Stabilized Retail Center in
1804 Briarcliff Blvd Austin, TX 78723
1804 Briarcliff Blvd, Austin, TX, 78723
Contact for pricing
Fully leased shopping center with redevelopment potential in North Mueller.
Property Size9,150 SF
Price / SF$333.33
AddedFeb 12
Days on Market153
Last RefreshJul 14 at 4:56 am
Property Features for 1804 Briarcliff Blvd
General Information
- Standard status
- Active
- Size
- 9,150 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing office Secure Net Lease
Listing date Feb 12, 2026
Source Crexi
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 Secure Net Lease
Investment Insights
Based on property information with market context.
Gaston Place Shopping Center is a fully stabilized retail property located in the rapidly redeveloping North Mueller submarket of Austin, TX. The property is situated less than a quarter of a mile southwest of the I-35/U.S. 290 intersection and less than 15 minutes from downtown Austin and the Austin airport. The shopping center is positioned less than a block from the Windsor Commons mixed-use multifamily development, which includes 404 residential units and a Class-A retail component. One of Austin’s most sought-after restaurants, Little Deli & Pizzeria, is a tenant and recently invested approximately $1.2 million in its space. The property benefits from below-market rents, with an average base rental rate of $18.94 per square foot, while other tenants in the center currently pay $30.60 per square foot. Nearby shopping centers are asking $38 per square foot, indicating potential for rental increases to meet market rates. The asset also offers potential for vertical redevelopment in the future. The property has a size of 9,150 square feet.
Key Highlights
- Stabilized shopping center in the rapidly redeveloping North Mueller submarket of Austin, TX.
- Below market rents at $18.94 psf offer significant upside to market rates ($30.60-$38 psf).
- Located less than a quarter mile from the I‑35/U.S. 290 intersection, and under 15 minutes from downtown Austin/Austin airport.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $238.3k | $26.04 |
| − Vacancy | −$8.1k | −$0.89 |
| EGI | $230.2k | $25.15 |
| − OpEx | −$69.0k | −$7.55 |
| NOI | $161.1k | $17.61 |
9,150 SF · lease $26.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.30M
$2.01M – $2.69M
NOI $161,115 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.59M
$3.14M – $4.18M
NOI $250,991 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Little Deli & Pizzeria
Restaurant
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FAQs
What type of property is this?
Shopping center - Fully leased shopping center with redevelopment potential in North Mueller.
Where is this shopping center located?
The property is located at 1804 Briarcliff Blvd Austin, TX.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: Stabilized shopping center in the rapidly redeveloping North Mueller submarket of Austin, TX.; Below market rents at $18.94 psf offer significant upside to market rates ($30.60-$38 psf).; Located less than a quarter mile from the I‑35/U.S. 290 intersection, and under 15 minutes from downtown Austin/Austin airport.
