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    10921 Crystal Falls Pkwy Leander, TX 78641

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    For Lease
    Contact for pricing

    Leander, TX industrial space for lease

    Lot size:
    56,250 SF

    Property Features for 10921 Crystal Falls Pkwy

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    56,250 SF
    Total Rate
    81562.5

    Building Details

    Year Built
    2018

    Spaces For Lease

    at 10921 Crystal Falls Pkwy, Leander, TX 78641 Contact us
    Unit Building D Unit 101

    $18 /Mo

    Size
    1,875 SF
    Contact us
    Unit Bldg G #404

    $17 /Mo

    Size
    1,875 SF
    Contact us
    Unit Bldg G #405

    $18 /Mo

    Size
    1,875 SF
    Contact us
    Unit Building L Unit 902

    $24 /Mo

    Size
    1,752 SF
    Contact us
    Unit Building H Unit 503

    $18 /Mo

    Size
    1,875 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Frances Crossley
    Frances Crossley

    Listing Agent: Frances Crossley

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

    Learn more

    Overview

    This Leander, TX light industrial property, Crystal Falls Commerce Center, offers versatile flex and distribution warehouse space totaling 56,250 square feet. Located on Crystal Falls Parkway, it provides convenient access between Toll 183A and Ronald Reagan Blvd, enhancing operational efficiency. The property features multiple suites, with a minimum divisible space of 1,700 square feet and a maximum contiguous space of 4,253 square feet. Built in 2018, the building boasts a 16-foot clear ceiling height, and most units include 100% climate control, a 10' x 12' office area with mini-split HVAC units, and two ADA-compliant restrooms. Loading docks are available, and parking is provided at a ratio of 3.5 spaces per 1,000 square feet. Grade-level roll-up doors (12' x 14') are standard, with dock-high doors available in select end-cap units. The property is zoned for light industrial use and offers 220V power, with 3-phase electric as an option. Various layouts and interior finishes are available. Spectrum Fiber Optics are available on-site. The property is part of a larger business park in the Austin submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile RV Pro Auto Repair Shop Lone Star Roofing ... Roofing Company FiberSplicer.com by Tyrosys Production Facility Detailers Finest - Auto ... Auto Parts Store Euro Garage - German/European ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leander
    County
    Travis
    State
    Texas
    Longitude
    -97.8126299
    Latitude
    30.5675937

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      Creative Commercial Development Opportunity

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    FAQs

    What type of property is this?
    Distribution center - Leander, TX industrial space for lease
    Where is this distribution center located?
    The property is located at 10921 Crystal Falls Pkwy Leander, TX.
    What is the lease rate?
    The lease rate is $17-$24 SF/Yr.
    What are key features of this property?
    This property features: Most units are 100% climate controlled.; Units include a 10' x 12' office with mini-split HVAC.; Each unit features two ADA-compliant restrooms.
    (512) 439-3785 Call to check price and availability
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    10921 Crystal Falls Pkwy Leander, TX 78641
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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
    10921 Crystal Falls Pkwy Leander, TX 78641
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    Contact for Pricing
    Please call us for current price
    and status of this listing Frances Crossley
    Frances Crossley
    Real Estate License ID: 0624525
    (512) 439-3785 (512) 751-0004 (512) 255-5050
    Learn more
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