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

    1607 High Chaparral Dr Leander, TX 78641-1942

    • Commercial real estate
    • 2,977 SF
    • 0.96 lot acres
    OFF-MARKET
    Last Sale
    Jul 19, 2024
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    9.2%
    Commercial real estate
    Location Intelligence
    Property ID
    US83-4270220
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gantry Academy / High School
    • Apple Blossom Center for Discovery / High School
    • AMAZIN KIDZ / Daycare Center / Foster Care Service

    Property Details for 1607 High Chaparral Dr

    Year built
    1990
    Lot size
    0.96 lot acres
    Property size
    2,977 SF
    Property type
    Commercial real estate
    APN
    R-17-W327-0030-0001A
    APU
    R17W32700300001A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $670,000
      6.5%
      $620,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $541,000
      Market price range: $171k - $653k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $450,000
      Current use
      OFFICE BUILDING
      $395,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Leander
    County
    Williamson
    State
    Texas
    Longitude
    -97.8503
    Latitude
    30.5565
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,994
    $755,853
    $283,972
    $1,039,825
    -
    $755,853
    $283,972
    $1,039,825

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      183A Frontage Rd

      Land • 1.00 Acre
      183A Frontage Rd, 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
      1.81 Acres

      1161 San Gabriel Pkwy

      Land • 1.81 Acres
      1161 San Gabriel Pkwy, Leander, TX 78641
      View Details
    • Value Estimation by Request
      20.40 Acres

      216 Main St

      Multifamily properties • 20.40 Acres
      216 Main St, Leander, TX 78641
      View Details
    • Value Estimation by Request
      3.35 Acres

      Crystal Fls Pkwy

      COMMERCIAL (GENERAL) • 3.35 Acres
      Crystal Fls Pkwy, Leander, TX 78641
      View Details
    • Value Estimation by Request
      1.15 Acres

      15808 Fm 2769

      COMMERCIAL (GENERAL) • 1.15 Acres
      15808 Fm 2769, Volente, TX 78641-9158
      View Details

    Similar Nearby for Sale

    • $5,939,951
      10.90 Acres

      Leander, TX Commercial Land

      10.9 Acres, Prime Mixed-Use Location
      5400 Bagdad Rd, Leander, TX 78641
      View Details
    • Contact for pricing
      0.70 Acres

      Reagan Blvd Commercial Land Site

      0.7-acre lot, prime Leander location.
      18145 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • $1,500,000
      3.00 Acres

      Leander Commercial Land - High Visibility

      Prime Leander location, 3 acres, ready for development.
      591 San Gabriel Pkwy, Leander, TX 78641
      View Details
    • $1,200,000
      2.94 Acres

      14410 Hero Way W, Leander

      Mixed-use properties • 2.94 Acres
      14410 Hero Way, Leander, TX 78641
      View Details
    • $1,500,000
      12.50 Acres

      Travis County Development Land

      12.5 Acres, Luxury Home Potential
      0 Shady Mountain Rd, Leander, TX 78641
      View Details
    • $799,000
      0.72 Acres

      Leander Commercial Land - $799K

      0.72 Acres, Prime Development Site
      Of 2243 Cor, Leander, TX 78641
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,500 SF

      Pointe 183: Leander Office Space

      Class A Office Suites in Prime Leander Location
      10861 183A Frontage Rd, Leander, TX 78641
      View Details
    • $17 SF/Yr
      56,250 SF

      Crystal Falls Commerce Center Space

      Leander, TX industrial space for lease
      10921 Crystal Falls Pkwy, Leander, TX 78641
      View Details
    • Contact for pricing
      31,150 SF

      Leander Retail Center - SH 183

      High-growth Leander retail space.
      0 Sh 183 & Hero Way, Leander, TX 78641
      View Details
    • $34 SF/Yr
      8,424 SF

      Leander Retail Space for Lease

      Prime Retail, High Visibility, Flexible Suites
      14300 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • $36 SF/Yr
      1,600 SF

      Prime Leander Retail Space

      Brand new, 1600 sq ft retail/restaurant space. High traffic, excellent visibility.
      15241 Ronald Reagan Blvd, Leander, TX 78641
      View Details
    • $34 SF/Yr
      2,719 SF

      Retail Space on Crystal Falls

      High-visibility retail space in rapidly growing Leander, Texas.
      7680 E Crystal Falls Pkwy, 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.
    1607 High Chaparral Dr
    Leander, TX 78641-1942
    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.