$6,035,000
7.0% cap · 16,510 sq ft RBA · Class B
3116 S Congress Ave
Austin, TX 78723
Listed 7 months ago$366/sq ft
01 / 08
Open Jul 26, 2026For SaleRetail
$6,840,000
6430 Rainey St
Mueller · Austin, TX 78703
$363/sq ft58 days on market2.2K views54 saves
Key facts
- Interior
- 18,850 sq ft
- Lot
- 1.24 acres
- Year built
- 1979
- Property type
- Retail
- Price / sq ft
- $363/sq ft
- Annual taxes
- $123,800
- Days on market
- 58
Getting around
Walk Score71
Very Walkable
Transit Score48
Some Transit
Bike Score64
Bikeable
About this property
Value-add retail property in Mueller with below-market rents rolling inside the next cycle. Zoning and the anchored center leave the door open for a future repositioning.
Investment summary
Investment summary
Cap rate
6.80%
Net operating income ÷ price
Net operating income
$465,120
Annual, after operating expenses
Cash-on-cash
+3.3%
$68,150 annual cash flow on $2,052,000 equity
Occupancy76%
14,326 sq ft leased of 18,850 sq ft
- Tenants
- 3
- Rentable area
- 18,850 sq ft
- Price / sq ft
- $363/sq ft
- WALE
- 5.9 yrs
- Lease type
- Ground Lease
- Building class
- Class B
- Zoning
- GR
- Parking
- 97 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $396,970 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Systems & Efficiency
- Sprinkler System
Highlights
- Highway Frontage
- Anchored Center
- Monument Signage
- Signalized Corner
- NNN Leases in Place
- Opportunity Zone
- 24/7 Card Access
- Recent Capital Improvements
Price history
Every listing event recorded for this property.
- Listed
- Price raise
| Date | Event | Price |
|---|---|---|
| 2026-05-28 | Listed | $6,586,000 |
| 2026-06-20 | Price raise | $6,840,000 |
Location
Mueller, Austin — Travis County
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Approximate location · Mueller
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Estimated monthly
$46,539/mo
- Principal & interest74%$34,228
- Property tax22%$10,317
- Home insurance4%$1,995
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 $5,472,000 · 30 yr · 6.40%
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