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32347036
32347037

1640 Highland Dr. #503, Leander, TX 78641

CR
TX 574801
LandMark Properties
Listed by LandMark Properties
$450,000
28 days on market
Updated 28 days ago

1640 Highland Dr. #503

Details
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 941
Net Rentable (SqFt) 941
Units 1
Cap Rate 4.44%
NOI $19,968
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2027
Rent Bumps Yes
Price per SqFt $478
Class B
Year Built 2021
Year Renovated 2021
Buildings 1
Stories 1
Zoning Office
Parking Spaces 4 per 1,000 sq ft
Investment Type Net Lease
Ceiling Height 10

Office | 941 SqFt

Marketing description

1640 Highland Dr. #503
Leander, TX 78641

Own a premium office condo in one of Leander’s fastest-growing corridors. This 941 SF corner unit, built in 2021, offers an attractive investment opportunity with a Farmer Insurance NNN lease in place through 12/31/27, providing steady income and minimal landlord responsibilities.

The thoughtfully designed layout includes 4 private offices—each with windows—plus a reception area, multifunction room, break area, private restroom, and storage closet. Features such as 10’ ceilings, modern finishes, and full communications wiring create a polished, professional environment ideal for medical, legal, accounting, therapy, or other small business users.

Positioned at the SE corner of Crystal Falls Parkway and Highland Falls Drive, directly in front of the Cold Springs subdivision, the property benefits from excellent visibility in a highly desirable growth area. With 4 parking spaces per 1,000 SF and a well-maintained common area that makes a strong first impression, this is a turnkey asset for investors seeking quality, location, and stable cash flow.

Investment highlights

  • 2021 built 4 Professional private offices (all offices have windows) with reception area and break room
  • Famers Insurance NNN lease through 12/31/27.
  • Located at SE corner of Crystal Falls Parkway and Highland Falls Drive in front of the Cold Springs Subdivision
  • Ideal space for small medical, psychologist, legal, accounting or small business

Listing Contacts

CR
TX 574801
LandMark Properties
Listed by LandMark Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$19,968.00
$1,664.00/mo

Valuation Metrics

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DSCR
4.44%
Cap Rate
4.44%
ROI

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