Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cedar Park Office Space Available Title is generated by Realmo AI

    1603 Medical Pkwy, Cedar Park, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space near FM 1431, 1890 Ranch shopping center.

    Type:OFFICE
    Property size:
    2,666 SF
    Lot size:
    1.32 Acres
    Added:
    Oct 23, 2025
    Days on Market:
    206
    Last Refresh:
    Apr 5 at 9:22 pm

    Property Features for 1603 Medical Pkwy

    General Information

    Standard status
    Active
    Size
    2,666 SF
    Lot size
    1.32 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1603 Medical Pkwy Contact us

    We can help!

    Listing Contact
    Alyssa Stevens
    Alyssa Stevens

    Listing agent Alyssa Stevens

    Listing office North Forest Office - Austin

    Listing date Oct 23, 2025

    Source Moodyscre

    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 North Forest Office - Austin

    HighLights

    • Prime location just off FM 1431.
    • Minutes from 1890 Ranch shopping center.
    • Close proximity to Cedar Park Regional Medical Center.
    • Easy access to 183A.
    • Convenient access to I‑35.
    • Near retail and dining options at 1890 Ranch and Lakeline Center.

    Overview

    Located just off FM 1431, this office space is situated minutes from the 1890 Ranch shopping center and Cedar Park Regional Medical Center. The location provides convenient access to 183A and I-35. Shopping at 1890 Ranch Shopping Center and Lakeline Center offers a variety of retail and dining options. The property offers 2666 square feet of office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elizabeth Calvin, MD ... Physician Cook Hearing & Balance Hearing Aid Store Behavioral Innovations Medical Clinic Christopher Biehl Physician Nicole Griffith, LPC, ... Counselor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Dental Office Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Park
    County
    Williamson
    State
    Texas
    Longitude
    -97.8052
    Latitude
    30.5314

    Nearby Similar for Lease

    • $17 SF/Yr
      7,396 SF

      Cedar Park Industrial/Flex Space

      7,396 SF industrial/flex space available for lease.
      2000 Windy Ter 8, Cedar Park, TX 78613
      View Details
    • $24 SF/Yr
      2,000 SF

      Professionally Designed Cedar Park Office

      Turnkey office suite in a prime Cedar Park location.
      1464 E Whitestone Blvd 1903 & 1904, Cedar Park, TX 78613
      View Details
    • $2,500/Mo

      Cedar Park Office Suite Rental

      Conveniently located office suite in the heart of Cedar Park.
      2051 Cypress Creek Rd, Cedar Park, TX 78613
      View Details
    • $5,964/Mo

      Modern Office Suite in Cedar Park

      Open-concept office suite in Cedar Park's thriving commercial corridor.
      1011 Wilson Ranch Pl 102, Cedar Park, TX 78613
      View Details
    • $1,650/Mo

      Cedar Park Class B Office

      Class B office space available for rent in Cedar Park.
      201 S Lakeline Blvd 102, Cedar Park, TX 78613
      View Details
    • $15 SF/Yr
      19,120 SF

      Cedar Park Industrial Space Available

      Light industrial park with flexible units for commercial or residential services.
      1001 Doris Lane, Cedar Park, TX 78613
      View Details
    • $28 SF/Yr
      3,800 SF

      Retail Space in Cedar Park

      3,800 SF retail space available in high-traffic Cedar Park.
      2100 Cypress Creek Rd, Cedar Park, TX
      View Details
    • Contact for pricing
      35,703 SF

      Retail Space Near Wal-Mart

      Retail space available in fast-growing Cedar Park suburb.
      202 WALTON WAY, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      34,400 SF

      Retail and Office Development Space

      New retail and office spaces available in high-growth area.
      406 W WHITESTONE BLVD., Cedar Park, TX 78613
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space on FM 1431

      Highly visible retail space with frontage on FM 1431.
      700 E WHITESTONE BLVD, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      35,168 SF

      Move-In Ready Medical Office Space

      Medical office space with on-site urgent care and surgery center.
      351 Cypress Creek Road Cedar, Park, TX 78613
      View Details
    • Contact for pricing
      86,000 SF

      Medical Office Building Near Hospital

      Class A medical office with direct hospital access.
      1401 Medical Parkway, Building C Cedar Park, TX 78613
      View Details

    FAQs

    What type of property is this?
    Office units - Office space near FM 1431, 1890 Ranch shopping center.
    Where is this office units located?
    The property is located at 1603 Medical Pkwy Cedar Park, TX.
    What is the lease rate?
    The lease rate is $8,608 /Mo.
    What are key features of this property?
    This property features: Prime location just off FM 1431.; Minutes from 1890 Ranch shopping center.; Close proximity to Cedar Park Regional Medical Center.
    (512) 515-1553 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alyssa Stevens
    Alyssa Stevens
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1603 Medical Pkwy, Cedar Park, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!