6208 Mcneil Dr Austin, TX 78729
Property Lookup
Property profile & analytics
6208 Mcneil Dr Austin, TX 78729
- Strip malls
- 13,218 SF
- 5.04 lot acres
Property ID
US82-1740101
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.
Location Intelligence
Current Use by Public Records
- Wells Fargo ATM / Atm
- Wells Fargo Bank / Bank / Loan Service
- Wells Fargo Advisors / Financial Advisor
Property Details for 6208 Mcneil Dr
- Year built
- 2005
- Lot size
- 5.04 lot acres
- Property size
- 13,218 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 272000319
- APU
- 272000319
Description
This exceptional investment opportunity presents a 4,200 square foot Wells Fargo Bank branch located on a 0.895-acre lot at 6208 McNeil Dr, Austin, TX 78729. The property boasts a prominent location at the intersection of high-traffic W Parmer Lane and McNeil Drive, offering excellent visibility and access within a thriving retail corridor. The NNN ground lease features a credit-rated tenant with a remaining term of six years, expiring November 30, 2030, and includes 10% rent bumps at each option period. The current asking price is $3,075,000, representing a 5.00% cap rate and a price per square foot of $732.14. The property generates a net operating income (NOI) of $153,731. The site benefits from exceptional demographics, with a total daytime population of 301,274 and an average household income of $139,068 within a five-mile radius. Surrounding the property are numerous amenities including Starbucks, Chipotle, Whataburger, Chase Bank, and an H-E-B anchored shopping center. The location is also proximate to major employers such as Apple's new campus, Research Park, and Saint David's North Austin Medical Center, further enhancing its value and long-term prospects. The tenant's early renewal demonstrates a strong commitment to this location. This is a rare opportunity to acquire a high-quality, net-leased property in one of the fastest-growing metropolitan areas in the United States.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.7444
- Latitude
- 30.4447
- 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
$239,393
$3,291,795
$10,064,129
$13,355,924
-
$3,291,795
$10,064,129
$13,355,924
