Neighborhood Retail Center with Development
For Sale
Contact for pricing
4308 N Quinlan Park Rd, Austin, TX 78732
Neighborhood retail center with an additional level site offering future commercial development capacity.
Property Size22,441 SF
Lot Size5.90 Acres
Price / SF$294.10
Days on Market96
Property Features for 4308 N Quinlan Park Rd
General Information
Standard status
Active
Size
22,441 SF
Lot size
5.90 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
retail
Building Details
Year Built
2007
Listing Agency:
CSA Realty Group
(512) 820-7429
Listed By:
Joel Hargett · License #TX-696888
Source:
Crexi
Added: May 29
Changed: Aug 30
Last Checked: Aug 30 at 12:48PM
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 CSA Realty Group
Investment Insights
Based on property information with market context.
The property comprises a 22,441-square-foot neighborhood retail center built in 2007 on 5.9 acres. An additional building site provides more than 31,000 square feet of buildable area, along with 14,000 square feet of remaining impervious coverage, subject to independent buyer verification. The available site is identified for potential retail, office, or specialty development.
Access is provided from North Quinlan Park Road via Highway 620 in western Travis County. The property is positioned toward the front of the Steiner Ranch master-planned community within the Four Points area of West Austin. Lakeway and Bee Cave are approximately 15–20 minutes south, while Cedar Park is approximately 15 minutes north. Nearby community and recreational destinations noted in the property information include Lake Austin Spa, Steiner Ranch Steakhouse, and public lake access points.
Access is provided from North Quinlan Park Road via Highway 620 in western Travis County. The property is positioned toward the front of the Steiner Ranch master-planned community within the Four Points area of West Austin. Lakeway and Bee Cave are approximately 15–20 minutes south, while Cedar Park is approximately 15 minutes north. Nearby community and recreational destinations noted in the property information include Lake Austin Spa, Steiner Ranch Steakhouse, and public lake access points.
Key Highlights
- 22,441‑square‑foot neighborhood retail center on 5.9 acres
- Built in 2007
- Additional level building site with more than 31,000 square feet of buildable area
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
$395,147
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
5.99%
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%
$7,902,940
$7.9M
Cap Rate 7%
$5,644,957
$5.6M
Cap Rate 9%
$4,390,522
$4.4M
Market Conditions
NOI Build-Up for 22,441 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
$584.4K $26.04/SF
− Vacancy
−$19.9K −$0.89/SF
EGI
$564.5K $25.15/SF
− OpEx
−$169.3K −$7.55/SF
NOI
$395.1K $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%
$7,902,940
Cap Rate 7%
$5,644,957
Cap Rate 9%
$4,390,522
Alternative Uses
Best Use
Retail
$5.64M
$4.94M – $6.59M
NOI $395,147 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.79M
$7.69M – $10.26M
NOI $615,571 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
44k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 68%
Dining 20%
Beauty & Spa 6%
Shops & Services 5%
Randalls
Groceries
29,547 visits/mo
0.4 miles
Summer Moon Coffee
Dining
6,428 visits/mo
0.4 miles
Great Clips
Beauty & Spa
2,781 visits/mo
0.4 miles
Firestone Complete Auto Care
Shops & Services
1,993 visits/mo
0.3 miles
Domino's Pizza
Dining
1,244 visits/mo
0.3 miles
Demographics for 78732, TX
19,128
Population
7,748
Households
2.5
Avg Household Size
39
Median Age
75%
College-Educated
98%
High-School Grad
12.8 sq mi
ZIP Area
1,494
Density / Sq Mi
$194,120
Median Household Income
$81,083
Median Earnings
$1,884
Median Rent
$728,500
Median Home Value
Market
Vacancy Rate% for Retail in Austin, TX
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Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood retail center with an additional level site offering future commercial development capacity.
Where is this shopping center located?
The property is located at 4308 N Quinlan Park Rd Austin, TX.
What is the asking price?
The asking price for this property is $6,600,000.
What are key features of this property?
This property features: 22,441‑square‑foot neighborhood retail center on 5.9 acres; Built in 2007; Additional level building site with more than 31,000 square feet of buildable area
