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Property profile & analytics
FOR LEASE
Warehouses
979 Springdale Rd Austin, TX 78702
Entity Owned
1-yr Hold
Free & Clear
Property ID
US82-3060430
For Lease
1 / 3
$29 SF/Yr
979 Springdale Rd, Austin, TX 78702
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
CONCRETE
Total area
106,900 SF
Lot
11.73 ac (510,893 SF)
APN
204161201
UPID
US82-3060430
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bambino Restaurant
-
Holloway Co Electronics & Wireless Store
-
Austin Eastciders Collaboratory - Taproom Bar & Pub
-
Austin Bouldering Project - Springdale Gym & Fitness Center
-
East Austin Jiujitsu Parlor Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.67M
Blend (final)
Blend
$9.44M
Owner & transaction history
979 Springdale Road LP · 1 yrs held
979 Springdale Road LP
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.3M
+141.7%
Restaurant
$14.4M
+126.5%
Neighborhood: shopping center
$7.7M
+21.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,340,000
Current use
AUTO REPAIR, GARAGE
$15,325,000
Change: +142% · Conversion: Easy
RESTAURANT
$14,365,000
Change: +127% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,725,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$9.44M
Range $8.50M – $10.38M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$888,715
Tax year 2022
Assessed value
$62,535,216
Assessed 2023
Previous assessed
$62,535,216
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$45,980,411
Assessed improvement
$16,554,805
Land market value
$45,980,411
Improvement market value
$16,554,805
Total market value
$62,535,216
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1970
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
7
Stories
2
Total area
106,900 SF
Lot
11.73 ac (510,893 SF)
APN
204161201
UPID
US82-3060430
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$15.3M
RESTAURANT
Est. value
$14.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Buildings
7
Lot
11.73 ac
Current owner
From public records · entity-resolved
979 Springdale Road LP
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 40127, AUSTIN, TX 78704-0003
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
—
979 Springdale Road LP
3423 Springdale LLC
Special Warranty Deed
—
Dec 3, 2019
—
3423 Holdings LLC
3423 Springdale LLC
Special Warranty Deed
—
Sep 24, 2019
—
3423 Springdale LLC
3423 Holdings LLC
Quit Claim Deed
related
—
Feb 8, 2019
—
3423 Holdings LLC
—
Deed
related
$9,926,820 · Plainscapital Bk
Sep 5, 2018
—
3423 Holdings LLC
—
Grant Deed
related
$6,897,700 · Plainscapital Bk
Aug 16, 2012
—
3423 Holdings LLC
Usf Propco II LLC
Grant Deed
related
$4,612,000 · Plainscapital Bk
Oct 17, 2007
—
Usf Propco II LLC
U S Foodservice INC
Special Warranty Deed
—
—
—
3423 Holdings LLC
—
Deed Of Trust
related
$9,926,820 · Plainscapital Bk
—
—
3423 Holdings LLC
—
Deed Of Trust
related
$5,151,460 · Plainscapital Bk
—
—
3423 Holdings LLC
—
Loan Modification
related
$4,612,000 · Plainscapital Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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