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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Parking lots & garages
70 Rainey St, Austin, TX 78701-4737
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US83-0940345
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2017
Total area
210,000 SF
Lot
0.04 ac (1,891 SF)
APN
203031804
UPID
US83-0940345
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
70 Rainey Condominium Complex
-
The Tipsy Alchemist (Austin) Bar & Pub Nightclub
-
70 Rainey Parking Garage Parking Lot & Garage
-
DR. C Vitamins (Bike/Boat/Book/etc) Store Pharmacy
-
BuyCannabis Dispensary (Recreational-Delivery) (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$893k
Blend (final)
Blend
$910k
Owner & transaction history
Ramandeep Girn · 2 yrs held
Ramandeep Girn
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,235,000
Current use
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$4 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,199
Tax year 2022
Assessed value
$161,984
Assessed 2023
Previous assessed
$161,984
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$1,418
Assessed improvement
$160,566
Land market value
$1,418
Improvement market value
$160,566
Total market value
$161,984
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2017
Heating
NONE
Stories
1
Total area
210,000 SF
Lot
0.04 ac (1,891 SF)
APN
203031804
UPID
US83-0940345
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$1.2M
PARKING LOT Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Ramandeep Girn
Individual
Mailing address
70 RAINEY ST APT #2703, AUSTIN, TX 78701-4751
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
—
Origin Sth Street LLC
—
Deed
related
$3,350,000 · Di Austin Lender LLC
Nov 6, 2023
—
Ramandeep Girn
Naftali Lazewnik
Venders Lien
$488,000 · Prosperity Bank
Aug 11, 2023
—
Faisal Raza
Gary Wesley Walston
Venders Lien
$315,000 · Adelo Mortgage INC
Oct 25, 2022
—
Jeffrey And Anne Randall Revocable
Anne Randall
Quit Claim Deed
related
—
Jul 26, 2022
—
Rain Man Realty LLC
—
Deed
related
$1,765,000 · Encore Bank NA
May 23, 2022
—
Thomas Skelly Lewis
—
Deed
related
$1,000,000 · Fieldpoint Private Bank And Trust
Feb 11, 2022
—
Stephen B Womack
—
Deed
related
$125,000 · Bancorpsouth Bank
Jul 1, 2021
—
Otto Hexweg II
—
Deed
related
$316,445 · Movement Mortgage
May 28, 2021
—
Michael Fedyna
Edward Taylor
Venders Lien
$1,365,000 · United Wholesale Mortgage
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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