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Property profile & analytics
FOR LEASE
Strip malls
4404 William Cannon Dr Austin, TX 78749-1423
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US83-4217668
For Lease
1 / 3
Contact for pricing
4404 William Cannon Dr, Austin, TX 78749-1423
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Property summary
AI-generated overview
West Creek Shopping Center, located at 4404 W William Cannon Dr in Austin, Texas (zip code 78749), presents a compelling retail investment opportunity. This Travis County property offers a total of 2,595 square feet of vacant retail space, currently divided into multiple units. Individual spaces range from a minimum of 1,235 square feet to a maximum contiguous space of 1,360 square feet, providing flexibility for various business needs. The property is situated in Austin's robust Southwest retail submarket, a high-demand area known for its strong occupancy rates. Market data indicates a current submarket occupancy of 96.7% and average triple net rental rates of $28.44 per square foot, highlighting the significant potential for return on investment. The center's location within Travis County offers excellent access to a thriving consumer base. This is an exceptional chance to establish a presence in a prime Austin retail location with high visibility and strong market fundamentals. The entire 2,595 square feet is currently available for lease. Interested parties should inquire for further details and lease terms.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
CONCRETE
Total area
22,176 SF
Lot
9.27 ac (403,975 SF)
APN
412250202
UPID
US83-4217668
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Amber Scarborough Financial Advisor
-
Yanagi Restaurant
-
Edward Jones - Financial Advisor: Adam T Hughes Financial Advisor
-
Scenthound Pet Grooming Service
-
Edward Jones - Financial Advisor: Pete Conforti Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$845k
Owner & transaction history
Jmc Ranch West Creek LLC · 6 yrs held
Jmc Ranch West Creek LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+42.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Current use
WAREHOUSE, STORAGE
$1,075,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$38 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$348,501
Tax year 2022
Assessed value
$17,750,855
Assessed 2023
Previous assessed
$17,750,855
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$3,635,775
Assessed improvement
$14,115,080
Land market value
$3,635,775
Improvement market value
$14,115,080
Total market value
$17,750,855
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2000
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
22,176 SF
Lot
9.27 ac (403,975 SF)
APN
412250202
UPID
US83-4217668
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
9.27 ac
Current owner
From public records · entity-resolved
Jmc Ranch West Creek LLC
Entity
Mailing address
4550 TRAVIS ST STE #250, DALLAS, TX 75205-4674
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2020
—
Jmc Ranch West Creek LLC
—
Deed
related
$10,600,000 · Miscellaneous Ins Co
Sep 11, 2019
—
Jmc Ranch West Creek LLC
Ia Austin West Creek LLC
Grant Deed
—
Oct 2, 2013
—
Inland American Austin West Cr
West Creek 06 A LLC
Quit Claim Deed
related
—
Nov 13, 2006
—
West Creek 06 A LLC
William Cannon Brushy Country LP
Special Warranty Deed
$10,000,000 · Royal Bank Of Canada
—
—
William Cannon Of Brushy Cntry
—
Deed Of Trust
related
$3,375,000 · Ameritas Life Insurance Corp
—
—
Jmc Ranch West Creek LLC
—
Deed Of Trust
related
$10,600,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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