Corner Retail Units in New
For Sale
Contact for pricing
610 Brashear Lane, Cedar Park, TX 78613
Three retail units with strong access and corner visibility in a new mixed-use development.
Property Size3,294 SF
Price / SF$330
Days on Market103
Property Features for 610 Brashear Lane
General Information
Standard status
Active
Size
3,294 SF
Class
A
Property subtype
Retail, Office
Zoning
C
Lease Type
NNN
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Fullcircle Real Estate
Listed By:
C. Kyle Bryant · License #797018
Source:
Crexi
Added: May 28
Changed: Aug 31
Last Checked: Sep 7 at 7:06AM
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 Fullcircle Real Estate
Investment Insights
Based on property information with market context.
This offering includes retail units 101 through 103 in a brand-new building within Hallmark Office Park. The space is presented as flexible for tenants, with the ability to operate as a single tenancy or combine units for a larger footprint. As described, the units are ready for custom build-out, giving new operators the opportunity to shape the interior for their specific retail concept.
The property sits on a highly visible corner at the intersection of Bagdad Road and Brashear Lane. The layout is positioned for convenient customer access, with strong ingress and egress intended to support straightforward arrival and departure.
For buyers and retailers looking for adaptable storefront space, units 101–103 can work for a range of small- to mid-size concepts, including those that may need adjacent space for broader merchandising or service requirements. Its corner location within a mixed-use development is designed to capture customer traffic from surrounding residential areas and nearby commercial activity referenced in the remarks, including major new developments such as the Nebraska Furniture Mart and Bell District. For more information or to schedule a private tour, contact the listing agent.
The property sits on a highly visible corner at the intersection of Bagdad Road and Brashear Lane. The layout is positioned for convenient customer access, with strong ingress and egress intended to support straightforward arrival and departure.
For buyers and retailers looking for adaptable storefront space, units 101–103 can work for a range of small- to mid-size concepts, including those that may need adjacent space for broader merchandising or service requirements. Its corner location within a mixed-use development is designed to capture customer traffic from surrounding residential areas and nearby commercial activity referenced in the remarks, including major new developments such as the Nebraska Furniture Mart and Bell District. For more information or to schedule a private tour, contact the listing agent.
Key Highlights
- Year built 2025: new retail space within a mixed‑use development in Cedar Park
- Corner location at Bagdad Road and Brashear Lane with strong ingress and egress for customers
- Units 101‑103 available for lease, suited for single tenancy or combining for a larger footprint
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
$58,002
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
5.34%
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%
$1,160,040
$1.2M
Cap Rate 7%
$828,600
$828.6K
Cap Rate 9%
$644,467
$644.5K
Market Conditions
NOI Build-Up for 3,294 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
$85.8K $26.04/SF
− Vacancy
−$2.9K −$0.89/SF
EGI
$82.9K $25.15/SF
− OpEx
−$24.9K −$7.55/SF
NOI
$58.0K $17.61/SF
Area
Williamson County, TX
Vacancy
3.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,160,040
Cap Rate 7%
$828,600
Cap Rate 9%
$644,467
Alternative Uses
Best Use
Retail
$828.6K
$725.0K – $966.7K
NOI $58,002 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,388 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
175k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 66%
Dining 26%
Shops & Services 8%
Walmart
Superstores
115,307 visits/mo
0.5 miles
P. Terry's Burger Stand
Dining
16,669 visits/mo
0.5 miles
Starbucks
Dining
15,107 visits/mo
0.4 miles
HTeaO
Dining
13,350 visits/mo
0.4 miles
7-Eleven
Shops & Services
10,024 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Three retail units with strong access and corner visibility in a new mixed-use development.
Where is this storefront property located?
The property is located at 610 Brashear Lane Cedar Park, TX.
What is the asking price?
The asking price for this property is $1,087,020.
What are key features of this property?
This property features: Year built 2025: new retail space within a mixed‑use development in Cedar Park; Corner location at Bagdad Road and Brashear Lane with strong ingress and egress for customers; Units 101‑103 available for lease, suited for single tenancy or combining for a larger footprint
