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    6705 Us-290 Austin, TX 78735
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    6705 Us-290, Austin, TX 78735

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    • Retail properties & Spaces
    • 43,313 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 6705 Us-290

    Property type
    Retail properties & Spaces

    Description

    Oak Hill Centre, a single-story retail center in Austin, Texas, presents a compelling investment opportunity. Located at 6705 US-290, this property offers 43,313 square feet of retail space, with 8,379 square feet currently vacant. The center is strategically situated approximately 12 miles southwest of downtown Austin, enjoying high visibility and accessibility due to its location off Highway 290 and William Cannon Drive. The existing tenant mix contributes to strong foot traffic, benefiting future occupants. The property features ample parking with 292 spaces available for customers and employees. Individual suites range from a minimum of 1,242 square feet to a maximum contiguous space of 3,457 square feet, providing flexibility for various retail businesses. The property is located in Travis County, Texas, zip code 78735, and boasts a strong demographic profile in the surrounding area. This is an excellent opportunity to establish or expand a retail presence in a thriving Austin market. The property's convenient location and existing infrastructure make it an attractive option for businesses seeking high visibility and accessibility. The available space offers a chance to capitalize on the area's robust retail environment and strong customer base.

    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
    -97.865
    Latitude
    30.2332

    Comparable in this City

    • Value Estimation
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      89,178 SF

      4805 Hwy 290

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    • Value Estimation by Request
      153,479 SF

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      139,564 SF

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      71 & Old Bee Caves Rd, Austin, TX 78735
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      16,160 SF

      6130 Us-290

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      6130 Us-290, Austin, TX 78735
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    • Value Estimation by Request
      2,500 SF

      7101 State Hwy

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      7101 State Hwy, Austin, TX 78735
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    • Value Estimation by Request
      11,818 SF

      4601 Southwest Pkwy

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      4601 Southwest Pkwy, Austin, TX 78735
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      2.00 Acres

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    • $900,000
      2.00 Acres

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      4,500 SF

      Austin Office Warehouse and Production

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      Highway 290 Frontage Land

      6 acres of land with highway frontage near downtown Austin.
      5801 W Us Highway 290, Austin, TX 78735
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    Similar Nearby for Lease

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      153,479 SF

      Austin Retail Center: Prime Location

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      5,477 SF

      Restaurant Space with Pylon Signage

      Freestanding 5,477 SF restaurant space with ample parking.
      5006 State Highway 290 W, Austin, TX 78735
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      1,200 SF

      Office and Retail Space Available

      Versatile space suitable for office or retail use for rent.
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      14,430 SF

      Retail and Restaurant Space Available

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      8,075 SF

      New Retail/Medical Building in Austin

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      Lakeway Class A Office Space

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    6705 Us-290
    Austin, TX 78735
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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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