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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1901 William Cannon Dr Austin, TX 78744-3407

    • Grocery and convenience stores
    • 2,886 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4063492
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • i.d. SPOT / Pet Supply Store
    • Towne Square / Shopping Mall
    • Branyon / Dentist
    • Dhanish Patel / Dentist / Practitioner Service Location
    • Lane Dental of South Austin / Dentist / Dental Clinic

    Property Details for 1901 William Cannon Dr

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    0.92 lot acres
    Property size
    2,886 SF
    Property type
    Grocery and convenience stores
    APN
    423060231
    APU
    423060231

    Description

    Towne Square, located at 1901 W William Cannon Dr in Austin, Texas (zip code 78745), offers exceptional retail and restaurant opportunities within a thriving shopping center. This Travis County property boasts a total of 18,118 square feet, with 14,761 square feet currently vacant and available for lease. The center underwent renovations in 2018, ensuring modern and attractive spaces for tenants. Units range in size from a minimum of 795 square feet to a maximum contiguous space of 5,000 square feet, providing flexibility for businesses of various scales. The property's multiple tenancy structure creates a vibrant and synergistic environment, attracting a diverse customer base. Its prime location in Austin offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and strong brand exposure. The property is categorized as a shopping center, providing a convenient and attractive shopping experience for customers. This is a unique opportunity to establish or expand your business in a well-maintained and highly visible location within a bustling Austin community. The property's address is easily accessible via major roadways, ensuring convenient access for both customers and employees. The available space presents a compelling opportunity for businesses seeking a prominent presence in a thriving Austin market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $284,000
      Market price range: $284k - $493k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $415,000
      RETAIL STORES
      $280,000
      MEDICAL BUILDING
      $205,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7657
    Latitude
    30.1881
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $16,701
    $399,890
    $544,151
    $944,041
    -
    $399,890
    $544,151
    $944,041

    Comparable in this City

    • Value Estimation
      $945,000
      72,699 SF

      6607 Interstate 35

      GROCERY, SUPERMARKET • 72,699 SF
      6607 Interstate 35, Austin, TX 78744-3410
      View Details
    • Value Estimation
      $270,000
      2,496 SF

      2008 Teri Rd

      CONVENIENCE STORE • 2,496 SF
      2008 Teri Rd, Austin, TX 78744-1910
      View Details
    • Value Estimation
      $250,000
      2,260 SF

      7612 Blf Spgs Rd

      CONVENIENCE STORE • 2,260 SF
      7612 Blf Spgs Rd, Austin, TX 78744-5610
      View Details
    • Value Estimation
      $330,000
      3,800 SF

      6607 Pleasant Vly Rdb

      CONVENIENCE STORE • 3,800 SF
      6607 Pleasant Vly Rdb, Austin, TX 78744-5320
      View Details
    • Value Estimation
      $270,000
      2,400 SF

      4600 Teri Rd

      CONVENIENCE STORE • 2,400 SF
      4600 Teri Rd, Austin, TX 78744-3720
      View Details
    • Value Estimation
      $255,000
      2,135 SF

      3404 Us Hwy 183rd S

      CONVENIENCE STORE • 2,135 SF
      3404 Us Hwy 183rd S, Austin, TX 78744-2606
      View Details

    Similar Nearby for Sale

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      Land Available Near Bluff Springs

      Land for sale near William Cannon and Bluff Springs Drive.
      7614 Bluff Springs Rd, Austin, TX 78744
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      15,000 SF

      Warehouse with Fenced Yard

      15,000 SF warehouse with office space for sale.
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    Similar Nearby for Lease

    • $1,200 /Mo

      Los Cielos Plaza Opportunity

      Space available in Los Cielos Plaza for portable business.
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      Industrial Space with High Clearance

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      9 SF

      Industrial Space Available for Sublease

      Industrial property available for sublease, ranging from 1,350 to 4,250 SF.
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      124,313 SF

      Austin Industrial Development For Lease

      Class-A industrial space in southeast Austin near airport.
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      140,916 SF

      Austin Warehouse Space Available

      140,916 SF warehouse space for lease in Austin, TX.
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      View Details
    • Contact for pricing
      12,845 SF

      Warehouse Space with Air Conditioning

      12,845 SF warehouse with air-conditioned space available for lease.
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      View Details
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    Austin, TX 78744-3407
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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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