Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land on Corner Lot Title is generated by Realmo AI

    120 Leisure Lane, Cedar Creek, TX 78612

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,195,000

    4-acre corner lot with commercial development potential in Cedar Creek.

    Type:V, MU
    Lot size:
    4.00 Acres
    Added:
    Aug 21, 2025
    Days on Market:
    277
    Last Refresh:
    Apr 3 at 4:56 am

    Property Features for 120 Leisure Lane

    General Information

    Standard status
    Active
    Lot size
    4.00 Acres
    Property subtype
    V, MU

    Building Details

    Year Built
    2020

    We can help!

    Listing Contact
    Alice Duffy
    Alice Duffy

    Listing agent Alice Duffy License #0681288

    Listing office KW Commercial

    Listing date Aug 21, 2025

    Source Realnex

    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 KW Commercial

    HighLights

    • Prime corner lot location on Highway 21 with high visibility.
    • Commercial development potential with minimal or flexible zoning.
    • Located in a high‑growth corridor between Bastrop and Austin.
    • Benefits from TxDOT highway widening project and increased traffic (approx. 16,000 vehicles per day).
    • Near major economic drivers like EdgeConneX data center and Hyatt Lost Pines Resort.
    • Easy access to SH‑71 and regional infrastructure.

    Overview

    This corner lot, situated on approximately 4 acres at the intersection of Leisure Lane and Highway 21 in Cedar Creek, presents a commercial development opportunity. The property benefits from direct frontage on Highway 21, offering visibility and flexibility. Located in a high-growth corridor between Bastrop and Austin, the site is influenced by TxDOT’s highway widening project and traffic volumes of approximately 16,000 vehicles per day. Proximity to economic drivers such as the $440 million EdgeConneX data center campus and the Hyatt Lost Pines Resort may further enhance the property's appeal. The zoning in the area allows for retail, office, industrial, or mixed-use development. Nearby recreational anchors and residential growth may support demand for supporting services and commercial amenities. With access to SH-71 and regional infrastructure, this property may suit an investor or owner-user seeking scalable potential in a developing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Department Store Kitchen & Bath Showroom Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Creek
    County
    Bastrop
    State
    Texas
    Longitude
    -97.4412357
    Latitude
    30.1098432

    Nearby Similar for Sale

    • $625,000
      4,572 SF

      Versatile Commercial Property in Cedar Creek

      Two-acre property with residential and commercial zoning near Highway 21.
      829 State Highway 21, Cedar Creek, TX 78612
      View Details
    • $650,000
      2,492 SF

      Versatile Property with Income Potential

      Two-acre property with residential and commercial zoning near Austin.
      829 State Highway 21, Cedar Creek, TX 78612
      View Details
    • $799,900

      Unrestricted Land in Cedar Creek, TX

      20.02 acres, Ag-Exempt, unrestricted land near Bastrop, TX.
      FM 812, Cedar Creek, TX 78612
      View Details
    • $900,000

      4 Acres Land in Cedar Creek

      4 acres of land with two easement entrances.
      120 James Hoskins Lane, Cedar Creek, TX 78612
      View Details
    • $1,350,000

      8-Acre Property with Rental Income

      Two lots with three mobile homes, immediate rental income.
      194 Williams Ln A & C, Cedar Creek, TX 78612
      View Details
    • $1,350,000

      8 Acres with Mobile Homes

      Two lots with three mobile homes in Cedar Creek.
      194 Williams Lane, Cedar Creek, TX 78612
      View Details
    • $298,000

      Land in Cedar Creek

      Land available in Cedar Creek, Texas.
      264 Mesquite DR B, Cedar Creek, TX 78612
      View Details
    • $1,130,000

      4.88 Acres on SH 21

      4.88± acre commercial land for sale on SH 21.
      519 TX-21, Cedar Creek, TX
      View Details
    • $1,350,000
      6,003 SF

      Land For Sale

      Land available for purchase.
      194 Williams Ln, Cedar Creek, TX 78612
      View Details
    • $550,000

      Highway 71 Bastrop Acreage Opportunity

      0.919-acre lot with mature trees, highway access, near Bastrop.
      1546 State Highway 71, Cedar Creek, TX 78612
      View Details
    • $2,480,000

      Unrestricted Land Near School

      Almost 32 acres of unrestricted land near Bluebonnet Elementary.
      312 Blue Flame Road, Cedar Creek, TX 78612
      View Details
    • $2,999,000

      Commercial Land Near Highway 71

      5+ acre commercial property with steel building near Highway 71.
      121 James Hoskins Ln, Cedar Creek, TX, 78612-3269
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4-acre corner lot with commercial development potential in Cedar Creek.
    Where is this commercial land located?
    The property is located at 120 Leisure Lane Cedar Creek, TX.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: Prime corner lot location on Highway 21 with high visibility.; Commercial development potential with minimal or flexible zoning.; Located in a high‑growth corridor between Bastrop and Austin.
    (512) 784-2345
    We can help!
    Listing Contact
    Alice Duffy
    Alice Duffy
    Real Estate License ID: 0681288
    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
    120 Leisure Lane, Cedar Creek, TX 78612
    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!