Mixed-Use Property with Studio
For Sale
Contact for pricing
8117 Lime Creek Road, Leander, TX 78641
Three buildings combine production facilities, two residential areas, garage storage and covered outdoor space.
Property Size6,800 SF
Lot Size4.75 Acres
Price / SF$1.47
Days on Market33
Property Features for 8117 Lime Creek Road
General Information
Standard status
Active
Size
6,800 SF
Lot size
4.75 Acres
Property subtype
MixedUse
Additional Details
Tenant in Place
Yes
Property Use
Creative
Amenities
Hill Country views
high-top tent
outdoor space
Building Details
Year Built
2000
Buildings
3
Building Size
6,800 SF
Listing Agency:
Austin Marketing + Development
(713) 304-7474
Listed By:
Adrian Salas
(512) 589-2677
Source:
Hoydenhomes
Added: Sep 28
Changed: Oct 28
Last Checked: Oct 28 at 9:46AM
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 Austin Marketing + Development
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Investment Insights
Based on property information with market context.
Set on 4.75 acres, this mixed-use property comprises three buildings totaling approximately 6,800 square feet. The principal 4,500-square-foot structure pairs about 3,000 square feet of professional studio space, including control rooms and a live room, with an attached 1,500-square-foot residence offering three bedrooms and two bathrooms. A separate 1,600-square-foot manufactured home has four bedrooms and two bathrooms. The third building is a 700-square-foot garage with high ceilings and additional workspace or storage.
Outdoor areas include a 40' x 40' high-top tent with approximately 1,600 square feet of covered space. The property is at 8117 Lime Creek Road in Leander, near Volente, with Hill Country views. Intended uses, permitting and occupancy requirements are subject to independent verification.
Outdoor areas include a 40' x 40' high-top tent with approximately 1,600 square feet of covered space. The property is at 8117 Lime Creek Road in Leander, near Volente, with Hill Country views. Intended uses, permitting and occupancy requirements are subject to independent verification.
Key Highlights
- 4.75‑acre property with approximately 6,800 square feet across three buildings
- Main building includes approximately 3,000 square feet of professional studio space, with control rooms and a live room
- Attached 1,500‑square‑foot residence has three bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,800
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,836,000
$1.8M
Cap Rate 7%
$1,311,429
$1.3M
Cap Rate 9%
$1,020,000
$1.0M
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$163.2K $24.00/SF
− Vacancy
−$16.3K −$2.40/SF
EGI
$146.9K $21.60/SF
− OpEx
−$55.1K −$8.10/SF
NOI
$91.8K $13.50/SF
Area
Williamson County, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,836,000
Cap Rate 7%
$1,311,429
Cap Rate 9%
$1,020,000
Alternative Uses
Best Use
Office B
$2.32M
$2.03M – $2.70M
NOI $162,149 @ 7.0% cap · market cap 1,621.49%
Second Best
Mixed Use
$1.31M
$1.15M – $1.53M
NOI $91,800 @ 7.0% cap · market cap 918.00%
Theoretical Best
Office A
$2.84M
$2.49M – $3.32M
NOI $198,980 @ 7.0% cap · market cap 1,989.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings combine production facilities, two residential areas, garage storage and covered outdoor space.
Where is this mixed-use property located?
The property is located at 8117 Lime Creek Road Leander, TX.
What are key features of this property?
This property features: 4.75‑acre property with approximately 6,800 square feet across three buildings; Main building includes approximately 3,000 square feet of professional studio space, with control rooms and a live room; Attached 1,500‑square‑foot residence has three bedrooms and two bathrooms
