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

    703 Cypress Crk Rd Cedar Park, TX 78613-4414

    • Industrial properties
    • 15,839 SF
    • 1.41 lot acres
    OFF-MARKET
    Last Sale
    Sep 28, 2021
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2896700
    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

    • TNT Sales / Business To Business Service
    • Flame Technologies / Industrial Manufacturer / Production Facility
    • HydroMist / Industrial Manufacturer / Production Facility

    Property Details for 703 Cypress Crk Rd

    Year built
    1996
    Lot size
    1.41 lot acres
    Property size
    15,839 SF
    Property type
    Industrial properties
    APN
    R-17-W311-4A00-0002-0008
    APU
    R17W3114A0000020008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $536,000
      Market price range: $537k - $1.05M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $765,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Park
    County
    Williamson
    State
    Texas
    Longitude
    -97.8256
    Latitude
    30.4957
    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
    $33,429
    $483,777
    $1,211,622
    $1,695,399
    -
    $483,777
    $1,211,622
    $1,695,399

    Comparable in this City

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      1920 Whitestone Blvd

      INDUSTRIAL (GENERAL) • 122,701 SF
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      View Details
    • Value Estimation
      $840,000
      22,800 SF

      1800 Bell Blvd

      INDUSTRIAL (GENERAL) • 22,800 SF
      1800 Bell Blvd, Cedar Park, TX 78613-6484
      View Details
    • Value Estimation by Request
      5,728 SF

      12112 Anderson Ml Rd, Unit 4

      INDUSTRIAL (GENERAL) • 5,728 SF
      12112 Anderson Ml Rd, Cedar Park, TX 78613-1180
      View Details
    • Value Estimation by Request
      0.82 Acres

      1585-1599 Cedar Park Dr. & Northlakeline Rd

      Land • 0.82 Acres
      1585-1599 Cedar Park Dr. & Northlakeline Rd, Cedar Park, TX 78613
      View Details
    • Value Estimation
      $1,375,000
      44,716 SF

      16100 Anderson Ml Rd

      INDUSTRIAL (GENERAL) • 44,716 SF
      16100 Anderson Ml Rd, Cedar Park, TX 78613
      View Details
    • Value Estimation
      $705,000
      11,085 SF

      1700 Bell Blvd

      INDUSTRIAL (GENERAL) • 11,085 SF
      1700 Bell Blvd, Cedar Park, TX 78613-6483
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,080 SF

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    • $2,270,000
      5,000 SF

      Cedar Park Flex Space & Home

      Mixed-use property, ideal owner-user
      1612 Shenandoah Dr, Cedar Park, TX 78613
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      0.82 Acres

      Lakeline Village Industrial Land

      Cedar Park, TX Industrial Land for Sale
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      Cedar Park Industrial Property

      Industrial property for sale in Cedar Park, Texas.
      1120 Toro Grande Blvd, Cedar Park, TX 78613
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    • $1,695,000
      1.94 Acres

      Cedar Park Commercial Land

      1.94 Acres, Prime Location, High Visibility
      2460 Whitestone Blvd, Cedar Park, TX 78613
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    • 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

    Similar Nearby for Lease

    • $18 SF/Yr
      2,000 SF

      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.
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      View Details
    • $21 SF/Yr
      10,800 SF

      Discovery Business Park: Cedar Park Offices

      7 Suites Available, 500-2600 sq ft
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      64,480 SF

      La Jaita Business Park: Cedar Park Offices

      Modern Cedar Park office space, flexible suites available.
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    • $15 SF/Yr
      2,000 SF

      Cedar Park Industrial Flex Space

      Light industrial park with units from 2,000 to 4,000 SF.
      1001 Doris Ln, Cedar Park, TX 78613
      View Details
    • $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
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    703 Cypress Crk Rd
    Cedar Park, TX 78613-4414
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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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