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    6505 Airport Blvd Austin, TX 78752-3627
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    Property profile & analytics

    6505 Airport Blvd, Austin, TX 78752-3627

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    • Office buildings
    • 86,099 SF
    • 3.73 lot acres
    Off-Market
    Property ID
    US82-5841740
    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.
    Value Estimations
    $2,400,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 6505 Airport Blvd

    Year built
    1961
    Lot size
    3.73 lot acres
    Property type
    Office buildings
    APN
    229112103
    APU
    229112103

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 1, 2022 — Lamy Arcadia LLC — Deed · related $20M · Genworth Life Insurance Company

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7139
    Latitude
    30.3295
    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
    $0.00
    $2,435,063
    $13,381,267
    $15,816,330
    -
    $2,435,063
    $13,381,267
    $15,816,330

    Comparable in this City

    • Value Estimation
      $545,000
      7,719 SF

      5900 Airport Blvd

      OFFICE BUILDING
      5900 Airport Blvd, Austin, TX 78752-4206
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    • Value Estimation
      $1,380,000
      53,415 SF

      305 Huntland Dr

      OFFICE BUILDING
      305 Huntland Dr, Austin, TX 78752-3736
      View Details
    • Value Estimation
      $4,465,000
      159,972 SF

      505 Huntland Dr

      SKYSCRAPER/HIGH-RISE (COM OFFICES)
      505 Huntland Dr, Austin, TX 78752-3717
      View Details
    • Value Estimation
      $1,705,000
      69,620 SF

      7700 Chevy Chase Dr

      OFFICE BUILDING
      7700 Chevy Chase Dr, Austin, TX 78752-1558
      View Details
    • Value Estimation
      $3,400,000
      112,362 SF

      1101 Wheatley Ave

      OFFICE BUILDING
      1101 Wheatley Ave, Austin, TX 78752-1733
      View Details
    • Value Estimation
      $1,390,000
      51,396 SF

      7715 Chevy Chase Dr

      OFFICE BUILDING
      7715 Chevy Chase Dr, Austin, TX 78752-1227
      View Details

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      Executive Office Building, Austin

      86,910 SF Office, Austin, TX
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    • $425,000
      0.28 Acres

      Austin Land in St. Johns

      Prime lot in St. Johns neighborhood, ideal for development.
      7109 Bennett Ave, Austin, TX 78752
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      61,537 SF

      North Central Office Space Available

      Office building with excellent access and on-site management.
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    • $25 SF/Yr
      11,894 SF

      Northeast Austin Office Space

      Move-in ready office suites with easy highway access.
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      3,439 SF

      Prime Office Space in Austin

      Office space with excellent access and parking in Austin, TX.
      6300 La Calma Dr, Austin, TX 78752
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    • $30 SF/Yr
      13,183 SF

      Office Space Available For Lease

      7,010 square foot office space available for lease.
      7020 Easy Wind Dr, Austin, TX 78752
      View Details
    • Contact for pricing
      3,016 SF

      Office Space Near Highland

      Office space for rent near Austin's Highland neighborhood.
      314 Highland Mall Blvd/Airport, Austin, TX 78752
      View Details
    • Contact for pricing
      3,604 SF

      Adaptable Office Space for Rent

      Versatile office space with atrium views and convenient amenities.
      1033 La Posada Dr, Austin, TX 78752
      View Details
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    Austin, TX 78752-3627
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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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