Warehouse Condominium with
For Sale
Contact for pricing
1304 Leander Drive #130, Leander, TX 78641
Office and entry areas have central air, with workshop and warehouse space beneath high ceilings.
Property Size5,000 SF
Lot Size2.39 Acres
Price / SF$0.48
Days on Market67
Property Features for 1304 Leander Drive #130
General Information
Standard status
Active
Size
5,000 SF
Lot size
2.39 Acres
Property subtype
Warehouse
Additional Details
Clear Height
15 ft
Property Use
Warehouse
Building Details
Year Built
2025
Listing Agency:
Prem D Nasta, Broker
(512) 577-9400
Listed By:
Amit Shanghvi
(512) 915-9798
Source:
Hoydenhomes
Added: Aug 27
Changed: Nov 1
Last Checked: Oct 31 at 11:07PM
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 Prem D Nasta, Broker
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse condominium offers a 5,000-square-foot interior with sealed concrete floors, office and entry areas, a hallway, utility rooms, and a restroom. The workshop and warehouse areas have beamed ceilings, including 15-foot ceilings at the front. Central air, recessed lighting, and smoke detectors serve the office and entry spaces. The metal-sided building has a private entrance and a concrete parking pad, and was built in 2025.
The property occupies a 2.39-acre lot at 1304 Leander Drive in Leander, Texas.
The property occupies a 2.39-acre lot at 1304 Leander Drive in Leander, Texas.
Key Highlights
- 5,000‑square‑foot warehouse condominium
- 2.39‑acre lot
- 15‑foot ceiling height at the front of the workshop and warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,339
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,780
$1.0M
Cap Rate 7%
$719,129
$719.1K
Cap Rate 9%
$559,322
$559.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$74.4K $14.88/SF
− Vacancy
−$15.2K −$3.04/SF
EGI
$59.2K $11.84/SF
− OpEx
−$8.9K −$1.78/SF
NOI
$50.3K $10.07/SF
Area
Williamson County, TX
Vacancy
20.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,780
Cap Rate 7%
$719,129
Cap Rate 9%
$559,322
Alternative Uses
Best Use
Warehouse
$719.1K
$629.2K – $839.0K
NOI $50,339 @ 7.0% cap · market cap 2,097.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,309 @ 7.0% cap · market cap 6,096.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
15 ft
Clear height
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Well-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
Similar Off Market Nearby
- 183 Storage — 1905 S Hwy 183, Leander, TX 78641
- Extra Space Storage — 10201 E Crystal Falls Pkwy, Leander, TX 78641
- College Hunks Moving Leander — 1000 S W Dr, Leander, TX 78641
- Public Storage — 140 East Sonny Drive, Leander, TX 78641
- New Mini Storage — 401 Horseshoe Dr, Leander, TX 78641
Frequently Asked Questions
What type of property is this?
Warehouse - Office and entry areas have central air, with workshop and warehouse space beneath high ceilings.
Where is this warehouse located?
The property is located at 1304 Leander Drive #130 Leander, TX.
What are key features of this property?
This property features: 5,000‑square‑foot warehouse condominium; 2.39‑acre lot; 15‑foot ceiling height at the front of the workshop and warehouse space
