Retail Building with Highway
For Sale
$770,000
301 S Highway 183, Leander, TX 78641
Retail-zoned property with offices, reception space, kitchen, and parking at the front and rear.
Property Size1,299 SF
Price / SF$592.76
Days on Market48
Property Features for 301 S Highway 183
General Information
Standard status
Active
Size
1,299 SF
Additional Details
Highway Access
Yes
Amenities
private offices
reception area
kitchen
Building Details
Year Built
1956
Buildings
1
Listing Agency:
Key Realty & Associates, LLC
Listed By:
Andre Key
(512) 815-3539
Source:
Cityviewtx
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 1:15PM
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 Key Realty & Associates, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property includes a functional interior with two private offices, a reception area, and a spacious kitchen. The building was constructed in 1956 and is designated for retail use, supporting a range of commercial applications. Parking includes shared spaces along the front and additional private spaces at the rear.
Positioned along Highway 183 at 301 S Highway 183 in Leander, the property offers highway frontage and exposure to daily traffic. Its configuration combines customer-facing space with enclosed offices and support areas, providing a practical setup for retail or service-oriented operations.
Positioned along Highway 183 at 301 S Highway 183 in Leander, the property offers highway frontage and exposure to daily traffic. Its configuration combines customer-facing space with enclosed offices and support areas, providing a practical setup for retail or service-oriented operations.
Key Highlights
- Retail zoning supports commercial storefront use
- Two private offices plus reception area
- Spacious kitchen included in the layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,873
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,460
$457.5K
Cap Rate 7%
$326,757
$326.8K
Cap Rate 9%
$254,144
$254.1K
Market Conditions
NOI Build-Up for 1,299 SF
Gross rent
$33.8K $26.04/SF
− Vacancy
−$1.2K −$0.89/SF
EGI
$32.7K $25.15/SF
− OpEx
−$9.8K −$7.55/SF
NOI
$22.9K $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%
$457,460
Cap Rate 7%
$326,757
Cap Rate 9%
$254,144
Alternative Uses
Best Use
Retail
$326.8K
$285.9K – $381.2K
NOI $22,873 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.0K
$475.1K – $633.5K
NOI $38,011 @ 7.0% cap · market cap 4.94%
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Home Improvements & Furnishings 7%
Shell
Shops & Services
7,845 visits/mo
0.5 miles
Exxon
Shops & Services
6,952 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,456 visits/mo
0.2 miles
7-Eleven
Shops & Services
2,899 visits/mo
0.5 miles
PNC Bank
Shops & Services
2,098 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail-zoned property with offices, reception space, kitchen, and parking at the front and rear.
Where is this retail space located?
The property is located at 301 S Highway 183 Leander, TX.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Retail zoning supports commercial storefront use; Two private offices plus reception area; Spacious kitchen included in the layout
