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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6208 Richardson Ln Austin, TX 78741

    • Office buildings
    • 952 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2301590
    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

    • Office buildings

    Property Details for 6208 Richardson Ln

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.90 lot acres
    Property size
    952 SF
    Property type
    Office buildings
    APN
    305160130
    APU
    305160130

    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
    -97.6967
    Latitude
    30.2367
    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
    $14,221
    $312,200
    $545,823
    $858,023
    -
    $312,200
    $545,823
    $858,023

    Comparable in this City

    • Value Estimation
      $1,790,000
      47,416 SF

      1515 Grv Blvd

      OFFICE BUILDING • 47,416 SF
      1515 Grv Blvd, Austin, TX 78741-3453
      View Details
    • Value Estimation
      $3,835,000
      170,710 SF

      1615 Woodward St

      OFFICE BUILDING • 170,710 SF
      1615 Woodward St, Austin, TX 78741-7830
      View Details
    • Value Estimation
      $600,000
      17,328 SF

      4604 Ben White Blvd

      OFFICE BUILDING • 17,328 SF
      4604 Ben White Blvd, Austin, TX 78741-7212
      View Details
    • Value Estimation
      $2,260,000
      61,918 SF

      5202 Ben White Blvd, Unit 3

      OFFICE BUILDING • 61,918 SF
      5202 Ben White Blvd, Austin, TX 78741-7316
      View Details
    • Value Estimation by Request
      3,433 SF

      1405 Riverside Dr, Unit B

      OFFICE BUILDING • 3,433 SF
      1405 Riverside Dr, Austin, TX 78741-1137
      View Details
    • Value Estimation by Request
      4,788 SF

      1824 Oltorf St

      OFFICE BUILDING • 4,788 SF
      1824 Oltorf St, Austin, TX 78741-4015
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,200 SF

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    • $200,000
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      Furnished Condo Near Downtown Austin

      Turn-key, fully furnished 1BR/1BA condo, minutes from downtown Austin.
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      Upgraded Condo Near Riverside District

      Low-maintenance condo with two primary bedrooms near downtown and UT.
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      Prime Development Parcel in Austin

      2.4-acre development parcel in the East Riverside corridor.
      2110 Thrasher Ln, Austin, TX 78741
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    • $350,000

      Land for Sale in Austin

      Land available for purchase in Austin, Texas.
      2813 Metcalfe Rd, Austin, TX 78741
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    • $400,000

      Land Available for Sale

      Land available for sale at 2700 Burleson Rd, Austin, TX.
      2700 Burleson Rd, Austin, TX 78741
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    Similar Nearby for Lease

    • Contact for pricing
      30,351 SF

      Office Building with Downtown Views

      Six-story office building featuring modern amenities and downtown views.
      4720 E Riverside Dr, Austin, TX 78741
      View Details
    • $15 SF/Yr
      9,840 SF

      Renovated Austin Office/Showroom Space

      Renovated office/showroom space with highway visibility, near downtown Austin.
      3100 Alvin Devane Blvd, Austin, TX 78741
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    • Contact for pricing
      52,037 SF

      Austin Executive Office Space

      Prime Austin location, multiple suites available.
      2028 Ben White Blvd, Austin, TX 78741
      View Details
    • Contact for pricing
      15,000 SF

      Value Office/Flex Space Available

      Office/flex space with high parking ratio near airport.
      2914 Montopolis Dr, Austin, TX 78741
      View Details
    • Contact for pricing
      6,000 SF

      Austin Office Space For Rent

      6,000 square feet of office space available for rent.
      6201 E Oltorf St, Austin, TX 78741
      View Details
    • $29 SF/Yr
      108,300 SF

      Versatile Space with Unique Amenities

      Adaptable commercial space featuring a gym, kitchen, and auditorium.
      5900 Ben White Blvd, Austin, TX 78741
      View Details
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    6208 Richardson Ln
    Austin, TX 78741
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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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