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    Property profile & analytics

    8924 Trone Cir Austin, TX 78758

    • Residential income homes
    • 4,380 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0773223
    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

    • Residential income homes

    Property Details for 8924 Trone Cir

    Year built
    1972
    Property size
    4,380 SF
    Property type
    Residential income homes

    Description

    This exceptional Class A, 4-unit multifamily property in Austin, TX, presents a compelling investment opportunity. Located at 8924 Trone Cir, 78758, this 4,380 square foot property boasts 100% occupancy and a strong 4.82% cap rate, generating a Pro-Forma NOI of $72,235. Built in 1972 and extensively renovated in 2017, the two-story building offers a blend of modern amenities and classic charm. The property benefits from its prime location, offering convenient access to The Domain's vibrant retail and dining scene, as well as nearby schools, parks, and hospitals. Each unit features high-end finishes, energy-efficient appliances, and private yards. The property's contemporary design, including energy-efficient LED lighting and tasteful landscaping, contributes to its high desirability and strong rental income. This stabilized investment is priced at $1,500,000 and represents a rare opportunity to acquire a high-performing asset in a thriving Austin market. The property's strong performance metrics and desirable location make it an ideal addition to any investment portfolio. This is a turnkey investment ready for immediate income generation.

    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
    -97.710866901179
    Latitude
    30.363918518211

    Comparable in this City

    • $4,500,000
      13,140 SF

      Austin Multifamily Portfolio

      12-unit, Class A investment opportunity.
      8920 Trone Cir, Austin, TX 78758
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    • $6,995,000
      21,900 SF

      Austin Multifamily Portfolio

      20-unit, 5-building complex, high NOI.
      8905 Tronewood Dr, Austin, TX 78758
      View Details
    • $655,600

      Spacious Duplex with Private Backyard

      Townhouse-style duplex with garage, centrally located near amenities.
      10608 Plains Trl, Austin, TX 78758
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    • $489,000

      North Austin Duplex Near Domain

      Duplex near Domain and Q2 Stadium, great investment opportunity.
      1428 W Braker Ln, Austin, TX 78758
      View Details
    • $579,900

      North Austin Income-Generating Duplex

      Remodeled duplex in North Austin, near The Domain.
      11421 Ptarmigan Dr, Austin, TX 78758
      View Details
    • $440,000

      Duplex in Prime Austin Location

      Well-located duplex with vacant unit, ideal for owner-occupant.
      9303 Quail Field Dr, Austin, TX 78758
      View Details

    Similar Nearby for Sale

    • $4,500,000
      13,140 SF

      Austin Multifamily Portfolio

      12-unit, Class A investment opportunity.
      8920 Trone Cir, Austin, TX 78758
      View Details
    • $6,995,000
      21,900 SF

      Austin Multifamily Portfolio

      20-unit, 5-building complex, high NOI.
      8905 Tronewood Dr, Austin, TX 78758
      View Details
    • $655,600

      Spacious Duplex with Private Backyard

      Townhouse-style duplex with garage, centrally located near amenities.
      10608 Plains Trl, Austin, TX 78758
      View Details
    • $489,000

      North Austin Duplex Near Domain

      Duplex near Domain and Q2 Stadium, great investment opportunity.
      1428 W Braker Ln, Austin, TX 78758
      View Details
    • $579,900

      North Austin Income-Generating Duplex

      Remodeled duplex in North Austin, near The Domain.
      11421 Ptarmigan Dr, Austin, TX 78758
      View Details
    • $440,000

      Duplex in Prime Austin Location

      Well-located duplex with vacant unit, ideal for owner-occupant.
      9303 Quail Field Dr, Austin, TX 78758
      View Details

    Similar Nearby for Lease

    • $1,450 /Mo
      889 SF

      Austin Duplex with Modern Charm

      Charming 2-bed, 2-bath duplex in Austin, TX. Cozy living awaits!
      12206 Alderbrook Dr, Austin, TX 78758
      View Details
    • $1,400 /Mo
      842 SF

      Duplex with Large Yard

      Two-bedroom duplex with large yard, available September 5th.
      10613 Golden Quail Dr, Austin, TX 78758
      View Details
    • $1,450 /Mo
      1,030 SF

      North Austin Rental Opportunity

      Rental in North Austin near Downtown and Domain area.
      1301 Thornridge Rd, Austin, TX 78758
      View Details
    • $1,775 /Mo
      1,030 SF

      Updated North Austin Duplex Rental

      North Austin duplex with garage, storage, and included appliances.
      1714 Shadowview Dr, Austin, TX 78758
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    • $1,400 /Mo
      2,166 SF

      Move-In Ready Duplex with Patio

      Two-bedroom duplex with tile flooring, private patio, and carport.
      9410 Quail Meadow Dr, Austin, TX 78758
      View Details
    • $1,650 /Mo
      892 SF

      Austin Duplex with Garage

      Two-bedroom, two-bathroom duplex with garage in Austin, Texas.
      2003 Pipers Field Dr, Austin, TX 78758
      View Details
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    8924 Trone Cir
    Austin, TX 78758
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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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