Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11880 Hero Way W Leander, TX 78641

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in Leander, near major retail and transportation.

    Property size:
    12,000 SF
    Lot size:
    16.45 Acres

    Property Features for 11880 Hero Way W

    General Information

    Size
    12,000 SF
    Lot size
    16.45 Acres

    We can help!

    Listing Contact
    Austin Aguilar
    Austin Aguilar
    Source: Moodyscre

    Listing Agent: Austin Aguilar

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Near HEB Plus

    Located on a retail corridor in Leander, the property is situated near HEB Plus, the 3rd largest HEB store in Texas. The location benefits from an annual household growth projected at 5.6% from 2022 to 2027 within a 5-mile radius. The complex is easily accessible and is located 3 miles from Toll Road 183A. Leander is experiencing rapid growth, identified as the fastest-growing city (over 50,000) in the country with a growth rate of over 11%, equating to approximately 16 people per day. The property offers 12,000 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Summit Jewelers Leander Jewelry Store Farmers Insurance - Judy ... Insurance Agency The Skate Gym Gym Porch Light Studio Video Production Service Saccone's Pizza & Subs Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Leander
    County
    Travis
    State
    Texas
    Longitude
    -97.8699075
    Latitude
    30.5783701

    Nearby Similar for Lease

    • $2,100 /Mo
      1,215 SF

      Furnished Condo with Lake Views

      Updated, furnished condo in gated community with resort-style amenities.
      3404 American Dr, Leander, TX 78645
      View Details
    • $29 SF/Yr

      Modern Commercial Space in Leander

      New commercial space suitable for retail, office, or restaurant.
      103 Atkins St, Leander, TX 78641
      View Details
    • $4,500 /Mo

      Secluded Williamson County Live/Work Retreat

      Unique 5-acre property with versatile metal building and sustainable features.
      6201 Acacia Dr, Leander, TX 78641
      View Details
    • Contact for pricing
      1,760 SF

      End Cap Retail Space Available

      Prime corner unit in a mixed-use development near medical facilities.
      10861 183A, Leander, TX
      View Details
    • $1,600 /Mo

      Leander Townhome with Ensuite Bathrooms

      Premium 2-bedroom, 2.5-bath townhome near Austin's tech corridor.
      523-1504G Powell Dr, Leander, TX 78641
      View Details
    • $1,600 /Mo

      Leander Townhome with Ensuite Bathrooms

      2 bed, 2.5 bath townhome near Austin's tech corridor.
      523-1304G Powell Dr, Leander, TX 78641
      View Details
    • $1,600 /Mo
      1,086 SF

      Leander Townhome with Ensuite Bathrooms

      Two-bedroom, two-and-a-half-bath townhome near Austin's tech corridor.
      523-1602G Powell Dr, Leander, TX 78641
      View Details
    • Contact for pricing
      6,000 SF

      New Leander Office/Warehouse Business Park

      New office/warehouse business park in booming Leander sub-market.
      775 County Road 270, Leander, TX 78641
      View Details
    • Contact for pricing
      128,509 SF

      Northline Medical Office Space

      Leander, TX medical office suites available
      183 And 183A, Leander, TX 78641
      View Details
    • $1,600 /Mo
      1,086 SF

      Leander Townhome with Ensuite Baths

      Two-bedroom, two-and-a-half-bath townhome near Austin's tech corridor.
      523-1603G Powell Dr, Leander, TX 78641
      View Details
    • $1,600 /Mo

      Leander Townhome with Ensuite Baths

      Upscale 2 bedroom, 2.5 bath townhome near Austin's tech corridor.
      523-1502G Powell Dr, Leander, TX 78641
      View Details
    • Contact for pricing
      22,500 SF

      Pointe 183: Leander Office Space

      Class A Office Suites in Prime Leander Location
      10861 183A Frontage Rd, Leander, TX 78641
      View Details

    FAQs

    What type of property is this?
    Specialty property - Retail space in Leander, near major retail and transportation.
    Where is this specialty property located?
    The property is located at 11880 Hero Way W Leander, TX.
    What are key features of this property?
    This property features: - Located near HEB Plus, the 3rd largest HEB store in Texas.; - Leander is the fastest-growing city in the country (over 50,000 residents).; - Projected annual household growth of 5.6% (2022-2027) within a 5-mile radius.
    (512) 474-5557
    Request Owner's contact information
    11880 Hero Way W Leander, TX 78641
    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.
    11880 Hero Way W
    Leander, TX 78641
    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
    11880 Hero Way W Leander, TX 78641
    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

    We can help!
    Listing Contact
    Austin Aguilar
    Austin Aguilar
    Real Estate License ID: TX 732212
    (512) 474-5557
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.