Add Listing
    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

    987 N Highway 183 Liberty Hill, TX

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

    Industrial property in Liberty Hill, near Austin, TX.

    Type:SPECIALTY
    Property size:
    15,000 SF
    Lot size:
    6.43 Acres
    Added:
    Apr 3, 2025
    Days on Market:
    387
    Last Refresh:
    Apr 5 at 8:12 pm

    Property Features for 987 N Highway 183

    General Information

    Standard status
    Active
    Size
    15,000 SF
    Lot size
    6.43 Acres
    Property subtype
    SPECIALTY

    Spaces For Lease

    at 987 N Highway 183 Contact us

    We can help!

    Listing Contact
    Andrew Wiesemann
    Andrew Wiesemann

    Listing agent Andrew Wiesemann License #782132

    Listing office Matthews Real Estate Investment Services | Dallas

    Listing date Apr 3, 2025

    Source Moodyscre

    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 Matthews Real Estate Investment Services | Dallas

    Overview

    Industrial Space in Growing Community

    This industrial property offers between 10,000 and 15,000 square feet of building space on a total acreage of approximately 5.6 acres. The site is equipped with 3-phase power and utilities. Situated in Liberty Hill, one of Austin’s fastest-growing communities, the area has experienced a 112% population increase over the last 10 years within a 3-mile radius. The property is located approximately 33 miles north of Downtown Austin and 38 miles north of Austin-Bergstrom International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Liberty Hill
    County
    Williamson
    State
    Texas
    Longitude
    -97.8821
    Latitude
    30.6666

    Nearby Similar for Lease

    • $5,500/Mo

      Liberty Hill Flex Space Rental

      Flex space with yard, shop, office, and ample parking.
      1630 County Road 279, Liberty Hill, TX 78642
      View Details
    • $28 SF/Yr

      Liberty Hill Flex Space

      Flex space with yard, shop, office, and ample parking.
      1630 County Road 279, Liberty Hill, TX 78642
      View Details
    • $6,000/Mo

      Retail or Automotive Property ForRent

      Retail or automotive property with 1,036 SF on 1 acre.
      107 Bailey Ln, Liberty Hill, TX
      View Details
    • $28 SF/Yr

      Liberty Hill Flex Space Available

      Flex space with yard, shop, and office in Liberty Hill.
      1630 County Rd 279, Liberty Hill, TX
      View Details
    • $14 SF/Yr

      Industrial Building with Laydown Yard

      10,000 SF industrial building with one-acre laydown yard.
      800 Co Rd 257, Liberty Hill, TX
      View Details
    • $23 SF/Yr

      Retail Space on Highway 29

      Retail space with highway frontage in growing Liberty Hill, TX.
      14370 W State Highway 29, Liberty Hill, TX
      View Details
    • Contact for pricing

      Liberty Hill Commercial Property

      Commercial property available for rent in Liberty Hill, Texas.
      10085 W State Hwy 29, Liberty Hill, TX 78628
      View Details
    • Contact for pricing

      Commercial Property in Liberty Hill

      Commercial property available for rent in Liberty Hill, Texas.
      8660 West State Highway 29, Liberty Hill, TX 78642
      View Details
    • Contact for pricing

      Commercial Space Available for Rent

      2000 sqft commercial space for rent.
      101 Jonathan Drive, Liberty Hill, TX 78642
      View Details
    • Contact for pricing

      New Retail Space Available

      New construction retail space with high visibility on major thoroughfare.
      14125 Hwy 29, Liberty Hill, TX
      View Details
    • Contact for pricing

      5,000 SF Build to Suite Office Space in Downtown Liberty Hill FOR LEASE

      5,000 SF office building in Liberty Hill's downtown.
      3302 RR 1869, Liberty Hill, TX 78642
      View Details
    • $1,450/Mo

      Liberty Hill Duplex For Rent

      Duplex with fenced backyard, garage, and low-maintenance landscaping.
      104 Liberty Place Cove #B, Liberty Hill, TX 78642
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial property in Liberty Hill, near Austin, TX.
    Where is this industrial property located?
    The property is located at 987 N Highway 183 Liberty Hill, TX.
    What are key features of this property?
    This property features: Located in a fast‑growing Austin community with 112% population growth in 10 years.; Substantial building size: **±10‑15,000 SF on ±5.6 AC.**; **3‑phase power available.**
    (318) 267-1074 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Wiesemann
    Andrew Wiesemann
    Real Estate License ID: 782132
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!