Open Sun
$6,840,000
6.8% cap · 18,850 sq ft RBA · Class B
6430 Rainey St
Austin, TX 78703
Listed 8 weeks ago$363/sq ft
01 / 05
For SaleRetail
$6,035,000
3116 S Congress Ave
Hyde Park · Austin, TX 78723
$366/sq ft195 days on market4.1K views245 saves
Key facts
- Interior
- 16,510 sq ft
- Lot
- 1.20 acres
- Year built
- 1980
- Property type
- Retail
- Price / sq ft
- $366/sq ft
- Annual taxes
- $109,230
- Days on market
- 195
Getting around
Walk Score74
Very Walkable
Transit Score52
Good Transit
Bike Score69
Bikeable
About this property
A Class B retail property on S Congress Ave trading at a 7% cap with 81% occupancy. Monument Signage and highway frontage make the space genuinely functional rather than merely leasable.
Investment summary
Investment summary
Cap rate
7.00%
Net operating income ÷ price
Net operating income
$422,450
Annual, after operating expenses
Cash-on-cash
+4.0%
$72,199 annual cash flow on $1,810,500 equity
Occupancy81%
13,373 sq ft leased of 16,510 sq ft
- Tenants
- 5
- Rentable area
- 16,510 sq ft
- Price / sq ft
- $366/sq ft
- WALE
- 3.8 yrs
- Lease type
- NNN
- Building class
- Class B
- Zoning
- NS-1
- Parking
- 69 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $350,251 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
- Monument Signage
- Highway Frontage
- Corner Visibility
- Drive-Thru
- Build-to-Suit Ready
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2017-11-17 | Sold | $4,029,000 |
| 2026-01-11 | Listed | $6,035,000 |
Location
Hyde Park, Austin — Travis County
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Approximate location · Hyde Park
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Estimated monthly
$41,062/mo
- Principal & interest74%$30,199
- Property tax22%$9,103
- Home insurance4%$1,760
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $4,828,000 · 30 yr · 6.40%
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