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

    304 Willis St Leander, TX 78641-1779

    • Commercial real estate
    • 1,850 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3947410
    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

    • Mallach and Company / Real Estate Agency
    • Jodi Robinson, Mallach and Company / Real Estate Agency
    • Holly Hogue Homes / Real Estate Agency

    Property Details for 304 Willis St

    Year built
    1995
    Lot size
    0.48 lot acres
    Property size
    1,850 SF
    Property type
    Commercial real estate
    APN
    R-17-W334-0160-0005-0004
    APU
    R17W334016000050004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Leander
    County
    Williamson
    State
    Texas
    Longitude
    -97.8559
    Latitude
    30.5785
    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
    $11,105
    $415,800
    $134,200
    $550,000
    -
    $415,800
    $134,200
    $550,000

    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

    • Contact for pricing
      1.00 Acre

      Leander, TX Pad Sites - Hwy 183

      Prime Commercial Land, Hwy 183 Frontage
      183A Frontage Rd, Leander, TX 78641
      View Details
    • Contact for pricing
      29.86 Acres

      Leander TX Commercial Land

      29 Acres, Travisso Adjacent, High-Income Area
      Jonestown, TX 78641
      View Details
    • $650,000
      10.92 Acres

      Leander, TX Commercial Land

      10.92 Acres, Single Family Rural Zoning
      0 Anderson Trl, Leander, TX 78641
      View Details
    • Contact for pricing
      0.92 Acres

      Leander Commercial Land - 0.92 Acres

      Prime Leander location, ready for development.
      602 Riva Rdg, Leander, TX 78641
      View Details
    • $1,575,129
      1.81 Acres

      Leander Commercial Land - $1.5M

      1.8 Acres, Prime Leander Location
      1161 San Gabriel Pkwy, Leander, TX 78641
      View Details
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      19,500 SF

      Crystal Falls Medical Office Space

      Modern Medical Office Suites in Leander, TX
      10804 Crystal Falls Pkwy, Leander, TX 78641
      View Details
    • Contact for pricing
      25,000 SF

      Leander Industrial Warehouse

      25,000 SF Flex Space Available
      2205 Downing Ln, Leander, TX 78641
      View Details
    • Contact for pricing
      32,900 SF

      Shops at Hero Way Phase II

      Leander Retail Space - High Growth Area
      11700 Hero Way, Leander, TX 78641
      View Details
    • $1,600 /Mo
      1,086 SF

      Leander Townhome with Ensuite Bathrooms

      Two-bedroom, two-and-a-half-bath townhome near Austin's tech corridor.
      523-1602G Powell Dr, Leander, TX 78641
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space Near HEB Plus

      Retail space in Leander, near major retail and transportation.
      11880 Hero Way W, Leander, TX 78641
      View Details
    • Contact for pricing

      Leander Retail and Pad Sites

      Retail and pad sites for lease in Leander, Texas.
      1613 Scottsdale Dr, 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.
    304 Willis St
    Leander, TX 78641-1779
    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.