Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
5900 Airport Blvd Austin, TX 78752-4206
Individually Owned
Free & Clear
Property ID
US82-0699129
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
7,719 SF
Lot
0.72 ac (31,276 SF)
APN
226100304
UPID
US82-0699129
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
-
Prosper Center – North Charitable Organization Social Service Agency
-
Insure Central Texas Insurance Agency
-
Student Student Services Training Center
-
FreeMindsAustin Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$545k
Owner & transaction history
Jimmy Nassour
Jimmy Nassour
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$815,000
+81.7%
Restaurant
$590,000
+32.1%
Medical building
$545,000
+21.7%
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
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$445,000
Current use
COMMERCIAL (GENERAL)
$815,000
Change: +82% · Conversion: Easy
RESTAURANT
$590,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$545,000
Change: +22% · Conversion: Easy
RETAIL STORES
$525,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$71 / 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
Assessed value
$2,665,117
Assessed 2023
Previous assessed
$2,597,756
+2.6% YoY
Assessed land
$1,251,040
Assessed improvement
$1,414,077
Land market value
$1,251,040
Improvement market value
$1,414,077
Total market value
$2,665,117
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
NONE
Stories
2
Total area
7,719 SF
Lot
0.72 ac (31,276 SF)
APN
226100304
UPID
US82-0699129
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
OFFICE BUILDING Current
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$815,000
RESTAURANT
Est. value
$590,000
MEDICAL BUILDING
Est. value
$545,000
RETAIL STORES
Est. value
$525,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
1976
Heating
NONE
Stories
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
Jimmy Nassour
Individual
Free & Clear · 0 yrs held
Mailing address
3000 S INTERSTATE 35TH STE #300, AUSTIN, TX 78704-6536
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2025
—
Jimmy Nassour
Foundation Communities INC
Warranty Deed
—
Jul 8, 2016
—
Foundation Communities INC
5900 Airport LLC
Grant Deed
$1,200,000 · University Cu
Jun 3, 2016
—
5900 Airport LLC
—
Deed
related
$1,226,250 · Bank Of The Ozarks
Oct 30, 2009
—
5900 Airport LLC
M&b Austin LLC
Venders Lien
$1,226,250 · Omnibank NA
—
—
M & B Austin LLC
—
Deed Of Trust
related
$80,000 · Southtrust Bank NA
—
—
5900 Airport LLC
—
Loan Modification
related
$1,226,250 · Bank Of The Ozarks
—
—
5900 Airport LLC
—
Loan Modification
related
$1,226,250 · Bank Of The Ozarks
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?”
You own 5900 Airport Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
