Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land in ETJ Title is generated by Realmo AI

    21404 Martin Ln, Pflugerville, TX 78660

    View on Map
    Claim this Listing
    For Lease
    $5,500 /Mo

    Versatile property in rapidly developing area with unrestricted use.

    Type:Commercial
    Added:
    Apr 12, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 12 at 5:43 am

    Property Features for 21404 Martin Ln

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1983

    We can help!

    Listing Contact
    Sam Sheikh

    Listing agent Sam Sheikh License #0656784

    Listing office SpecTower Realty Group

    Listing date Apr 12, 2026

    Source Elliman

    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 SpecTower Realty Group

    HighLights

    • Unrestricted use in ETJ (Endless possibilities for business needs)
    • Ideal for office conversion, storage, parking, or building flex space/metal buildings
    • Suitable for industrial, commercial, or contractor‑related activities
    • Located in a rapidly developing area
    • Convenient access to major highways
    • Built in 1983

    Overview

    This property presents a unique leasing opportunity in the ETJ, offering unrestricted use suitable for various business needs. It is located in a rapidly developing area with convenient access to major highways. The property is suitable for an office conversion, land for storage, parking for vehicles or heavy equipment, or for constructing additional flex space or metal buildings. It offers flexibility for expanding operations, starting a new venture, or accommodating industrial, commercial, or contractor-related activities. The location has a walk score of 5, indicating it is car-dependent, and a bike score of 26, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Pflugerville
    County
    Travis
    State
    Texas
    Longitude
    -97.5566779
    Latitude
    30.4896697

    Nearby Similar for Lease

    • $650/Mo

      Small Office Space Available

      Sublease office space suitable for various professional services.
      15901 Central Commerce Dr 301, Pflugerville, TX 78660
      View Details
    • $28 SF/Yr
      66,905 SF

      Retail Space in High Visibility Center

      Second generation retail space in a high-traffic Pflugerville center.
      15424 FM 1825, Pflugerville, TX 78660
      View Details
    • $4,000/Mo

      Pflugerville Professional Office Space

      High-end office space available for immediate move-in.
      1705 Rowe Ln A, Pflugerville, TX 78660
      View Details
    • $4,270/Mo

      Retail or Office Space Available

      Retail or office space for lease in Pflugerville, Texas.
      616 Fm-685, Pflugerville, TX 78660
      View Details
    • $15 SF/Yr
      14,520 SF

      Pflugerville Office Warehouse with Yard

      Office warehouse with yard space available for lease in Pflugerville.
      2711 Kelly Lane, Pflugerville, TX 78660
      View Details
    • $2,661/Mo
      896 SF

      Pflugerville Office Space For Rent

      Office space in Pflugerville, convenient location near TX-130.
      701 FM 685, Pflugerville, TX
      View Details
    • $15 SF/Yr
      14,520 SF

      Pflugerville Warehouse with Yard Space

      Warehouse space with convenient access and a large yard.
      2711-2715 Kelly Ln, Pflugerville, TX 78660
      View Details
    • $2.00 SF/Yr

      Prime Land Lease Opportunity

      High-visibility 1.07-acre land lease opportunity in Pflugerville.
      0000 Wells Branch Pkwy, Pflugerville, TX 78660
      View Details
    • $12 SF/Yr
      837 SF

      Retail/Office/Medical Building For Rent

      14,734 SF building with 24-hour access and ample parking.
      2401 W Pecan St, Pflugerville, TX
      View Details
    • Contact for pricing
      900 SF

      Pflugerville Retail Space Available

      900 sqft retail space for rent in Pflugerville, TX.
      1700 GRAND AVENUE PKWY, Pflugerville, TX 78660
      View Details
    • Contact for pricing
      1,650 SF

      Pflugerville Retail Space Available

      Retail space available for lease in Pflugerville, Texas.
      1501 Pecan St, Pflugerville, TX 78660
      View Details
    • Contact for pricing

      Retail Space on FM 685

      Retail space available on FM 685 in Pflugerville, Texas.
      616 Fm-685, Pflugerville, TX 78660
      View Details

    FAQs

    What type of property is this?
    Commercial land - Versatile property in rapidly developing area with unrestricted use.
    Where is this commercial land located?
    The property is located at 21404 Martin Ln Pflugerville, TX.
    What is the lease rate?
    The lease rate is $5,500 /Mo.
    What are key features of this property?
    This property features: Unrestricted use in ETJ (Endless possibilities for business needs); Ideal for office conversion, storage, parking, or building flex space/metal buildings; Suitable for industrial, commercial, or contractor‑related activities
    (512) 285-7146
    We can help!
    Listing Contact
    Sam Sheikh
    Real Estate License ID: 0656784
    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
    21404 Martin Ln, Pflugerville, TX 78660
    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!