About This Home

Prime Commercial Development Opportunity in Leander, TX

Zoning: HC-4-D (Heavy Commercial)

Unlock the potential of this prime commercial tract in the rapidly growing city of Leander. Boasting flexible Heavy Commercial (HC) zoning and a strategic footprint, this site is perfectly suited for an investor, developer, or owner-user. High-Potential Development Concepts -Office / Business, retail, Bar/restaurant.

Disclaimer & Broker Note: Buyer is responsible for conducting and completing its own independent due diligence regarding zoning, utilities, site constraints, and development feasibility. Schedule your site visit today!

Location

11830 Hero Way W, Leander, TX 78641

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Property Details

Price $1,250,000

Status Active Listing

Beds ,

Full Baths ,

Half Baths ,

Living Area ,

Lot Size 1.13 acres (49,135.68 sqft)

Year Built ,

Garage ,

Stories ,

Type Land · Unimproved Land

Subdivision Leander 2243

County Williamson

Zip Code 78641

$/sqft ,

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $18,240.93

Pool ,

Waterfront ,

New Construction ,

MLS # ACT239720865

List Date July 27, 2026

Elementary School Jim Plain

Middle School Leander Middle

High School Glenn

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Leander and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Leander

Comparable Listings Right Now

Homes currently for sale in Leander with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

11916 Lime Creek Rd
None $895,000 $690 1 bd / 1 ba 1,298 sqft , 2026-07-24

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$6,000/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$250,000

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$6,000

Principal + Interest−$6,822

Property Tax (~2.1% TX avg)−$2,188

Insurance (~0.5%)−$521

Est. Monthly Cash Flow $-3,531

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

11830 Hero Way W

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

11830 Hero Way W

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

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