2051 Cypress Creek RdCedar Park, TX 78613

Property Details for 2051 Cypress Creek Rd

Year built

2002

Lot size

4.49 AC

Property size (Sq ft)

40,020 SF

Property type

Commercial real estate

APN

R-17-W322-403A-0001-A008

APU

R17W322403A0001A008

Description

Cypress Bend Shopping Center offers a prime retail opportunity in the heart of Cedar Park, Texas. This single-story, Class B strip center totals 37,740 square feet and features 15 suites. A contiguous 2,401 square foot space is currently available, ideal for a variety of retail uses. The property boasts 136 parking spaces and is conveniently located near El Salido Pkwy, providing excellent visibility and accessibility. The center is situated in a densely populated area, close to Milburn Park, the largest community park in Cedar Park, and within walking distance of schools. Existing amenities include a new HVAC system and an ADA-compliant restroom with an exterior drinking fountain, meeting city code requirements. The property is zoned LB-Local Business and is ready for immediate occupancy. Minimum divisible space is 1,320 square feet. Property taxes are $5 per square foot. This location offers strong potential for businesses seeking high visibility and convenient access to a thriving community. The address is 2051 Cypress Creek Road, Cedar Park, TX 78613, within the Williamson County submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $14,386,800

  6.5%

  $13,280,100

  7%

  $12,331,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,981,600

  Geo Method

  $11,981,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $26,857,600

  Retail / Commercial

  $13,633,000

  Mixed-Use / Specialty

  $13,474,600

  Hospitality / Lodging

  $9,742,820

  Office

  $13,280,100

  Institutional / Educational

  $13,968,900

  Residential Income

  $16,343,600

  Multifamily

  $20,210,700

  Automotive / Energy

  $11,973,300

  Parking / Income-Based Land

  $4,240,390

  Restaurant / Food Service

  $6,773,760

  Healthcare / Senior Housing

  $13,930,600

Location Insight

City

Cedar Park

County

Williamson

State

Texas

Latitude

30.4762

Longitude

-97.8407

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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