Retail
For Sale
Contact for pricing
2206 Hidalgo Street, Austin, TX 78702
Commercial storefront space available for either sale or lease in Austin’s East Side area.
Property Size1,360 SF
Price / SF$477.94
Days on Market116
Property Features for 2206 Hidalgo Street
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Retail
Additional Details
Asking Price
$650,000
Building Details
Year Built
1975
Listing Agency:
RESOLUT RE
(512) 474-5557
Listed By:
Austin Aguilar · License #TX 732212
Source:
Crexi
Added: May 7
Changed: Aug 29
Last Checked: Aug 29 at 3:15PM
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 RESOLUT RE
Investment Insights
Based on property information with market context.
This retail property provides 1,360 square feet of commercial space at 2206 Hidalgo Street in Austin, Texas. The building dates to 1975 and is classified as retail space.
The property is offered for sale or lease, providing flexibility for an owner-user or occupant seeking a storefront location. Its address places the space within Austin’s 78702 ZIP code.
The property is offered for sale or lease, providing flexibility for an owner-user or occupant seeking a storefront location. Its address places the space within Austin’s 78702 ZIP code.
Key Highlights
- 1,360 SF of retail space
- Built in 1975
- Located at 2206 Hidalgo Street, Austin, TX 78702
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
$23,947
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
3.68%
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%
$478,940
$478.9K
Cap Rate 7%
$342,100
$342.1K
Cap Rate 9%
$266,078
$266.1K
Market Conditions
NOI Build-Up for 1,360 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
$35.4K $26.04/SF
− Vacancy
−$1.2K −$0.89/SF
EGI
$34.2K $25.15/SF
− OpEx
−$10.3K −$7.55/SF
NOI
$23.9K $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%
$478,940
Cap Rate 7%
$342,100
Cap Rate 9%
$266,078
Alternative Uses
Best Use
Retail
$342.1K
$299.3K – $399.1K
NOI $23,947 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$532.9K
$466.3K – $621.8K
NOI $37,306 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,292
Businesses Nearby
124k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Shops & Services 36%
Dining 9%
Hotels & Casinos 4%
H-E-B
Groceries
58,141 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,647 visits/mo
0.2 miles
P. Terry's Burger Stand
Dining
8,314 visits/mo
0.2 miles
AutoZone
Shops & Services
7,413 visits/mo
0.4 miles
Valero Energy
Shops & Services
5,981 visits/mo
0.2 miles
Demographics for 78702, TX
25,910
Population
14,573
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
5,182
Density / Sq Mi
$101,304
Median Household Income
$65,876
Median Earnings
$1,966
Median Rent
$644,200
Median Home Value
Market
Vacancy Rate% for Retail in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial storefront space available for either sale or lease in Austin’s East Side area.
Where is this retail space located?
The property is located at 2206 Hidalgo Street Austin, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,360 SF of retail space; Built in 1975; Located at 2206 Hidalgo Street, Austin, TX 78702
