Stabilized Retail Center in
18817 N Heatherwilde Blvd Pflugerville, TX 78660
18817 N Heatherwilde Blvd, Pflugerville, TX, 78660
$7,000,000
For Sale
$7,000,000
Fully leased retail center with long-term tenants and annual rent increases.
Property Size14,455 SF
Lot Size2.15 Acres
Price / SF$484.26
Days on Market110
Property Features for 18817 N Heatherwilde Blvd
General Information
- Standard status
- Active
- Size
- 14,455 SF
- Lot size
- 2.15 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2020
Listing agency
Marcus & Millichap - Austin
(512) 338-7821
Listed by
Coleman Solomon · License #License(s): TX: 742798
(512) 338-7821
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 3:55PM Checked: Jul 21 at 3:03AM
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 Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
Heatherwilde Center is a fully stabilized, 14,455-square-foot retail center constructed in 2020, located in Pflugerville, Texas. The modern, multi-tenant layout is positioned on a 2.146-acre lot with ample parking. The property is currently 100 percent leased to three tenants: Swish Dental, CenTex Injury & Workers' Comp, and Mocha House. Eighty-four percent of the space is occupied by medical tenants, benefiting from stable, long term triple-net leases that include annual rent increases. Mocha House executed a new seven-year lease for the end cap suite, which features a drive-through window. The retail property is strategically positioned along Heatherwilde Boulevard in Pflugerville, benefiting from regional traffic and area growth. The site is within a residential corridor with traffic counts on Heatherwilde Boulevard and TX-45 Toll, providing visibility and consumer exposure. Mixed-use and residential developments such as the 420-acre Lakeside Meadows project and 130 Crossing office/industrial development are advancing south of Highway 130. Pflugerville attracts new households with population increases and a school district serving over 25,000 students, enhancing local demand for retail and services. Nearby retail anchors this node, with upside tied to market momentum and limited competing Class A retail in the area. The location benefits from foot traffic from adjacent schools such as Highland Park Elementary and Endeavor Montessori.
Key Highlights
- 100% leased retail center with stable, long‑term triple‑net leases, 84% occupied by medical tenants.
- Newer 2020 construction with a modern, multi‑tenant layout and ample parking.
- Located on high‑growth Heatherwilde Boulevard in Pflugerville, a rapidly expanding suburban market.
Local Financial Insights For Retail
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 | $376.4k | $26.04 |
| − Vacancy | −$12.8k | −$0.89 |
| EGI | $363.6k | $25.15 |
| − OpEx | −$109.1k | −$7.55 |
| NOI | $254.5k | $17.61 |
14,455 SF · lease $26.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.64M
$3.18M – $4.24M
NOI $254,527 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.04M
$5.29M – $7.05M
NOI $422,979 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Crux Climbing Center ...
Gym & Fitness Center
Kyriakos Tsalamandris, MD
Physician
Texas Low-T MD: ...
Medical Clinic
Swish Dental Pflugerville
Dental Office
Kelly Shaw
Pediatrician
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Fully leased retail center with long-term tenants and annual rent increases.
Where is this shopping center located?
The property is located at 18817 N Heatherwilde Blvd Pflugerville, TX.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 100% leased retail center with stable, long‑term triple‑net leases, 84% occupied by medical tenants.; Newer 2020 construction with a modern, multi‑tenant layout and ample parking.; Located on high‑growth Heatherwilde Boulevard in Pflugerville, a rapidly expanding suburban market.
