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Pflugerville Retail/Office Investment Opportunity

1620 Grand Ave Pkwy Pflugerville, TX 78660

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Multi-tenant retail/office center with redevelopment potential on 2 acres.

Type:Retail, Office
Property size:
13,942 SF
Lot size:
2.00 Acres
Price / SF:
$358.63/SF
Added:
May 22, 2026
Days on Market:
54
Last Refresh:
May 27 at 8:16 am

Property Features for 1620 Grand Ave Pkwy

General Information

Standard status
Active
Size
13,942 SF
Lot size
2.00 Acres
Property subtype
Retail, Office

Building Details

Year Built
2009

Listing office McAllister & Associates

Listing date May 22, 2026

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 McAllister & Associates


Investment Insights

Based on property information with market context.

Grand Avenue Plaza is a multi-tenant retail and office center situated on a prominent corner in Pflugerville, within a major commercial corridor. The location benefits from a 4-way stoplight with dual lanes in each direction, along with dedicated turn lanes. The property features signage, access, and visibility along Grand Avenue Parkway and Central Commerce Drive. Tenants have a history of long-term occupancy and sound credit. There is potential for increased yield through full property leasing. The property, encompassing 2.0 acres, may also present redevelopment opportunities. The property size is 13942 square feet.

Key Highlights

  • Prime location on a high‑traffic corner in a major commercial corridor.
  • Excellent signage, access, and visibility on Grand Avenue Parkway and Central Commerce Drive.
  • Long‑term tenants with sound credit.

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 $585.6k $42.00
− Vacancy −$142.3k −$10.21
EGI $443.3k $31.79
− OpEx −$110.8k −$7.95
NOI $332.5k $23.85
13,942 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use
Office B
$4.75M
$4.16M – $5.54M (±1% cap)
NOI $332,454 @ 7.0% cap · market cap 6.65%
Second Best
Retail
$3.51M
$3.07M – $4.09M (±1% cap)
NOI $245,494 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$5.83M
$5.10M – $6.80M (±1% cap)
NOI $407,967 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Beckwith Electronic Engrng ... Security Service Cadence Bank Bank Edward Ortiz Physician Dean Mitchell Insurance ... Insurance Agency

Suggested Use

Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Real Estate Agency Pharmacy Veterinary Clinic Locksmith (Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store

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

Similar Off Market Nearby

  • Three Points Plaza — 2700 W Pecan St, Pflugerville, TX 78660
  • Windermere Centre — 15803 Windermere Dr, Pflugerville, TX 78660

FAQs

What type of property is this?
Shopping center - Multi-tenant retail/office center with redevelopment potential on 2 acres.
Where is this shopping center located?
The property is located at 1620 Grand Ave Pkwy Pflugerville, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime location on a high‑traffic corner in a major commercial corridor.; Excellent signage, access, and visibility on Grand Avenue Parkway and Central Commerce Drive.; Long‑term tenants with sound credit.
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