Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    816 Congress Ave Austin, TX 78701
    Back to Search
    Property profile & analytics

    816 Congress Ave Austin, TX 78701

    View on Map
    • Commercial real estate
    • 509,644 SF
    • 0.54 lot acres
    For Lease
    $6,105,000
    View Listing →
    Class A Office Space Available For Lease
    $6,105,000
    21,900 SF

    Class A Office Space Available

    Downtown Austin office space with modern amenities and Capitol views.

    816 Congress Ave, Austin, TX
    View Listing
    Property ID
    US82-5448888
    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

    • Focused Advocacy / Business Management Consultant
    • Castleberry Engineering & Cons / Engineer
    • Eva Church / Church
    • Jerry Valdez Governmental / Auto Repair Shop
    • Oscar / Employment Agency

    Property Details for 816 Congress Ave

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    0.54 lot acres
    Property size
    509,644 SF
    Property type
    Commercial real estate
    APN
    206030406
    APU
    206030406

    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
    -97.7423
    Latitude
    30.2706
    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
    $15,999,848
    $132,598,632
    $148,598,480
    -
    $15,999,848
    $132,598,632
    $148,598,480

    Comparable in this City

    • Value Estimation by Request
      78,704 SF

      111 Congress Ave

      Office Units • 78,704 SF
      111 Congress Ave, Austin, TX 78701
      View Details
    • Value Estimation by Request
      0.20 Acres

      700 Red Riv St

      COMMERCIAL (GENERAL) • 0.20 Acres
      700 Red Riv St, Austin, TX 78701
      View Details
    • Value Estimation by Request
      0.21 Acres

      108 16th St

      COMMERCIAL (GENERAL) • 0.21 Acres
      108 16th St, Austin, TX 78701
      View Details
    • Value Estimation by Request
      0.14 Acres

      506 17th St

      COMMERCIAL (GENERAL) • 0.14 Acres
      506 17th St, Austin, TX 78701-1203
      View Details
    • Value Estimation by Request
      0.07 Acres

      408 17th St

      COMMERCIAL (GENERAL) • 0.07 Acres
      408 17th St, Austin, TX 78701-1207
      View Details
    • Value Estimation by Request
      3.50 Acres

      51st E Ave

      COMMERCIAL (GENERAL) • 3.50 Acres
      51st E Ave, Austin, TX 78701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,332 SF

      Historic Building on Congress Avenue

      26,313 SF historic building on Congress, suitable for owner/investor.
      712 Congress Ave, Austin, TX 78701
      View Details
    • $1,583,500

      Modern Austin Residences Condo

      Spacious 3 bed, 3 bath condo with downtown views.
      610 Davis St, Austin, TX 78701
      View Details
    • $4,900,000

      Charming Victorian Office Building

      Central Austin office building near University of Texas and Downtown.
      506 W 14Th St W B, Austin, TX 78701
      View Details
    • $660,000

      Downtown Austin Condo with Amenities

      Furnished condo in the heart of Austin with short-term rental.
      48 East Ave, Austin, TX 78701
      View Details
    • $375,000
      741 SF

      West Avenue Office Space Available

      Office space with open floor plan, private offices, and parking.
      904 West Ave, Austin, TX 78701
      View Details
    • $3,634,800
      3,728 SF

      Downtown Austin Office Building

      Office building with redevelopment potential in downtown Austin.
      506 W 15Th St, Austin, TX 78701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,225 SF

      Downtown Austin Office Space For Lease

      Premium Austin location, flexible layouts, new construction.
      607 W 14th St, Austin, TX 78701
      View Details
    • Contact for pricing
      4,954 SF

      Luxury Austin Office Space

      Prestigious Executive Office Suite Available
      114 7Th St, Austin, TX 78701
      View Details
    • Contact for pricing

      Church Available for Lease

      Church with sanctuary, meeting rooms, classrooms, and kitchen available for lease.
      1110 Guadalupe St, Austin, TX 78701
      View Details
    • Contact for pricing

      Office Space Available for Rent

      Office space for rent at 212 Lavaca Street, Austin.
      212 Lavaca St, Austin, TX 78701
      View Details
    • Contact for pricing
      4,909 SF

      Move-in Ready Furnished Office Space

      Sophisticated, furnished office space available for rent.
      300 Colorado St, Austin, TX 78701
      View Details
    • Contact for pricing
      500 SF

      Office Space in Austin, TX

      639 SF office space available for rent in Austin.
      1205 Rio Grande St, Austin, TX 78701
      View Details
    View Listing
    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.
    816 Congress Ave
    Austin, TX 78701
    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

    Thank You for Inquiry
    816 Congress Ave, Austin, TX, 78701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!