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    Property profile & analytics

    6701 Burnet Rd Austin, TX 78757-2855

    • Apartment buildings
    • 256,233 SF
    • 3.90 lot acres
    OFF-MARKET
    Last Sale
    Mar 29, 2021
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0393851
    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

    • King and Rose Optical / Optician / Contact Lenses Supplier
    • Identity Diamonds / Jewelry Designer / Jewelry Store
    • JewBoy Sub Shop / Sandwich Shop
    • Bang Bang / Hair Salon
    • Marq on Burnet / Apartment Complex / Apartment Building

    Property Details for 6701 Burnet Rd

    Year built
    2015
    Lot size
    3.90 lot acres
    Property size
    256,233 SF
    Property type
    Apartment buildings
    APN
    234030412
    APU
    234030412

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7379
    Latitude
    30.3423
    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
    $1,730,823
    $15,286,032
    $70,623,968
    $85,910,000
    -
    $15,286,032
    $70,623,968
    $85,910,000

    Comparable in this City

    • Value Estimation
      $375,000
      467,647 SF

      6801 Burnet Rd

      APARTMENT HOUSE (100+ UNITS) • 467,647 SF
      6801 Burnet Rd, Austin, TX 78757-2845
      View Details
    • Value Estimation
      $535,000
      276,841 SF

      8518 Burnet Rd

      APARTMENT HOUSE (100+ UNITS) • 276,841 SF
      8518 Burnet Rd, Austin, TX 78757
      View Details
    • Value Estimation
      $460,000
      21,064 SF

      2301 Ohlen Rd

      APARTMENT HOUSE (5+ UNITS) • 21,064 SF
      2301 Ohlen Rd, Austin, TX 78757-7758
      View Details
    • Value Estimation
      $450,000
      28,139 SF

      8515 Shl Crk Blvd

      APARTMENT HOUSE (5+ UNITS) • 28,139 SF
      8515 Shl Crk Blvd, Austin, TX 78757-7574
      View Details
    • Value Estimation
      $355,000
      10,432 SF

      7908 Gault St

      APARTMENT HOUSE (5+ UNITS) • 10,432 SF
      7908 Gault St, Austin, TX 78757-8420
      View Details
    • Value Estimation
      $340,000
      19,902 SF

      7929 Gault St

      APARTMENT HOUSE (5+ UNITS) • 19,902 SF
      7929 Gault St, Austin, TX 78757-8422
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Updated Condo in North Austin

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      Duplex with Converted Garage

      Duplex with converted garage, ideal for owner occupant or rental.
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      Austin Fourplex with Condo Potential

      Fourplex in Austin, Texas, with individual sale potential.
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      Central Austin Duplex Investment Opportunity

      Meticulously maintained duplex in walkable Central Austin neighborhood.
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    Similar Nearby for Lease

    • $1,250 /Mo
      668 SF

      Second-Floor Apartment with Pool View

      Second-floor apartment with walk-in closets, balcony, and community pool.
      7920 Rockwood Ln, Austin, TX 78757
      View Details
    • $1,195 /Mo
      576 SF

      Allandale Condo with Included Utilities

      Comfortable 1-bedroom condo in Allandale with great amenities and location.
      7685 Northcross Dr, Austin, TX 78757
      View Details
    • $1,200 /Mo

      Cozy 2-Bed Apartment Available

      Move-in ready 2-bedroom apartment available November 1st.
      2106 Cullen Ave, Austin, TX 78757
      View Details
    • $1,495 /Mo

      Condominium with Natural Light

      Two-bedroom condominium with abundant natural light and community pool.
      7685 Northcross Dr, Austin, TX 78757
      View Details
    • $28 SF/Yr
      1,790 SF

      Austin Office Space for Lease

      Prime Austin location, 1790 sq ft, NNN lease.
      8500 Shoal Creek Blvd, Austin, TX 78757
      View Details
    • $32 SF/Yr
      7,000 SF

      Move-in Ready School/Medical Space

      7,000 SF space ideal for school or medical use.
      7940 Great Northern Blvd, Austin, TX 78757
      View Details

    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      2.2k
    • Avg Time on site
      43 min
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    6701 Burnet Rd
    Austin, TX 78757-2855
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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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