Single-Tenant Retail
For Sale
Contact for pricing
2420 Burleson Court, Austin, TX 78741
GR-zoned retail property with an existing income stream near Downtown Austin.
Property Size2,263 SF
Price / SF$419.80
Days on Market92
Property Features for 2420 Burleson Court
General Information
Standard status
Active
Size
2,263 SF
Property subtype
Retail
Zoning
GR
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$43,356
Building Details
Year Built
1983
Year Renovated
2018
Units
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Wyatt Crum · License #844301
Source:
Crexi
Added: Jun 1
Changed: Aug 30
Last Checked: Aug 30 at 4:46PM
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 Matthews
Investment Insights
Based on property information with market context.
This single-tenant retail property contains 2,263 square feet and was built in 1983. The asset is zoned GR and is positioned approximately 4 miles from Downtown Austin.
The property has an existing income stream and is located in Southeast Austin, offering both retail space and an established operating profile.
The property has an existing income stream and is located in Southeast Austin, offering both retail space and an established operating profile.
Key Highlights
- 2,263‑square‑foot retail property
- Single‑tenant configuration
- GR zoning
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
$39,847
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
4.19%
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%
$796,940
$796.9K
Cap Rate 7%
$569,243
$569.2K
Cap Rate 9%
$442,744
$442.7K
Market Conditions
NOI Build-Up for 2,263 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
$58.9K $26.04/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$56.9K $25.15/SF
− OpEx
−$17.1K −$7.55/SF
NOI
$39.8K $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%
$796,940
Cap Rate 7%
$569,243
Cap Rate 9%
$442,744
Alternative Uses
Best Use
Retail
$569.2K
$498.1K – $664.1K
NOI $39,847 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$886.8K
$776.0K – $1.03M
NOI $62,076 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 29%
Hotels & Casinos 8%
Electronics 2%
Whataburger
Dining
17,205 visits/mo
0.4 miles
P. Terry's Burger Stand
Dining
9,054 visits/mo
0.3 miles
Shell
Shops & Services
8,490 visits/mo
0.5 miles
7-Eleven
Shops & Services
6,590 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
6,313 visits/mo
0.5 miles
Demographics for 78741, TX
49,344
Population
24,763
Households
2
Avg Household Size
29
Median Age
49%
College-Educated
85%
High-School Grad
7.8 sq mi
ZIP Area
6,326
Density / Sq Mi
$66,434
Median Household Income
$41,533
Median Earnings
$1,477
Median Rent
$376,500
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 - GR-zoned retail property with an existing income stream near Downtown Austin.
Where is this retail space located?
The property is located at 2420 Burleson Court Austin, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,263‑square‑foot retail property; Single‑tenant configuration; GR zoning
