Versatile Commercial Property in
For Sale
$3,200,000
3364 N Bagdad RD, Leander, TX 78641
Prime commercial property suitable for various business uses.
Property Size13,200 SF
Lot Size4.52 Acres
Price / SF$242.42
Days on Market785
Property Features for 3364 N Bagdad RD
General Information
Standard status
Active
Size
13,200 SF
Lot size
4.52 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
2012
Listing Agency:
Mallach and Company
(512) 799-9083
Listed By:
John Mallach · License #0568197
(512) 799-9083
Source:
Exitrealty
Added: Jun 14, 2024
Changed: Jul 6
Last Checked: Aug 6 at 4:24AM
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 Mallach and Company
Investment Insights
Based on property information with market context.
This commercial property is located in Leander, TX. The property is suitable for commercial, light industrial, or flex use. The site spans approximately 4 acres and fronts N Bagdad Rd. There are three metal warehouse buildings totaling 13,200 sqft. Two buildings are occupied by tenants. The third building offers 5,000 sqft and is in shell condition. The property includes electricity, water, and a septic system. City water/sewer and three-phase electricity are available at the street. The property features three large metal buildings with large bay doors and high ceilings. Ample parking is available. The property also offers 18-wheeler access and turnaround capabilities. An existing park-n-go business operation is included, generating additional annual income.
Key Highlights
- Prime location in Leander, TX, one of the fastest‑growing cities in America.
- Versatile commercial property suitable for commercial, light industrial, or flex use.
- Three metal warehouse buildings totaling 13,200 sqft on +/- 4 acres.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$232,429
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,648,580
$4.6M
Cap Rate 7%
$3,320,414
$3.3M
Cap Rate 9%
$2,582,544
$2.6M
Market Conditions
NOI Build-Up for 13,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$343.7K $26.04/SF
− Vacancy
−$11.7K −$0.89/SF
EGI
$332.0K $25.15/SF
− OpEx
−$99.6K −$7.55/SF
NOI
$232.4K $17.61/SF
Area
Travis County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,648,580
Cap Rate 7%
$3,320,414
Cap Rate 9%
$2,582,544
Alternative Uses
Best Use
Retail
$3.32M
$2.91M – $3.87M
NOI $232,429 @ 7.0% cap · market cap 7.26%
Second Best
Warehouse
$1.90M
$1.66M – $2.21M
NOI $132,895 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$5.52M
$4.83M – $6.44M
NOI $386,255 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78641, TX
83,426
Population
33,118
Households
2.5
Avg Household Size
36
Median Age
51%
College-Educated
95%
High-School Grad
124.4 sq mi
ZIP Area
671
Density / Sq Mi
$131,421
Median Household Income
$61,185
Median Earnings
$1,873
Median Rent
$453,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Prime commercial property suitable for various business uses.
Where is this flex space located?
The property is located at 3364 N Bagdad RD Leander, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Prime location in Leander, TX, one of the fastest‑growing cities in America.; Versatile commercial property suitable for commercial, light industrial, or flex use.; Three metal warehouse buildings totaling 13,200 sqft on +/- 4 acres.
