Built-Out Restaurant with
For Sale
$3,900,000
11620 Ranch Road 620 N, Austin, TX 78750
Established restaurant improvements include a commercial kitchen, multiple HVAC units, patio dining, and existing furniture, fixtures, and equipment.
Property Size6,120 SF
Lot Size1.53 Acres
Price / SF$637.25
Days on Market137
Property Features for 11620 Ranch Road 620 N
General Information
Standard status
Active
Size
6,120 SF
Lot size
1.53 Acres
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Traffic Count
45,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$72,847
Listing Agency:
Mallach and Company
(512) 587-9127
Listed By:
Priscilla King
(512) 663-3869
Source:
Exprealty
Added: May 6
Changed: Sep 15
Last Checked: Sep 18 at 12:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mallach and Company
Investment Insights
Based on property information with market context.
This approximately 6,120-square-foot restaurant property occupies 1.525 acres and was originally developed for restaurant use. Improvements include a commercial kitchen, existing FF&E, multiple HVAC units, patio dining areas, and operational infrastructure. The property is currently vacant and offers a built-out setting for restaurant occupancy without the need to create these primary improvements from scratch.
The site fronts RM 620 at the signalized intersection with Anderson Mill Rd and records exposure to approximately 45,000 vehicles per day. It is adjacent to Wendy’s and Spicy House Restaurant, with access to Cedar Park, Leander, and Northwest Austin trade areas. The property is within the RM 620 corridor expansion study area; future roadway plans, timelines, zoning, intended use, and development potential require independent verification.
The site fronts RM 620 at the signalized intersection with Anderson Mill Rd and records exposure to approximately 45,000 vehicles per day. It is adjacent to Wendy’s and Spicy House Restaurant, with access to Cedar Park, Leander, and Northwest Austin trade areas. The property is within the RM 620 corridor expansion study area; future roadway plans, timelines, zoning, intended use, and development potential require independent verification.
Key Highlights
- Approximately 6,120 SF restaurant building on 1.525 acres
- Commercial kitchen with existing FF&E
- Patio dining areas and multiple HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$115,460
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,309,200
$2.3M
Cap Rate 7%
$1,649,429
$1.6M
Cap Rate 9%
$1,282,889
$1.3M
Market Conditions
NOI Build-Up for 6,120 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$159.4K $26.04/SF
− Vacancy
−$5.4K −$0.89/SF
EGI
$153.9K $25.15/SF
− OpEx
−$38.5K −$6.29/SF
NOI
$115.5K $18.87/SF
Area
Austin, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,309,200
Cap Rate 7%
$1,649,429
Cap Rate 9%
$1,282,889
Alternative Uses
Best Use
Specialty Retail
$1.65M
$1.44M – $1.92M
NOI $115,460 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,876 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
45,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
174k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Groceries 38%
Dining 19%
Beauty & Spa 2%
H-E-B
Groceries
66,547 visits/mo
0.3 miles
H-E-B Fuel
Shops & Services
19,028 visits/mo
0.3 miles
Circle K
Shops & Services
12,691 visits/mo
0.4 miles
Panda Express
Dining
10,799 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,974 visits/mo
0.2 miles
Demographics for 78750, TX
28,348
Population
12,186
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
96%
High-School Grad
11.8 sq mi
ZIP Area
2,402
Density / Sq Mi
$123,722
Median Household Income
$62,096
Median Earnings
$1,743
Median Rent
$552,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Austin, TX
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant improvements include a commercial kitchen, multiple HVAC units, patio dining, and existing furniture, fixtures, and equipment.
Where is this conventional restaurant located?
The property is located at 11620 Ranch Road 620 N Austin, TX.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Approximately 6,120 SF restaurant building on 1.525 acres; Commercial kitchen with existing FF&E; Patio dining areas and multiple HVAC units
