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    Property profile & analytics

    9308 Lamar Blvd Austin, TX 78753-4120

    • Strip malls
    • 35,780 SF
    • 3.29 lot acres
    OFF-MARKET
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0772016
    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

    • La Michoacana Meat Market / Bakery / Specialty Food Shop
    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Barri Booth / Bank / Credit Union
    • Pupuseria Usuluteca / Restaurant
    • Barberia Carol / Barber Shop

    Property Details for 9308 Lamar Blvd

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    3.29 lot acres
    Property size
    35,780 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    241160602
    APU
    241160602

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $679,000
      Market price range: $507k - $1.23M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $935,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.6983
    Latitude
    30.3622
    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
    $118,495
    $2,576,988
    $3,682,100
    $6,259,088
    -
    $2,576,988
    $3,682,100
    $6,259,088

    Comparable in this City

    • Value Estimation
      $690,000
      49,826 SF

      11331 Lamar Blvd

      SHOPPING CENTER, STRIP CENTER • 49,826 SF
      11331 Lamar Blvd, Austin, TX 78753-2664
      View Details
    • Value Estimation by Request
      10,200 SF

      1606 Parmer Ln

      SHOPPING CENTER, STRIP CENTER • 10,200 SF
      1606 Parmer Ln, Austin, TX 78753-7144
      View Details
    • Value Estimation by Request
      22,379 SF

      11139 Interstate 35th Ste, Unit 170

      SHOPPING CENTER, STRIP CENTER • 22,379 SF
      11139 Interstate 35th Ste, Austin, TX 78753-3242
      View Details
    • Value Estimation
      $585,000
      27,720 SF

      804 Braker Ln

      SHOPPING CENTER, STRIP CENTER • 27,720 SF
      804 Braker Ln, Austin, TX 78753-3227
      View Details
    • Value Estimation by Request
      8,404 SF

      11220 Lamar Blvd

      SHOPPING CENTER, STRIP CENTER • 8,404 SF
      11220 Lamar Blvd, Austin, TX 78753-3000
      View Details
    • Value Estimation
      $935,000
      63,772 SF

      9515 Lamar Blvd

      SHOPPING CENTER, STRIP CENTER • 63,772 SF
      9515 Lamar Blvd, Austin, TX 78753-4188
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      51,829 SF

      Retail Space with Highway Visibility

      86,300 SF retail space with excellent highway access.
      13609 N Interstate 35, Austin, TX 78753
      View Details
    • $5,750,000

      North Austin Retail Investment Opportunity

      Fully occupied retail building with strong income in prime location.
      9710 N Lamar Blvd, Austin, TX 78753
      View Details
    • $1,200,000

      Warehouse-Style Buildings on Large Lot

      Income-producing property with redevelopment potential on 0.87 acres.
      11108 Georgian Dr, Austin, TX 78753
      View Details
    • $725,000

      Prime North Austin Development Opportunity

      0.421-acre commercial lot for versatile development near I-35.
      301 Ferguson Dr, Austin, TX 78753
      View Details
    • $500,000

      Versatile Commercial Property For Sale

      Fenced commercial property with office, garage, and storage.
      8212 Georgian Dr, Austin, TX 78753
      View Details
    • $89,000

      Creekside Lot in North Austin

      Spacious lot backing to a scenic creek in North Austin!
      11507 February Dr, Austin, TX 78753
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Location in Austin

      High-visibility retail space near I-35 and Parmer Lane.
      12901 I-35 North & Parmer Ln, Austin, TX 78753
      View Details
    • $1,524 /Mo
      1,108 SF

      Retail Space Near Walmart

      High-visibility retail space in established shopping center near Walmart.
      4322 N Conway Ave, Mission, TX 78753
      View Details
    • Contact for pricing
      3,507 SF

      Retail Space in H-E-B Center

      Sublease opportunity in H-E-B anchored shopping center.
      9504 N Lamar Blvd, Austin, TX 78753
      View Details
    • Contact for pricing
      116,127 SF

      Shops at Tech Ridge Space

      Redevelopment opportunity at Shops at Tech Ridge in Austin.
      12625 N Interstate 35, Austin, TX 78753
      View Details
    • $24 SF/Yr
      1,300 SF

      Austin Office Space: 1300 sq ft

      Prime Austin Office, 5 Rooms, 3 Baths
      611 Carpenter Ave, Austin, TX 78753
      View Details
    • Contact for pricing
      33,930 SF

      North Austin Retail Box Space

      33,930 SF retail space in North Austin available for lease.
      10601 N Lamar Blvd, Austin, TX 78753
      View Details

    Property Visit Statistics

    • Visits by month
      6.6k
    • Visitors by month
      5.1k
    • Avg Time on site
      20 min
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    9308 Lamar Blvd
    Austin, TX 78753-4120
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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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