Back to Search
Property profile & analytics
FOR LEASE
Warehouses
705 Wallingford Bend Dr Austin, TX 78752
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-0408365
For Lease
1 / 2
$580,000
705 Wallingford Bend Dr, Austin, TX 78752
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1952
Construction
CONCRETE
Total area
18,216 SF
Lot
0.85 ac (37,122 SF)
APN
231090907
UPID
US82-0408365
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$580k
Owner & transaction history
Plr Lamar LLC · 12 yrs held
Plr Lamar LLC
since 2014
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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$710,000
Current use
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$32 / 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
$62,373
Tax year 2022
Assessed value
$3,434,900
Assessed 2023
Previous assessed
$3,158,268
+8.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,484,880
Assessed improvement
$1,950,020
Land market value
$1,484,880
Improvement market value
$1,950,020
Total market value
$3,434,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1952
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
18,216 SF
Lot
0.85 ac (37,122 SF)
APN
231090907
UPID
US82-0408365
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
WAREHOUSE, STORAGE Current
Est. value
$710,000
WAREHOUSE, STORAGE 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
1952
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Plr Lamar LLC
Entity
Mailing address
1779 WLS BR PKWY #1108, AUSTIN, TX 78728-7090
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2019
—
Plr Lamar LLC
—
Deed
related
$874,609 · Bancorpsouth
May 14, 2019
—
Plr Lamar LLC
—
Deed
related
$885,307 · Bancorpsouth
Apr 15, 2014
—
Plr Lamar LLC
Wallingford Bend LLC
Grant Deed
$1,057,000 · First St Bk/ctrl Tx
Oct 16, 2012
—
Wallingford Bend LLC
Stedman,roy
Warranty Deed
$509,000 · Smartbank
Jun 7, 2010
—
Roy Stedman
—
Trustees Deed
related
$564,025 · J P Morgan Chase Bank
Mar 31, 2005
—
Roy Stedman
Wallingford Enterprises INC
Venders Lien
$712,277 · Jpmorgan Chase Bank NA
Apr 2, 1997
—
Wallingford Enterprises INC
Kuhn,michael J
Grant Deed
$575,000 · Seller
—
—
Wallingford Enterprises INC
—
Deed Of Trust
related
$38,521 · Stahl Martens & Bernal I LLP
—
—
Wallingford Enterprises INC
—
Deed Of Trust
related
$523,042 · Roy Stedman
—
—
Plr Lamar LLC
—
Loan Modification
related
$885,307 · Bancorpsouth
—
—
Plr Lamar LLC
—
Loan Modification
related
$874,609 · Bancorpsouth
—
—
Roy Stedman
—
Deed Of Trust
related
—
—
—
Roy Stedman
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
