Leander Commercial Space For
For Sale
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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 Market946
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: Oct 1
Last Checked: Oct 20 at 6:59PM
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
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.
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 / Yr
$23,297
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
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
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
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%
$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.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Office unit - Commercial space in high-traffic area with exceptional visibility.
Where is this office unit 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.
