Leander Corner Property For
For Sale
Contact for pricing
201 South Highway 183, Leander, TX 78641
Commercial and mixed-use property with highway frontage in high-growth area.
Property Size5,242 SF
Lot Size1.21 Acres
Price / SF$209.84
Days on Market209
Property Features for 201 South Highway 183
General Information
Standard status
Active
Size
5,242 SF
Lot size
1.21 Acres
Property subtype
Mixed Use
Zoning
Commercial/Residential
Investment Type
Owner/User
Listing Agency:
Watters International Realty
Listed By:
Chris Watters · License #TX 567369
(512) 646-0038
Source:
Crexi
Added: Mar 27
Changed: Oct 10
Last Checked: Oct 20 at 9:17PM
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 Watters International Realty
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Investment Insights
Based on property information with market context.
This property is located on a hard corner in the high-growth corridor of the Austin Metro area. Improvements include a 4,000-square-foot commercial building, a 1,210-square-foot house, and storage sheds. The property benefits from visibility and access, with 296 feet of frontage on US Highway 183 and 120 feet of frontage on Atkins Road, as well as alley access. Traffic counts reach 25,000 vehicles per day (TXDOT). Zoned for commercial and mixed-use, the property is located in the Old Town Leander overlay, which provides some usage requirement flexibility and extra city infrastructure improvements in the area.
Key Highlights
- High‑visibility hard corner location in Austin Metro's high‑growth corridor.
- Boasts 296 feet of frontage on US Hwy 183 and 120 feet on Atkins Road.
- Zoned for Commercial and Mixed Use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,302
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,846,040
$1.8M
Cap Rate 7%
$1,318,600
$1.3M
Cap Rate 9%
$1,025,578
$1.0M
Market Conditions
NOI Build-Up for 5,242 SF
Gross rent
$136.5K $26.04/SF
− Vacancy
−$4.6K −$0.89/SF
EGI
$131.9K $25.15/SF
− OpEx
−$39.6K −$7.55/SF
NOI
$92.3K $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%
$1,846,040
Cap Rate 7%
$1,318,600
Cap Rate 9%
$1,025,578
Alternative Uses
Best Use
Office B
$1.79M
$1.56M – $2.08M
NOI $124,998 @ 7.0% cap · market cap 11.36%
Second Best
Retail
$1.32M
$1.15M – $1.54M
NOI $92,302 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,390 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial and mixed-use property with highway frontage in high-growth area.
Where is this commercial land located?
The property is located at 201 South Highway 183 Leander, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High‑visibility hard corner location in Austin Metro's high‑growth corridor.; Boasts 296 feet of frontage on US Hwy 183 and 120 feet on Atkins Road.; Zoned for Commercial and Mixed Use.
