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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Strip malls
8209 Burnet Rd Austin, TX 78757-7713
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-2596949
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Construction
STEEL FRAME
Total area
32,680 SF
Lot
3.39 ac (147,864 SF)
APN
239060903
UPID
US82-2596949
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Hardeman Family Joint Ventrue Ltd · 3 yrs held
Hardeman Family Joint Ventrue Ltd
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,255,000
Current use
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$33 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$209,480
Tax year 2022
Assessed value
$10,607,000
Assessed 2023
Previous assessed
$10,607,000
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$10,008,612
Assessed improvement
$598,388
Land market value
$10,008,612
Improvement market value
$598,388
Total market value
$10,607,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
2
Total area
32,680 SF
Lot
3.39 ac (147,864 SF)
APN
239060903
UPID
US82-2596949
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
2
Lot
3.39 ac
Current owner
From public records · entity-resolved
Hardeman Family Joint Ventrue Ltd
Individual
Mailing address
6757 AIRPORT BLVD AUSTIN
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2023
—
Hardeman Family Joint Ventrue Ltd
8209 Burnet LP
Warranty Deed
$6,200,000 · Wells Fargo Bank NA
Apr 27, 2017
—
Wc Teakwood Plaza LLC
—
Deed
related
$7,600,000 · First St Bk/ctrl Tx
Sep 27, 2016
—
Wc Teakwood Plaza LLC
Wc 8201 Burnet LP
Quit Claim Deed
$98,950,000 · Acrc Lender
Jul 29, 2016
—
Wc 8201 Burnet LP
—
Deed
related
$37,355 · Lasalle Bk NA #2005-pwr9 (ce)
Dec 29, 2010
—
Wc 8201 Burnet LP
Cfh Realty II Of Teakwood LP
Grant Deed
related
—
Jul 28, 2005
—
Cfh Realty III Teakwood LP
Schmidt Investments Ltd
Special Warranty Deed
$4,480,000 · Principal Commercial Funding LLC
—
—
Wc 8201 Burnet LP
—
Loan Modification
related
$37,355 · Lasalle Bk NA #2005-pwr9 (ce)
—
—
Wc Teakwood Plaza LLC
—
Deed Of Trust
related
$7,600,000 · First St Bk/ctrl Tx
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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