Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Growing Leander Title is generated by Realmo AI

    1972 US 183, Leander, TX

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space with high visibility in rapidly growing Leander, TX.

    Type:RETAIL
    Property size:
    3,103 SF
    Lot size:
    2.81 Acres
    Added:
    Aug 4, 2023
    Days on Market:
    1035
    Last Refresh:
    May 20 at 9:46 pm

    Property Features for 1972 US 183

    General Information

    Standard status
    Active
    Size
    3,103 SF
    Lot size
    2.81 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1972 US 183 Contact us

    We can help!

    Listing Contact
    Michael Noteboom
    Michael Noteboom

    Listing agent Michael Noteboom License #637336

    Listing office RESOLUT RE - Austin

    Listing date Aug 4, 2023

    Source Moodyscre

    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 RESOLUT RE - Austin

    HighLights

    • High visibility from Highway 183
    • Located in Leander, one of the fastest‑growing cities in both Texas and the country
    • 4,100 homes within a 3‑mile radius
    • Situated on the desirable morning side of the road
    • Highway 183A expansion expected to be completed by early 2025
    • Leander is the 4th fastest‑growing city in the country

    Overview

    This retail space is located in Leander, Texas, the 3rd fastest-growing city in Texas and the 4th fastest in the country. The property benefits from high visibility on US 183 and is situated on the morning side of the road. Approximately 4,100 homes are located within a 3-mile radius. The property offers 3,103 square feet of retail space. Expansion of 183A is expected to be completed by the beginning of 2025.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Leander
    County
    Travis
    State
    Texas
    Longitude
    -97.8531
    Latitude
    30.5788

    Nearby Similar for Lease

    • $2,005/Mo

      Leander Flex Space For Lease

      Office/warehouse flex space in a quiet Leander industrial park.
      2918 County Road 175 300, Leander, TX 78641
      View Details
    • $2.00 SF/Yr
      5,000 SF

      Leander Flex Space with AC

      5,000 SF flex space with office and air-conditioned warehouse.
      706 Leander Dr Building 6, Leander, TX 78641
      View Details
    • $3,300/Mo
      2,000 SF

      Leander Warehouse with Office Space

      Modern warehouse with office space available for lease.
      5b-7696 183a Toll Road, Leander, TX 78641
      View Details
    • $1,900/Mo

      Move-In Ready Commercial Condo

      Turn-key commercial space in a fast-growing Texas market.
      10824 E Crystal Falls Pkwy 504, Leander, TX 78641
      View Details
    • $21 SF/Yr
      1,778 SF

      Leander Retail/Office Space Available

      Retail and office spaces available for lease in Leander, TX.
      3835 County Road 175 Rd 520, Leander, TX 78641
      View Details
    • $3,400/Mo

      Office/Warehouse Space with Fenced Yard

      Lease office/warehouse with fenced yard; additional yard space available.
      2550 County Road 279 Rd E&F, Leander, TX 78641
      View Details
    • $14 SF/Yr
      7,150 SF

      Leander Flex Space Available

      7150 Sqft flex space for rent in Leander, TX.
      190 N Bagdad Rd, Leander, TX 78641
      View Details
    • $1,895/Mo

      Prime Leander Office Space

      Office space in prime location, available May 1, 2026.
      660 S Bagdad Rd 120, Leander, TX 78641
      View Details
    • $26 SF/Yr
      913 SF

      New Office Suites Available Now

      Brand new office suites available for lease in Leander, TX.
      3835 Co Rd 175, Leander, TX
      View Details
    • $1,900/Mo

      Office Space Available For Rent

      Office space available for lease, single rooms possible.
      10824 E Crystal Falls Pkwy 503, Leander, TX 78641
      View Details
    • $2,200/Mo

      Leander Office Suite For Rent

      Office suite near Leander High School with private offices.
      2501 S Bagdad Rd Unit B, Leander, TX 78641
      View Details
    • $3,150/Mo

      Office/Medical Space For Lease

      Office/Medical/Professional condo space for lease with high visibility.
      12260-15281 Ronald W Reagan Blvd, Leander, TX
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility in rapidly growing Leander, TX.
    Where is this retail space located?
    The property is located at 1972 US 183 Leander, TX.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: High visibility from Highway 183; Located in Leander, one of the fastest‑growing cities in both Texas and the country; 4,100 homes within a 3‑mile radius
    (512) 617-0380 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Noteboom
    Michael Noteboom
    Real Estate License ID: 637336
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1972 US 183, Leander, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!