High-Traffic Retail Opportunity in
For Sale
Contact for pricing
Pending
3200 E Whitestone Blvd, Cedar Park, TX
Prime retail space with high visibility and flexible zoning.
Property Size4,024 SF
Lot Size1.03 Acres
Days on Market643
Property Features for 3200 E Whitestone Blvd
General Information
Standard status
Pending
Size
4,024 SF
Lot size
1.03 Acres
Property subtype
RETAIL
Listing Agency:
Deal Vision
(512) 906-6757
Listed By:
Jackson Steinle · License #783155
(512) 762-7569
Source:
Moodyscre
Added: Dec 3, 2024
Changed: Sep 2
Last Checked: Sep 6 at 10:49AM
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 Deal Vision
Investment Insights
Based on property information with market context.
The property at 3200 E Whitestone Blvd is strategically located at the intersection of E Whitestone Blvd and W Parmer Ln, which sees over 60,000 vehicles per day. The location offers high visibility and accessibility in a dynamic suburban community in Central Texas. The property, formerly built out for a bank or credit union, features a flexible open floorplan and is zoned for general business, allowing for many potential uses. The property is located near the 1890 Ranch retail center and across the street from the developing Arbor Park. It includes a curb cut on E Whitestone Blvd, access from W Parmer Ln, and a back entrance to a neighboring subdivision. On-site utilities include water, sewer, and electric. The property has a size of 4,024 square feet.
Key Highlights
- High‑traffic location at the intersection of E Whitestone Blvd and W Parmer Ln (+60,000 CPD).
- Exceptional visibility and accessibility.
- Flexible open floorplan with many allowable uses (Zoning: General Business).
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
$75,917
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
3.30%
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%
$1,518,340
$1.5M
Cap Rate 7%
$1,084,529
$1.1M
Cap Rate 9%
$843,522
$843.5K
Market Conditions
NOI Build-Up for 4,024 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
$104.8K $26.04/SF
− Vacancy
−$3.6K −$0.89/SF
EGI
$101.2K $25.15/SF
− OpEx
−$25.3K −$6.29/SF
NOI
$75.9K $18.87/SF
Area
Williamson County, TX
Vacancy
3.40%
Lease Rate
$26.04 /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%
$1,518,340
Cap Rate 7%
$1,084,529
Cap Rate 9%
$843,522
Alternative Uses
Best Use
Specialty Retail
$1.08M
$949.0K – $1.27M
NOI $75,917 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$1.01M
$885.7K – $1.18M
NOI $70,856 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,749 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
304k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Groceries 34%
Dining 17%
Shops & Services 13%
Walmart
Superstores
108,615 visits/mo
0.4 miles
H-E-B
Groceries
85,549 visits/mo
0.4 miles
Whataburger
Dining
27,117 visits/mo
0.5 miles
Spec's
Groceries
13,570 visits/mo
0.3 miles
H-E-B Fuel
Shops & Services
13,465 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Prime retail space with high visibility and flexible zoning.
Where is this bank located?
The property is located at 3200 E Whitestone Blvd Cedar Park, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of E Whitestone Blvd and W Parmer Ln (+60,000 CPD).; Exceptional visibility and accessibility.; Flexible open floorplan with many allowable uses (Zoning: General Business).
