Flex Space with Multiple Metal
For Sale
$2,500,000
1612 Shenandoah DR, Cedar Park, TX 78613
1.1-acre flex property featuring a 5,000 SF insulated metal shop plus an additional 780 SF building.
Property Size5,000 SF
Lot Size1.10 Acres
Days on Market692
Property Features for 1612 Shenandoah DR
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.10 Acres
Property subtype
Warehouse
Building Details
Building Size
5,000 SF
Year Built
2017
Buildings
5
Listing Agency:
Keller Williams - Lake Travis
(512) 940-0565
Listed By:
Heather Morrison · License #0590194
Source:
Teamwestre
Added: Sep 11, 2024
Changed: Jul 30
Last Checked: Aug 3 at 10:51AM
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.
This flex space property includes a 1.1-acre site with a 5,000 square foot Mueller engineered and blueprinted metal building plus an additional 780 square foot Mueller metal building. The buildings are fully insulated and set up with multiple bays, including a small shop with a 12-foot door. The 5,000 square foot shop offers a wide-open layout with three overhead insulated 12-foot bay doors, fully insulated from ceiling to floor. It also includes office space, a bathroom, breakroom, and storage, along with a 15x40 area with central heat and air.
A completely remodeled 1,530 square foot home is also on site and can be used as a residence, or as an office or showroom for the shop. Two additional storage buildings and an added slab out back provide room for further buildings or storage. The property is under its own condo regime.
Located just blocks off Lakeline Boulevard, the property is minutes from Lakeline Mall and many area amenities, parks, and all-level schools. Year built: 2017.
A completely remodeled 1,530 square foot home is also on site and can be used as a residence, or as an office or showroom for the shop. Two additional storage buildings and an added slab out back provide room for further buildings or storage. The property is under its own condo regime.
Located just blocks off Lakeline Boulevard, the property is minutes from Lakeline Mall and many area amenities, parks, and all-level schools. Year built: 2017.
Key Highlights
- 1.1‑acre flex property with a 5,000 SF Mueller engineered metal building and a 780 SF Mueller building
- Five,000 SF wide‑open shop with three overhead insulated 12‑foot bay doors, fully insulated ceiling to floor
- Remodeled 1,530 SF home usable as office or showroom for the shop
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 | $210.0k | $42.00 |
| − Vacancy | −$51.0k | −$10.21 |
| EGI | $159.0k | $31.79 |
| − OpEx | −$39.7k | −$7.95 |
| NOI | $119.2k | $23.85 |
5,000 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.99M
NOI $119,228 @ 7.0% cap · market cap 4.77%
Second Best
Warehouse
$719.1K
$629.2K – $839.0K
NOI $50,339 @ 7.0% cap · market cap 2.01%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,309 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78613, TX
89,279
Population
34,198
Households
2.6
Avg Household Size
36
Median Age
55%
College-Educated
97%
High-School Grad
27.7 sq mi
ZIP Area
3,223
Density / Sq Mi
$120,829
Median Household Income
$61,782
Median Earnings
$1,733
Median Rent
$461,900
Median Home Value
Market
Properties on Market for Flex space in Williamson County
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 1.1-acre flex property featuring a 5,000 SF insulated metal shop plus an additional 780 SF building.
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 $2,500,000.
What are key features of this property?
This property features: 1.1‑acre flex property with a 5,000 SF Mueller engineered metal building and a 780 SF Mueller building; Five,000 SF wide‑open shop with three overhead insulated 12‑foot bay doors, fully insulated ceiling to floor; Remodeled 1,530 SF home usable as office or showroom for the shop
