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For sale
Office Units
TX
Leander
78641
15141 Ronald Reagan Blvd Unit 511

Leander Office Space For Sale

15141 Ronald Reagan Blvd Unit 511, Leander, TX 78641

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For Sale

$299,999

Shell condition office space near Apple Campus in Leander, TX.

Type:Office

Property size:

1,052 SF

Price / SF:

$285/SF

HighLights

Prime office space in shell condition, approximately 1,052 sqft.
Located just 8 miles north of the Apple Campus in Leander, TX.
High‑visibility location on Ronald Reagan Blvd with over 20,000 vehicles passing daily.
Part of Ronald Reagan Crossing, a modern mixed‑use development.
Located in a high‑density residential area with over 2,500 homes within 1.5 miles.
Expansion plans for Ronald Reagan Blvd to six lanes.

We can help!

Listing Contact

Nagajyothi Mailavaram

Learn more

For Sale

$299,999

Shell condition office space near Apple Campus in Leander, TX.

Type:Office

Property size:

1,052 SF

Price / SF:

$285/SF

Added:: Dec 10, 2023
Days on Market:: 913
Last Refresh:: May 13 at 8:44 pm

Property Features for 15141 Ronald Reagan Blvd Unit 511

General Information

Standard status: Active
Size: 1,052 SF
Property subtype: Office

Building Details

Year Built: 2023

We can help!

Listing Contact

Nagajyothi Mailavaram

Listing agent Nagajyothi Mailavaram

Listing office REKonnection, LLC

Listing date Dec 10, 2023

Source Xome

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 REKonnection, LLC

HighLights

Prime office space in shell condition, approximately 1,052 sqft.
Located just 8 miles north of the Apple Campus in Leander, TX.
High‑visibility location on Ronald Reagan Blvd with over 20,000 vehicles passing daily.
Part of Ronald Reagan Crossing, a modern mixed‑use development.
Located in a high‑density residential area with over 2,500 homes within 1.5 miles.
Expansion plans for Ronald Reagan Blvd to six lanes.

Overview

Available for sale is an office space in shell condition, encompassing approximately 1,052 square feet. The property is situated 8 miles north of the Apple Campus in Leander, Texas, offering a highly visible location suitable for various service-based businesses, including insurance agencies, real estate offices, law firms, title companies, start-ups, small medical practices, tax consultants, and IT agencies. Located on Ronald Reagan Boulevard, the site benefits from high traffic, with over 20,000 vehicles passing daily. It is part of the Ronald Reagan Crossing development, a modern, mixed-use project featuring 37,000 square feet of medical and professional office space, 45,000 square feet of retail space, 6,000 square feet of drive-through businesses, and a 10,000 square foot daycare facility. The property is located in a high-density residential area with over 2,500 homes within 1.5 miles, positioned at a signalized hard corner with strong AM traffic flow. The city has plans to expand Ronald Reagan Boulevard to six lanes, which will further enhance accessibility. Interior construction is already underway in the contemporary buildings within the development. NNN is $13 per square foot.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$44.2k	$42.00
− Vacancy	−$10.7k	−$10.21
EGI	$33.4k	$31.79
− OpEx	−$8.4k	−$7.95
NOI	$25.1k	$23.85

1,052 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$358.4K

$313.6K – $418.1K (±1% cap)

NOI $25,085 @ 7.0% cap · market cap 8.36%

Second Best

—

no second resolved use

Theoretical Best

Office A

$439.8K

$384.8K – $513.1K (±1% cap)

NOI $30,783 @ 7.0% cap · market cap 10.26%

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

Location Intelligence

Current Use by Public Records

Office Units

Map

City: Leander
County: Travis
State: Texas
Longitude: -97.9247
Latitude: 30.558

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For sale
Office Units
TX
Leander
78641
15141 Ronald Reagan Blvd Unit 511

What type of property is this?

Office units - Shell condition office space near Apple Campus in Leander, TX.

Where is this office units located?

The property is located at 15141 Ronald Reagan Blvd Unit 511 Leander, TX.

What is the asking price?

The asking price for this property is $299,999.

What are key features of this property?

This property features: Prime office space in shell condition, approximately 1,052 sqft.; Located just 8 miles north of the Apple Campus in Leander, TX.; High‑visibility location on Ronald Reagan Blvd with over 20,000 vehicles passing daily.