905 sq ft Office, Shell Condition, High Visibility
Property size:
905 SF
Description
Added:
Feb 3, 2025
Days on Market:
311
This exceptional 905-square-foot office space is available for purchase at $360,000. Located at 15141 Ronald Reagan Blvd, Unit 504, Leander, TX, this prime property boasts a highly visible location on a signalized hard corner with strong morning traffic flow. Situated within the modern Ronald Reagan Crossing development, this shell-condition office benefits from over 20,000 vehicles passing daily, ensuring excellent exposure for your business. The development itself comprises 37,000 square feet of medical and professional office space, 45,000 square feet of retail space, 6,000 square feet of drive-through businesses, and a 10,000-square-foot daycare facility, creating a vibrant and thriving community. The property is ideally suited for a variety of service-based businesses, including but not limited to insurance agencies, real estate offices, law firms, title companies, startups, small medical practices, tax consultants, and IT agencies. Its location within a high-density residential area, with over 2,500 homes within a 1.5-mile radius, guarantees a strong local customer base. The city's planned expansion of Ronald Reagan Boulevard to six lanes will further enhance accessibility and visibility. The property sits on a 0.02-acre lot. Note that the adjacent unit (Unit 502) is also available for lease, offering a combined total of approximately 1860 square feet. The net operating expenses are $13 per square foot. Potential buyers are encouraged to conduct their own due diligence.
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15141 Ronald Reagan Blvd Leander, TX 78641
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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.
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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.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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15141 Ronald Reagan Blvd Leander, TX 78641
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15141 Ronald Reagan Blvd, Leander, TX
Nagajyothi Mailavaram
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