Property profile

11880 Hero Way West Leander, TX 78641

FOR LEASE
Commercial real estate
Property ID
US82-5189734
27,875 SF 14.7 ac lot Built 2010
Entity Owned 6-yr Hold ~ Est. High Equity
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11880 Hero Way West, Leander, TX 78641 For Lease
$4,990,000 5,000 SF available
11880 Hero Way West, Leander, TX 78641
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Property summary

AI-generated overview

This exceptional 16,500-square-foot flex space, located at 11880 Hero Way W in Leander, Texas 78641, presents a unique opportunity for businesses seeking versatile commercial space. The property is currently fully vacant and offers multiple tenancy options, with a minimum divisible space of 4,500 square feet and a maximum contiguous space of 12,000 square feet. Ideal for retail or industrial uses, this property boasts a flexible layout adaptable to a variety of business needs. Its strategic location in Leander, Texas provides excellent access to major transportation routes, ensuring convenient commutes for employees and efficient logistics for businesses. The property's total square footage is 16,500 square feet, providing ample room for expansion and growth. With its combination of retail and industrial suitability, this property is perfectly positioned to cater to a diverse range of businesses. The property is ready for immediate occupancy, allowing businesses to quickly establish their operations. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure a substantial and adaptable commercial space in a thriving Texas market. The property's address is easily accessible and well-suited for both customer traffic and efficient supply chain management.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2010
Total area 27,875 SF
Lot 14.7 ac (640,332 SF)
APN R-17-W309-4000-0001-B004
UPID US82-5189734

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Insurance Agency
  • Gym & Fitness Center
  • Film Production Television Studio
  • Restaurant

Location

11880 Hero Way West Leander, TX 78641
Leander metro Census 20344 AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.79M
Comparable Approach Comparable
$4.19M
Blend (final) Blend
$4.99M

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2011
Price N/A
2011
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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