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Property profile & analytics
OFF-MARKET
Commercial real estate

204 Heritage Grove Rd Leander, TX 78641

40.57 ac lot
Entity Owned 5-yr Hold
Property ID
US83-0216157
Property summary
AI-generated overview

This exceptional 40.57-acre tract of land presents a compelling investment opportunity in the thriving city of Leander, Texas. Strategically located within Leander city limits and currently zoned for industrial use, this property offers significant potential for a wide range of development projects. The land is priced competitively at $7.55 per square foot, totaling $13,342,580. Convenient access to essential utilities is a key advantage. A 12-inch water main is situated nearby, with an 8-inch wastewater main approximately 800 feet south of the site. Natural gas is available approximately 400 feet south, and electricity is readily accessible via PEC on-site. This property is well-suited for businesses requiring ample space and convenient access to infrastructure. Further enhancing its appeal, a Phase 1 environmental study and utility capacity letters are available upon request for serious inquiries, providing comprehensive due diligence support for prospective buyers. This prime location and the readily available utilities make this a truly exceptional opportunity for industrial development in the rapidly growing Leander market. The property's address is 204 Heritage Grove Rd, Leander, TX 78641.

Property profile
Verified
Property type Commercial real estate
Lot 40.57 ac (1,767,229 SF)
UPID US83-0216157
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cmhh Heritage LLC · 5 yrs held
Cmhh Heritage LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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