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    7409 Riverside Dr Austin, TX 78741
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    Property profile & analytics

    7409 Riverside Dr Austin, TX 78741

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    • Commercial real estate
    Off-Market
    Property ID
    US82-4076676
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7409 Riverside Dr

    Property type
    Commercial real estate

    Description

    This exceptional commercial land lease opportunity presents 1 to 11.79 acres of prime real estate in Austin, Texas. Located at 7409 E Riverside Dr, 78741, this corner lot boasts a highly visible position at a major highway intersection, ensuring significant traffic exposure. The property's strategic location serves as a gateway to Austin's rapidly developing East side, offering unparalleled access to a thriving market. The expansive acreage provides ample space for a wide range of commercial ventures. Potential uses include, but are not limited to, car dealerships, food truck parks, and beer gardens. Its proximity to Austin-Bergstrom International Airport and numerous hotels makes it particularly attractive for businesses catering to travelers and tourists. The single-tenant lease structure offers flexibility and control. This is a rare chance to secure a substantial commercial land parcel in one of Austin's most dynamic and rapidly growing areas. The property's size and location make it an ideal investment for businesses seeking high visibility and accessibility. The latitude and longitude coordinates are 30.2190663, -97.6923216. This is a unique opportunity to establish a thriving business in a prime Austin location. Don't miss out on this exceptional chance to secure a piece of Austin's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6923216
    Latitude
    30.2190663

    Comparable in this City

    • Contact for pricing

      Austin Land with River Access

      Land with river access near downtown Austin and airport.
      90 Montopolis Dr, Austin, TX 78741
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      249,000 SF

      Office Space in River Park

      Transit-oriented office space within a large mixed-use development.
      4820 East Riverside Dr, Austin, TX 78741
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      50,000 SF

      Warehouse Space with Spec Office

      50,000 SF warehouse divisible to 8,000 SF for rent.
      7401 E Ben White Blvd, Austin, TX 78741
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      Wells Fargo Building Office Space

      Conveniently located office space at IH-35 and Highway 71.
      2028 E Ben White Blvd, Austin, TX 78741
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      3,519 SF

      Office Space Available For Rent

      Office space available for rent with 3519 square feet.
      2015 Frontage Rd, Austin, TX 78741
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      15,000 SF

      Value Office/Flex Space Available

      Office/flex space with high parking ratio near airport.
      2914 Montopolis Dr, Austin, TX 78741
      View Details

    Similar Nearby for Sale

    • $218,000

      Land For Sale in Austin

      Land available in Austin, Texas.
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      2.6 Acres on Ben White

      2.6 acres of commercial land with excellent access.
      5202 E Ben White Blvd, Austin, TX 78741
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    Similar Nearby for Lease

    • Contact for pricing

      Austin Land with River Access

      Land with river access near downtown Austin and airport.
      90 Montopolis Dr, Austin, TX 78741
      View Details
    • Contact for pricing
      249,000 SF

      Office Space in River Park

      Transit-oriented office space within a large mixed-use development.
      4820 East Riverside Dr, Austin, TX 78741
      View Details
    • Contact for pricing
      50,000 SF

      Warehouse Space with Spec Office

      50,000 SF warehouse divisible to 8,000 SF for rent.
      7401 E Ben White Blvd, Austin, TX 78741
      View Details
    • Contact for pricing

      Wells Fargo Building Office Space

      Conveniently located office space at IH-35 and Highway 71.
      2028 E Ben White Blvd, Austin, TX 78741
      View Details
    • Contact for pricing
      3,519 SF

      Office Space Available For Rent

      Office space available for rent with 3519 square feet.
      2015 Frontage Rd, Austin, TX 78741
      View Details
    • Contact for pricing
      15,000 SF

      Value Office/Flex Space Available

      Office/flex space with high parking ratio near airport.
      2914 Montopolis Dr, Austin, TX 78741
      View Details
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    7409 Riverside Dr
    Austin, TX 78741
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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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