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    Stabilized Retail Center in Pflugerville Title is generated by Realmo AI

    18817 N Heatherwilde Blvd, Pflugerville, TX 78660

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    Claim this Listing
    For Sale
    $7,000,000

    Fully leased retail center with long-term tenants and annual rent increases.

    Type:Shopping Strip
    Property size:
    14,455 SF
    Lot size:
    2.15 Acres
    Price / SF:
    $484/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 4:59 am

    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

    We can help!

    Listing Contact
    Coleman Solomon
    Coleman Solomon

    Listing agent Coleman Solomon License #License(s): TX: 742798

    Listing office Marcus & Millichap | Dallas

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 | Dallas

    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.
    • Benefits from strong regional traffic and excellent visibility due to its location in a well‑established residential corridor.
    • Mocha House features a drive‑through window.
    • Close proximity to major mixed‑use and residential developments, driving daytime and resident spending.

    Overview

    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.
    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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pflugerville
    County
    Travis
    State
    Texas
    Longitude
    -97.61824
    Latitude
    30.478757

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    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.
    (512) 338-7821
    We can help!
    Listing Contact
    Coleman Solomon
    Coleman Solomon
    Real Estate License ID: License(s): TX: 742798
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    18817 N Heatherwilde Blvd, Pflugerville, TX 78660
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