Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7121 Lamar Blvd Austin, TX 78752-2309
    Back to Search
    Property profile & analytics

    7121 Lamar Blvd, Austin, TX 78752-2309

    View on Map
    • Office buildings
    • 11,480 SF
    • 0.92 lot acres
    Off-Market
    Property ID
    US82-0698536
    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.
    Value Estimations
    $910,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RED VELVET / Marketing & Advertising / Event Planning
    • Site of University Airport / Airport
    • BP3 Global, Inc. / Corporate Office
    • Jacky the Jackalope / Sculpture
    • Polygraph Media / Marketing & Advertising

    Property Details for 7121 Lamar Blvd

    Year built
    1945
    Construction
    STEEL FRAME
    Lot size
    0.92 lot acres
    Property type
    Office buildings
    APN
    233100402
    APU
    233100402

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 30, 2023 — Outplan LLC — Deed · related $2.6M · Bank Of America NA
    Apr 3, 2017 — Outplan LLC — Deed · related $1.2M · Bank Of America
    Oct 26, 2016 — Outplan LLC Alp Lamar LLC Grant Deed $2.1M · Bank Of America
    Jun 1, 2016 — Ashkenazi,zahi & R Fam Trust Airport Lamar Partners Ltd Quit Claim Deed · related $1.4M · Other Institutional Lenders
    Apr 8, 2015 — Airport Lamar Partners Ltd Sl Crestview LP Grant Deed · related —
    — — Outplan LLC — Deed Of Trust · related $1.2M · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,205,000
      Market price range: $160k - $1.23M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $665,000
      Current use
      COMMERCIAL (GENERAL)
      $1,210,000
      Change: +82% Conversion: Easy
      RESTAURANT
      $880,000
      Change: +32% Conversion: Moderate
      MEDICAL BUILDING
      $810,000
      Change: +22% Conversion: Easy
      RETAIL STORES
      $780,000
      Change: +17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7176
    Latitude
    30.3384
    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
    $80,832
    $3,042,584
    $1,457,416
    $4,500,000
    -
    $3,042,584
    $1,457,416
    $4,500,000

    Comparable in this City

    • Value Estimation
      $1,600,000
      69,620 SF

      7600 Chevy Chase Dr

      OFFICE BUILDING
      7600 Chevy Chase Dr, Austin, TX 78752-1581
      View Details
    • Value Estimation by Request
      7,097 SF

      510 Anderson Ln

      OFFICE BUILDING
      510 Anderson Ln, Austin, TX 78752-1218
      View Details
    • Value Estimation
      $605,000
      15,025 SF

      124 Anderson Ln

      OFFICE BUILDING
      124 Anderson Ln, Austin, TX 78752-1104
      View Details
    • Value Estimation
      $1,625,000
      87,898 SF

      6300 La Calma Dr

      OFFICE BUILDING
      6300 La Calma Dr, Austin, TX 78752-3843
      View Details
    • Value Estimation
      $680,000
      12,992 SF

      6901 Lamar Blvd

      OFFICE BUILDING
      6901 Lamar Blvd, Austin, TX 78752-3529
      View Details
    • Value Estimation by Request
      1,753 SF

      5821 Airport Blvd

      OFFICE BUILDING
      5821 Airport Blvd, Austin, TX 78752-4203
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,000 SF

      Renovated Office Space in Austin

      Prime Austin location near transit, restaurants, and entertainment.
      500 Pampa Dr, Austin, TX 78752
      View Details
    • Contact for pricing
      1,093,363 SF

      Austin Office Campus For Sale

      Two-building office campus in Austin, Texas, near I-35.
      7715-7745 Chevy Chase Dr, Austin, TX 78752
      View Details
    • Contact for pricing
      60,613 SF

      Renovated Office Building Guadalupe Street

      Renovated office building near CBD with highway access.
      7620 Guadalupe St, Austin, TX 78752
      View Details
    • Contact for pricing
      86,910 SF

      Executive Office Building, Austin

      86,910 SF Office, Austin, TX
      1200 Anderson Ln, Austin, TX 78752
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      61,537 SF

      North Central Office Space Available

      Office building with excellent access and on-site management.
      7600 Chevy Chase Dr, Austin, TX 78752
      View Details
    • $25 SF/Yr
      11,894 SF

      Northeast Austin Office Space

      Move-in ready office suites with easy highway access.
      1016 La Posada Dr, Austin, TX 78752
      View Details
    • Contact for pricing
      3,439 SF

      Prime Office Space in Austin

      Office space with excellent access and parking in Austin, TX.
      6300 La Calma Dr, Austin, TX 78752
      View Details
    • $30 SF/Yr
      8,511 SF

      Office Space Available For Lease

      Office space available for lease in Austin, Texas.
      7010 Easy Wind Dr, Austin, TX 78752
      View Details
    • Contact for pricing
      10,742 SF

      Renovated Office Space on Airport

      Three-story renovated office building with modern layouts and ample parking.
      5815 Airport Blvd, Austin, TX 78752
      View Details
    • Contact for pricing

      Chase Park

      Discover many ways to work your way in Chase Park
      7600 Chevy Chase Dr, Austin, TX 78752
      View Details

    Property Visit Statistics

    • Visits by month
      62.1k
    • Visitors by month
      46.6k
    • Avg Time on site
      29 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7121 Lamar Blvd
    Austin, TX 78752-2309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7121 Lamar Blvd, Austin, TX, 78752
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!