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

    7305 Burnet Rd Austin, TX 78757-2243

    • Strip malls
    • 3,100 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3840533
    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

    • SMOKE N CHILL #1 / Cigar Shop / Smoke Shop

    Property Details for 7305 Burnet Rd

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.16 lot acres
    Property size
    3,100 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    236050207
    APU
    236050207

    Description

    This exceptional retail opportunity is located at 7329 Burnet Road in Austin, Texas, zip code 78757. The property consists of a single, one-story building totaling 5,725 square feet, divided into five suites. Currently, 1,540 square feet of retail space is available for lease. The building was constructed in 1970 and is classified as Class C. The property boasts a prime location on Burnet Road, a high-traffic area with excellent visibility and proximity to popular Austin businesses. Ample parking is provided with 20 spaces available for tenants and customers. The property is situated in the Central submarket of Austin, offering easy access to various amenities and a thriving customer base. This storefront presents a unique chance to establish or expand a retail business in a highly desirable Austin location. The available space is ideal for a variety of retail uses, benefiting from the high foot traffic and strong local presence. The property's convenient location and ample parking make it an attractive option for both businesses and customers. This is a rare opportunity to secure retail space in a vibrant and growing area of Austin.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $455,000
      AUTO REPAIR, GARAGE
      $445,000
      COMMERCIAL (GENERAL)
      $325,000
      RETAIL STORES
      $235,000
      MEDICAL BUILDING
      $220,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7348
    Latitude
    30.349
    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
    $13,429
    $560,000
    $241,301
    $801,301
    -
    $560,000
    $241,301
    $801,301

    Comparable in this City

    • Value Estimation
      $510,000
      16,932 SF

      7950 Anderson Sq

      SHOPPING CENTER, STRIP CENTER • 16,932 SF
      7950 Anderson Sq, Austin, TX 78757-8400
      View Details
    • Value Estimation
      $670,000
      54,782 SF

      7301 Burnet Rd

      SHOPPING CENTER, STRIP CENTER • 54,782 SF
      7301 Burnet Rd, Austin, TX 78757-2250
      View Details
    • Value Estimation
      $615,000
      32,680 SF

      8209 Burnet Rd

      SHOPPING CENTER, STRIP CENTER • 32,680 SF
      8209 Burnet Rd, Austin, TX 78757-7713
      View Details
    • Value Estimation
      $315,000
      3,080 SF

      1712 Anderson Ln

      SHOPPING CENTER, STRIP CENTER • 3,080 SF
      1712 Anderson Ln, Austin, TX 78757
      View Details
    • Value Estimation
      $310,000
      2,440 SF

      1736 Anderson Ln

      SHOPPING CENTER, STRIP CENTER • 2,440 SF
      1736 Anderson Ln, Austin, TX 78757-1336
      View Details
    • Value Estimation
      $340,000
      3,760 SF

      1748 Anderson Ln

      SHOPPING CENTER, STRIP CENTER • 3,760 SF
      1748 Anderson Ln, Austin, TX 78757-1354
      View Details

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    Similar Nearby for Lease

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      Retail Space in Austin, TX

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      Retail Space on Northcross Drive

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      Retail Space on Anderson Lane

      Retail space available for lease in Austin, Texas.
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    • Contact for pricing
      3,742 SF

      Restaurant with Drive-Thru Available

      Second-generation restaurant with drive-thru at signalized intersection.
      8620 Burnet Rd, Austin, TX 78757
      View Details
    • Contact for pricing
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      Austin Retail Space - Steck Ave

      High-visibility retail space, multiple units available.
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      View Details
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    Austin, TX 78757-2243
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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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