Technical
Financial
Distress signals
Property profile

6001 W William Cannon Dr Austin, TX 78749

FOR LEASE
Strip malls
Property ID
US83-3744054
10,725 SF 7.32 ac lot Built 2000
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses a 25,750 square foot, multi-tenant commercial property situated on a 7.32-acre lot in Austin, Texas. The property, built in 2001, consists of two buildings classified as Class B and features a mix of traditional and creative office spaces, along with retail components. Located in the desirable Legend Oaks Plaza I and II, the complex boasts a park-like setting with mature oak trees, providing a serene and attractive environment. The property benefits from three convenient ingress/egress points, ensuring easy access for tenants and customers. Ample parking is available to accommodate both employees and patrons. Plaza I, the retail section, includes established tenants such as NextCare Urgent Care and Hecho en Mexico Restaurant. Plaza II offers move-in ready, ADA-compliant office spaces, ideal for businesses seeking a high-visibility location in the thriving South/West Austin area. The property is zoned GR-CO-NP, LR-NP and is conveniently located between Loop 1 and US Highway 290, offering excellent access to major transportation arteries. This property presents a compelling investment opportunity in a dynamic and growing market. Travis County location and proximity to major roadways enhance its appeal.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2000
Construction CONCRETE
Total area 10,725 SF
Lot 7.32 ac (318,685 SF)
APN 410340802
UPID US83-3744054

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
  • Training Center
  • Pediatrician Physician
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Dental Office
  • Construction Company General Contractor

Location

6001 W William Cannon Dr Austin, TX 78749
Austin metro Census 31200 AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$560k
Blend (final) Blend
$560k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2019
Price N/A
2006
Price N/A
2004
Price N/A
2000
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $755,000 +106.3%
Warehouse, storage $520,000 +42.0%

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?”
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