Shell Office
511-15141 Ronald W Reagan Blvd Leander, TX 78641
511-15141 Ronald W Reagan Blvd, Leander, TX, 78641
$299,999
For Sale
$299,999
Office suite sold in shell condition at a signalized hard corner on Ronald Reagan Blvd.
Property Size1,052 SF
Price / SF$285.17
Days on Market739
Property Features for 511-15141 Ronald W Reagan Blvd
General Information
- Standard status
- Active
- Size
- 1,052 SF
Listing agency
REKonnection, LLC
(512) 293-5696
Listed by
Naga Mailavaram
(512) 293-5696
Source
Exprealty
Added: Jul 15, 2024 Updated: Jul 21 at 4:17PM Checked: Jul 22 at 8:38AM
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 REKonnection, LLC
Investment Insights
Based on property information with market context.
This office suite is offered for sale in shell condition, providing a baseline space for a tenant fit-out. The property is approximately 1,052 sqft and is part of the Ronald Reagan Crossing development, a modern mixed-use project featuring 37,000 sqft of medical and professional office space, 45,000 sqft of retail space, 6,000 sqft of drive-through businesses, and a 10,000 sqft daycare facility. Sample interior pictures are available.
The site is located on Ronald Reagan Blvd about 8 miles north of the Apple Campus in Leander, TX. It sits on a signalized hard corner with strong AM traffic flow and is described as having over 20,000 vehicles passing daily, supporting visibility for service-oriented businesses. The surrounding area is characterized as a high-density residential area with more than 2,500 homes within 1.5 miles, and the city plans to expand Ronald Reagan Blvd to six lanes to enhance accessibility.
NNN is stated as $13 per sqft. Buyers and buyer agents are encouraged to perform due diligence.
The site is located on Ronald Reagan Blvd about 8 miles north of the Apple Campus in Leander, TX. It sits on a signalized hard corner with strong AM traffic flow and is described as having over 20,000 vehicles passing daily, supporting visibility for service-oriented businesses. The surrounding area is characterized as a high-density residential area with more than 2,500 homes within 1.5 miles, and the city plans to expand Ronald Reagan Blvd to six lanes to enhance accessibility.
NNN is stated as $13 per sqft. Buyers and buyer agents are encouraged to perform due diligence.
Key Highlights
- Approximately 1,052 SF office suite in shell condition
- Located on Ronald Reagan Blvd just 8 miles north of the Apple Campus in Leander, TX
- Signalized hard‑corner location on Ronald Reagan Blvd with over 20,000 vehicles passing daily
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.2k | $42.00 |
| − Vacancy | −$10.7k | −$10.21 |
| EGI | $33.4k | $31.79 |
| − OpEx | −$8.4k | −$7.95 |
| NOI | $25.1k | $23.85 |
1,052 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$358.4K
$313.6K – $418.1K
NOI $25,085 @ 7.0% cap · market cap 8.36%
Second Best
Healthcare Medical
$272.7K
$238.6K – $318.1K
NOI $19,087 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$439.8K
$384.8K – $513.1K
NOI $30,783 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office suite sold in shell condition at a signalized hard corner on Ronald Reagan Blvd.
Where is this office units located?
The property is located at 511-15141 Ronald W Reagan Blvd Leander, TX.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Approximately 1,052 SF office suite in shell condition; Located on Ronald Reagan Blvd just 8 miles north of the Apple Campus in Leander, TX; Signalized hard‑corner location on Ronald Reagan Blvd with over 20,000 vehicles passing daily
