Leander Commercial Space For
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15141 Ronald Reagan Blvd, Leander, TX 78641
Commercial space in high-traffic area with exceptional visibility.
Property Size977 SF
Price / SF$325
Days on Market901
Property Features for 15141 Ronald Reagan Blvd
General Information
Standard status
Active
Size
977 SF
Class
A
Property subtype
Office
Lease Type
NNN
Listing Agency:
Fullcircle Real Estate
Listed By:
Swarna Lakshmi Mohan · License #657184
Source:
Crexi
Added: Mar 21, 2024
Changed: Aug 26
Last Checked: Aug 29 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 Fullcircle Real Estate
Investment Insights
Based on property information with market context.
This commercial property is located on Ronald Reagan Blvd in Leander, offering road-facing visibility within a commercial center of over 100,000 square feet. The property features shell and metal beam construction with 18-foot high ceilings, suitable for professional, medical office, or flex space use. Monument and building signage are available. The surrounding area includes a Daycare, Wash N Roll, Restaurants, Coffee shops and the Cold Springs Retail Marketplace. Proximity to neighborhoods and schools provides a steady flow of potential customers.
Key Highlights
- Prime road‑facing visibility on Ronald Reagan Blvd in a well‑established commercial center.
- High‑traffic location with proximity to neighborhoods and schools.
- Monument and building signage available for brand visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,297
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$465,940
$465.9K
Cap Rate 7%
$332,814
$332.8K
Cap Rate 9%
$258,856
$258.9K
Market Conditions
NOI Build-Up for 977 SF
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.
Gross rent
$41.0K $42.00/SF
− Vacancy
−$10.0K −$10.21/SF
EGI
$31.1K $31.79/SF
− OpEx
−$7.8K −$7.95/SF
NOI
$23.3K $23.85/SF
Area
Travis 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$465,940
Cap Rate 7%
$332,814
Cap Rate 9%
$258,856
Alternative Uses
Best Use
Office B
$332.8K
$291.2K – $388.3K
NOI $23,297 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$408.4K
$357.4K – $476.5K
NOI $28,589 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Commercial space in high-traffic area with exceptional visibility.
Where is this office units located?
The property is located at 15141 Ronald Reagan Blvd Leander, TX.
What is the asking price?
The asking price for this property is $317,525.
What are key features of this property?
This property features: Prime road‑facing visibility on Ronald Reagan Blvd in a well‑established commercial center.; High‑traffic location with proximity to neighborhoods and schools.; Monument and building signage available for brand visibility.
