Multi-Tenant Office
For Sale
$1,850,000
10521 Parmer Ln, Cedar Park, TX 78613
Two-level commercial layout includes a renovated dental suite and space for additional professional occupancy.
Property Size4,036 SF
Lot Size0.45 Acres
Price / SF$458.37
Days on Market113
Property Features for 10521 Parmer Ln
General Information
Standard status
Active
Size
4,036 SF
Lot size
0.45 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
No
Taxes and HOA fees
Annual Taxes
$3,882
Building Details
Building Size
4,036 SF
Buildings
1
Tenancy
Multi
Listing Agency:
Realty Executives Town & Cntry
(512) 745-7777
Listed By:
Roman Esparza · License #0481820
(512) 745-7777
Source:
Elliman
Added: May 10
Changed: Aug 29
Last Checked: Aug 29 at 5:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives Town & Cntry
Investment Insights
Based on property information with market context.
This approximately 4,036-square-foot office property occupies ~0.45 acres and features a multi-tenant configuration with ground-floor and upper-level space. Recent improvements include an approximately 2,030 sq ft dental office suite, providing a modern example of the building’s office and medical build-out capacity.
The property is located at 10521 Parmer Ln in Cedar Park’s Avery Ranch area, behind McDonald’s and near the Parmer Lane and Avery Ranch Blvd intersection. Access to US 183, 45 Toll, and I-35 connects the site with surrounding employment, residential, retail, dining, park, and recreational areas. Nearby amenities also include schools and restaurants.
The property is located at 10521 Parmer Ln in Cedar Park’s Avery Ranch area, behind McDonald’s and near the Parmer Lane and Avery Ranch Blvd intersection. Access to US 183, 45 Toll, and I-35 connects the site with surrounding employment, residential, retail, dining, park, and recreational areas. Nearby amenities also include schools and restaurants.
Key Highlights
- Approximately 4,036 sq ft office property on ~0.45 acres
- Multi‑tenant building with ground‑floor and upper‑level space
- Approximately 2,030 sq ft renovated dental office suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,240
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,924,800
$1.9M
Cap Rate 7%
$1,374,857
$1.4M
Cap Rate 9%
$1,069,333
$1.1M
Market Conditions
NOI Build-Up for 4,036 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$169.5K $42.00/SF
− Vacancy
−$41.2K −$10.21/SF
EGI
$128.3K $31.79/SF
− OpEx
−$32.1K −$7.95/SF
NOI
$96.2K $23.85/SF
Area
Williamson County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,924,800
Cap Rate 7%
$1,374,857
Cap Rate 9%
$1,069,333
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $96,240 @ 7.0% cap · market cap 5.20%
Second Best
Healthcare Medical
$1.05M
$915.4K – $1.22M
NOI $73,229 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,100 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Explore this area
Business Placement
Demographics for 78613, TX
89,279
Population
34,198
Households
2.6
Avg Household Size
36
Median Age
55%
College-Educated
97%
High-School Grad
27.7 sq mi
ZIP Area
3,223
Density / Sq Mi
$120,829
Median Household Income
$61,782
Median Earnings
$1,733
Median Rent
$461,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-level commercial layout includes a renovated dental suite and space for additional professional occupancy.
Where is this office units located?
The property is located at 10521 Parmer Ln Cedar Park, TX.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Approximately 4,036 sq ft office property on ~0.45 acres; Multi‑tenant building with ground‑floor and upper‑level space; Approximately 2,030 sq ft renovated dental office suite
