Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8602 Fm 969th Rd Austin, TX 78724-6262

    • Grocery and convenience stores
    • 3,500 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1353118
    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

    • Western Union / Money Transfer Service
    • 969 Xpress (Texaco) / Gas Station
    • Texaco / Gas Station
    • Sonic Drive-In / Fast Food Restaurant
    • ATM (ATM Link, Inc.) / Atm

    Property Details for 8602 Fm 969th Rd

    Year built
    2019
    Lot size
    1.08 lot acres
    Property size
    3,500 SF
    Property type
    Grocery and convenience stores
    APN
    211360204
    APU
    211360204

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6366
    Latitude
    30.2769
    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
    $94,438
    $799,232
    $893,670
    -
    $94,438
    $799,232
    $893,670

    Comparable in this City

    • Value Estimation
      $680,000
      3,600 SF

      6575 Decker Ln

      CONVENIENCE STORE • 3,600 SF
      6575 Decker Ln, Austin, TX 78724-4621
      View Details
    • Value Estimation by Request
      5,824 SF

      12200 Fm 969th Rd

      CONVENIENCE STORE • 5,824 SF
      12200 Fm 969th Rd, Austin, TX 78724-6330
      View Details
    • Value Estimation by Request
      2,660 SF

      8600 Hwy 290

      CONVENIENCE STORE • 2,660 SF
      8600 Hwy 290, Austin, TX 78724-2410
      View Details
    • Value Estimation by Request
      2,296 SF

      Fm Rr 969

      CONVENIENCE STORE • 2,296 SF
      Fm Rr 969, Austin, TX 78724
      View Details
    • Value Estimation
      $1,115,000
      31,118 SF

      6506 Decker Ln

      GROCERY, SUPERMARKET • 31,118 SF
      6506 Decker Ln, Austin, TX 78724-4622
      View Details
    • Value Estimation by Request
      5,375 SF

      Us Hy 290

      CONVENIENCE STORE • 5,375 SF
      Us Hy 290, Austin, TX 78724
      View Details

    Similar Nearby for Sale

    • $2,750,000

      Central Austin Industrial Building

      Functional industrial space with highway access in central Austin.
      4909 Commercial Park Dr, Austin, TX 78724
      View Details
    • $1,500,000

      Land with Development Potential

      3.028 acres suitable for live-work or business use.
      5906 N Fm 973, Austin, TX 78724
      View Details
    • $455,000

      Austin Specialty Property For Sale

      Specialty property available for purchase in Austin, Texas.
      5501 Purple Sage Dr, Austin, TX 78724
      View Details
    • Contact for pricing

      Land Near Austin Semiconductor

      Land located near major Austin employers.
      9212 Decker Ln, Austin, TX 78724
      View Details
    • Contact for pricing
      14.28 Acres

      Prime Austin Industrial Land

      14 Acres Near Tesla Gigafactory
      13400 Fm 969, Austin, TX 78724
      View Details
    • Contact for pricing

      Austin Land Development Opportunity

      4.1-acre land development site near Tesla Gigafactory.
      8101 Fm 973, Austin, TX 78724
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,800 SF

      Retail Center on Highway 290

      Multi-tenant retail center with high visibility and accessibility.
      9521 Highway 290 W, Austin, TX 78724
      View Details
    • Contact for pricing
      8,700 SF

      Retail Space For Lease

      Retail space available for lease near Tesla factory.
      6204 Fm 969, Austin, TX 78724
      View Details
    • $28 SF/Yr
      1,750 SF

      Retail Space in Neighborhood Center

      Retail space available in a great neighborhood center.
      14509 Fm 969, Austin, TX 78724
      View Details
    • Contact for pricing
      6,000 SF

      Warehouse Near US-183 and US-290

      6,000 SF warehouse with 16' clear height for lease.
      8107 Springdale Rd, Austin, TX 78724
      View Details
    • Contact for pricing
      681,259 SF

      Austin Warehouse Space for Lease

      Large industrial warehouse space available for lease in Austin, TX.
      11801 Decker Lake Rd, Austin, TX 78724
      View Details
    • Contact for pricing
      38,400 SF

      Adaptable Warehouse Space in Austin

      38,400 SF warehouse space suitable for various operations.
      8115 Altoga Dr, Austin, TX 78724
      View Details

    Property Visit Statistics

    • Visits by month
      20.8k
    • Visitors by month
      13.0k
    • Avg Time on site
      12 min
    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.
    8602 Fm 969th Rd
    Austin, TX 78724-6262
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.