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    5815 William Cannon Dr Austin, TX 78749
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    5815 William Cannon Dr Austin, TX 78749

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    • Retail properties & Spaces
    • 10,900 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CRA Assessments / Research Institute
    • Fabacher Patrick DC / Alternative Medicine Practice
    • Stone Law Firm / Law Firm
    • Car Ignition Repair Austin TX / Locksmith
    • Rosewood Wellness- Chiropractic + Massage + Acupuncture / Alternative Medicine Practice

    Property Details for 5815 William Cannon Dr

    Year built
    1998
    Property size
    10,900 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional Austin commercial property, located at 5815 W William Cannon Dr, offers 10,900 square feet of prime office and retail space in a Class B building constructed in 1998. The property sits on a 2.88-acre lot in the Oak Hill neighborhood, zoned GO-CO-NP, and boasts ample parking. Two suites are available, ranging from 1,575 to 2,857 contiguous square feet, with a total of 4,432 square feet currently vacant. Each suite is fully built-out, featuring open workspaces and private offices, making them ideal for immediate occupancy. The property enjoys excellent accessibility, with close proximity to major roadways including 290, 71, and Mopac, and is surrounded by a variety of retail and dining options. This multi-tenant building presents a fantastic opportunity for businesses seeking a convenient and well-equipped space in a thriving Austin location. The property is located in Travis County, Texas, and has a 78749 zip code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8612
    Latitude
    30.2274

    Comparable in this City

    • Value Estimation
      $2,920,000
      18,214 SF

      5920 William Cannon Dr Bldg, Unit 3

      CONDOMINIUM OFFICES • 18,214 SF
      5920 William Cannon Dr Bldg, Austin, TX 78749-1903
      View Details
    • Value Estimation
      $520,000
      6,400 SF

      8517 Fm Rr 1826th, Unit 1

      CONDOMINIUM OFFICES • 6,400 SF
      8517 Fm Rr 1826th, Austin, TX 78749
      View Details
    • Value Estimation by Request
      3,365 SF

      5920 William Cannon Dr, Unit 5D-2

      CONDOMINIUM OFFICES • 3,365 SF
      5920 William Cannon Dr, Austin, TX 78749-1902
      View Details
    • Value Estimation by Request
      2,240 SF

      5920 William Cannon Dr, Unit 1-D

      CONDOMINIUM OFFICES • 2,240 SF
      5920 William Cannon Dr, Austin, TX 78749-1902
      View Details
    • Value Estimation by Request
      2,339 SF

      5000 Davis Ln1c

      CONDOMINIUM OFFICES • 2,339 SF
      5000 Davis Ln1c, Austin, TX 78749-3683
      View Details
    • Value Estimation by Request
      722 SF

      5901 Old Fredericksburg Rd Ste A102

      CONDOMINIUM OFFICES • 722 SF
      5901 Old Fredericksburg Rd Ste A102, Austin, TX 78749-1210
      View Details

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      Move-in Ready Office/Retail Opportunity

      Office/retail suites with easy access and ample parking.
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      Legend Oaks Retail and Office

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    Austin, TX 78749
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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