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3010 W Anderson Ln Austin, TX 78757

Strip malls Google Maps
44,589 SF 3.96 ac lot Built 1995
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$1.19M
Range $1.07M – $1.31M (±10%)
Property ID US82-3554647

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1995
Construction STEEL FRAME
Total area 44,589 SF
Lot 3.96 ac (172,589 SF)
APN 240030704
UPID US82-3554647

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Processing Plant
  • Hair Salon Nail Salon
  • Hardware & Home Improvement General Contractor
  • Clothing & Fashion Store
  • Interior Design Home Decor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.19M

Owner & transaction history

1 recorded transaction
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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