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    Property profile & analytics

    6211 William Cannon Dr Austin, TX 78749-1923

    • Medical offices
    • 7,787 SF
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    Aug 17, 2021
    Value Estimations
    $435,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2659914
    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

    • Kamran Shaikh, DDS / Orthodontist
    • Marion Harris / Oral And Maxillofacial Surgeon
    • Rose Dental Group / Dentist
    • Kenneth Mueller / Dentist
    • Joshua Carr / Dentist

    Property Details for 6211 William Cannon Dr

    Year built
    1998
    Lot size
    1.12 lot acres
    Property size
    7,787 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    408361501
    APU
    408361501

    Description

    This exceptional 2,377-square-foot medical office space is available for lease in Austin, Texas. Located at 6211 West William Cannon Drive, in Travis County, zip code 78749, this single-tenant property presents a fantastic opportunity for medical professionals seeking a well-situated and spacious practice location. The entire building comprises 2,377 square feet, offering ample room for various medical specialties. The property is classified as an office building with a medical office subtype, making it ideally suited for a range of healthcare practices. Its convenient location in Austin provides easy access for patients and staff. The property is currently vacant, allowing for immediate occupancy and customization to meet the specific needs of the new tenant. This is a single-tenant building, ensuring privacy and control over the space. The property's address is 6211 West William Cannon Drive, Austin, TX 78749. Interested parties are encouraged to inquire further to explore this outstanding opportunity to establish or expand a medical practice in a thriving Austin location. The property's geographic coordinates are latitude 30.230716736556978 and longitude -97.86534968506741.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $431,000
      Market price range: $193k - $888k

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8653
    Latitude
    30.2305
    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
    $49,380
    $496,291
    $2,156,486
    $2,652,777
    -
    $496,291
    $2,156,486
    $2,652,777

    Comparable in this City

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    • Value Estimation
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      3601 Davis Ln

      MEDICAL BUILDING • 6,405 SF
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    • Value Estimation
      $470,000
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      5701 Slaughter Ln

      MEDICAL BUILDING • 13,903 SF
      5701 Slaughter Ln, Austin, TX 78749-6527
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    • Value Estimation by Request
      4,409 SF

      4601 Chesney Ridge Dr

      Medical offices • 4,409 SF
      4601 Chesney Ridge Dr, Austin, TX 78749
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    • Value Estimation
      $295,000
      4,426 SF

      6404 Rdg Oak Rd

      HOMES (RETIRED, NURSING) • 4,426 SF
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      View Details
    • Value Estimation
      $595,000
      192,036 SF

      3700 Convict Hl Rd

      OFFICE BUILDING • 192,036 SF
      3700 Convict Hl Rd, Austin, TX 78749-2526
      View Details

    Similar Nearby for Sale

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      South Austin Medical Office Building

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      2,917 SF

      Southwest Austin Office Condo For Sale

      Move-in ready office condo, prime location.
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    • $1,100,000
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    • Contact for pricing
      3,698 SF

      Medical Office Space Available

      Tenant-occupied medical office space with ground-level access for sale.
      5920 W William Cannon Dr, Austin, TX 78749
      View Details
    • $985,000
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      Austin Land: Prime Development Opportunity

      Shovel-ready, 2+ acre Austin site
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    • $965,000

      Austin Specialty Property For Sale

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    Similar Nearby for Lease

    • $30 SF/Yr
      13,648 SF

      Medical/Office Space Available For Rent

      Sublease opportunity with potential for co-location and investment.
      5200 Davis Ln, Austin, TX 78749
      View Details
    • $28 SF/Yr
      2,377 SF

      Medical Office Space Available

      Medical office space for rent in Southwest Austin.
      6211 W William Cannon Dr, Austin, TX 78749
      View Details
    • $950 /Mo

      Office Space Available For Rent

      Office space for rent at $11 per square foot.
      6012 W William Cannon Dr, Austin, TX 78749
      View Details
    • $29 SF/Yr
      1,541 SF

      Office Space with Lobby Signage

      18,080 SF office space with monument and lobby signage.
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    • $38 SF/Yr
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      Garza Ranch Executive Offices

      Austin Office Space: 34,065 - 38,097 SF Available
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    • Contact for pricing
      37,500 SF

      Class A Office Space Available

      Class A office space for rent in Austin, Texas.
      3800 Ben Garza Ln, Austin, TX 78749
      View Details
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    Austin, TX 78749-1923
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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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