Signalized-Intersection Retail
For Sale
Contact for pricing
1012 Municipal Drive #230, Leander, TX 78641
The site has curb cuts, utilities, and access to US-183.
Property Size68,000 SF
Price / SF$0.07
Days on Market20
Property Features for 1012 Municipal Drive #230
General Information
Standard status
Active
Size
68,000 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
2026
Listing Agency:
All City Real Estate Ltd. Co
(866) 277-6005
Listed By:
Radha Vallabhajosyula
(512) 791-3984
Source:
Hoydenhomes
Added: Oct 11
Changed: Oct 28
Last Checked: Oct 28 at 2:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of All City Real Estate Ltd. Co
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Retail space at 1012 Municipal Drive in Leander sits at Bagdad Road and Municipal Drive, where the intersection is signalized. The property is offered in pad-site, shell, or existing retail-unit configurations, with build-to-suit options noted. Utilities and curb cuts are in place, and parking is available.
US-183 is accessible from the property, and the location is near Crystal Falls and other main arterials. The listed address is 1012 Municipal Drive, Suite 230.
US-183 is accessible from the property, and the location is near Crystal Falls and other main arterials. The listed address is 1012 Municipal Drive, Suite 230.
Key Highlights
- Retail property at Bagdad Road and Municipal Drive
- Signalized intersection with curb cuts in place
- Utilities available at the site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,197,361
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,947,220
$23.9M
Cap Rate 7%
$17,105,157
$17.1M
Cap Rate 9%
$13,304,011
$13.3M
Market Conditions
NOI Build-Up for 68,000 SF
Gross rent
$1.77M $26.04/SF
− Vacancy
−$60.2K −$0.89/SF
EGI
$1.71M $25.15/SF
− OpEx
−$513.2K −$7.55/SF
NOI
$1.20M $17.61/SF
Area
Williamson County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,947,220
Cap Rate 7%
$17,105,157
Cap Rate 9%
$13,304,011
Alternative Uses
Best Use
Retail
$17.11M
$14.97M – $19.96M
NOI $1,197,361 @ 7.0% cap · market cap 26,613.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.43M
$24.87M – $33.16M
NOI $1,989,800 @ 7.0% cap · market cap 44,227.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 78641, TX
83,426
Population
33,118
Households
2.5
Avg Household Size
36
Median Age
51%
College-Educated
95%
High-School Grad
124.4 sq mi
ZIP Area
671
Density / Sq Mi
$131,421
Median Household Income
$61,185
Median Earnings
$1,873
Median Rent
$453,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The site has curb cuts, utilities, and access to US-183.
Where is this retail space located?
The property is located at 1012 Municipal Drive #230 Leander, TX.
What are key features of this property?
This property features: Retail property at Bagdad Road and Municipal Drive; Signalized intersection with curb cuts in place; Utilities available at the site
