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    11700 Hero Way Leander, TX 78641

    Sponsored
    For Lease
    Contact for pricing

    Leander Retail Space - High Growth Area

    Lot size:
    32,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents 17,095 square feet of vacant space within the Shops at Hero Way Phase II development, totaling 32,900 square feet. Located in Leander, Texas, a rapidly expanding city boasting an 11%+ growth rate and ranked #1 in Texas as the best place to raise a family, this property offers unparalleled potential. The site sits on a 1.2-acre lot and benefits from a highly visible, high-traffic location on a major retail corridor. Amenities include drive-thru availability and ample parking (6.3 spaces per 1,000 square feet). The property's strategic location near a major HEB grocery store (the 3rd largest in Texas) and a metro station ensures high foot traffic and convenient access. Further enhancing its appeal, a newly opened 238-unit luxury apartment complex adds over 1000 residents within walking distance. The building is slated for completion in Q1 2025, presenting a timely opportunity to establish a presence in this thriving market. With a significant new single-family home permit growth of 379.4% over the past seven years, Leander's population continues to surge, making this retail space an ideal investment for businesses seeking to capitalize on this dynamic growth. The multiple tenancy structure allows for flexibility and potential for synergistic partnerships. This is a prime location for businesses seeking to tap into a rapidly expanding and family-oriented community.

    Property Features for 11700 Hero Way

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,900 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    17,095 SF

    HighLights

    • 32,900 square foot retail center with 17,095 square feet available for lease.
    • Multiple tenancy retail space in Williamson County.
    • 1.2‑acre lot with 6.3 parking spaces per 1,000 square feet.
    • Delivery Q1 2025; drive‑thru available.
    • High‑visibility location in a high‑traffic area of Leander, Texas, near a major HEB grocery store and a metro station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Leander
    County
    Williamson
    State
    Texas
    Longitude
    -97.8666033
    Latitude
    30.579216

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    FAQs

    What type of property is this?
    Retail property - Leander Retail Space - High Growth Area
    Where is this retail property located?
    The property is located at 11700 Hero Way Leander, TX.
    What are key features of this property?
    This property features: 32,900 square foot retail center with 17,095 square feet available for lease.; Multiple tenancy retail space in Williamson County.; 1.2-acre lot with 6.3 parking spaces per 1,000 square feet.
    Request Owner's contact information
    11700 Hero Way Leander, TX 78641
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    Realmo Value Estimation

    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.

    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.

    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
    11700 Hero Way Leander, TX 78641
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