693 SF
    • 3.02 lot acres
    OFF-MARKET
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3196323
    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

    • Spec's Wines, Spirits & Finer Foods / Beer Store / Gourmet Grocery Store
    • Kick Butt Coffee / Sandwich Shop / Coffee Shop
    • Karate Kids Birthday Parties / Party Planner / Karate School
    • Rouhani Shawn OD / Optometrist
    • Eyemart Express / Optician / Eye Care Center

    Property Details for 5775 Airport Blvd

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    3.02 lot acres
    Property size
    42,693 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    226100403
    APU
    226100403

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,256,000
      Market price range: $781k - $1.94M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,250,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7133
    Latitude
    30.3223
    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
    $203,595
    $10,524,080
    $83,668
    $10,607,748
    -
    $10,524,080
    $83,668
    $10,607,748

    Comparable in this City

    • Value Estimation
      $345,000
      4,558 SF

      6501 Airport Blvd

      SHOPPING CENTER, STRIP CENTER • 4,558 SF
      6501 Airport Blvd, Austin, TX 78752-3614
      View Details
    • Value Estimation
      $365,000
      4,097 SF

      720 Lamar Pl

      SHOPPING CENTER, STRIP CENTER • 4,097 SF
      720 Lamar Pl, Austin, TX 78752-4023
      View Details
    • Value Estimation
      $1,360,000
      5,760 SF

      1536 Anderson Ln

      SHOPPING CENTER, STRIP CENTER • 5,760 SF
      1536 Anderson Ln, Austin, TX 78752-1818
      View Details
    • Value Estimation
      $240,000
      7,118 SF

      6719 Lamar Blvd

      SHOPPING CENTER, STRIP CENTER • 7,118 SF
      6719 Lamar Blvd, Austin, TX 78752-3503
      View Details
    • Value Estimation
      $285,000
      12,060 SF

      6808 Lamar Blvd

      SHOPPING CENTER, STRIP CENTER • 12,060 SF
      6808 Lamar Blvd, Austin, TX 78752-3506
      View Details
    • Value Estimation
      $960,000
      27,500 SF

      7601 Lamar Blvd

      SHOPPING CENTER, STRIP CENTER • 27,500 SF
      7601 Lamar Blvd, Austin, TX 78752-1026
      View Details

    Similar Nearby for Sale

    • $820,000
      14,934 SF

      Austin Retail Investment Opportunity

      High-traffic Guadalupe St. retail space
      7107 Guadalupe St, Austin, TX 78752
      View Details
    • $8,000,000

      Nine-Unit Townhome Investment Property

      Nine townhome units with private backyards and pools.
      7104 Creekside Dr, Austin, TX 78752
      View Details
    • $559,900

      Transit-Accessible Fourplex Investment Opportunity

      Fourplex near transit with income potential in Austin, Texas.
      604 Gaylor St, Austin, TX 78752
      View Details
    • $2,100,000
      3.58 Acres

      Austin Commercial Land - Hwy 183

      3.58 Acres, Prime Development Site
      1517 Anderson Ln, Austin, TX 78752
      View Details
    • $899,000

      Austin Triplex Investment Opportunity

      Three tenant-occupied units on a spacious corner lot.
      6920 Bethune Ave, Austin, TX 78752
      View Details
    • Contact for pricing
      86,910 SF

      Executive Office Building, Austin

      86,910 SF Office, Austin, TX
      1200 Anderson Ln, Austin, TX 78752
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,206 SF

      Retail Property with Drive-Thru

      Retail property featuring a vault and convenient highway access.
      100 E Anderson Ln, Austin, TX 78752
      View Details
    • Contact for pricing
      14,934 SF

      Guadalupe Street Retail Opportunity

      High-visibility retail space, 14,934 sq ft.
      7107 Guadalupe St, Austin, TX 78752
      View Details
    • Contact for pricing

      North Austin Automotive Retail Space

      Highly visible North Austin property on Interstate Highway 35.
      7417 North Interstate Hwy, Austin, TX 78752
      View Details
    • $22 SF/Yr
      2,400 SF

      Move-in Ready Retail Endcap Space

      Retail space available for lease in north central Austin.
      6020 Dillard Cir, Austin, TX 78752
      View Details
    • Contact for pricing
      7,138 SF

      Automotive Property on Interstate 35

      Automotive property formerly occupied by Malibu Brand Prix and Kia.
      7417 N Interstate 35, Austin, TX 78752
      View Details
    • Contact for pricing
      101,416 SF

      Lamar Towers Executive Suites

      Austin Office Space: 9 Suites Available
      7701 Lamar Blvd, Austin, TX 78752
      View Details

    Property Visit Statistics

    • Visits by month
      19.6k
    • Visitors by month
      14.5k
    • Avg Time on site
      16 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5775 Airport Blvd
    Austin, TX 78752-4218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.