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701 Crystal Falls Parkway #150, Leander, TX 78641

Reception, kitchenette, and an ADA-compliant restroom complete the office layout.

Property Size871 SF
Price / SF$2.76
Days on Market49

Property Features for 701 Crystal Falls Parkway #150

General Information

Standard status Active
Size 871 SF
Property subtype Office

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Condition Turnkey
Property Use Office

Building Details

Year Built 2026
Listing Agency: Central Metro Realty
Listed By: Siva Nandyala
Source: Hoydenhomes
Added: Sep 12 Changed: Oct 28 Last Checked: Oct 28 at 2:56PM

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 Central Metro Realty

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Office units at 701 Crystal Falls Parkway include a reception area, 4 private offices, a kitchenette, and an ADA-compliant restroom. The 871-square-foot property was built in 2026 and features a stone exterior, luxury vinyl tile flooring, and LED lighting. Units 140 and 150 are available.

The property offers immediate access to US-183. Medical offices, major retail, high schools, residential neighborhoods, and Leander Metro are nearby.

Key Highlights

  • 871 square feet; built in 2026
  • Reception area, 4 private offices, kitchenette, and ADA‑compliant restroom
  • Stone exterior, luxury vinyl tile flooring, and LED lighting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$20,769
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,380 $415.4K
Cap Rate 7%
$296,700 $296.7K
Cap Rate 9%
$230,767 $230.8K
Market Conditions
NOI Build-Up for 871 SF
Gross rent
$36.6K $42.00/SF
− Vacancy
−$8.9K −$10.21/SF
EGI
$27.7K $31.79/SF
− OpEx
−$6.9K −$7.95/SF
NOI
$20.8K $23.85/SF
Area
Williamson County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,380
Cap Rate 7%
$296,700
Cap Rate 9%
$230,767

Alternative Uses

Best Use
Office B
$296.7K
$259.6K – $346.2K (±1% cap)
NOI $20,769 @ 7.0% cap · market cap 865.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.1K
$318.6K – $424.8K (±1% cap)
NOI $25,487 @ 7.0% cap · market cap 1,061.96%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Furniture & Home Goods (Bike/Boat/Book/etc) Store Food Market Barber Shop Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

488
Businesses Nearby

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Reception, kitchenette, and an ADA-compliant restroom complete the office layout.
Where is this office unit located?
The property is located at 701 Crystal Falls Parkway #150 Leander, TX.
What are key features of this property?
This property features: 871 square feet; built in 2026; Reception area, 4 private offices, kitchenette, and ADA‑compliant restroom; Stone exterior, luxury vinyl tile flooring, and LED lighting
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Includes: Price & PSF · Cap rate · Location · Zoning

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