Leander Transitional Land with
For Sale
Contact for pricing
14410 Hero Way W, Leander, TX 78641
2.94 acres with two residences in Leander, Texas.
Property Size2,599 SF
Lot Size2.94 Acres
Price / SF$404
Days on Market687
Property Features for 14410 Hero Way W
General Information
Standard status
Active
Size
2,599 SF
Lot size
2.94 Acres
Property subtype
Land, Mixed Use
Listing Agency:
KW Commercial
(512) 940-0565
Listed By:
Heather Morrison · License #TX 590194
Source:
Crexi
Added: Sep 17, 2024
Changed: Jul 10
Last Checked: Aug 3 at 3:23PM
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 KW Commercial
Investment Insights
Based on property information with market context.
Located in the City of Leander, this property features approximately 2.94 acres of transitional land with two residences. The sale includes two tracts. The main residence, built in 1998, is situated on 2.29 acres and offers 2,599 square feet of living space, including 4 bedrooms, 2 baths, and a garage. The second tract, located at 14380 Hero Way W, encompasses 0.64 acres and includes a 2,388 square foot home dating back to 1925, presenting an opportunity for updates. Currently zoned SFR, these lots are identified in Leander’s Future Land Use Map as being in the “Multi-Use Corridor - Priority Corridor”. According to the Leander 2020 Comprehensive Plan, this corridor is intended for mixed-use areas, such as commercial retail, office, personal service uses, and restaurants, including drive-throughs. Stand-alone individual parcels or larger retail centers may be appropriate. Near highway intersections and adjacent to Employment Mixed Use/Activity Centers, hotels, grocery stores and similar regional uses may also be suitable. Rezoning would be required for a change of use. Potential uses include renting the homes, establishing a small business, creating a live-work space, or holding for long-term appreciation.
Key Highlights
- Two residences included: a 2,599 sq ft home built in 1998 with 4 bedrooms and 2 baths, plus a 2,388 sq ft home dating from 1925.
- +/- 2.94 acre property in the City of Leander.
- Located in an area designated as "Multi‑Use Corridor - Priority Corridor" in Leander's Future Land Use Map, suggesting potential for rezoning and mixed‑use development.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.4k | $24.00 |
| − Vacancy | −$6.2k | −$2.40 |
| EGI | $56.1k | $21.60 |
| − OpEx | −$21.1k | −$8.10 |
| NOI | $35.1k | $13.50 |
2,599 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$501.2K
$438.6K – $584.8K
NOI $35,087 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$950.6K – $1.27M
NOI $76,051 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
624
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.94 acres with two residences in Leander, Texas.
Where is this commercial land located?
The property is located at 14410 Hero Way W Leander, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two residences included: a **2,599 sq ft home built in 1998 with 4 bedrooms and 2 baths**, plus a 2,388 sq ft home dating from 1925.; +/- 2.94 acre property in the City of Leander.; Located in an area designated as "Multi‑Use Corridor - Priority Corridor" in Leander's Future Land Use Map, suggesting potential for rezoning and mixed‑use development.
