Commercial Land with Historic
208 North Gabriel Street Leander, TX 78641
For Sale
$525,000
Two non-contiguous parcels include a 100+ year farmhouse currently used as a photography studio, zoned GC-3C.
Property Size1,229 SF
Lot Size0.35 Acres
Price / SF$427.18
Days on Market1274
Property Features for 208 North Gabriel Street
General Information
- Standard status
- Active
- Size
- 1,229 SF
- Lot size
- 0.35 Acres
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1910
Listing Agency:
Keller Williams - Lake Travis
(512) 415-5364
Listed By:
Delilah Fuentes · License #0507998
(512) 415-5364
Source:
Compass
Added: Jan 29, 2023
Changed: Jul 21
Last Checked: Jul 26 at 11:25AM
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
Investment Insights
Based on property information with market context.
Two non-contiguous commercial parcels are offered for sale, separated by a 20' unimproved alley between the front and back properties. The back lots are mostly cleared and ready for development. The offering includes 1,229 square feet of gross building area alongside 15,007 square feet of land.
A well-maintained 100+ year old farmhouse is currently operating as a photography studio. The home features metal roofing, shiplap walls, wood flooring, four living areas, storage, one bathroom, a kitchen, and a fireplace. The property also includes plenty of parking.
These properties are zoned GC-3C, with an option to explore re-development under the City’s smart code T4 zoning (please contact the City of Leander for details). Located in Leander’s Old Town district, the parcels sit about one block off 183, with nearby businesses including shops, restaurants, offices, and industrial surrounds. The area is described as established, with new development and redevelopment underway, and East St is noted as being planned to connect to 2243.
A well-maintained 100+ year old farmhouse is currently operating as a photography studio. The home features metal roofing, shiplap walls, wood flooring, four living areas, storage, one bathroom, a kitchen, and a fireplace. The property also includes plenty of parking.
These properties are zoned GC-3C, with an option to explore re-development under the City’s smart code T4 zoning (please contact the City of Leander for details). Located in Leander’s Old Town district, the parcels sit about one block off 183, with nearby businesses including shops, restaurants, offices, and industrial surrounds. The area is described as established, with new development and redevelopment underway, and East St is noted as being planned to connect to 2243.
Key Highlights
- Two non‑contiguous parcels with a 1,229 SF 1910 farmhouse currently used as a photography studio
- Land totals 15,007 SF (0.345 acres) with a 20' unimproved alley separating the front and back properties
- Zoned GC‑3C with an option to be under SmartCode T4 zoning; contact City of Leander to explore re‑development
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.6k | $42.00 |
| − Vacancy | −$12.5k | −$10.21 |
| EGI | $39.1k | $31.79 |
| − OpEx | −$9.8k | −$7.95 |
| NOI | $29.3k | $23.85 |
1,229 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$418.7K
$366.3K – $488.4K
NOI $29,306 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$513.8K
$449.5K – $599.4K
NOI $35,963 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sharla Martin Photography
Photography Service
FAQs
What type of property is this?
Creative space - Two non-contiguous parcels include a 100+ year farmhouse currently used as a photography studio, zoned GC-3C.
Where is this creative space located?
The property is located at 208 North Gabriel Street Leander, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two non‑contiguous parcels with a 1,229 SF 1910 farmhouse currently used as a photography studio; Land totals 15,007 SF (0.345 acres) with a 20' unimproved alley separating the front and back properties; Zoned GC‑3C with an option to be under SmartCode T4 zoning; contact City of Leander to explore re‑development
