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    Mixed-Use Property with Metal Building Title is generated by Realmo AI

    1612 Shenandoah Dr, Cedar Park, TX 78613

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    1.1-acre property with multiple buildings and flexible usage options.

    Type:Industrial, Mixed Use
    Property size:
    5,000 SF
    Lot size:
    1.10 Acres
    Price / SF:
    $450/SF
    Added:
    Sep 9, 2024
    Days on Market:
    667
    Last Refresh:
    Jun 24 at 1:16 pm

    Property Features for 1612 Shenandoah Dr

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    1.10 Acres
    Property subtype
    Industrial, Mixed Use

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    Heather Morrison

    Listing office KW Commercial

    Listing date Sep 9, 2024

    Source Crexi

    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 KW Commercial

    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.
    • 1.1‑acre property with extra slab ready for expansion or storage.
    • Excellent location near Lakeline Boulevard, Lakeline Mall, parks, schools, and other amenities.
    • Flexible property for owner‑occupancy with business potential or leasing opportunities.

    Overview

    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.

    Local 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 (±1% cap)
    NOI $119,228 @ 7.0% cap · market cap 5.30%
    Second Best
    Mixed Use
    $964.3K
    $843.8K – $1.13M (±1% cap)
    NOI $67,500 @ 7.0% cap · market cap 3.00%
    Theoretical Best
    Office A
    $2.09M
    $1.83M – $2.44M (±1% cap)
    NOI $146,309 @ 7.0% cap · market cap 6.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Legendary Concrete Cedar ... Construction Company Round 2 Offroad Auto Parts Store Muscle Cars of Austin Auto Repair Shop Joseph & Sons A/C ... Hardware & Home Improvement Mercado Cedar Park Law Firm

    Suggested Use

    Law Firm Building Supply Dental Office Auto Parts Store Accounting Firm Hotel & Motel Parking Lot & Garage Garden Center Kitchen & Bath Showroom Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Park
    County
    Williamson
    State
    Texas
    Longitude
    -97.8206249
    Latitude
    30.4743249

    FAQs

    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 $2,250,000.
    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.
    (512) 940-0565 Call to check price and availability
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