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    7622 Interstate 35 Austin, TX 78752-1630
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    Property profile & analytics

    7622 Interstate 35, Austin, TX 78752-1630

    View on Map
    • Hotels
    • 63,454 SF
    • 2.49 lot acres
    Off-Market
    Property ID
    US82-3121559
    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
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 7622 Interstate 35

    Year built
    1980
    Lot size
    2.49 lot acres
    Property type
    Hotels
    APN
    232150118
    APU
    232150118

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 31, 2020 — Shiv Partners Ltd — Deed · related $7.5M · Bank Of Hope
    Jul 6, 2016 — Shiv Partners Ltd — Deed · related $2.8M · Wilshire Bk
    May 2, 2013 — Shiv Partners Ltd — Trustees Deed · related $480k · Athens Host 1 LLC
    Sep 6, 2011 — Shiv Partners Ltd Shiv Partners Ltd Quit Claim Deed $3.6M · Wilshire State Bank
    Aug 30, 2006 — Coinmach Corp Austin Host Ltd Grant Deed · related —
    Jun 14, 2005 — Shiv Partners Ltd Rfs Financing Pshp Grant Deed $2.6M · Wilshire State Bank
    — — Rfs Financing Ptshp — Deed Of Trust · related $353.5M · Deutsche Bank Trust Co America
    — — Shiv Partners Ltd — Deed Of Trust · related $7.5M · Bank Of Hope
    — — Shiv Partners Ltd — Deed Of Trust · related $5.5M · Wilshire Bk
    — — Shiv Partners Ltd — Deed Of Trust · related $350k · Wilshire State Bank
    — — Shiv Partners Ltd — Deed Of Trust · related $2.8M · Wilshire Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $544,000
      Market price range: $371k - $1.13M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $670,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.702
    Latitude
    30.3391
    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
    $205,984
    $2,172,280
    $9,749,720
    $11,922,000
    -
    $2,172,280
    $9,749,720
    $11,922,000

    Comparable in this City

    • Value Estimation
      $515,000
      34,848 SF

      700 Delmar Ave

      HOTEL
      700 Delmar Ave, Austin, TX 78752-2629
      View Details
    • Value Estimation by Request
      53,378 SF

      7619 Interstate 35

      HOTEL
      7619 Interstate 35, Austin, TX 78752-1629
      View Details
    • Value Estimation
      $730,000
      120,694 SF

      6711 Interstate 35

      HOTEL
      6711 Interstate 35, Austin, TX 78752-4307
      View Details
    • Value Estimation
      $1,535,000
      241,228 SF

      6505 Interstate 35

      HOTEL
      6505 Interstate 35, Austin, TX 78752-4303
      View Details
    • Value Estimation
      $675,000
      124,502 SF

      6000 Middle Fiskville Rd

      HOTEL
      6000 Middle Fiskville Rd, Austin, TX 78752-4315
      View Details
    • Value Estimation
      $905,000
      173,668 SF

      6121 Interstate 35

      HOTEL
      6121 Interstate 35, Austin, TX 78752-3801
      View Details

    Similar Nearby for Sale

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      0.28 Acres

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      Austin Office Campus For Sale

      Two-building office campus in Austin, Texas, near I-35.
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      Prime Commercial Land Opportunity

      3.58 acres of commercial land with development potential.
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      Commercial Land on Highway 183

      Prime development land with highway frontage near major routes.
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    Similar Nearby for Lease

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      Retail Space Available For Rent

      Retail space available, approximately 1,400 square feet.
      7600 N Lamar Blvd, Austin, TX 78752
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      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
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      9,044 SF

      Two-Story Office/Warehouse Building For Rent

      Two-story office/warehouse building with showroom, workshop, and fenced shipping.
      705 Wallingford Bend Dr, Austin, TX 78752
      View Details
    • 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
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      4,143 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces for lease with ample parking.
      Airport Blvd & Jacob Fontaine Ln, Austin, TX 78752
      View Details
    • Contact for pricing
      2,683 SF

      Restaurant with Drive-Thru Infrastructure

      Free-standing restaurant with drive-thru on a corner site.
      6419 Airport Blvd, Austin, TX 78752
      View Details

    Property Visit Statistics

    • Visits by month
      4.0k
    • Visitors by month
      2.0k
    • Avg Time on site
      386 min
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    Austin, TX 78752-1630
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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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