0 Seq Hwy 183 & Hero Way Leander, TX 78641
This exceptional 27,000 square foot medical office building presents a unique investment opportunity in the rapidly expanding Leander, Texas market. Situated at the intersection of Highway 183 and Hero Way in Williamson County, this pad-ready site is approved for a surgery center with overnight stay capabilities, making it ideal for physician ownership. Construction plans are available, with delivery estimated within 9-12 months. The property benefits from a prime location adjacent to Austin Gastro's new Endoscopy Center and near St. David's Hospital (new hospital opening in 2024), and the Northline Mixed Use Development. Further enhancing its appeal are its proximity to an HEB grocery store, a light rail stop, and the 183A toll road. Leander/Liberty Hill is experiencing explosive growth, projected to significantly surpass Cedar Park in residential rooftops. This presents a compelling investment opportunity in a high-demand area with excellent access and strong surrounding medical infrastructure. The two-story building offers significant potential for a thriving medical practice or investment portfolio. This is a rare chance to establish a presence in one of the Austin MSA's fastest-growing areas.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.