General Business Zoned Commercial
222 E New Hope Dr Cedar Park, TX 78613
222 E New Hope Dr, Cedar Park, TX, 78613
$900,000
For Sale
$900,000
Commercial land offered for sale, zoned General Business (GB) and positioned for a range of commercial and medical uses.
Property Size1,338 SF
Price / SF$672.65
Days on Market45
Property Features for 222 E New Hope Dr
General Information
- Standard status
- Active
- Size
- 1,338 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1961
Listing agency
Pure Realty
(512) 514-3354
Listed by
Roland Castillo · License #0529378
(512) 514-3354
Source
Xome
Added: Jun 9 Updated: Jul 22 at 10:38AM Checked: Jul 23 at 3:26AM
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 Pure Realty
Investment Insights
Based on property information with market context.
222 E New Hope Dr is a for-sale commercial land opportunity zoned General Business (GB). The site offers flexibility for development or an owner-user concept with a broad set of potential use types described for retail or service-oriented development, medical or dental offices, professional office space, restaurants, daycare facilities, fitness and wellness centers, automotive service businesses, convenience retail, and mixed-use projects, among other possibilities.
The property is conveniently located near US-183 and several major growth corridors, with access also referenced to Hero Way and Ronald Reagan Blvd. The surrounding area includes new residential communities, retail centers, medical facilities, multifamily projects, and expanding commercial services.
For buyers and developers seeking a GB-zoned site with a variety of contemplated commercial formats, this address provides an immediately usable framework for neighborhood-serving development in the Cedar Park/Leander market corridor.
The property is conveniently located near US-183 and several major growth corridors, with access also referenced to Hero Way and Ronald Reagan Blvd. The surrounding area includes new residential communities, retail centers, medical facilities, multifamily projects, and expanding commercial services.
For buyers and developers seeking a GB-zoned site with a variety of contemplated commercial formats, this address provides an immediately usable framework for neighborhood-serving development in the Cedar Park/Leander market corridor.
Key Highlights
- Zoned General Business (GB) for a range of commercial uses.
- Located near US‑183, Hero Way, and Ronald Reagan Blvd with access to major growth corridors.
- Year built: 1961.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.2k | $42.00 |
| − Vacancy | −$13.7k | −$10.21 |
| EGI | $42.5k | $31.79 |
| − OpEx | −$10.6k | −$7.95 |
| NOI | $31.9k | $23.85 |
1,338 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$455.8K
$398.8K – $531.8K
NOI $31,905 @ 7.0% cap · market cap 3.55%
Second Best
Healthcare Medical
$346.8K
$303.5K – $404.6K
NOI $24,277 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$559.3K
$489.4K – $652.5K
NOI $39,152 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Commercial land offered for sale, zoned General Business (GB) and positioned for a range of commercial and medical uses.
Where is this commercial land located?
The property is located at 222 E New Hope Dr Cedar Park, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Zoned General Business (GB) for a range of commercial uses.; Located near US‑183, Hero Way, and Ronald Reagan Blvd with access to major growth corridors.; Year built: 1961.
