Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1101 183 Hwy Leander, TX 78641
    Back to Search
    Property profile & analytics

    1101 183 Hwy Leander, TX 78641

    View on Map
    • Office properties & Spaces
    • 1 SF
    • 1.06 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1101 183 Hwy

    Year built
    2016
    Lot size
    1.06 lot acres
    Property size
    1 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional 1.06-acre commercial property in Leander, Texas, presents a remarkable investment opportunity. Located at 1101 S. U.S. Highway 183, this strategically positioned lot boasts high visibility due to its second-row location directly behind WoksIt2U and between Discount Tire and Brake Check. Currently undergoing subdivision, this property is zoned General Commercial 3, offering a multitude of development possibilities for discerning investors. The expansive 1.06-acre parcel provides ample space for a variety of commercial ventures, capitalizing on the high traffic count and prominent location along a major thoroughfare. The asking price of $550,000 represents exceptional value for a property of this caliber in a rapidly growing area. The property's proximity to established businesses ensures immediate access to a robust customer base, while the General Commercial 3 zoning allows for a wide range of potential uses. This is a rare chance to acquire a highly visible and versatile commercial property in a prime Leander location. Don't miss this opportunity to secure a piece of Leander's thriving commercial landscape. The property's size and location make it ideal for a variety of commercial developments, offering significant potential for future growth and return on investment. The current subdivision process ensures a streamlined path to development.

    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
    -97.8476
    Latitude
    30.5644

    Comparable in this City

    • Value Estimation by Request
      976 SF

      15141 Ronald Reagan Blvd

      Medical Office Space • 976 SF
      15141 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • Value Estimation by Request
      20,672 SF

      15141 Ronald Reagan Blvd

      Office properties & Spaces • 20,672 SF
      15141 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • Value Estimation by Request
      79,806 SF

      15101 Ronald Reagan Blvd

      Restaurants • 79,806 SF
      15101 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • Value Estimation by Request
      16,333 SF

      15161 Ronald Reagan Blvd

      Coworking space • 16,333 SF
      15161 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • Value Estimation by Request
      3.35 Acres

      10824 Crystal Falls Pkwy

      Office properties & Spaces • 3.35 Acres
      10824 Crystal Falls Pkwy, Leander, TX 78641
      View Details
    • Value Estimation by Request
      27,000 SF

      Seq Hwy 183 & Hero Way

      Medical Office Space • 27,000 SF
      0 Seq Hwy 183 & Hero Way, Leander, TX 78641
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      16,288 SF

      4 Acre Commercial Site

      4 acre general commercial site suitable for various uses.
      Leander, TX 78641
      View Details

    Similar Nearby for Lease

    • 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
    • $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

      New Construction Office Space

      New construction office space available for lease.
      2965 Hero Way, 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
    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.
    1101 183 Hwy
    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
    1101 183 Hwy, 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!