Single-Tenant Retail
For Sale
$850,000
2420 Burleson Ct, Austin, TX 78741
GR-zoned retail property with an existing income stream near Downtown Austin.
Property Size2,263 SF
Days on Market137
Property Features for 2420 Burleson Ct
General Information
Standard status
Active
Size
2,263 SF
Property subtype
Commercial
Net Operating Income
$43,356
Building Details
Building Size
2,263 SF
Year Built
1983
Tenancy
Single
Listing Agency:
Matthews Real Estate Investment Services | Austin
Listed By:
Andrew Ivankovich · License #678815 (TX)
(214) 692-2037
Source:
Matthews
Added: Jun 3
Changed: Oct 9
Last Checked: Oct 16 at 5:42AM
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 Real Estate Investment Services | Austin
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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 / Yr
$39,847
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
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
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 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 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$886.8K
$776.0K – $1.03M
NOI $62,076 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
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
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
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 Ct Austin, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,263‑square‑foot retail property; Single‑tenant configuration; GR zoning
