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Versatile Property with Multiple Structures

1612 Shenandoah DR, Cedar Park, TX 78613

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For Sale

$2,250,000

1.1-acre property featuring multiple buildings and flexible usage options.

Type:Commercial/Industrial

Property size:

5,780 SF

Lot size:

1.10 Acres

Price / SF:

$389/SF

HighLights

1.1‑acre property with a 5000 sq ft Mueller metal building and a 780 sq ft Mueller building.
Completely remodeled 1530 sq ft home, suitable for residential or commercial use (office/showroom).
Both metal buildings are fully insulated with multiple 12‑foot bay doors.
5000 sq ft shop includes a 15x40 area with central heat and air, office, bathroom, breakroom, and storage.
Located blocks from Lakeline Boulevard, minutes from Lakeline Mall, parks, and schools.
Additional slab for more buildings or storage and two additional storage buildings.

We can help!

Contact an agent

Heather Morrison

Learn more

For Sale

$2,250,000

1.1-acre property featuring multiple buildings and flexible usage options.

Type:Commercial/Industrial

Property size:

5,780 SF

Lot size:

1.10 Acres

Price / SF:

$389/SF

Added:: Dec 9, 2024
Days on Market:: 566
Last Refresh:: May 19 at 9:51 pm

Property Features for 1612 Shenandoah DR

General Information

Standard status: Active
Size: 5,780 SF
Lot size: 1.10 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 2017

We can help!

Contact an agent

Heather Morrison

Listing office Keller Williams - Lake Travis

Listing date Dec 9, 2024

Source Exitrealty

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 Keller Williams - Lake Travis

HighLights

1.1‑acre property with a 5000 sq ft Mueller metal building and a 780 sq ft Mueller building.
Completely remodeled 1530 sq ft home, suitable for residential or commercial use (office/showroom).
Both metal buildings are fully insulated with multiple 12‑foot bay doors.
5000 sq ft shop includes a 15x40 area with central heat and air, office, bathroom, breakroom, and storage.
Located blocks from Lakeline Boulevard, minutes from Lakeline Mall, parks, and schools.
Additional slab for more buildings or storage and two additional storage buildings.

Overview

This 1.1-acre property features a 5000 square foot Mueller engineered metal building, a new 780 square foot Mueller building, and a remodeled 1530 square foot home. The home can be used as an office or showroom. Both buildings are fully insulated and include insulated doors. The property also includes two additional storage buildings. The 5000 square foot shop features a wide-open space with three 12-foot overhead insulated bay doors and full insulation. A 15x40 area is equipped with central heat and air, office space, a bathroom, a breakroom, and storage. An additional slab is located out back for more buildings or storage. The property is located blocks from Lakeline Boulevard and minutes from Lakeline Mall, area amenities, parks, and schools. The property is suitable for owner occupancy with space for vehicles, business, and storage. The warehouse structures and/or home can be leased out. The property is in its own condo regime and offers possibilities for flex space, industrial, warehouse, and office use.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$242.8k	$42.00
− Vacancy	−$59.0k	−$10.21
EGI	$183.8k	$31.79
− OpEx	−$45.9k	−$7.95
NOI	$137.8k	$23.85

5,780 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.97M

$1.72M – $2.30M (±1% cap)

NOI $137,827 @ 7.0% cap · market cap 6.13%

Second Best

Warehouse

$831.3K

$727.4K – $969.9K (±1% cap)

NOI $58,192 @ 7.0% cap · market cap 2.59%

Theoretical Best

Office A

$2.42M

$2.11M – $2.82M (±1% cap)

NOI $169,133 @ 7.0% cap · market cap 7.52%

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

Location Intelligence

Current Use by Public Records

Legendary Concrete Cedar ... Construction Company Round 2 Offroad Auto Parts Store Muscle Cars of Austin Auto Repair Shop Joseph & Sons A/C ... Hardware & Home Improvement Mercado Cedar Park Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: Cedar Park
County: Williamson
State: Texas
Longitude: -97.8206
Latitude: 30.4743

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For sale
Flex space
TX
Cedar Park
78613
1612 Shenandoah DR

What type of property is this?

Flex space - 1.1-acre property featuring multiple buildings and flexible usage options.

Where is this flex space located?

The property is located at 1612 Shenandoah DR Cedar Park, TX.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: 1.1‑acre property with a 5000 sq ft Mueller metal building and a 780 sq ft Mueller building.; **Completely remodeled 1530 sq ft home, suitable for residential or commercial use (office/showroom).**; Both metal buildings are fully insulated with multiple 12‑foot bay doors.