Add Listing
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

    614 1st St Austin, TX 78704-8898

    • Apartment buildings
    • 148,233 SF
    • 8.19 lot acres
    OFF-MARKET
    Last Sale
    May 30, 2023
    Value Estimations
    $2,350,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1693280
    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

    • Timbercreek / Figurine Shop / Apartment Complex
    • Scout Window Cleaning / General Contractor / Renovation Specialist

    Property Details for 614 1st St

    Year built
    1972
    Construction
    WOOD FRAME
    Lot size
    8.19 lot acres
    Property size
    148,233 SF
    Property type
    Apartment buildings
    APN
    102010601
    APU
    102010601

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7524
    Latitude
    30.257
    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
    $762,518
    $38,506,212
    $1,493,788
    $40,000,000
    -
    $38,506,212
    $1,493,788
    $40,000,000

    Comparable in this City

    • Value Estimation by Request
      13,568 SF

      3415 Menchaca Rd

      APARTMENT HOUSE (5+ UNITS) • 13,568 SF
      3415 Menchaca Rd, Austin, TX 78704-8896
      View Details
    • Value Estimation by Request
      6,680 SF

      3810 Menchaca Rd

      APARTMENT HOUSE (5+ UNITS) • 6,680 SF
      3810 Menchaca Rd, Austin, TX 78704-7560
      View Details
    • Value Estimation
      $6,870,000
      297,530 SF

      809 Lamar Blvd

      APARTMENT HOUSE (100+ UNITS) • 297,530 SF
      809 Lamar Blvd, Austin, TX 78704-1558
      View Details
    • Value Estimation
      $930,000
      33,528 SF

      3737 Keats Dr

      APARTMENT HOUSE (5+ UNITS) • 33,528 SF
      3737 Keats Dr, Austin, TX 78704-8853
      View Details
    • Value Estimation by Request
      11,760 SF

      2512 Durwood St

      APARTMENT HOUSE (5+ UNITS) • 11,760 SF
      2512 Durwood St, Austin, TX 78704-5402
      View Details
    • Value Estimation by Request
      14,282 SF

      1312 Lamar Sq Dr

      APARTMENT HOUSE (5+ UNITS) • 14,282 SF
      1312 Lamar Sq Dr, Austin, TX 78704-2223
      View Details

    Similar Nearby for Sale

    • $709,000

      South Austin Condo with Balcony

      Charming 2-bedroom condo in South Austin with private balcony.
      2312 Thornton Rd, Austin, TX 78704
      View Details
    • $695,000

      Updated Duplex in 78704

      Updated duplex with long-term tenants in a desirable location.
      1710 Cinnamon Path, Austin, TX 78704
      View Details
    • $549,000

      South Austin Duplex Investor Special

      Duplex in 78704, ideal for investors or owner-occupants.
      3508 Southridge Dr, Austin, TX 78704
      View Details
    • $1,275,000

      Barton Hills Quadplex Investment Opportunity

      Fully occupied quadplex in 78704, condo-conversion ready, STRs allowed.
      2804 West Westhill Dr, Austin, TX 78704
      View Details
    • $1,099,000

      Three-Unit Property with Greenbelt Views

      Three-unit property with investment potential and panoramic greenbelt views.
      3309 Westhill A & B, Austin, TX 78704
      View Details
    • $1,275,000

      Barton Hills Quadplex Investment Opportunity

      Investment quadplex in prime location with STR potential.
      2804 Westhill Dr, Austin, TX 78704
      View Details

    Similar Nearby for Lease

    • $2,250 /Mo

      Austin Condo Near Zilker Park

      Stylish 1-bedroom condo near Zilker Park and Barton Springs.
      1900 Barton Springs Rd, Austin, TX 78704
      View Details
    • Contact for pricing
      75,914 SF

      Lakehills Plaza Medical Office Space

      Austin medical office suites for lease
      0 Ben White Blvd, Austin, TX 78704
      View Details
    • $12,000 /Mo

      Austin Specialty Property for Rent

      Specialty property available for rent in Austin, Texas.
      203 Leland St, Austin, TX 78704
      View Details
    • Contact for pricing
      10,036 SF

      Luxurious Office Space in Austin

      High-end office space with natural light and custom finishes.
      1300 W Oltorf St, Austin, TX 78704
      View Details
    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.
    614 1st St
    Austin, TX 78704-8898
    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.
    Sign Up Successful!
    You now have access to more from Realmo!