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    Property profile & analytics

    535 Union Chapel Rd Cedar Creek, TX 78612

    • Commercial real estate
    • 9.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6060208
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 535 Union Chapel Rd

    Lot size
    9.18 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 9.182-acre industrial land parcel in Cedar Creek, Texas, presents a unique investment opportunity. Located at 535 Union Chapel Road, this property boasts excellent access to TX Highway 71 via the service road. The site comprises two parcels: Lot 5 (Tract 1) and Lot 6 (Tract 2), each measuring 4.591 acres. Lot 5 includes an existing 3,400 square foot industrial warehouse, a residential home, and three manufactured homes. The adjacent Lot 6 is unimproved but benefits from on-site electricity and access to water. Utilities such as water and electricity are available on-site, along with septic. The property offers a substantial 400 feet of frontage on Union Chapel Road/Highway 71, providing significant visibility and accessibility. The land is priced at $9 per square foot, totaling $3,599,711. This property is ideal for industrial development or storage solutions, offering a blend of existing structures and developable land in a strategic location. The zoning is not currently specified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Creek
    County
    Bastrop
    State
    Texas
    Longitude
    -97.4517849
    Latitude
    30.1311971

    Comparable in this City

    • $2,999,000

      Commercial Property Near Highway 71

      Commercial property on 5+ acres, near Highway 71.
      121 James Hoskins Ln, Cedar Creek, TX 78612
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    • $1,630,464
      4.54 Acres

      Lost Pines Commercial Land - Hwy 71 Frontage

      4.54 Acres, High-Traffic Location, Development Potential
      753 Union Chapel Rd, Cedar Creek, TX 78612
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    • $435,000
      8.47 Acres

      Secluded Texas Land For Sale

      8+ acres in Cedar Creek, TX, ready for development.
      124 Valley Creek Dr, Cedar Creek, TX 78612
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    • $5,500,000
      53.02 Acres

      53 Acres with Highway Frontage

      Prime land with commercial potential and highway visibility.
      St Hwy 21 W, Cedar Creek, TX 78612
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    • $350,000

      Land in Cedar Creek, TX

      4-acre property perfect for building or investment in Cedar Creek.
      279 Earl Callahan Rd, Cedar Creek, TX 78612
      View Details
    • $575,000

      Unrestricted Land with Utilities

      5.58-acre property with utilities, ready for development.
      267 Linam Ln, Cedar Creek, TX 78612
      View Details

    Similar Nearby for Sale

    • $2,999,000

      Commercial Property Near Highway 71

      Commercial property on 5+ acres, near Highway 71.
      121 James Hoskins Ln, Cedar Creek, TX 78612
      View Details
    • $1,630,464
      4.54 Acres

      Lost Pines Commercial Land - Hwy 71 Frontage

      4.54 Acres, High-Traffic Location, Development Potential
      753 Union Chapel Rd, Cedar Creek, TX 78612
      View Details
    • $435,000
      8.47 Acres

      Secluded Texas Land For Sale

      8+ acres in Cedar Creek, TX, ready for development.
      124 Valley Creek Dr, Cedar Creek, TX 78612
      View Details
    • $5,500,000
      53.02 Acres

      53 Acres with Highway Frontage

      Prime land with commercial potential and highway visibility.
      St Hwy 21 W, Cedar Creek, TX 78612
      View Details
    • $350,000

      Land in Cedar Creek, TX

      4-acre property perfect for building or investment in Cedar Creek.
      279 Earl Callahan Rd, Cedar Creek, TX 78612
      View Details
    • $575,000

      Unrestricted Land with Utilities

      5.58-acre property with utilities, ready for development.
      267 Linam Ln, Cedar Creek, TX 78612
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Warehouse with Office and Dock

      Warehouse space featuring offices, loading dock, and convenient location.
      123 High Grove Rd, Cedar Creek, TX 78612
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    • $2,300 /Mo

      Warehouse with Large Yard

      Warehouse featuring a large yard and multiple garages for rent.
      144 Old Bastrop Rd, Cedar Creek, TX 78612
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    • $1,000 /Mo

      2 Acres Commercial Land Available

      2 acres of commercial land for rent in Cedar Creek.
      1 State Highway 21, Cedar Creek, TX 78612
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    • $2,395 /Mo

      2.12 Acres Land For Rent

      2.12 acres of land for rent near Highway 71.
      5307 Tucker Hill Ln, Cedar Creek, TX 78612
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    • $1,295 /Mo

      Gated Office with Residential Features

      Office space with kitchen, living area, and bathroom amenities.
      5213 Tucker Hill Ln, Cedar Creek, TX 78612
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    • $2,500 /Mo

      Office Space Available For Rent

      Office space available for rent.
      1619 State Hwy 71 Fwy W, Cedar Creek, TX 78612
      View Details
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    535 Union Chapel Rd
    Cedar Creek, TX 78612
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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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