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    914 Shady Ln Austin, TX 78702
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    Property profile & analytics

    914 Shady Ln Austin, TX 78702

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    • Commercial real estate
    • 4.14 lot acres
    Off-Market
    Property ID
    US82-3857235
    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

    • Perkins LLC / Furniture & Home Goods
    • Rail Lily Farm / High School / Vocational School

    Property Details for 914 Shady Ln

    Lot size
    4.14 lot acres
    Property type
    Commercial real estate
    APN
    190005

    Description

    This exceptional 4.138-acre commercial land parcel in Austin, Texas (78702 zip code), presents a unique redevelopment opportunity. Located in an Opportunity Zone, this property offers significant tax advantages. The site is zoned LR-MU and SF-6, allowing for diverse uses including short-term rentals, townhomes, residential, retail, and restaurants. The land is comprised of three distinct tracts: Tract 1 (1.71 acres), Tract 2A (1.27 acres), and Tract 2B (1.15 acres), providing flexibility for various development scenarios. Its prime East Austin location, near Justine's and Central Machine Works, ensures high visibility and desirability. The property's proximity to Boggy Creek and the Anita Ferrales Coy Facility adds to its unique character. A completed zoning change and conceptual site plan are in place, streamlining the development process. The updated 2023 floodplain designation is available. The City of Austin's code provides a density bonus, further enhancing the property's value. This infill location offers exceptional potential for a mixed-use development, maximizing affordability and density. The price per acre ranges from $1,815,980 to $3,000,000. The property's APN is 190005 and is held in fee simple ownership. This is a rare opportunity to capitalize on Austin's thriving real estate market.

    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
    -97.69511
    Latitude
    30.257756

    Comparable in this City

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      Land Near Lady Bird Lake

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      Land in Growing Austin Area

      Land in Austin, a city with significant housing and millionaire growth.
      3021 E 12Th St, Austin, TX 78702
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      Austin Land Opportunity

      Land available in Austin, Texas.
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    Similar Nearby for Sale

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      Land Near Lady Bird Lake

      Land suitable for development in the Bouldin Creek neighborhood.
      2421 S 5Th St, Austin, TX 78702
      View Details
    • Contact for pricing

      Land in Growing Austin Area

      Land in Austin, a city with significant housing and millionaire growth.
      3021 E 12Th St, Austin, TX 78702
      View Details
    • Contact for pricing

      Austin Land Opportunity

      Land available in Austin, Texas.
      3019 E 12Th St, Austin, TX 78702
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    Similar Nearby for Lease

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      2.12 Acres of Land Available

      Two tracts of land totaling 2.12 acres for rent.
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      Prime Location Commercial Land

      Convenient location near downtown Austin and major landmarks.
      1405 Rosewood Ave, Austin, TX 78702
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      Shady Lane Land for Lease

      Lease opportunity: 0.64 acres of usable land in 78702.
      914 Shady Ln, Austin, TX 78702
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    • Contact for pricing

      830 Airport Blvd, Austin, TX 78702

      Warehouses
      830 Airport Blvd, Austin, TX 78702
      View Details
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    Austin, TX 78702
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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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