Austin Retail Shopping Center For
For Sale
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2020 W Anderson Ln, Austin, TX
Retail shopping center available in Austin, Texas.
Property Size56,049 SF
Lot Size4.96 Acres
Price / SF$276.54
Days on Market336
Property Features for 2020 W Anderson Ln
General Information
Standard status
Active
Size
56,049 SF
Lot size
4.96 Acres
Property subtype
RETAIL
Listing Agency:
Gold Eagle Investments
(512) 452-5400
Listed By:
John Jobes
(512) 617-6363
Source:
Moodyscre
Added: Oct 14, 2025
Changed: Sep 9
Last Checked: Sep 13 at 11:54AM
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 Gold Eagle Investments
Investment Insights
Based on property information with market context.
This retail shopping center features a combination of concrete and stucco exterior walls, with retail storefronts of plate glass set in anodized aluminum frames. The building has a flat, built-up membrane roof system. The typical interior finish is suited for retail space. HVAC, plumbing, and electrical systems are assumed to be in good working condition. The foundation is assumed to have adequate load-bearing capacity to support the improvements. The site is ADA compliant. The property size is 56,049 square feet and is located in Austin, Texas.
Key Highlights
- ADA compliant site
- Combination of concrete and stucco exterior walls
- Retail storefronts with plate glass set in anodized aluminium frames
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
$986,925
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
6.37%
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%
$19,738,500
$19.7M
Cap Rate 7%
$14,098,929
$14.1M
Cap Rate 9%
$10,965,833
$11.0M
Market Conditions
NOI Build-Up for 56,049 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
$1.46M $26.04/SF
− Vacancy
−$49.6K −$0.89/SF
EGI
$1.41M $25.15/SF
− OpEx
−$423.0K −$7.55/SF
NOI
$986.9K $17.61/SF
Area
Austin, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
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%
$19,738,500
Cap Rate 7%
$14,098,929
Cap Rate 9%
$10,965,833
Alternative Uses
Best Use
Retail
$14.10M
$12.34M – $16.45M
NOI $986,925 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.96M
$19.22M – $25.62M
NOI $1,537,461 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,718
Businesses Nearby
272k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Superstores 34%
Shops & Services 11%
Apparel 4%
Walmart
Superstores
92,268 visits/mo
0.5 miles
McDonald's
Dining
25,976 visits/mo
0.3 miles
Jason's Deli
Dining
19,146 visits/mo
0.3 miles
Hopdoddy Burger Bar
Dining
15,848 visits/mo
0.4 miles
SONIC Drive In
Dining
13,817 visits/mo
0.3 miles
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?
Shopping center - Retail shopping center available in Austin, Texas.
Where is this shopping center located?
The property is located at 2020 W Anderson Ln Austin, TX.
What is the asking price?
The asking price for this property is $15,500,000.
What are key features of this property?
This property features: ADA compliant site; Combination of concrete and stucco exterior walls; Retail storefronts with plate glass set in anodized aluminium frames
