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    8900 Congress Ave, Unit 2 Austin, TX 78745-7393

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    8900 Congress Ave, Unit 2 Austin, TX 78745-7393

    View on Map
    • Strip malls
    • 10,197 SF
    • 1.13 lot acres
    Off-Market
    Property ID
    US83-0128351
    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

    • PNC Mortgage / Loan Service / Bank
    • Jet's Pizza / Take-out & Catering
    • HEB Fish and Meat Market / Food Market / Farmer's Market
    • Schlotzsky's / Take-out & Catering
    • Gold's Gym Slaughter & South Congress / Gym & Fitness Center

    Property Details for 8900 Congress Ave

    Year built
    2020
    Lot size
    1.13 lot acres
    Property size
    10,197 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    430090318
    APU
    430090318

    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
    -97.7885
    Latitude
    30.1696
    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
    $79,827
    $982,373
    $3,142,627
    $4,125,000
    -
    $982,373
    $3,142,627
    $4,125,000

    Comparable in this City

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      $550,000
      19,175 SF

      5500 Interstate 35

      SHOPPING CENTER, STRIP CENTER • 19,175 SF
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    • Value Estimation
      $1,640,000
      53,940 SF

      502 William Cannon Dr

      SHOPPING CENTER, STRIP CENTER • 53,940 SF
      502 William Cannon Dr, Austin, TX 78745-5878
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    • Value Estimation
      $990,000
      43,393 SF

      5700 Menchaca Rd

      SHOPPING CENTER, STRIP CENTER • 43,393 SF
      5700 Menchaca Rd, Austin, TX 78745-3679
      View Details
    • Value Estimation by Request
      4,200 SF

      4619 Congress Ave

      SHOPPING CENTER, STRIP CENTER • 4,200 SF
      4619 Congress Ave, Austin, TX 78745-2380
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    • Value Estimation by Request
      6,528 SF

      7811 1st St

      SHOPPING CENTER, STRIP CENTER • 6,528 SF
      7811 1st St, Austin, TX 78745-6507
      View Details
    • Value Estimation by Request
      4,000 SF

      611 Stassney Ln

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      611 Stassney Ln, Austin, TX 78745-3148
      View Details

    Similar Nearby for Sale

    • $475,000
      962 SF

      Adaptable South Congress Commercial Space

      High-visibility live/work space ideal for retail or creative office.
      4361 Congress Ave, Austin, TX 78745
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    • Contact for pricing

      South Congress Retail Opportunity

      Retail space on South Congress near new developments.
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      5,600 SF

      High-Performing 7-Eleven Net Lease

      7-Eleven in Austin, TX with corporately guaranteed leasehold.
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      1,256 SF

      South Austin Live/Work Space

      Live/work space in South Austin near St. Elmo.
      4361 S Congress Ave, Austin, TX 78745
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    • $509,000

      South Congress Live/Work Condo

      Versatile 1,256 sq ft live/work space on South Congress.
      4361 S Congress Ave, Austin, TX 78745
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    Similar Nearby for Lease

    • Contact for pricing
      3,133 SF

      Infill Retail Opportunity on Corner

      Retail space available on a high-traffic corner location.
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      View Details
    • Contact for pricing
      4,000 SF

      Austin Retail Space For Lease

      Retail space available in southwest Austin shopping corridor.
      5207 Brodie Ln, Austin, TX 78745
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      3,900 SF

      Retail Space in Sunset Valley

      Retail space available in Sunset Valley shopping center.
      5601 Brodie Ln, Sunset Valley, TX 78745
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    • Contact for pricing
      204,609 SF

      Retail Spaces Available For Lease

      Multiple retail suites available for lease in Austin, Texas.
      801 E William Cannon Dr, Austin, TX 78745
      View Details
    • Contact for pricing

      Retail and Warehouse Space Available

      Retail and warehouse spaces available for lease.
      500 W William Cannon Dr, Austin, TX 78745
      View Details
    • Contact for pricing

      Class A Office Buildings For Lease

      Two-story Class A office buildings in Southwest Austin.
      7500 Rialto Blvd, Austin, TX 78745
      View Details

    Property Visit Statistics

    • Visits by month
      6.4k
    • Visitors by month
      6.1k
    • Avg Time on site
      18 min
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    Austin, TX 78745-7393
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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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