Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Of 2243 Cor Leander, TX 78641

    • Land
    • 0.72 lot acres
    For Sale
    View listing
    $799,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Of 2243 Cor

    Lot size
    0.72 lot acres
    Property type
    Land

    Description

    This exceptional 0.72-acre commercial land parcel presents a remarkable investment opportunity in the thriving Leander, Texas market. Strategically located at the northwest corner of 2243 and 183A, this property boasts a highly desirable location with excellent visibility and accessibility. Zoned CD - Conventional Development Sector, this site is ready for immediate development. The property features a curb cut and frontage on 183A, providing convenient access for businesses and customers. All essential utilities are readily available, including sewer and water connections already in place. The site's proximity to major retail centers further enhances its appeal, ensuring high traffic and strong potential for commercial success. With a total buildable square footage of 31,494, this parcel offers ample space for a variety of commercial ventures. The asking price is $799,000. This prime location in Williamson County, Texas, zip code 78641, offers unparalleled potential for growth and return on investment. The APN numbers are R448912 and R484387. Don't miss this chance to acquire a premier commercial development site in one of Texas's fastest-growing areas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leander
    County
    Williamson
    State
    Texas
    Longitude
    -97.9375
    Latitude
    30.539

    Comparable in this City

    • Value Estimation by Request
      12.50 Acres

      Shady Mountain Rd

      Land • 12.50 Acres
      0 Shady Mountain Rd, Leander, TX 78641
      View Details
    • Value Estimation by Request
      0.99 Acres

      602 Riva Rdg Dr

      Mixed-use properties • 42,688 SF
      602 Riva Rdg Dr, Leander, TX 78641
      View Details
    • Value Estimation by Request
      5.12 Acres

      San Gabriel Pkwy

      Land • 5.12 Acres
      0 San Gabriel Pkwy, Leander, TX 78641
      View Details
    • Value Estimation by Request
      3.00 Acres

      589 San Gabriel Pkwy

      Land • 3.00 Acres
      589 San Gabriel Pkwy, Leander, TX 78641
      View Details
    • Value Estimation by Request
      4.00 Acres

      000 Tollway 183-A

      Multifamily properties • 4.00 Acres
      000 Tollway 183-A, Leander, TX 78641
      View Details
    • Value Estimation by Request

      8770 Fm 2243

      Land
      8770 Fm 2243, Leander, TX 78641
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Leander, TX Pad Sites - Hwy 183

      Prime Commercial Land, Hwy 183 Frontage
      183A Frontage Rd, Leander, TX 78641
      View Details
    • Contact for pricing
      29.86 Acres

      Leander TX Commercial Land

      29 Acres, Travisso Adjacent, High-Income Area
      Jonestown, TX 78641
      View Details
    • $650,000
      10.92 Acres

      Leander, TX Commercial Land

      10.92 Acres, Single Family Rural Zoning
      0 Anderson Trl, Leander, TX 78641
      View Details
    • Contact for pricing
      0.92 Acres

      Leander Commercial Land - 0.92 Acres

      Prime Leander location, ready for development.
      602 Riva Rdg, Leander, TX 78641
      View Details
    • $1,575,129
      1.81 Acres

      Leander Commercial Land - $1.5M

      1.8 Acres, Prime Leander Location
      1161 San Gabriel Pkwy, Leander, TX 78641
      View Details
    • $799,000
      1.49 Acres

      Leander Hwy 183 Commercial Land

      High-visibility commercial land, prime location.
      0 Highway 183, Leander, TX 78641
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      271,970 SF

      Leander Tech Park

      Life science properties • 271,970 SF
      29 At Kauffman Loop, Andice, TX 78641
      View Details
    • Contact for pricing
      729,194 SF

      Leander Commercial Land - 16.74 Acres

      Prime Williamson County land, 729,194 sq ft.
      8770 Fm 2243, Leander, TX 78641
      View Details
    • Contact for pricing
      21,000 SF

      Scottsdale Crossing Retail Center

      Leander, TX: Prime Retail Opportunity
      0 Scottsdale Dr And Hwy 183A, Leander, TX 78641
      View Details
    • Contact for pricing

      Leander Retail and Pad Sites

      Retail and pad sites for lease in Leander, Texas.
      1613 Scottsdale Dr, Leander, TX 78641
      View Details
    • Contact for pricing
      19,500 SF

      Crystal Falls Medical Office Space

      Modern Medical Office Suites in Leander, TX
      10804 Crystal Falls Pkwy, Leander, TX 78641
      View Details
    • Contact for pricing
      25,000 SF

      Leander Industrial Warehouse

      25,000 SF Flex Space Available
      2205 Downing Ln, 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.
    Of 2243 Cor
    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

    Google sign-in failed. Please try again or use another login method.