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

    701 Provines Dr Austin, TX 78753-3007

    • Strip malls
    • 14,421 SF
    • 1.68 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3409982
    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

    • Liem Inspection / Car Inspection Station
    • Ramirez Auto Repair / Auto Repair Shop / Auto Body Shop
    • 10-4 Tow of Austin / Towing Service / Auto Wrecker
    • Quan Auto Services / Auto Repair Shop
    • Xpress Transportation L.L.C. / Transportation Service

    Property Details for 701 Provines Dr

    Year built
    1974
    Construction
    CONCRETE
    Lot size
    1.68 lot acres
    Property size
    14,421 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    246180411
    APU
    246180411

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $253,000
      Market price range: $204k - $494k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $375,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.689
    Latitude
    30.3762
    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
    $46,100
    $1,464,000
    $870,259
    $2,334,259
    -
    $1,464,000
    $870,259
    $2,334,259

    Comparable in this City

    • Value Estimation
      $695,000
      25,969 SF

      8610 Lamar Blvd

      SHOPPING CENTER, STRIP CENTER • 25,969 SF
      8610 Lamar Blvd, Austin, TX 78753-5580
      View Details
    • Value Estimation
      $225,000
      6,500 SF

      12410 Lamar Blvd

      SHOPPING CENTER, STRIP CENTER • 6,500 SF
      12410 Lamar Blvd, Austin, TX 78753-1315
      View Details
    • Value Estimation
      $805,000
      25,209 SF

      12302 Thompkins Dr

      SHOPPING CENTER, STRIP CENTER • 25,209 SF
      12302 Thompkins Dr, Austin, TX 78753
      View Details
    • Value Estimation
      $260,000
      7,995 SF

      500 Cyn Rdg Dr

      SHOPPING CENTER, STRIP CENTER • 7,995 SF
      500 Cyn Rdg Dr, Austin, TX 78753-1632
      View Details
    • Value Estimation
      $110,000
      8,600 SF

      1033 Howard Ln

      SHOPPING CENTER, STRIP CENTER • 8,600 SF
      1033 Howard Ln, Austin, TX 78753-9749
      View Details
    • Value Estimation
      $260,000
      6,150 SF

      10009 Lamar Blvd

      SHOPPING CENTER, STRIP CENTER • 6,150 SF
      10009 Lamar Blvd, Austin, TX 78753-4117
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      51,829 SF

      Retail Space with Highway Visibility

      86,300 SF retail space with excellent highway access.
      13609 N Interstate 35, Austin, TX 78753
      View Details
    • Contact for pricing
      2,235 SF

      Retail Space Near I-35

      Retail space with easy highway access in northeast Austin.
      814 E Rundberg Ln, Austin, TX 78753
      View Details
    • $1,200,000

      Warehouse-Style Buildings on Large Lot

      Income-producing property with redevelopment potential on 0.87 acres.
      11108 Georgian Dr, Austin, TX 78753
      View Details
    • Contact for pricing

      20-Acre Development Site in Austin

      20.01-acre development site in east Austin near major corporations.
      4843 E Yager Ln, Austin, TX 78753
      View Details
    • $89,000

      Creekside Lot in North Austin

      Spacious lot backing to a scenic creek in North Austin!
      11507 February Dr, Austin, TX 78753
      View Details
    • $250,000
      1,115 SF

      Updated Townhome in Copperfield

      Updated 3 bed, 2 bath townhome in Austin's Copperfield.
      1007 Markham Ln, Austin, TX 78753
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Location in Austin

      High-visibility retail space near I-35 and Parmer Lane.
      12901 I-35 North & Parmer Ln, Austin, TX 78753
      View Details
    • $1,523 /Mo
      1,108 SF

      Retail Space in Palmhurst Center

      High-visibility retail space with expansion options in Palmhurst, Texas.
      4322 N Conway Ave, Mission, TX 78753
      View Details
    • Contact for pricing
      3,507 SF

      Retail Space in H-E-B Center

      Sublease opportunity in H-E-B anchored shopping center.
      9504 N Lamar Blvd, Austin, TX 78753
      View Details
    • Contact for pricing
      116,127 SF

      Shops at Tech Ridge Space

      Redevelopment opportunity at Shops at Tech Ridge in Austin.
      12625 N Interstate 35, Austin, TX 78753
      View Details
    • $17 SF/Yr
      115,843 SF

      North Park Shopping Center Investment

      Austin Retail Space: High Traffic Location
      9616 Lamar Blvd, Austin, TX 78753
      View Details
    • $33 SF/Yr
      16,800 SF

      The Ridge: Austin Medical Office Space

      16,800 SF Medical/Retail Building, Austin, TX
      1111 Howard Ln, Austin, TX 78753
      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      1.5k
    • Avg Time on site
      28 min
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    701 Provines Dr
    Austin, TX 78753-3007
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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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