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

    6701 Silvermine Dr Austin, TX 78736-1783

    • Apartment buildings
    • 15,240 SF
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0781251
    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

    • Shine My LAss / General Contractor / Renovation Specialist
    • Affordable Self Storage Unit / Storage Facility
    • Valley View Apartments / Apartment Building

    Property Details for 6701 Silvermine Dr

    Year built
    1981
    Construction
    WOOD FRAME
    Lot size
    1.40 lot acres
    Property size
    15,240 SF
    Property type
    Apartment buildings
    APN
    404440520
    APU
    404440520

    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
    -97.8885
    Latitude
    30.2457
    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
    $68,834
    $548,712
    $3,151,288
    $3,700,000
    -
    $548,712
    $3,151,288
    $3,700,000

    Comparable in this City

    • Value Estimation
      $4,290,000
      253,902 SF

      7880 Hwy 290th W

      APARTMENT HOUSE (100+ UNITS) • 253,902 SF
      7880 Hwy 290th W, Austin, TX 78736-3219
      View Details
    • Value Estimation
      $4,075,000
      306,816 SF

      9101 Cir Dr

      APARTMENT HOUSE (100+ UNITS) • 306,816 SF
      9101 Cir Dr, Austin, TX 78736
      View Details
    • Value Estimation
      $4,615,000
      262,421 SF

      8000 Hwy 290th W

      APARTMENT HOUSE (100+ UNITS) • 262,421 SF
      8000 Hwy 290th W, Austin, TX 78736-8012
      View Details
    • Value Estimation
      $5,250,000
      258,600 SF

      7870 Hwy 290th W

      APARTMENT HOUSE (100+ UNITS) • 258,600 SF
      7870 Hwy 290th W, Austin, TX 78736-3227
      View Details
    • Value Estimation by Request
      9.18 Acres

      12314 Fitzhugh Rd

      Land • 9.18 Acres
      12314 Fitzhugh Rd, Austin, TX 78736
      View Details
    • Value Estimation by Request
      9.69 Acres

      9809 Us-290

      Land • 9.69 Acres
      9809 Us-290, Austin, TX 78736
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,429 SF

      Highway 290 Investment Opportunity

      Two-story office building with expansion potential on 2.78 acres.
      10200 Us Highway 290, Austin, TX 78736
      View Details
    • $1,400,000
      5,881 SF

      New Construction Flex/Industrial Building

      New construction flex/industrial building in Hays County growth corridor.
      15210 Fitzhugh Rd, Austin, TX 78736
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    • $1,250,000

      2.56 Acres Near Highway 290

      2.56 acres with a 3,372 SF house near Highway 290.
      9438 Circle Dr, Austin, TX 78736
      View Details
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      Fitzhugh Road Development Opportunity

      22+ acres on Fitzhugh Road suitable for various commercial uses.
      15000 Fitzhugh Rd, Austin, TX 78736
      View Details
    • $1,199,000

      Land in Growing Austin Area

      Land suitable for housing, flex, or commercial development.
      12314B Fitzhugh Rd, Austin, TX 78736
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Austin Industrial Space For Lease

      Industrial property available for lease in Austin, Texas.
      10509 Circle Dr, Austin, TX 78736
      View Details
    • Contact for pricing

      Versatile Flex Space in Fitzhugh

      Adaptable space suitable for retail, office, warehouse, and more.
      14510 Fitzhugh Rd, Austin, TX 78736
      View Details
    • Contact for pricing

      Newer Construction Flex Space Available

      Newer construction office/warehouse/flex space in a high-growth corridor.
      15210 Fitzhugh Rd, Austin, TX 78736
      View Details
    • Contact for pricing

      Office Space Available for Lease

      Office space for lease at 9217 US-290, Austin, TX 78736.
      9217 Us Highway 290, Austin, TX 78736
      View Details
    Request Owner's contact information
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    6701 Silvermine Dr
    Austin, TX 78736-1783
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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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