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

    8008 Congress Ave Austin, TX 78745-7302

    • Warehouses
    • 43,712 SF
    • 3.61 lot acres
    OFF-MARKET
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4056979
    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

    • Devon Self Storage / Storage Facility
    • IREP Junk Removal | Trash Valet | Waste Management | Austin / Waste Management Facility / Hazardous Waste Disposal
    • Near2Me Self Storage Units Austin TX / Storage Facility
    • Record Nations / Storage Facility
    • Near2Me Self Storage Units / Storage Facility

    Property Details for 8008 Congress Ave

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    3.61 lot acres
    Property size
    43,712 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    428090201
    APU
    428090201

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7846
    Latitude
    30.1789
    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
    $99,350
    $2,360,734
    $3,157,760
    $5,518,494
    -
    $2,360,734
    $3,157,760
    $5,518,494

    Comparable in this City

    • Value Estimation
      $955,000
      37,460 SF

      4632 Lamar Blvd

      MINI-WAREHOUSE, STORAGE • 37,460 SF
      4632 Lamar Blvd, Austin, TX 78745-1304
      View Details
    • Value Estimation
      $4,085,000
      196,884 SF

      4500 Congress Ave

      MINI-WAREHOUSE, STORAGE • 196,884 SF
      4500 Congress Ave, Austin, TX 78745-1908
      View Details
    • Value Estimation by Request
      12,200 SF

      1607 Matthews Ln

      MINI-WAREHOUSE, STORAGE • 12,200 SF
      1607 Matthews Ln, Austin, TX 78745-6120
      View Details
    • Value Estimation
      $1,715,000
      91,350 SF

      610 Stassney Lna

      MINI-WAREHOUSE, STORAGE • 91,350 SF
      610 Stassney Lna, Austin, TX 78745-3222
      View Details
    • Value Estimation
      $865,000
      21,000 SF

      5405 Wasson Rd

      MINI-WAREHOUSE, STORAGE • 21,000 SF
      5405 Wasson Rd, Austin, TX 78745-3215
      View Details
    • Value Estimation
      $1,365,000
      47,200 SF

      201 Stassney Ln

      MINI-WAREHOUSE, STORAGE • 47,200 SF
      201 Stassney Ln, Austin, TX 78745-3144
      View Details

    Similar Nearby for Sale

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      20,340 SF

      South Congress Flex Building Opportunity

      20,340 SF flex building on 1.142 acres in Austin.
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      Austin Infill Development Land

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    Similar Nearby for Lease

    • Contact for pricing
      1,900 SF

      Warehouse with HVAC and Shed

      1,900 SF warehouse with HVAC and 0.22 acre lot.
      4324 Willow Springs Rd, Austin, TX 78745
      View Details
    • Contact for pricing
      71,474 SF

      Warehouse with Dock High Doors

      71,474 SF warehouse featuring dock high doors.
      6320 E Stassney Ln, Austin, TX 78745
      View Details
    • Contact for pricing
      1,600 SF

      Insulated Warehouse Space Available Now

      Insulated warehouse space with grade-level doors, available for rent.
      4503-4505 Terry O Ln, Austin, TX 78745
      View Details
    • $11 SF/Yr
      4,000 SF

      South Austin Warehouse Sublease

      1,980 SF Climate-Controlled Warehouse
      8708 Congress Ave, Austin, TX 78745
      View Details
    • Contact for pricing
      15,500 SF

      Industrial Space Available For Lease

      15,500 square foot industrial space in Austin, Texas.
      504 Industrial Blvd, Austin, TX 78745
      View Details
    • Contact for pricing
      9,600 SF

      Austin Warehouse Space Available

      9,600 sq ft warehouse space for rent in Austin.
      4307 Willow Springs Rd, Austin, TX 78745
      View Details

    Property Visit Statistics

    • Visits by month
      2.5k
    • Visitors by month
      937
    • Avg Time on site
      24 min
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    8008 Congress Ave
    Austin, TX 78745-7302
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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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