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    8534 Congress Ave Austin, TX 78745-7628
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    8534 Congress Ave Austin, TX 78745-7628

    View on Map
    • Warehouses
    • 4,813 SF
    • 2.78 lot acres
    Off-Market
    Last Sale Jan 21, 2020
    Property ID
    US82-3938496
    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

    • The Dent Repair Shop / Auto Repair Shop
    • Royal Exotic Car Rentals / Car Rental Facility
    • Feel Something Studio / (Bike/Boat/Book/etc) Store / Photography Service
    • Tropical Smoothie Cafe / Restaurant
    • Flor Keeps / (Bike/Boat/Book/etc) Store / Florist

    Property Details for 8534 Congress Ave

    Year built
    2022
    Lot size
    2.78 lot acres
    Property size
    4,813 SF
    Property type
    Warehouses
    APN
    430090309
    APU
    430090309

    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
    -97.7874
    Latitude
    30.1721
    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
    $2,179,746
    $956,947
    $3,136,693
    -
    $2,179,746
    $956,947
    $3,136,693

    Comparable in this City

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      $1,745,000
      91,320 SF

      600 Industrial Blvd

      WAREHOUSE, STORAGE • 91,320 SF
      600 Industrial Blvd, Austin, TX 78745-1299
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    • Value Estimation
      $1,540,000
      84,500 SF

      8200 Interstate 35

      MINI-WAREHOUSE, STORAGE • 84,500 SF
      8200 Interstate 35, Austin, TX 78745-6689
      View Details
    • Value Estimation by Request
      4,284 SF

      5101 Congress Ave

      WAREHOUSE, STORAGE • 4,284 SF
      5101 Congress Ave, Austin, TX 78745
      View Details
    • Value Estimation by Request
      3,096 SF

      7310 Congress Ave

      WAREHOUSE, STORAGE • 3,096 SF
      7310 Congress Ave, Austin, TX 78745-6601
      View Details
    • Value Estimation
      $595,000
      22,799 SF

      6510 Congress Ave

      WAREHOUSE, STORAGE • 22,799 SF
      6510 Congress Ave, Austin, TX 78745-4462
      View Details
    • Value Estimation
      $1,750,000
      100,550 SF

      7104 Congress Ave

      MINI-WAREHOUSE, STORAGE • 100,550 SF
      7104 Congress Ave, Austin, TX 78745
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,340 SF

      South Congress Flex Building Opportunity

      20,340 SF flex building on 1.142 acres in Austin.
      4719 S Congress Ave, Austin, TX 78745
      View Details
    • $619,000
      0.24 Acres

      South Austin Build-Ready Lot

      Prime location, dual residential potential.
      4409 Banister Ln, Austin, TX 78745
      View Details

    Similar Nearby for Lease

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      9,600 SF

      Austin Warehouse Space Available

      9,600 sq ft warehouse space for rent in Austin.
      4307 Willow Springs Rd, Austin, TX 78745
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      Retail and Warehouse Space Available

      Retail and warehouse spaces available for lease.
      500 W William Cannon Dr, Austin, TX 78745
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      47,420 SF

      Warehouse with Dock High Doors

      71,474 SF warehouse featuring dock high doors.
      6320 E Stassney Ln, Austin, TX 78745
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      South Congress Flex Space Available

      Flex space suitable for warehouse, workshop, office, and retail.
      7601 South Congress Ave, 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
    • 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

    Property Visit Statistics

    • Visits by month
      1.9k
    • Visitors by month
      1.4k
    • Avg Time on site
      20 min
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    8534 Congress Ave
    Austin, TX 78745-7628
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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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