Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7216 Bennett Ave Austin, TX 78752-2701

    • Office buildings
    • 3,196 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2974237
    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

    • Black's Memorial Missionary Baptist Church / Baptist Church

    Property Details for 7216 Bennett Ave

    Year built
    1995
    Lot size
    0.42 lot acres
    Property size
    3,196 SF
    Property type
    Office buildings
    APN
    229150801
    APU
    229150801

    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
    -97.7001
    Latitude
    30.3323
    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
    $147,943
    $420,492
    $568,435
    -
    $147,943
    $420,492
    $568,435

    Comparable in this City

    • Value Estimation
      $680,000
      12,992 SF

      6901 Lamar Blvd

      OFFICE BUILDING • 12,992 SF
      6901 Lamar Blvd, Austin, TX 78752-3529
      View Details
    • Value Estimation
      $1,625,000
      87,898 SF

      6300 La Calma Dr

      OFFICE BUILDING • 87,898 SF
      6300 La Calma Dr, Austin, TX 78752-3843
      View Details
    • Value Estimation
      $1,600,000
      69,620 SF

      7600 Chevy Chase Dr

      OFFICE BUILDING • 69,620 SF
      7600 Chevy Chase Dr, Austin, TX 78752-1581
      View Details
    • Value Estimation by Request
      7,097 SF

      510 Anderson Ln

      OFFICE BUILDING • 7,097 SF
      510 Anderson Ln, Austin, TX 78752-1218
      View Details
    • Value Estimation
      $605,000
      15,025 SF

      124 Anderson Ln

      OFFICE BUILDING • 15,025 SF
      124 Anderson Ln, Austin, TX 78752-1104
      View Details
    • Value Estimation by Request
      5,592 SF

      116 Huntland Dr

      OFFICE BUILDING • 5,592 SF
      116 Huntland Dr, Austin, TX 78752-3702
      View Details

    Similar Nearby for Sale

    • $12,750,000
      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
      86,910 SF

      Executive Office Building, Austin

      86,910 SF Office, Austin, TX
      1200 Anderson Ln, Austin, TX 78752
      View Details
    • Contact for pricing
      60,613 SF

      Austin Office Building: Sale-Leaseback

      60K SF Office, Prime Austin Location
      7620 Guadalupe St, Austin, TX 78752
      View Details
    • $8,000,000

      Nine-Unit Townhome Investment Property

      Nine townhome units with private backyards and pools.
      7104 Creekside Dr, Austin, TX 78752
      View Details
    • $559,900

      Transit-Accessible Fourplex Investment Opportunity

      Fourplex near transit with income potential in Austin, Texas.
      604 Gaylor St, Austin, TX 78752
      View Details
    • $2,100,000
      3.58 Acres

      Austin Commercial Land - Hwy 183

      3.58 Acres, Prime Development Site
      1517 Anderson Ln, Austin, TX 78752
      View Details

    Similar Nearby for Lease

    • 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
    • $30 SF/Yr
      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
    • $18 SF/Yr
      811 SF

      Central Austin Office Space Available

      Six-story office building with upgraded amenities and convenient location.
      505 E Huntland Dr, Austin, TX 78752
      View Details
    • Contact for pricing
      17,086 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
    • Contact for pricing
      101,416 SF

      Lamar Towers Executive Suites

      Austin Office Space: 9 Suites Available
      7701 Lamar Blvd, Austin, TX 78752
      View Details
    • Contact for pricing
      37,688 SF

      Prime Austin Executive Office Space

      Modern Austin Office, 2,505 SF Available
      300 Highland Mall Blvd, Austin, TX 78752
      View Details
    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.
    7216 Bennett Ave
    Austin, TX 78752-2701
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.