Active Listing  ·  22 days on market

1304 Leander Dr #430

Leander, TX 78641
$360,000
Built 2026 2.40 acres Leander Heights Sec 03

As you approach, you'll notice the stylish industrial metal siding paired with a sleek concrete walkway that guides you right to the modern front entry. Pre-construction opportunity to purchase a warehouse condo in Phase 3 of this multi-phase development, featuring Buildings #3 & #4. The developer successfully completed Phase 1, with Buildings #1 & #6 built, sold, and delivered to individual owners in February–March 2026. These units are now owner-occupied or leased, with businesses already operating. Phase 2, consisting of Buildings #2 & #5, is currently under construction and has been fully sold out. This listing is for proposed units in Buildings #3 & #4, which are currently vacant and undeveloped. The developer anticipates breaking ground on Phase 3 in the December 2026–January 2027 timeframe. Buyers have an opportunity to secure a unit in the next phase of this growing commercial development. Final building plans, specifications, and delivery timelines are subject to development and construction.

Location

1304 Leander Dr #430, Leander, TX 78641

Property Details

Price $360,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area ,
Lot Size 2.40 acres (104,326.2 sqft)
Year Built 2026
Garage ,
Stories 1
Type Commercial Sale · Warehouse
Subdivision Leander Heights Sec 03
County Williamson
Zip Code 78641
$/sqft ,
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool ,
Waterfront ,
New Construction ,
MLS # ACT244599034
List Date August 31, 2026
Elementary School ,
Middle School ,
High School ,
School District ,

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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 31, 2026 $420,000
Current ask $360,000
Reduced $60,000 (-14.3%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
$1,728/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
$72,000
20% conventional investment loan

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

Estimated Gross Rent+$1,728
Principal + Interest−$1,965
Property Tax (~2.1% TX avg)−$630
Insurance (~0.5%)−$150
Est. Monthly Cash Flow $-1,017

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 →

Commute & Employment

Major Employers Near Leander, TX

Leander sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 25 min SE
Dell Technologies HQ 20 min SE
Samsung Austin Semiconductor 30 min SE

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 16, 2026.

📞 (254) 718-2567 [email protected] More about Luke →