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    Gregg Mnr Rd Hye, TX 78635

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    For Lease
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    Six modern warehouses, Austin, TX

    Lot size:
    1,214,880 SF

    Property Features for 0 Gregg Mnr Rd

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,214,880 SF
    Class
    A

    Building Details

    Buildings
    6

    Spaces For Lease

    at 0 Gregg Mnr Rd, Hye, TX 78635 Contact us

    We can help!

    Listing Contact
    Ace Schlameus
    Ace Schlameus

    Listing Agency: JLL Austin Listing Agent: Ace Schlameus

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mustang Crossing offers an exceptional opportunity to lease state-of-the-art warehouse space in a prime Austin, Texas location. This Class A industrial development comprises six buildings totaling 1,214,880 square feet, situated on a 125.79-acre lot in Blanco County. The property features flexible space options, with a minimum divisible unit of 58,240 square feet and a maximum contiguous space of 434,560 square feet. Each of the six suites offers impressive ceiling heights ranging from 28 to 40 feet, providing ample vertical storage capacity. The development boasts abundant parking for both cars and trucks, catering to efficient logistics and operations. Strategically located near Texas State Highway 130 and U.S. Route 290, Mustang Crossing provides unparalleled access to Austin and surrounding areas, including Georgetown, Round Rock, San Marcos, and San Antonio. Currently, all 1,214,880 square feet are available for lease. The property's address is Gregg Manor Rd, Hye, TX 78635. This development presents a unique chance to secure high-quality warehouse space in a rapidly growing Texas market. The property is classified as multiple tenancy and is located in the city of Austin, though the mailing address is Hye, Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Hye
    County
    Blanco
    State
    Texas
    Longitude
    -98.544636
    Latitude
    30.2202191

    FAQs

    What type of property is this?
    Distribution center - Six modern warehouses, Austin, TX
    Where is this distribution center located?
    The property is located at Gregg Mnr Rd Hye, TX.
    What are key features of this property?
    This property features: 1,214,880 SF Class A warehouse space available for lease in Austin, TX.; Six buildings totaling 1,214,880 SF on a 125.79-acre lot.; Flexible space options from 58,240 SF to 434,560 SF contiguous.
    (512) 225-2700 Call to check price and availability
    Request Owner's contact information
    Gregg Mnr Rd Hye, TX 78635
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    Hye, TX 78635
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Gregg Mnr Rd Hye, TX 78635
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    Contact for Pricing
    Please call us for current price
    and status of this listing Ace Schlameus
    Ace Schlameus
    (512) 225-2700 (515) 225-2709
    Learn more
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