Shopping Center with Three
1890 Crystal Falls Pkwy, Leander, TX 78641
For Sale
Contact for pricing
Tenants reimburse their proportional share of property expenses under net lease structures.
Property Size25,154 SF
Price / SF$572.47
Days on Market20
Property Features for 1890 Crystal Falls Pkwy
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Franklin Street
Listed By:
Marshall Durrett · License #464407
(737) 279-9850
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 4:14PM
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 Franklin Street
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Investment Insights
Based on property information with market context.
This 25,154-square-foot retail center in Leander comprises three buildings. Its tenant roster includes Heartland Dental, Celebree School, Domino's Pizza, and TrueCore. Lease arrangements require tenants to reimburse their proportional share of property expenses, providing a defined structure for operating-cost allocation.
The property has cross-access with Crystal Falls Town Center, a 94,920-square-foot grocery center anchored by Randalls. Costco, Lowe's, Kohl's, and Petco are also minutes away.
The property has cross-access with Crystal Falls Town Center, a 94,920-square-foot grocery center anchored by Randalls. Costco, Lowe's, Kohl's, and Petco are also minutes away.
Key Highlights
- 25,154 SF of retail space across three buildings
- Tenants include Heartland Dental, Celebree School, Domino's Pizza, and TrueCore
- Tenants reimburse their pro‑rata share of property expenses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$442,918
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,858,360
$8.9M
Cap Rate 7%
$6,327,400
$6.3M
Cap Rate 9%
$4,921,311
$4.9M
Market Conditions
NOI Build-Up for 25,154 SF
Gross rent
$655.0K $26.04/SF
− Vacancy
−$22.3K −$0.89/SF
EGI
$632.7K $25.15/SF
− OpEx
−$189.8K −$7.55/SF
NOI
$442.9K $17.61/SF
Area
Williamson County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,858,360
Cap Rate 7%
$6,327,400
Cap Rate 9%
$4,921,311
Alternative Uses
Best Use
Retail
$6.33M
$5.54M – $7.38M
NOI $442,918 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.86M
$8.62M – $11.50M
NOI $689,991 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
57k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 64%
Dining 22%
Electronics 10%
Shops & Services 4%
Randalls
Groceries
36,295 visits/mo
0.2 miles
Starbucks
Dining
10,000 visits/mo
0.2 miles
T-Mobile
Electronics
4,322 visits/mo
0.2 miles
The UPS Store
Shops & Services
2,479 visits/mo
0.2 miles
DoubleDave's Pizzaworks
Dining
1,378 visits/mo
0.2 miles
Demographics for 78641, TX
83,426
Population
33,118
Households
2.5
Avg Household Size
36
Median Age
51%
College-Educated
95%
High-School Grad
124.4 sq mi
ZIP Area
671
Density / Sq Mi
$131,421
Median Household Income
$61,185
Median Earnings
$1,873
Median Rent
$453,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Crystal Falls Town Center — 3441 Lakeline Blvd, Leander, TX 78641
- OnQ Nails & Spa — 3550 Lakeline Blvd #165, Leander, TX 78641
- The Shops At Crystal Falls — 3550 Lakeline Blvd, Leander, TX 78641
Frequently Asked Questions
What type of property is this?
Shopping center - Tenants reimburse their proportional share of property expenses under net lease structures.
Where is this shopping center located?
The property is located at 1890 Crystal Falls Pkwy Leander, TX.
What is the asking price?
The asking price for this property is $14,400,000.
What are key features of this property?
This property features: 25,154 SF of retail space across three buildings; Tenants include Heartland Dental, Celebree School, Domino's Pizza, and TrueCore; Tenants reimburse their pro‑rata share of property expenses
