Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Mixed-Use Development Title is generated by Realmo AI

    109 S Lexington St, Manor, TX 78653

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in Manor, Texas, near major employers.

    Type:Retail
    Property size:
    4,169 SF
    Added:
    Mar 5, 2026
    Days on Market:
    69
    Last Refresh:
    Mar 16 at 11:29 am

    Property Features for 109 S Lexington St

    General Information

    Standard status
    Active
    Size
    4,169 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 109 S Lexington St Contact us

    We can help!

    Listing Contact
    Judy Ratsamy Saldana

    Listing agent Judy Ratsamy Saldana License #TX 635411

    Listing office Engvest Group - eXp Commercial

    Listing date Mar 5, 2026

    Source Crexi

    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 Engvest Group - eXp Commercial

    HighLights

    • Prime location in Manor, Texas, off US Highway 290.
    • Mixed‑use development with retail space and luxury residential units.
    • Close proximity to major employers like Tesla and Samsung.
    • Located in Austin, Texas, one of the country's leading growth markets.
    • 4,169 SF of retail space available.
    • Can be delivered in shell condition or white box.

    Overview

    This property offers 4,169 square feet of retail space situated on the first floor of The Lexington, a mixed-use development in Manor, Texas. The development also includes 8 luxury residential units located above the retail space. The property is positioned off US Highway 290, providing a central location with close proximity to major employers such as Tesla, Samsung, and Applied Materials. Located in the Austin, Texas growth market, the retail space can be delivered in shell condition or white box, depending on the agreed-upon terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manor
    County
    Travis
    State
    Texas
    Longitude
    -97.5579954
    Latitude
    30.3404949

    Nearby Similar for Lease

    • $2,832/Mo

      FM 973 Commercial Property

      Commercial property with great location and visibility on FM 973.
      11830 Fm-973 N, Manor, TX 78653
      View Details
    • $3,700/Mo

      Downtown Manor Daycare Opportunity

      2,200 SF daycare space in downtown Manor, Texas.
      101 E Boyce St, Manor, TX
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail property available for lease in Manor, Texas.
      13100 FM973, Manor, TX
      View Details
    • Contact for pricing

      Available Warehouse Space in Manor

      108,139 RSF warehouse space available for lease.
      10111 Hill Ln, Manor, TX
      View Details
    • Contact for pricing

      Retail Space in Growing Suburb

      Retail space available in high-growth Austin suburb.
      12420 Tillgang Pass, Manor, TX
      View Details
    • Contact for pricing

      Retail Space in Growing Suburb

      Retail space available in high-growth Austin suburb.
      14501 Tillgang Pass, Manor, TX
      View Details
    • Contact for pricing

      Retail Space in Growing Suburb

      Retail property in high-growth Austin suburb with significant residential development.
      State School Rd, Manor, TX
      View Details
    • Contact for pricing

      Northeast Austin Industrial Park

      Two-building industrial park in Northeast Austin with flexible layout.
      12821 Titanium St, Manor, TX
      View Details
    • Contact for pricing

      Manor Warehouse Space Available

      152,174 SF warehouse space for lease in Manor, TX.
      6901 E Howard Ln, Manor, TX
      View Details
    • Contact for pricing

      Manor Warehouse Space Available

      Available warehouse space in Manor, Texas totaling 123911 square feet.
      11801 Decker Lake Rd, Manor, TX
      View Details
    • $30 SF/Yr

      Retail and Office Complex

      Multi-tenant retail and office complex in Manor, TX for lease.
      12700 Lexington St, Manor, TX
      View Details
    • Contact for pricing

      New Logistics Park Development

      Master-planned logistics park with unparalleled access, delivering early 2025.
      0 Hwy 290, Manor, TX
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in Manor, Texas, near major employers.
    Where is this retail space located?
    The property is located at 109 S Lexington St Manor, TX.
    What are key features of this property?
    This property features: Prime location in Manor, Texas, off US Highway 290.; Mixed‑use development with retail space and luxury residential units.; Close proximity to major employers like Tesla and Samsung.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Judy Ratsamy Saldana
    Real Estate License ID: TX 635411
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    109 S Lexington St, Manor, TX 78653
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!