Mixed-Use Property with Metal
For Sale
$2,500,000
1612 Shenandoah Dr, Cedar Park, TX 78613
1.1-acre property with multiple buildings and flexible usage options.
Property Size5,000 SF
Lot Size1.10 Acres
Price / SF$500
Days on Market196
Property Features for 1612 Shenandoah Dr
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.10 Acres
Building Details
Year Built
2017
Listing Agency:
Keller Williams - Lake Travis
Listed By:
Heather Morrison · License #0590194
(512) 940-0565
Source:
Olverabolton
Added: Mar 26
Changed: Sep 23
Last Checked: Oct 6 at 12:11AM
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 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 smaller shop has 1 bay with a 12-foot door, while the larger shop has 3 bays with 12-foot overhead doors. The 5000 square foot shop offers a wide-open space, fully insulated from ceiling to floor, with a 15x40 area featuring central heat and air, an office, bathroom, breakroom, and storage. There are also two additional storage buildings on the property. 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 offers possibilities for owner occupancy with space for vehicles, business, and family, or leasing out the warehouse structures and/or home to offset holding costs. The property is in its own condo regime.
Key Highlights
- Expansive 5000 sq ft Mueller metal building featuring 3 insulated 12‑foot bay doors.
- Includes a remodeled 1530 sq ft home, ideal for residential or commercial use.
- Additional new 780 sq ft Mueller building with insulated doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,228
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,384,560
$2.4M
Cap Rate 7%
$1,703,257
$1.7M
Cap Rate 9%
$1,324,756
$1.3M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$210.0K $42.00/SF
− Vacancy
−$51.0K −$10.21/SF
EGI
$159.0K $31.79/SF
− OpEx
−$39.7K −$7.95/SF
NOI
$119.2K $23.85/SF
Area
Williamson County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,384,560
Cap Rate 7%
$1,703,257
Cap Rate 9%
$1,324,756
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.99M
NOI $119,228 @ 7.0% cap · market cap 4.77%
Second Best
Mixed Use
$964.3K
$843.8K – $1.13M
NOI $67,500 @ 7.0% cap · market cap 2.70%
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
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Current Use
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 1.1-acre property with multiple buildings and flexible usage options.
Where is this mixed-use property 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: Expansive 5000 sq ft Mueller metal building featuring 3 insulated 12‑foot bay doors.; Includes a remodeled 1530 sq ft home, ideal for residential or commercial use.; Additional new 780 sq ft Mueller building with insulated doors.
