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

    7001 Burnet Rd Austin, TX 78757

    • Strip malls
    • 66,076 SF
    • 1.14 lot acres
    For Lease
    View listing
    $44 SF/Yr
    Last Sale
    Mar 31, 2022
    Value Estimations
    $230,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0238707
    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

    • Becky Peters, L. Ac. / Acupuncture Clinic

    Property Details for 7001 Burnet Rd

    Year built
    2022
    Construction
    WOOD FRAME
    Lot size
    1.14 lot acres
    Property size
    66,076 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    235040303
    APU
    235040303

    Description

    7001 Burnet Road presents a remarkable opportunity for businesses seeking executive office space in Austin, Texas. This newly constructed, 33,708-square-foot building boasts a contemporary design and offers two available suites totaling 14,786 square feet. The building's strategic location in Travis County, at 7001 Burnet Rd, zip code 78757, provides convenient access to a variety of amenities. The property features ground-floor retail spaces, enhancing the convenience and vibrancy of the location. Enjoy the added benefit of entertainment terraces, perfect for employee gatherings or client meetings, fostering a dynamic and engaging work environment. The building's design prioritizes walkability, allowing easy access to nearby attractions and services. Currently, a significant portion of the building is vacant, presenting a unique chance to secure substantial space in a modern, well-appointed structure. The multiple tenancy option allows for flexibility in lease terms and space configuration. This property is ideal for businesses seeking a prestigious and functional workspace in a thriving Austin neighborhood. The building's modern aesthetic and convenient location make it an exceptional choice for companies looking to establish or expand their presence in the Austin market. With its impressive square footage and desirable features, 7001 Burnet Road offers an unparalleled opportunity for growth and success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7359
    Latitude
    30.3467
    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
    $76,929
    $4,022,330
    $1,691,063
    $5,713,393
    -
    $4,022,330
    $1,691,063
    $5,713,393

    Comparable in this City

    • Value Estimation
      $485,000
      17,858 SF

      7530 Burnet Rd

      SHOPPING CENTER, STRIP CENTER • 17,858 SF
      7530 Burnet Rd, Austin, TX 78757-1203
      View Details
    • Value Estimation
      $715,000
      97,626 SF

      7719 Burnet Rd

      SHOPPING CENTER, STRIP CENTER • 97,626 SF
      7719 Burnet Rd, Austin, TX 78757-1227
      View Details
    • Value Estimation
      $375,000
      7,050 SF

      8303 Burnet Rd

      SHOPPING CENTER, STRIP CENTER • 7,050 SF
      8303 Burnet Rd, Austin, TX 78757-7708
      View Details
    • Value Estimation
      $500,000
      27,394 SF

      7940 Great Northern Blvd

      SHOPPING CENTER, STRIP CENTER • 27,394 SF
      7940 Great Northern Blvd, Austin, TX 78757-8035
      View Details
    • Value Estimation
      $345,000
      6,168 SF

      917 Anderson Ln

      SHOPPING CENTER, STRIP CENTER • 6,168 SF
      917 Anderson Ln, Austin, TX 78757-1500
      View Details
    • Value Estimation
      $260,000
      3,755 SF

      7413 Burnet Rd Ste B

      SHOPPING CENTER, STRIP CENTER • 3,755 SF
      7413 Burnet Rd Ste B, Austin, TX 78757-2263
      View Details

    Similar Nearby for Sale

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      Austin Retail Shopping Center For Sale

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      Gardens at Anderson Square, Austin

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      Burnet Road Development Opportunity

      Prime Central Austin land for mixed-use or multifamily development.
      6726 Burnet Rd, Austin, TX 78757
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    • $900,000

      Austin Fourplex with Condo Potential

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      Burnet Road Live-Work Opportunity

      1,975 SF live-work space on Burnet Road for sale.
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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

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      50,000 SF

      Austin Retail Center Investment Opportunity

      High-end retail space, prime Austin location.
      3010 Anderson Ln, Austin, TX 78757
      View Details
    • Contact for pricing
      7,982 SF

      Retail Space in Austin, TX

      Retail space available in a high-traffic Austin location.
      2438 West Anderson Ln, Austin, TX 78757
      View Details
    • Contact for pricing
      14,240 SF

      Austin Retail Space - Steck Ave

      High-visibility retail space, multiple units available.
      3301 Steck Ave, Austin, TX 78757
      View Details
    • Contact for pricing
      1,235 SF

      Freestanding Retail Building For Rent

      Freestanding retail building in the Burnet Rd corridor.
      8440 Burnet Rd, Austin, TX 78757
      View Details
    • Contact for pricing
      1,064 SF

      Retail Space Available for Lease

      Retail spaces ranging from 915 to 2,132 square feet available.
      8312 Burnet Rd, Austin, TX 78757
      View Details
    • $24 SF/Yr
      2,675 SF

      Retail Space on Northcross Drive

      Retail suite with open floor plan and drive-up parking.
      7739 Northcross Dr, Austin, TX 78757
      View Details
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    7001 Burnet Rd
    Austin, TX 78757
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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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