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    Property profile & analytics

    7113 Burnet Rd Austin, TX 78757-2249

    • Apartment buildings
    • 261,525 SF
    • 4.39 lot acres
    OFF-MARKET
    Last Sale
    Dec 22, 2021
    Value Estimations
    $2,295,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4641409
    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

    • SANGEETHA RAJAN / Physician
    • The Bounce House Party / Party Supply Store / Rental Equipment Company
    • Employ Sense Temporary Staffing / Employment Agency
    • hydromassage austin / Alternative Medicine Practice
    • Dbd Comasary / Take-out & Catering

    Property Details for 7113 Burnet Rd

    Year built
    2022
    Construction
    STEEL FRAME
    Lot size
    4.39 lot acres
    Property size
    261,525 SF
    Property type
    Apartment buildings
    APN
    235040306
    APU
    235040306

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7344
    Latitude
    30.3472
    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
    $255,021
    $11,698,135
    $1,387,809
    $13,085,944
    -
    $11,698,135
    $1,387,809
    $13,085,944

    Comparable in this City

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      APARTMENT HOUSE (5+ UNITS) • 6,498 SF
      6811 Great Northern Blvd, Austin, TX 78757-4300
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    • Value Estimation
      $655,000
      22,692 SF

      1220 Anderson Ln

      APARTMENT HOUSE (5+ UNITS) • 22,692 SF
      1220 Anderson Ln, Austin, TX 78757-1462
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    • Value Estimation by Request
      2,680 SF

      2109 Muroc St

      APARTMENT HOUSE (5+ UNITS) • 2,680 SF
      2109 Muroc St, Austin, TX 78757-2470
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    • Value Estimation
      $780,000
      20,454 SF

      1720 Wooten Park Dr

      APARTMENT HOUSE (5+ UNITS) • 20,454 SF
      1720 Wooten Park Dr, Austin, TX 78757-8262
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    • Value Estimation by Request
      13,378 SF

      8624 Fireside Dr

      APARTMENT HOUSE (5+ UNITS) • 13,378 SF
      8624 Fireside Dr, Austin, TX 78757-7192
      View Details
    • Value Estimation by Request
      17,700 SF

      7910 Gault St

      APARTMENT HOUSE (5+ UNITS) • 17,700 SF
      7910 Gault St, Austin, TX 78757-8418
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Central Austin Professional Office Space

      Multi-tenant office center in the heart of Central Austin.
      8015 Shoal Creek Blvd, Austin, TX 78757
      View Details
    • Contact for pricing
      6,920 SF

      Burnet Road Retail/Warehouse Space

      Retail and warehouse space with overhead doors and loading docks.
      6500 Burnet Rd, Austin, TX 78757
      View Details
    • $22 SF/Yr

      Functional Office Space Available

      Class B office space with flexible layout and ample parking.
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      1,369 SF

      Retail Space Near Central Austin

      Retail space with easy access in a central location.
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      7,982 SF

      Retail Space in Austin, TX

      Retail space available in a high-traffic Austin location.
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    • Contact for pricing
      1,895 SF

      North Central Austin Office Space

      33,000 SF office building in North Central Austin.
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    Request Owner's contact information
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    7113 Burnet Rd
    Austin, TX 78757-2249
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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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