Cedar Park Professional Center, Bldg 1 - office in Cedar Park, TX
Office

Cedar Park Professional Center, Bldg 1

701 central park dr cedar park, tx, 78613, cedar park, TX 78613

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence
Low
$11.86/SF
Mid
$13.95/SF
High
$16.04/SF
Tier Used
peer_city_transfer

Transferred from peer market cincinnati (similarity: 100%) with 23 comparable listings.

Peer market: cincinnati (100% similarity)
Tier Resolution Trace
Tier 1insufficient_data
Tier 2insufficient_data
Tier 3insufficient_data
Tier 4successselected
Cost Breakdown
ComponentValueDetailSource
Base Rent$13.95/SFpeer_city_transfer
Utilities8.3¢/kWhOpenEI URDB
Property Tax0.0% eff. rateAPI Ninjas
Labor Index$1932/wkBLS QCEW
Source Provenance (1)
SourceTypeCountYearFreshnessPeer
Peer City Transfereconomic_similarity23real-timecincinnati (100%)
Data sources used
peer_city_transfer

Description

Multi-phased class A corporate office campus consisting of 3 planned buildings totaling ~300,000 RSF. Nestled in the heart of North Austin, this location offers unparalleled accessibility and an abundance of amenities. Situated just moments away from Cedar Park’s bustling retail hub, you’ll find yourself surrounded by a remarkable selection of 38 restaurants, all within walking distance. Cedar Park’s cutting-edge recreation center is adjacent to The Project. As a tenant, you’ll enjoy exclusive access to invigorating walking trails, state-of-the-art fitness facilities, and an array of remarkable retail and dining options.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

701 central park dr cedar park, tx, 78613, cedar park, TX 78613

Marker
Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Austin office market showed average asking rents near $36.92/SF/yr. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence
Projected asking rent
$36.92/SF/yr
Estimated sale value
$261–$340/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 6.5%, asking rent held flat).

View the full Austin Office market report →

Compare it against other office listings for sale in Cedar Park, TX to benchmark pricing and space — view the full market.

Unified Estimate

Very Low Confidence
$27.31/SF-$36.95/SF
Mid: $32.13/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market cincinnati (similarity: 100%) with 23 comparable listings.

Sale Price History

Market report quarterly trend fallback

Low Confidence
  • Avg Rent ($/SF/yr) (market data)
  • Vacancy %
Q4 '20Q3 '23Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26$0$15$30$45$600%10%20%30%40%
Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:+0.9%
Avg Weekly Wage:$1,580

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population672,688
Median Income$111k↑ 49%
College Educated44.6%↑ 11.2pp
Median Age37.3 yrs
Median Home Value$447k
Unemployment3.9%

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: office in cedar park, TX

More Office for Sale in Cedar Park, TX(5)

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Listed by

JLL