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    Panoramic Hill Country Land Title is generated by Realmo AI

    300 Vance Circle Road, Leander, TX 78645

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    Claim this Listing
    For Sale
    $10,000,000

    LAND - Leander, TX

    Lot size:
    299.90 Acres
    Added:
    Feb 14, 2026
    Days on Market:
    108
    Last Refresh:
    Jun 2 at 8:06 pm

    Property Features for 300 Vance Circle Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    182153
    Lot size
    299.90 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 12-14 & 18-19 PANORAMIC HILLS & ABS 2669
    Tax Annual Amount
    118769

    Utilities

    Sewer type
    Private Sewer
    Water source
    Public

    We can help!

    Listing Contact
    David Cavalier

    Listing agent David Cavalier License #0471274

    Listing office Elite Premier Properties Dallas, TX

    Listing date Feb 14, 2026

    MLS# 21180271 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • One acre+ lots with amazing panoramic Hill Country views.
    • Convenient location: 30 minutes to downtown Austin and minutes to Lake Travis.
    • Planned 5‑acre amenity center with creek access, fishing dock, doggie park, and play area.
    • Retail shopping amenity at the community entrance (coffee shop, restaurant, convenience store, professional services).
    • Leander ISD schools.
    • Adjacent to Balcones Wildlife and Bird Sanctuary.

    Overview

    This property, located in the Austin Hill Country, offers panoramic views and towering oak trees. Situated at the intersection of FM 1431 & Vance Circle Road, it is approximately 30 minutes northwest of downtown Austin and minutes from Lake Travis. The location provides access to Leander ISD schools and convenient access to downtown Austin. Adjacent to Balcones Wildlife and Bird Sanctuary, this land is part of a community in Jonestown, Texas. The property has received conceptual site plan approval for phase 1, which includes 64 one-acre-plus lots on 97 acres. Many of these lots will feature Hill Country and panoramic views. The community plans include a retail shopping amenity at the entrance, featuring a coffee shop, restaurant, convenience store, and other professional services. A planned 5-acre amenity center in the center of the community will offer creek access, a fishing dock, a dog park, and a play area. The property is approximately 19 miles from the new Parmer Lane Apple Campus and minutes from the future Leander Springs retail restaurant area and Volente Beach & Lake Travis. The property is located in Leander, TX, with a total lot size of approximately 299.9 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Spa & Massage Center Big Box & Wholesale Store HVAC Service Storage Facility Discount Store Electrical Service Daycare Center Nursing Home Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Leander
    County
    Travis
    State
    Texas
    Longitude
    -97.944256
    Latitude
    30.489236

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    FAQs

    What type of property is this?
    Land - Land with panoramic views near Austin and Lake Travis.
    Where is this land located?
    The property is located at 300 Vance Circle Road Leander, TX.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: One acre+ lots with **amazing panoramic Hill Country views**.; Convenient location: 30 minutes to downtown Austin and minutes to Lake Travis.; Planned 5‑acre amenity center with creek access, fishing dock, doggie park, and play area.
    (512) 656-5787
    We can help!
    Listing Contact
    David Cavalier
    Real Estate License ID: 0471274
    Learn More
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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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