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$1,250,000

8750 Fm 2243, Leander, TX, 78641

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,516 Sq Ft
OtherOther
Year BuiltBuilt in 1978

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesPrivate Yard
Lot Size14.76 acres

Building Information

Year Built1978
Stories1

Land Information

APNR-17-W000-6000-0038-A004
Land UseResidential
Legal DescriptionAW0006 AW0006 - HARMON, E. D. SUR., ACRES 14.757
Census Tract020340
Assessment Year2025

About this property

Unique 8.836-acre Heavy Commercial opportunity in the growing Leander market. This property offers a rare combination of commercially zoned acreage, existing improvements and a distinctive Hill Country setting just minutes from Leander's expanding residential and commercial development. The property is zoned Heavy Commercial, providing flexibility for a variety of potential commercial, investment and owner-user applications. Existing improvements include a 2,516 SF, 3-bedroom, 2.5-bath residence, approximately 2,000 SF barn, additional outbuilding and swimming pool. A large, beautiful stocked pond provides a unique setting, and the property is currently utilized for residential and cattle use. With an existing residence, barn and supporting improvements already in place, the property may be particularly attractive to an owner-user, contractor, investor or business seeking acreage with existing infrastructure and future commercial potential. Heavy Commercial zoning provides opportunities for uses such as warehouse/distribution, contractor operations, commercial storage, light manufacturing/assembly and other commercial uses, subject to City of Leander approval and applicable development standards. The property is currently served by private well, septic and electricity. Located along the growing FM 2243 corridor, this tract offers buyers the opportunity to acquire commercially zoned acreage while retaining the flexibility of the property's existing improvements and interim use. Excellent opportunity to own Heavy Commercial land in Leander with existing improvements, acreage and long-term redevelopment potential. Buyer to independently verify zoning, permitted uses, utility capacity, access and development requirements with the City of Leander. All information is deemed reliable. Buyer to verify all information.

Investor Tools

$4,980,587Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

Interested in this property?

Robert Fischer

Keller Williams Realty Lone Star

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$988/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,038
$443,414
2025
N/A
N/A
$1,277,352
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,038
$443,414

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Extraco Banks Na
Purchase Money Mortgage
$5,550,000
No
First
Apr 15, 2021
Apr 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$4,980,587
N/A
0%
885%
$33,276/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,500/mo
$33,276/mo
$-30,776/mo
5.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Leander

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8750 Fm 2243 | Property Details | No Agent List