Mixed-Use Property with Metal Building

1612 Shenandoah Dr, Cedar Park, TX 78613

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For Sale

Contact for pricing

1.1-acre property with multiple buildings and flexible usage options.

Type:Industrial, Mixed Use

Property size:

5,000 SF

Lot size:

1.10 Acres

Price / SF:

$450/SF

HighLights

Expansive 5000 sq ft Mueller metal building featuring 3 insulated 12‑foot bay doors.
Includes a remodeled 1530 sq ft home, ideal for residential or commercial use.
Additional new 780 sq ft Mueller building with insulated doors.
1.1‑acre property with extra slab ready for expansion or storage.
Excellent location near Lakeline Boulevard, Lakeline Mall, parks, schools, and other amenities.
Flexible property for owner‑occupancy with business potential or leasing opportunities.

We can help!

Contact an agent

Heather Morrison

Learn more

For Sale

Contact for pricing

1.1-acre property with multiple buildings and flexible usage options.

Type:Industrial, Mixed Use

Property size:

5,000 SF

Lot size:

1.10 Acres

Price / SF:

$450/SF

Added:: Sep 9, 2024
Days on Market:: 667
Last Refresh:: Jun 24 at 1:16 pm

Property Features for 1612 Shenandoah Dr

General Information

Standard status: Active
Size: 5,000 SF
Lot size: 1.10 Acres
Property subtype: Industrial, Mixed Use

We can help!

Contact an agent

Heather Morrison

Listing office KW Commercial

Listing date Sep 9, 2024

Source Crexi

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

HighLights

Expansive 5000 sq ft Mueller metal building featuring 3 insulated 12‑foot bay doors.
Includes a remodeled 1530 sq ft home, ideal for residential or commercial use.
Additional new 780 sq ft Mueller building with insulated doors.
1.1‑acre property with extra slab ready for expansion or storage.
Excellent location near Lakeline Boulevard, Lakeline Mall, parks, schools, and other amenities.
Flexible property for owner‑occupancy with business potential or leasing opportunities.

Overview

This 1.1-acre property features a 5000 square foot Mueller engineered metal building, a new 780 square foot Mueller building, and a remodeled 1530 square foot home. The home can be used as an office or showroom. Both buildings are fully insulated and include insulated doors. The smaller shop has 1 bay with a 12-foot door, while the larger shop has 3 bays with 12-foot overhead doors. The 5000 square foot shop offers a wide-open space, fully insulated from ceiling to floor, with a 15x40 area featuring central heat and air, an office, bathroom, breakroom, and storage. There are also two additional storage buildings on the property. An additional slab is located out back for more buildings or storage. The property is located blocks from Lakeline Boulevard and minutes from Lakeline Mall, area amenities, parks, and schools. The property offers possibilities for owner occupancy with space for vehicles, business, and family, or leasing out the warehouse structures and/or home to offset holding costs. The property is in its own condo regime.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$210.0k	$42.00
− Vacancy	−$51.0k	−$10.21
EGI	$159.0k	$31.79
− OpEx	−$39.7k	−$7.95
NOI	$119.2k	$23.85

5,000 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.70M

$1.49M – $1.99M (±1% cap)

NOI $119,228 @ 7.0% cap · market cap 5.30%

Second Best

Mixed Use

$964.3K

$843.8K – $1.13M (±1% cap)

NOI $67,500 @ 7.0% cap · market cap 3.00%

Theoretical Best

Office A

$2.09M

$1.83M – $2.44M (±1% cap)

NOI $146,309 @ 7.0% cap · market cap 6.50%

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

Location Intelligence

Current Use by Public Records

Legendary Concrete Cedar ... Construction Company Round 2 Offroad Auto Parts Store Muscle Cars of Austin Auto Repair Shop Joseph & Sons A/C ... Hardware & Home Improvement Mercado Cedar Park Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: Cedar Park
County: Williamson
State: Texas
Longitude: -97.8206249
Latitude: 30.4743249

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For sale
Mixed-use properties
TX
Cedar Park
78613
1612 Shenandoah Dr

What type of property is this?

Mixed-use property - 1.1-acre property with multiple buildings and flexible usage options.

Where is this mixed-use property located?

The property is located at 1612 Shenandoah Dr Cedar Park, TX.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: Expansive 5000 sq ft Mueller metal building featuring 3 insulated 12‑foot bay doors.; Includes a remodeled 1530 sq ft home, ideal for residential or commercial use.; Additional new 780 sq ft Mueller building with insulated doors.