Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1301 Medical Pkwy Cedar Park, TX 78613-2423

    • Commercial real estate
    • 72,489 SF
    • 8.99 lot acres
    OFF-MARKET
    Value Estimations
    $15,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0414266
    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

    • Pediatric Specialty Center / Medical Clinic
    • Dr. Aaron Cardon / Physician / Medical Clinic
    • Dell Children's - Endocrinology Cedar Park / Physician
    • Dell Children's - Pediatrics Cedar Park / Medical Clinic
    • Saraniya Sathiamoorthi, MD / Ophthalmologist

    Property Details for 1301 Medical Pkwy

    Year built
    2015
    Lot size
    8.99 lot acres
    Property size
    72,489 SF
    Property type
    Commercial real estate
    APN
    R-17-W339-9300-0000
    APU
    R17W33993000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $16,310,000
      6.5%
      $15,055,000
      7%
      $13,980,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $15,518,000
      Market price range: $5.27M - $23.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Park
    County
    Williamson
    State
    Texas
    Longitude
    -97.8153402
    Latitude
    30.5319074
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $6,269,670
    $21,916,947
    $28,186,617
    -
    $6,269,670
    $21,916,947
    $28,186,617

    Comparable in this City

    • Value Estimation by Request
      0.61 Acres

      918 Whitestone Blvd

      Land • 0.61 Acres
      918 Whitestone Blvd, Cedar Park, TX 78613
      View Details
    • Value Estimation by Request
      8.90 Acres

      Fm 1431 & Anderson Ml

      Land • 8.90 Acres
      0 Fm 1431 & Anderson Ml, Cedar Park, TX 78613
      View Details
    • Value Estimation by Request
      2.56 Acres

      1800 Clover Ln

      Land • 2.56 Acres
      1800 Clover Ln, Cedar Park, TX 78613
      View Details
    • Value Estimation by Request
      6.60 Acres

      13625 Ronald W Reagan Blvd

      COMMERCIAL (GENERAL) • 6.60 Acres
      13625 Ronald W Reagan Blvd, Cedar Park, TX 78613-2073
      View Details
    • Value Estimation by Request
      6.95 Acres

      1754 Bagdad Rd

      COMMERCIAL (GENERAL) • 6.95 Acres
      1754 Bagdad Rd, Cedar Park, TX 78613-6412
      View Details
    • Value Estimation by Request
      1.99 Acres

      1001 Cypress Crk Rd

      COMMERCIAL (GENERAL) • 1.99 Acres
      1001 Cypress Crk Rd, Cedar Park, TX 78613-4466
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.75 Acres

      Cedar Park Commercial Land for Sale

      High-visibility pad sites, ideal for retail/office.
      0 Us-183, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      0.61 Acres

      Cedar Park Commercial Land Investment

      Prime Commercial Land, High-Growth Area
      918 Whitestone Blvd, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      25.91 Acres

      Prime Cedar Park Commercial Land

      25.91 Acres, General Retail Zoning
      1199 Fire Ln Cedar Park, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      8.90 Acres

      Cedar Park Commercial Land Tract 1

      8.9 Acres, LI Zoning, Prime Location
      0 Fm 1431 & Anderson Ml, Cedar Park, TX 78613
      View Details
    • $1,337,118
      2.56 Acres

      Prime Cedar Park Commercial Land

      2.558 Acres, Zoned GB, Near Splash Shack
      1800 Clover Ln, Cedar Park, TX 78613
      View Details
    • $999,950
      1.06 Acres

      Cedar Park Commercial Land - 1 Acre

      Prime 1.06-acre commercial lot in Cedar Park, TX.
      2020 Bagdad Rd, Cedar Park, TX 78613
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      10,000 SF

      Cedar Park Commercial Space For Lease

      10,000 SF Office/Warehouse, Great Location
      2020 Bell Blvd, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      8,000 SF

      PLAZA 804: Modern Office & Retail Space

      8,000 SF Multi-Use Building, 2024 Construction
      430 Bell Blvd, Cedar Park, TX 78613
      View Details
    • $28 SF/Yr
      3,800 SF

      Clover Plaza Retail Space For Lease

      Cedar Park, TX Retail Opportunity
      700 New Hope Dr, Cedar Park, TX 78613
      View Details
    • $35 SF/Yr
      29,865 SF

      Velsa Ranch Retail Center

      Cedar Park Shopping Center - Space Available
      12301 Parmer Ln, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      6,040 SF

      Cedar Park Flex Space Available

      6,040 SF Office/Warehouse; Sale/Lease
      2010 Windy Terrace, Cedar Park, TX 78613
      View Details
    • $35 SF/Yr
      682 SF

      Cedar Park Office/Retail Suite

      Office/retail suite in Cedar Park near Highway 183.
      1130 Cottonwood Creek Trl, Cedar Park, TX 78613
      View Details
    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.
    1301 Medical Pkwy
    Cedar Park, TX 78613-2423
    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

    Google sign-in failed. Please try again or use another login method.