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$3,036,315

1602 Medical Pkwy, Cedar Park, TX, 78613

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths8,553 Sq Ft
price_per_sqft$355 / sqft
Year BuiltBuilt in 2015

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Heating CentralHeating Central
CoolingCooling
FlooringLaminate, See Remarks, Vinyl

Exterior

Lot Size1.92 acres

Building Information

Year Built2015
Stories1

Land Information

APNR-17-W321-3020-0005-B005
Lot Number3-6
Land UseCommercial
Legal DescriptionS9573 - COTTONWOOD CREEK BUSINESS PARK SEC 2(LTS 3-6 REPLAT), LOT 5-B, ACRES 1.923
Census Tract020348
Assessed Land Value$1,379,626
Assessed Improvement Value$2,170,374
Assessment Year2026

About this property

1602 Medical Parkway offers investors a modern, freestanding office building totaling 8,553 SF and completed in 2015. Designed for long-term functionality and appeal, the property presents a clean, efficient layout suited for a wide range of office users. The building is served by a convenient surface parking lot, enhancing accessibility for tenants, clients, and staff. With newer construction and a stand-alone presence, this asset provides an attractive opportunity for an investor seeking a low-maintenance office property with strong usability and enduring marketability. Its thoughtful design and professional setting make it well positioned for stable occupancy and long-term value.

Investor Tools

$769,105Estimated Mortgage Balance
$2,715,695Estimated Equity
77% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$20,909 /month
Positive
Cash Flow Estimate:
$6,970 /month

Interested in this property?

Tram Le

Lezlie Tram Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$6,246/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$57,530
$3,484,800
2026
$1,379,626
$2,170,374
$3,550,000
No

Tax History

Year
Tax Paid
Assessed Value
2026
$57,530
$3,484,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
North Texas Certified Development Corpor
Commercial
$884,000
No
First
Mar 10, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$769,105
$2,715,695
77%
22%
$5,301/mo

City: Cedar Park

1602 Medical Pkwy | Property Details | No Agent List