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    8501 S 1St St Austin, TX 78748
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    8501 S 1St St Austin, TX 78748

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    South Austin Development Opportunity For Sale
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    South Austin Development Opportunity

    Prime land near Southpark Meadows and major Austin thoroughfares.

    8501 S 1st St, Austin, TX 78748
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    Property ID
    US82-2426484
    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 land

    Property Details for 8501 S 1St St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Prime Development Opportunity Located in South Austin • The site is located less than a mile North of Southpark Meadows, a 180+ acre mixed-use shopping area with a recently added 126k sf. HEB. • Construction began in late 2022 on the I-35 Capital Express South project, adding elevated managed lanes between SH-71 & Slaughter Ln and constructing a Southbound I-35 bypass lane that will allow traffic to bypass Stassney Ln & William Cannon Dr. The project is expected to be completed by 2028. Close Proximity To Major Thoroughfares • Site is located less than a mile West of I-35 with direct access via Slaughter Ln • 4 miles Southwest of SH-71 • 4 miles South of Loop 360/US-290 corridor • 4.5 miles East of Mopac • 4.5 miles North of TX-45 • 6 miles West of US-183 • 8 miles West of TX-130 Direct Access Across the Austin Metro Area • Sunset Valley/Arbor Trails: 12 minutes • ABIA: 15 minutes • South Congress (SoCo): 15 minutes • Buda: 15 minutes • Downtown Austin: 18 minutes

    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
    Hays
    State
    Texas
    Longitude
    -97.7971349
    Latitude
    30.177317

    Comparable in this City

    • Contact for pricing

      Commercial Lot For Sale

      0.38 AC lot with high visibility on arterial road.
      11519 Menchaca Rd, Austin, TX 78748
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      Developed Pad Site Available

      2.11 acre pad site planned for a bank.
      8901 Brodie Ln, Austin, TX 78748
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      Land with High Visibility

      Prime land with high visibility and easy access.
      10504 S Interstate 35, Austin, TX 78748
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    Similar Nearby for Sale

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      Developed Pad Site Available

      2.11 acre pad site planned for a bank.
      8901 Brodie Ln, Austin, TX 78748
      View Details
    • Contact for pricing

      Land with High Visibility

      Prime land with high visibility and easy access.
      10504 S Interstate 35, Austin, TX 78748
      View Details
    • Contact for pricing

      Commercial Lot For Sale

      0.38 AC lot with high visibility on arterial road.
      11519 Menchaca Rd, Austin, TX 78748
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,100 SF

      Austin Commercial Specialty Property

      Commercial space available for rent in Austin, Texas.
      2110 W Slaughter Ln, Austin, TX 78748
      View Details
    • Contact for pricing
      1,510 SF

      Retail Space For Lease

      Retail spaces available, suitable for salon or pilates studio.
      9911 Brodie Ln, Austin, TX 78748
      View Details
    • Contact for pricing
      2,920 SF

      Freestanding Building with Drive-Thru

      2,920 SF freestanding building with drive-thru on 0.689 AC.
      609 W Slaughter Ln, Austin, TX 78748
      View Details
    • Contact for pricing
      4,000 SF

      Austin Business Park Flex Space

      61,240 SF business park on 7.08 acres available for rent.
      10516 Menchaca Rd, Austin, TX 78748
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space in Southpark Meadows

      Retail space available in a high-traffic Austin shopping center.
      9500 S Interstate 35, Austin, TX 78748
      View Details
    • Contact for pricing
      3,656 SF

      Retail Space on Manchaca Road

      High visibility retail center with frontage on Manchaca Road.
      12110 Manchaca Rd, Austin, TX 78748
      View Details
    View Listing
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    Austin, TX 78748
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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.

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