Austin Condo with Stunning
For Sale
$175,000
Pending
6000 Shepherd Mountain CV 2202, Austin, TX 78730
Charming 1-bedroom condo with resort-style amenities and convenient location.
Property Size706 SF
Lot Size0.14 Acres
Days on Market576
Property Features for 6000 Shepherd Mountain CV 2202
General Information
Standard status
Pending
Size
706 SF
Lot size
0.14 Acres
Property subtype
Condo/Townhome
Building Details
Year Built
1992
Listing Agency:
Keller Williams Realty
(512) 762-4397
Listed By:
Alex McCormick · License #0603023
(512) 762-4397
Source:
Exitrealty
Added: Jan 31, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:45AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Located in the hills of Austin, this 1-bedroom unit is situated in the Montevista Condominiums. The property features an open layout, wood flooring, built-ins, and natural light. The kitchen includes granite countertops, stainless steel appliances, and a breakfast bar. The bedroom has a closet, and the bathroom is updated. A private balcony backs up to a greenbelt and offers sunrise views. The unit includes one assigned parking spot. Montevista Condominiums provides amenities such as two pools, a spa, a gym, and a clubhouse. Hiking and biking trails, the Pennybacker Bridge, and a boat and paddleboard launch are nearby. With access to Hwy 360 & 2222, the Arboretum, Domain, and downtown Austin are easily accessible. The property size is 706 square feet.
Key Highlights
- Breathtaking views and private balcony backing to a lush greenbelt.
- Enjoy resort‑style amenities: two pools, spa, gym, and clubhouse.
- Convenient location: minutes from Lake Austin, Arboretum, Domain, and downtown.
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
$9,586
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
5.48%
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%
$191,720
$191.7K
Cap Rate 7%
$136,943
$136.9K
Cap Rate 9%
$106,511
$106.5K
Market Conditions
NOI Build-Up for 706 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
$18.4K $26.04/SF
− Vacancy
−$956 −$1.35/SF
EGI
$17.4K $24.69/SF
− OpEx
−$7.8K −$11.11/SF
NOI
$9.6K $13.58/SF
Area
Austin, TX
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$191,720
Cap Rate 7%
$136,943
Cap Rate 9%
$106,511
Alternative Uses
Best Use
Apartment 5plus
$136.9K
$119.8K – $159.8K
NOI $9,586 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.7K
$242.1K – $322.8K
NOI $19,366 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 78730, TX
9,403
Population
4,480
Households
2.1
Avg Household Size
40
Median Age
73%
College-Educated
99%
High-School Grad
15.1 sq mi
ZIP Area
623
Density / Sq Mi
$146,450
Median Household Income
$78,194
Median Earnings
$1,734
Median Rent
$1,019,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Charming 1-bedroom condo with resort-style amenities and convenient location.
Where is this residential income property located?
The property is located at 6000 Shepherd Mountain CV 2202 Austin, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Breathtaking views and private balcony backing to a lush greenbelt.; Enjoy resort‑style amenities: two pools, spa, gym, and clubhouse.; Convenient location: minutes from Lake Austin, Arboretum, Domain, and downtown.
