Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10824 Crystal Falls Pkwy Leander, TX 78641
    Back to Search
    Property profile & analytics

    10824 Crystal Falls Pkwy Leander, TX 78641

    View on Map
    • Office Spaces
    • 3,318 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MBM Property Management, LLC / Property Management Company
    • Baoping Qian / Pediatrician / Medical Clinic
    • Subida Counseling / Counselor
    • SkySystems USA Corporation / Corporate Office
    • Zygo Sport and Spine / Alternative Medicine Practice

    Property Details for 10824 Crystal Falls Pkwy

    Year built
    2019
    Property size
    3,318 SF
    Property type
    Office Spaces

    Description

    This exceptional investment opportunity presents two fully occupied Class A office condos totaling 3,318 square feet, situated in the highly desirable Leander, Texas market. The property, built in 2019, boasts a prime location at 10824 E Crystal Falls Pkwy, Suite 301, offering excellent frontage visibility on Crystal Falls Parkway. The property features three tenants under a 3-year lease with 3 years remaining, ensuring immediate cash flow. The units are connected, providing flexibility for an owner-user or continued multi-tenant occupancy. Suite 301 includes a reception area, multiple private offices, a large kitchen, ample storage, a spacious conference/training room, and two private restrooms. Suite 302 offers a reception area, four private offices, a private restroom, and a kitchen area. The single-story building sits on a 10,951 square foot lot and is zoned GB, providing ample parking both in front and behind the building. This property offers a compelling combination of strong tenancy, prime location, and attractive financial metrics, making it an ideal investment for discerning buyers. The asking price is $2,195,000, translating to $663 per square foot. This is a rare opportunity to acquire a high-quality, fully occupied office property in a thriving Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Leander
    County
    Williamson
    State
    Texas
    Longitude
    -97.8176
    Latitude
    30.5659

    Comparable in this City

    • Value Estimation by Request
      22,500 SF

      10861 183A Frontage Rd

      Medical space • 22,500 SF
      10861 183A Frontage Rd, Leander, TX 78641
      View Details
    • Value Estimation by Request
      977 SF

      15141 Ronald Reagan Blvd

      Medical Office Space • 977 SF
      15141 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • Value Estimation by Request
      128,509 SF

      183 And 183A

      Restaurants • 128,509 SF
      183 And 183A, Leander, TX 78641
      View Details
    • Value Estimation by Request
      1,052 SF

      15141 Ronald Reagan Blvd

      Office Spaces • 1,052 SF
      15141 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • Value Estimation by Request
      913 SF

      3835 Co Rd 175

      Office Spaces • 913 SF
      3835 Co Rd 175, Leander, TX 78641
      View Details
    • Value Estimation by Request
      2.89 Acres

      3835 Co Rd

      Office Spaces • 850 SF
      3835 Co Rd, Leander, TX 78641
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,288 SF

      4 Acre Commercial Site

      4 acre general commercial site suitable for various uses.
      Leander, TX 78641
      View Details
    • $375,000
      20,672 SF

      Leander Office Space: Prime Location

      High-visibility office space, shell condition, near Apple.
      15141 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • $365,000
      913 SF

      Leander Office Condo - Great Investment

      Modern Office Condo, 913 sq ft, 2.89 acres
      3835 County Road 175, Leander, TX 78641
      View Details
    • $340,000
      850 SF

      Leander Office Space: Prime Location

      Move-in ready office, ideal Leander location.
      660 Bagdad Rd, Leander, TX 78641
      View Details
    • Contact for pricing

      Mixed-Use Development Opportunity in Leander

      Six-acre mixed-use park connected to future St. David's hospital.
      10861 183A, Leander, TX 78641
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      25,000 SF

      Leander Flex Space - For Sale/Lease

      Modern Flex Warehouse, 10-25k SF
      2205 Downing Ln, Leander, TX 78641
      View Details
    • Contact for pricing

      Mixed-Use Community in Leander, TX

      New mixed-use community with retail, office, residential, and hotel space.
      183 And 183A, Leander, TX 78641
      View Details
    • Contact for pricing
      65,200 SF

      Leander Retail Space Prelease

      65,200 SF Retail Center in Leander, TX
      1395 Highway 183, Leander, TX 78641
      View Details
    • Contact for pricing

      Leander Mixed-Use Development For Rent

      15-acre mixed-use development in Leander with retail and commercial spaces.
      14300 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • Contact for pricing

      New Construction Office Space

      New construction office space available for lease.
      2965 Hero Way, Leander, TX 78641
      View Details
    • Contact for pricing

      Centro Plaza

      14300 Ronald Reagan Blvd, Unit 802, Leander, TX 78641
      14300 Leander Tx 78641 UNIT 802, Leander, TX 78641
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10824 Crystal Falls Pkwy
    Leander, TX 78641
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10824 Crystal Falls Pkwy, Leander, TX, 78641
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!