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

    7110 Fm Rr 2244 Austin, TX 78746

    • Grocery and convenience stores
    • 1,031 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    6.7%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US82-3394109
    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

    • Grocery and convenience stores

    Property Details for 7110 Fm Rr 2244

    Year built
    1992
    Construction
    CONCRETE
    Lot size
    1.15 lot acres
    Property size
    1,031 SF
    Property type
    Grocery and convenience stores
    APN
    119250107
    APU
    119250107

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $325,000
      6.5%
      $300,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $176,000
      Market price range: $102k - $176k

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8398
    Latitude
    30.3038
    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
    $0.00
    $406,523
    $288,719
    $695,242
    -
    $406,523
    $288,719
    $695,242

    Comparable in this City

    • Value Estimation
      $275,000
      2,400 SF

      6111 Fm 2244th Rd

      CONVENIENCE STORE • 2,400 SF
      6111 Fm 2244th Rd, Austin, TX 78746-5144
      View Details
    • Value Estimation
      $1,520,000
      65,576 SF

      701 Capital Of Texas Hwy

      GROCERY, SUPERMARKET • 65,576 SF
      701 Capital Of Texas Hwy, West Lake Hills, TX 78746-5205
      View Details
    • Value Estimation
      $395,000
      2,788 SF

      3625 Bee Caves Rd

      CONVENIENCE STORE • 2,788 SF
      3625 Bee Caves Rd, West Lake Hills, TX 78746-5313
      View Details
    • Value Estimation
      $415,000
      6,970 SF

      3310 Capital Of Texas Hwy

      CONVENIENCE STORE • 6,970 SF
      3310 Capital Of Texas Hwy, Austin, TX 78746-3442
      View Details
    • Value Estimation
      $400,000
      2,088 SF

      96 Redbud Trl

      CONVENIENCE STORE • 2,088 SF
      96 Redbud Trl, West Lake Hills, TX 78746-3600
      View Details
    • Value Estimation
      $745,000
      15,850 SF

      101 Westlake Dr

      FINANCIAL BUILDING • 15,850 SF
      101 Westlake Dr, West Lake Hills, TX 78746-5825
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,848 SF

      Westlake Hills Office Building

      High-visibility office building in Westlake Hills near retail.
      1101 S Capital Of Texas Hwy, Austin, TX 78746
      View Details
    • $1,495,000

      Lake Austin Dream Home Site

      Half-acre lot ready for your vision in Eanes ISD.
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      Land For Sale Austin

      Land available for sale in Austin, Texas.
      3107 Cavalcade Ct, Austin, TX 78746
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      Land for Sale in Austin

      Land available in Austin, Texas.
      2909 Stratford Dr, Austin, TX 78746
      View Details
    • $395,000
      0.51 Acres

      Austin Commercial Land Opportunity

      Prime 0.5-acre lot, owner financing available.
      412 Capital Of Texas Hwy, Austin, TX 78746
      View Details
    • Contact for pricing
      2,524 SF

      West Lake Hills Office Building

      Office building in Westlake/Bee Cave area, ideal for owner/user.
      1101 S Capital Of Texas Hwy, West Lake Hills, TX 78746
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail and Restaurant Space Available

      High-end retail and restaurant space in Bee Cave, Texas.
      12005 Bee Caves Rd, Austin, TX 78746
      View Details
    • Contact for pricing
      43,293 SF

      Retail Space in Austin Center

      Retail, service, and restaurant spaces available in Austin, Texas.
      4021 S Capital Of Texas Hwy, Austin, TX 78746
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in HEB Anchored Center

      Retail space available in HEB anchored shopping center.
      701 S Capital Of Texas Hwy, West Lake Hills, TX 78746
      View Details
    • $24 SF/Yr
      2,459 SF

      Class A Bank Space Available

      High-end bank space with drive-through and building signage.
      2009 S Capital Of Texas Hwy, Austin, TX 78746
      View Details
    • Contact for pricing
      129,230 SF

      CityView Center: Austin Retail Space

      Prime Austin Fitness Center Space Available
      1122 Capital Of Texas Hwy, Austin, TX 78746
      View Details
    • $42 SF/Yr
      23,439 SF

      Westlake Hills Medical Office Space

      Class A Medical Office Suites Available
      3423 Bee Cave Rd, West Lake Hills, TX 78746
      View Details
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    7110 Fm Rr 2244
    Austin, TX 78746
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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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