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    715 Discovery Blvd Cedar Park, TX 78613

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    Flexible commercial space with tenant-controlled utilities in Cedar Park.

    Type:Retail, Office, Industrial
    Added:
    Jun 1, 2022
    Days on Market:
    1414
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 715 Discovery Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Industrial

    Spaces For Lease

    at 715 Discovery Blvd Contact us

    Suite #409 $22 /Mo

    Size
    1,200 SF
    Type
    Retail, Office, Industrial
    This private flex space is located in building 4 suite #409. Available 01/01/2026....
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    #501 $22 /Mo

    Size
    1,452 SF
    Type
    Retail, Office
    This private office is an end-cap suite located in building 5. It features an open...
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    Contact us

    #117 $21 /Mo

    Size
    4,800 SF
    Type
    Retail, Office
    A church group previously occupied this private office and would work great for another...
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    Contact us

    #301 $21 /Mo

    Size
    4,139 SF
    Type
    Retail, Office
    General Office, Available August 1st, 2025, Open Reception, 9 Private Offices, 1...
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    #111 $22 /Mo

    Size
    1,400 SF
    Type
    Retail, Office
    This private office suite is located in building 1. The layout features an open...
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    Contact us

    Suite #109 $21 /Mo

    Size
    2,800 SF
    Type
    Office
    General Office, Available Now, Open Reception & Custom Reception Desk, 1 Conference...
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    Contact us

    Suite #312 $21 /Mo

    Size
    2,381 SF
    Type
    Office
    Coming Soon May 1st, 2025, Open Reception, 5 Private Offices, 1 Conference Room,...
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    Contact us

    Suite #410 $22 /Mo

    Size
    1,947 SF
    Type
    Office
    General Office, Available Now, Building 4, Suite #410, Open Reception Room, 1 Conference...
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    Contact us
    Show more

    We can help!

    Listing Contact
    Thomas Heaton

    Listing agent Thomas Heaton License #TX 170110

    Listing office Thomas C. Heaton & Company

    Listing date Jun 1, 2022

    Source Crexi

    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 Thomas C. Heaton & Company

    Overview

    Cedar Park Commercial Space Available

    This commercial space is located in the heart of Cedar Park, offering easy access to Whitstone Blvd and the 183 A Tollway. The property features tenant-controlled utilities and a tenant-operated HVAC system, allowing for 24/7 operation with no set hours. Exterior building and window signage is optional. The location provides a campus setting with plentiful drive-up parking and exterior lighting during all sun-down hours. The property is suitable for flex space, industrial, retail, and office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Select Physical Therapy Veterinary Clinic Blue Haven Pools ... General Contractor ViaGen Pets and Equine Corporate Office Spry Distributing, LLC Computer Service Complete Book & Media ... (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Sibil's Ribs-N-More — Mailing Address Only, 500 E Whitestone Blvd #1416, Cedar Park, TX 78613
    • Basilflower — 206 Tulip Trail Bend, Cedar Park, TX 78613

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Park
    County
    Williamson
    State
    Texas
    Longitude
    -97.8212742
    Latitude
    30.5201651

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      Cedar Park Industrial Space Available

      Light industrial park with flexible units for commercial or residential services.
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      Retail Space Near Wal-Mart

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      Retail and Office Development Space

      New retail and office spaces available in high-growth area.
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      Cedar Park Office Space Available

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      Retail Space on FM 1431

      Highly visible retail space with frontage on FM 1431.
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      Retail Space in Cedar Park

      3,800 SF retail space available in high-traffic Cedar Park.
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      Retail Space Near Major Retailers

      Retail space with excellent visibility and accessibility near major retailers.
      1625 N BELL BLVD., Cedar Park, TX 78613
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    • $19/mo

      2,500 - 5,000 SF of Flex Office/Warehouse FOR LEASE

      Flexible office and warehouse space in Cedar Park, Texas.
      2001 Windy Terrace, Suite B&C, Cedar Park, TX 78613
      View Details
    • $28/mo

      1,520 SF of Retail/Office Space For Lease

      1,520 SF retail/office space in Cedar Park, Texas.
      821 W New Hope Dr, Suite 102, Cedar Park, TX 78613
      View Details
    • $16/mo

      2,281-7,914 SF Flex Office/Warehouse FOR LEASE

      New construction flex space in Cedar Park, 2,281-7,914 sq ft.
      1900 Hur Industrial Blvd, Cedar Park, TX 78613
      View Details
    • $26/mo

      850 SF of Office Space FOR LEASE

      Modern office suite with four offices, reception, and kitchenette.
      3000 Polar Ln, Unit 201, Cedar Park, TX 78613
      View Details

    FAQs

    What type of property is this?
    Flex space - Flexible commercial space with tenant-controlled utilities in Cedar Park.
    Where is this flex space located?
    The property is located at 715 Discovery Blvd Cedar Park, TX.
    What are key features of this property?
    This property features: Tenant controlled utilities for cost savings.; Tenant operated HVAC system 24/7, offering flexible climate control.; 24/7 exterior building and window signage optional.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Heaton
    Real Estate License ID: TX 170110
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    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
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