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

    2940 Woodall Dr Cedar Park, TX 78613

    • Flex space
    • 4.47 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6194243
    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

    • Flex space

    Property Details for 2940 Woodall Dr

    Lot size
    4.47 lot acres
    Property type
    Flex space
    Property subtype
    Distribution centers

    Description

    This exceptional 4.466-acre site in Cedar Park, Texas, presents a prime development opportunity. Located at 2940 Woodall Drive, this property boasts a highly visible location at the intersection of FM 1431 and Woodall Drive, offering excellent access and exposure. The land is zoned HC (Heavy Commercial), allowing for a wide range of industrial uses. Pre-existing plans, though with expired permits (2022), are available for a 64,024 square foot (including mezzanine) flex/office-warehouse project consisting of approximately 20 units. These plans provide a solid foundation for a swift development process, minimizing upfront planning time and costs. The property's proximity to the Shops at New Hope retail center and Quick Trip further enhances its appeal and potential for attracting tenants. Utilities are readily available near the site. This location within the Austin MSA offers significant advantages for investors and developers seeking a high-growth market with strong demand for industrial space. The site's size and zoning make it ideal for a variety of development scenarios, presenting a compelling investment opportunity in a thriving Texas market. The property is vacant and ready for immediate development. Travis County location and 78613 zip code.

    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 Park
    County
    Travis
    State
    Texas
    Longitude
    -97.874063878747
    Latitude
    30.514647928669

    Comparable in this City

    • $2,270,000
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      Cedar Park Flex Space & Home

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      1612 Shenandoah Dr, Cedar Park, TX 78613
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      12,080 SF

      2010 Windy Ter

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      2010 Windy Ter, Cedar Park, TX 78613
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      3,000 SF

      Cedar Park Flex Space Available

      3,000 SF Office/Warehouse - Sale or Lease
      2000 Windy Terrace, Building 12, Unit 12A, Cedar Park, TX 78613
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      6,040 SF

      Cedar Park Flex Space Opportunity

      6,040 SF Office/Warehouse - Ideal Location
      2010 Windy Terrace, Cedar Park, TX 78613
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      8,066 SF

      Cedar Park Flex Industrial Space

      Flex industrial space for sale in Cedar Park, Texas.
      3500 W Whitestone Blvd, Cedar Park, TX 78613
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      7,017 SF

      New Flex Development Opportunity

      Shovel-ready flex development with Class A finishes and high ceilings.
      3400 W Whitestone Blvd, Cedar Park, TX 78613
      View Details

    Similar Nearby for Sale

    • $2,270,000
      5,000 SF

      Cedar Park Flex Space & Home

      Mixed-use property, ideal owner-user
      1612 Shenandoah Dr, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      12,080 SF

      2010 Windy Ter

      Distribution properties • 12,080 SF
      2010 Windy Ter, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      3,000 SF

      Cedar Park Flex Space Available

      3,000 SF Office/Warehouse - Sale or Lease
      2000 Windy Terrace, Building 12, Unit 12A, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      6,040 SF

      Cedar Park Flex Space Opportunity

      6,040 SF Office/Warehouse - Ideal Location
      2010 Windy Terrace, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      8,066 SF

      Cedar Park Flex Industrial Space

      Flex industrial space for sale in Cedar Park, Texas.
      3500 W Whitestone Blvd, Cedar Park, TX 78613
      View Details
    • Contact for pricing
      7,017 SF

      New Flex Development Opportunity

      Shovel-ready flex development with Class A finishes and high ceilings.
      3400 W Whitestone Blvd, Cedar Park, TX 78613
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
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      1900 Hur Industrial: Cedar Park Flex Space

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      1900 Hur Industrial Blvd, Cedar Park, TX 78613
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      5,045 SF

      Cedar Park Warehouse Spaces Available

      Modern warehouse units, 1340-2680 sq ft.
      500 Brushy Creek Rd, Cedar Park, TX 78613
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    • $18 SF/Yr
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      Cedar Park Commercial Space For Lease

      10,000 SF Office/Warehouse, Great Location
      2020 Bell Blvd, Cedar Park, TX 78613
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    • $21 SF/Yr
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      Discovery Business Park: Cedar Park Offices

      7 Suites Available, 500-2600 sq ft
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    • $18 SF/Yr
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      Cedar Park Flex Space Available

      Modern 2,000 SF Flex Space in Prime Location
      2000 Windy Terrace, Building 2, Unit 2B, Cedar Park, TX 78613
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    • $19 SF/Yr
      5,000 SF

      Prime Cedar Park Flex Space

      Versatile office/warehouse, ideal location.
      2001 Windy Terrace, Suite B&C, Cedar Park, TX 78613
      View Details
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    2940 Woodall Dr
    Cedar Park, TX 78613
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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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