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    Property profile & analytics

    3010 Anderson Ln Austin, TX 78757

    • Strip malls
    • 44,589 SF
    • 3.96 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3554647
    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

    • Golden Eye Chocolates / Food Processing Plant
    • Ashley Paige Aesthetics / Hair Salon / Nail Salon
    • Repair Residential Locks Austin TX / Hardware & Home Improvement / General Contractor
    • Bright Beginnings Boutique / Clothing & Fashion Store
    • Calico / Interior Design / Home Decor Store

    Property Details for 3010 Anderson Ln

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    3.96 lot acres
    Property size
    44,589 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    240030704
    APU
    240030704

    Description

    Creekside Square Shopping Center, located at 3010 W Anderson Ln, Austin, TX 78757, presents a compelling investment opportunity in a thriving Austin retail market. This 50,000 square foot strip center boasts a prime location at the northeast intersection of Anderson Lane and Shoal Creek Boulevard. Currently, there are three available spaces ranging from 2,747 to 9,891 square feet, totaling 1,479 square feet of vacant space. The center is anchored by established and successful businesses, including John William Interiors, Jack Allen's Kitchen Restaurant, Einstein's Bagels, and Embellish Boutique, creating a strong tenant mix and a vibrant atmosphere. This high-end retail and restaurant space offers excellent visibility and accessibility, benefiting from high traffic counts and a dense residential population in the immediate vicinity. Situated in Travis County, this property provides investors with a chance to acquire a well-positioned asset in one of Austin's most desirable retail corridors. The existing tenant roster demonstrates the center's appeal and potential for continued success. The available spaces offer flexibility for a variety of retail concepts, making this an ideal opportunity for investors seeking a strong return on investment in a rapidly growing market. The property's location and established tenant base make it a highly attractive investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,715,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7397
    Latitude
    30.3613
    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
    $0.00
    $7,378,223
    $5,932,660
    $13,310,883
    -
    $7,378,223
    $5,932,660
    $13,310,883

    Comparable in this City

    • Value Estimation by Request
      6,261 SF

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      2213 Justin Ln, Austin, TX 78757-2416
      View Details
    • Value Estimation
      $630,000
      29,930 SF

      3405 Steck Ave

      SHOPPING CENTER, STRIP CENTER • 29,930 SF
      3405 Steck Ave, Austin, TX 78757
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    • Value Estimation by Request
      5,002 SF

      7100 Woodrow Ave

      SHOPPING CENTER, STRIP CENTER • 5,002 SF
      7100 Woodrow Ave, Austin, TX 78757-1802
      View Details
    • Value Estimation
      $905,000
      26,009 SF

      911 Anderson Ln

      SHOPPING CENTER, STRIP CENTER • 26,009 SF
      911 Anderson Ln, Austin, TX 78757-1501
      View Details
    • Value Estimation
      $1,650,000
      44,266 SF

      2900 Anderson Ln

      SHOPPING CENTER, STRIP CENTER • 44,266 SF
      2900 Anderson Ln, Austin, TX 78757-1102
      View Details
    • Value Estimation by Request
      14,675 SF

      6415 Burnet Ln

      SHOPPING CENTER, STRIP CENTER • 14,675 SF
      6415 Burnet Ln, Austin, TX 78757-3248
      View Details

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    Similar Nearby for Lease

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      50,000 SF

      Austin Retail Center Investment Opportunity

      High-end retail space, prime Austin location.
      3010 Anderson Ln, Austin, TX 78757
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      Retail Destination in Central Austin

      Regional mall anchored by Walmart in central Austin.
      2525 West Anderson Ln, Austin, TX 78757
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      7,982 SF

      Retail Space in Austin, TX

      Retail space available in a high-traffic Austin location.
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      Retail Space on Anderson Lane

      Retail space available for lease in Austin, Texas.
      3200-3300 W Anderson Ln, Austin, TX 78757
      View Details
    • Contact for pricing
      3,742 SF

      Restaurant with Drive-Thru Available

      Second-generation restaurant with drive-thru at signalized intersection.
      8620 Burnet Rd, Austin, TX 78757
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    • $24 SF/Yr
      2,675 SF

      Retail Space on Northcross Drive

      Retail suite with open floor plan and drive-up parking.
      7739 Northcross Dr, Austin, TX 78757
      View Details
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    Austin, TX 78757
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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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