Retail and Office Investment
For Sale
$2,200,000
9414 Anderson Mill Road, Austin, TX 78729
Mixed-use retail and office property for sale in Austin, TX.
Property Size6,273 SF
Days on Market285
Property Features for 9414 Anderson Mill Road
General Information
Standard status
Active
Size
6,273 SF
Property subtype
Retail
Building Details
Building Size
6,273 SF
Listing Agency:
St. Croix Capital Companies
Listed By:
Jared Vincent
(512) 394-3548
Source:
Stcroixcra
Added: Nov 25, 2025
Changed: Sep 3
Last Checked: Sep 5 at 5:53AM
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 St. Croix Capital Companies
Investment Insights
Based on property information with market context.
This investment property features a mix of retail and office spaces. It is situated on approximately 1 acre of land. The property is 90% leased, with half of the leases structured on a month-to-month basis. The building contains 6,273 square feet of space.
Key Highlights
- Investment property
- 90% leased
- Blend of boutique retail and office tenants
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
$127,786
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
5.81%
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%
$2,555,720
$2.6M
Cap Rate 7%
$1,825,514
$1.8M
Cap Rate 9%
$1,419,844
$1.4M
Market Conditions
NOI Build-Up for 6,273 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
$225.1K $35.88/SF
− Vacancy
−$54.7K −$8.72/SF
EGI
$170.4K $27.16/SF
− OpEx
−$42.6K −$6.79/SF
NOI
$127.8K $20.37/SF
Area
Austin, TX
Vacancy
24.30%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
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%
$2,555,720
Cap Rate 7%
$1,825,514
Cap Rate 9%
$1,419,844
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.13M
NOI $127,786 @ 7.0% cap · market cap 5.81%
Second Best
Retail
$1.58M
$1.38M – $1.84M
NOI $110,457 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,073 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 78729, TX
31,829
Population
15,717
Households
2
Avg Household Size
35
Median Age
61%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
3,248
Density / Sq Mi
$81,589
Median Household Income
$54,271
Median Earnings
$1,613
Median Rent
$434,500
Median Home Value
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Mixed-use retail and office property for sale in Austin, TX.
Where is this office building located?
The property is located at 9414 Anderson Mill Road Austin, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Investment property; 90% leased; Blend of boutique retail and office tenants
