4404 William Cannon DrAustin, TX 78749

Property Details for 4404 William Cannon Dr

Year built

2000

Construction

CONCRETE

Lot size

9.27 AC

Property size (Sq ft)

22,176 SF

Property type

Retail properties

Property subtype

Strip malls

APN

412250202

APU

412250202

Description

West Creek Shopping Center, located at 4404 W William Cannon Dr in Austin, Texas (zip code 78749), presents a compelling retail investment opportunity. This Travis County property offers a total of 2,595 square feet of vacant retail space, currently divided into multiple units. Individual spaces range from a minimum of 1,235 square feet to a maximum contiguous space of 1,360 square feet, providing flexibility for various business needs. The property is situated in Austin's robust Southwest retail submarket, a high-demand area known for its strong occupancy rates. Market data indicates a current submarket occupancy of 96.7% and average triple net rental rates of $28.44 per square foot, highlighting the significant potential for return on investment. The center's location within Travis County offers excellent access to a thriving consumer base. This is an exceptional chance to establish a presence in a prime Austin retail location with high visibility and strong market fundamentals. The entire 2,595 square feet is currently available for lease. Interested parties should inquire for further details and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $10,966,397

  6.5%

  $10,122,828

  7%

  $9,399,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,730,967

  Geo Method

  $16,730,967

• Alternative Use

  Use

  Valuation

  Residential

  $8,538,984

  Hospitality

  $7,821,663

  Educational

  $6,507,532

  Medical

  $6,731,336

  Retail

  $10,122,828

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2237

Longitude

-97.8395

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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