Eight-Building Flex Space
For Sale
$8,500,000
Pending
706 Leander DR, Leander, TX 78641
Unified business park combining professional office-flex buildings with warehouse structures and roll-up door access.
Property Size42,000 SF
Lot Size3.20 Acres
Days on Market320
Property Features for 706 Leander DR
General Information
Standard status
Pending
Size
42,000 SF
Lot size
3.20 Acres
Property subtype
Mixed Use
Additional Details
Asking Price
$10,000,000
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$138,504
Building Details
Building Size
42,000 SF
Year Built
2018
Buildings
8
Listing Agency:
CENTURY 21 Integra
Listed By:
Julie Mattoon
(800) 844-7653
Source:
Localcolorrealestateaustin
Added: Dec 3, 2025
Changed: Oct 13
Last Checked: Oct 16 at 3:11PM
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 CENTURY 21 Integra
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Investment Insights
Based on property information with market context.
Built in 2018, this flex-space campus comprises eight standalone commercial buildings across approximately 3.2 acres. Six structures provide professional office-flex configurations with modern glass storefronts, while two warehouse buildings offer high-clearance space and roll-up door access. The mix supports office, service, trade, distribution, and light-fabrication operations within one coordinated property.
Key Highlights
- Eight standalone buildings across approximately 3.2 acres
- Six professional office‑flex buildings with modern glass storefronts
- Two warehouse buildings with high‑clearance space and roll‑up door access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$422,848
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,456,960
$8.5M
Cap Rate 7%
$6,040,686
$6.0M
Cap Rate 9%
$4,698,311
$4.7M
Market Conditions
NOI Build-Up for 42,000 SF
Gross rent
$625.0K $14.88/SF
− Vacancy
−$127.5K −$3.04/SF
EGI
$497.5K $11.84/SF
− OpEx
−$74.6K −$1.78/SF
NOI
$422.8K $10.07/SF
Area
Williamson County, TX
Vacancy
20.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,456,960
Cap Rate 7%
$6,040,686
Cap Rate 9%
$4,698,311
Alternative Uses
Best Use
Office B
$14.31M
$12.52M – $16.69M
NOI $1,001,511 @ 7.0% cap · market cap 11.78%
Second Best
Warehouse
$6.04M
$5.29M – $7.05M
NOI $422,848 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$17.56M
$15.36M – $20.48M
NOI $1,228,994 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- The Affettati Company — 801 US-183, Leander, TX 78641
Frequently Asked Questions
What type of property is this?
Flex space - Unified business park combining professional office-flex buildings with warehouse structures and roll-up door access.
Where is this flex space located?
The property is located at 706 Leander DR Leander, TX.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Eight standalone buildings across approximately 3.2 acres; Six professional office‑flex buildings with modern glass storefronts; Two warehouse buildings with high‑clearance space and roll‑up door access
