4526 Gate BlvdAustin, TX 78745

Property Details for 4526 Gate Blvd

Year built

1979

Construction

WOOD FRAME

Lot size

0.52 AC

Property size (Sq ft)

6,018 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

408130405

APU

408130405

Description

Exceptional investment opportunity: Westgate Center, a 6,054 square foot retail property in Austin, Texas, is offered at $3,200,000. This stabilized, multi-tenant (3 tenants) property boasts a 5.92% cap rate and a strong net operating income (NOI) of $189,379. Built in 1979, the 0.516-acre site features a prime location at 4526 West Gate Blvd, Austin, TX 78745, offering excellent road frontage and easy access to major highways (290/71, Mopac, 360, and S. Lamar Blvd). The property benefits from exceptional demographics, with over 116,000 residents and an average household income exceeding $140,000 within a 3-mile radius, and over 330,000 residents with an average household income of $148,000 within 5 miles. All three tenants are under NNN leases with annual rent increases. Two long-term tenants, one since 2013 and another since 2014 (expanding in 2022), demonstrate stability and growth potential. The property's location across from a Central Market-anchored shopping center further enhances its desirability. This is a rare opportunity to acquire a high-performing retail center in a thriving Austin market. The property is 100% occupied, minimizing vacancy risk. This is a triple-net (NNN) leased property, meaning the tenants are responsible for most operating expenses. The property is categorized as QSR/Fast Food, Restaurant, and Shopping Center.

• CAP approach

  CAP return

  Valuation

  6%

  $2,976,000

  6.5%

  $2,747,077

  7%

  $2,550,857

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,540,357

  Geo Method

  $4,540,357

• Alternative Use

  Use

  Valuation

  Residential

  $2,317,262

  Hospitality

  $2,122,600

  Educational

  $1,765,978

  Medical

  $1,826,713

  Retail

  $2,747,077

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2311

Longitude

-97.8011

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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