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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1612 State Highway 71 Cedar Creek, TX 78612

    • Commercial real estate
    • 750 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6332066
    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 1612 State Highway 71

    Property size
    750 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial land opportunity in Cedar Creek, Texas, presents a versatile investment. Located on Highway 71, the property offers flexible terms and immediate occupancy. The site includes a 750-square-foot garage providing ample storage space. Available acreage ranges from one to approximately nine contiguous acres, adaptable to various commercial uses. The property will be secured with a four-foot fence and gate, ideal for lay-down yards, rig yards, parking, storage, or supply depots. The gently sloping land boasts convenient Highway 71 frontage, ensuring high visibility and accessibility. Essential utilities, including water and electricity, are readily available. Situated in Bastrop County, with a 78612 zip code, this property offers a strategic location for businesses seeking a prominent presence along a major thoroughfare. The address is 1612 State Hwy 71, Cedar Creek, TX. This single-tenant property is ready for immediate development, making it an attractive option for entrepreneurs and investors alike. The property is classified as commercial land with a single tenancy.

    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
    -97.4395298
    Latitude
    30.1273932

    Comparable in this City

    • $1,000 /Mo

      2 Acres Commercial Land Available

      2 acres of commercial land for rent in Cedar Creek.
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    • $2,395 /Mo

      2.12 Acres Land For Rent

      2.12 acres of land for rent near Highway 71.
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    • $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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    • $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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    • $2,300 /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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    • $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

    Similar Nearby for Sale

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      Land For Sale

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      4.54 Acres

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      Land in Cedar Creek, TX

      4-acre property perfect for building or investment in Cedar Creek.
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      53.02 Acres

      53 Acres with Highway Frontage

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    Similar Nearby for Lease

    • $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
      View Details
    • $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
      View Details
    • $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
      View Details
    • $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
      View Details
    • $3,000 /Mo

      Mixed-Use Property Near Circuit

      Mixed-use property for lease or sale near Circuit of Americas.
      336 Jones 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
      View Details
    Request Owner's contact information
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    1612 State Highway 71
    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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