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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

6111 Fm 620 Austin, TX 78732

2,320 SF Built 2018
Property ID
Property summary
AI-generated overview

This exceptional 2,320-square-foot retail space, built in 2018, is ideally situated at a signalized entrance to the thriving Steiner Ranch master-planned community. Boasting over 5,800 homes and a population exceeding 17,000, with nearly 75% of households including children, this location benefits from a strong demographic. The property sits on a 1.848-acre lot along FM 620, a major thoroughfare connecting Steiner Ranch to Austin, ensuring high daily traffic visibility. Currently configured as a daycare center, the space features a dedicated infant room with temperature control and built-in changing station, a climate-controlled theater room, a main classroom/gathering area with artistic murals and a unique kitchen facade, staff and children's restrooms, ample storage, and a substantial 3,800-square-foot fenced outdoor playground with artificial turf. Security features include ringer-capable exterior doors and wired security cameras. The clear-span metal building with stone facade offers flexible interior space; no interior walls are structural. The previous license allowed for up to 53 children, including up to 10 infants. The property offers a base rent of $33 per square foot annually, plus NNN expenses of approximately $11.84 per square foot annually, resulting in an estimated first-year monthly rent of $8,670. Note that potential tax reductions are anticipated for qualified childcare facilities due to Senate Bill 1145. Thirteen parking spaces are available. This property presents a unique opportunity for a daycare or other suitable business.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2018
Total area 2,320 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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