Three-Suite Retail
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For Sale
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901 North Austin Avenue, Georgetown, TX 78626
C-3-zoned retail property positioned near McDonald's, Chipotle, and Starbucks at a prominent Georgetown intersection.
Property Size9,600 SF
Price / SF$520.83
Days on Market4
Property Features for 901 North Austin Avenue
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Retail
Zoning
C-3
Site & Location
Corner Location
Yes
Anchor Co-Tenants
McDonald's, Chipotle, Starbucks
Building Details
Tenancy
Multi
Listing Agency:
Wolf Real Estate
Listed By:
Tyler Wolf · License #9008543
(512) 966-0117
Source:
Crexi
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 18 at 3:38AM
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 Wolf Real Estate
Investment Insights
Based on property information with market context.
This retail property contains approximately 9,600 SF arranged across three suites and is designated C-3. The multi-suite configuration provides distinct commercial spaces within one retail asset.
Located at 901 North Austin Avenue in Georgetown, the property sits at the Williams Dr and Austin Ave intersection. McDonald's, Chipotle, and Starbucks serve as shadow anchors, adding established retail names to the surrounding commercial setting.
Located at 901 North Austin Avenue in Georgetown, the property sits at the Williams Dr and Austin Ave intersection. McDonald's, Chipotle, and Starbucks serve as shadow anchors, adding established retail names to the surrounding commercial setting.
Key Highlights
- Approximately 9,600 SF of retail space
- Three suites within one retail property
- C‑3 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
$169,039
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
3.38%
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%
$3,380,780
$3.4M
Cap Rate 7%
$2,414,843
$2.4M
Cap Rate 9%
$1,878,211
$1.9M
Market Conditions
NOI Build-Up for 9,600 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
$250.0K $26.04/SF
− Vacancy
−$8.5K −$0.89/SF
EGI
$241.5K $25.15/SF
− OpEx
−$72.4K −$7.55/SF
NOI
$169.0K $17.61/SF
Area
Williamson County, 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%
$3,380,780
Cap Rate 7%
$2,414,843
Cap Rate 9%
$1,878,211
Alternative Uses
Best Use
Retail
$2.41M
$2.11M – $2.82M
NOI $169,039 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,913 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 78626, TX
39,935
Population
16,866
Households
2.4
Avg Household Size
34
Median Age
36%
College-Educated
90%
High-School Grad
88.6 sq mi
ZIP Area
451
Density / Sq Mi
$94,967
Median Household Income
$44,955
Median Earnings
$1,752
Median Rent
$358,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - C-3-zoned retail property positioned near McDonald's, Chipotle, and Starbucks at a prominent Georgetown intersection.
Where is this retail space located?
The property is located at 901 North Austin Avenue Georgetown, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Approximately 9,600 SF of retail space; Three suites within one retail property; C‑3 zoning
