Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    600 Forest St Georgetown, TX 78626

    Sponsored
    For Sale
    $1,299,999

    Downtown Georgetown Office, Ample Parking, High Visibility

    Property size:
    3,498 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    367
    This exceptional 3,498 square foot office building is ideally situated in the heart of Georgetown, Texas, at 600 Forest. Its prime downtown location offers unparalleled visibility and accessibility, positioned directly adjacent to the Williamson County District Courts and within easy walking distance of the historic Georgetown Square. This presents a unique opportunity for businesses seeking high foot traffic and a prestigious address. The property boasts ample on-site parking, a significant advantage in this desirable area. The interior layout is well-designed to accommodate a variety of professional businesses, featuring several private offices of varying sizes to suit diverse needs. Convenient break rooms and dedicated conference rooms are included, enhancing productivity and collaboration. A notable feature is the unfinished separate space located at the rear of the building, offering significant potential for expansion, customization, or mixed-use purposes. This versatile area allows for tailoring the space to specific business requirements, whether it be additional office space, storage, or a completely different function. The 0.28-acre lot provides ample space for outdoor activities or future development. Offered at $1,299,999, this property represents a compelling investment opportunity in a thriving Texas market. The combination of location, amenities, and potential makes this an exceptional offering for discerning buyers.

    Property Features for 600 Forest St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,498 SF
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Wendy Morales

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Attorney Eric Torberson Law Firm Off the Hook Bail ... Law Firm Bondsman Williamson County ... Law Firm Lipstick Bail Bonds Law Firm Give You A Brake ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.68034
    Latitude
    30.63804

    Nearby Similar for Sale

    • $7,795,000
      12,135 SF

      Georgetown Retail Center For Sale

      Class A retail center in a rapidly growing area.
      2960 Fm 1460, Georgetown, TX 78626
      View Details
    • $475,000

      Georgetown Duplex: Investor-Ready Income Property

      Duplex in Georgetown, TX with immediate income potential.
      212 Tamara Dr, Georgetown, TX 78628
      View Details
    • $475,000

      Georgetown Duplex: Investor Ready

      Duplex in Georgetown, tenant-occupied, immediate income potential.
      214 Tamara Dr, Georgetown, TX 78628
      View Details
    • $399,000

      Georgetown Duplex: Fully Leased

      Professionally managed duplex in desirable Georgetown location, near I-35.
      517 Luther Dr, Georgetown, TX 78628
      View Details
    • $475,000

      Georgetown Duplex: Investor Opportunity

      Tenant-occupied duplex in Georgetown ISD with income potential.
      210 Tamara Dr, Georgetown, TX 78628
      View Details
    • Contact for pricing
      1,448,320 SF

      Georgetown Industrial Build-to-Suit Opportunity

      Premier industrial facilities with highway access and flexible build options.
      954-1000 Co Rd, Georgetown, TX
      View Details
    • $131,000

      Georgetown Condo Ready for Move-In

      Affordable one-bedroom condo in Georgetown, close to amenities.
      3012 Whisper Oaks Ln, Georgetown, TX 78628
      View Details
    • $2,500,000

      Warehouse with Retail and Office

      12,000 SF warehouse with retail and office space.
      1525 Ih 35, Georgetown, TX 78628
      View Details
    • $4,300,000

      Historic Georgetown Jail on 1.3 Acres

      Historic 1888 French Bastille jail near Georgetown Square.
      102 W 3Rd St, Georgetown, TX 78626
      View Details
    • $520,000

      New Duplex Investment Opportunity

      Well-maintained duplex built in 2021 with desirable amenities.
      126/128 Dodge Rd, Georgetown, TX 78626
      View Details
    • $895,000

      Downtown Georgetown Corner Property

      Prime corner property in the heart of downtown Georgetown.
      510 S Church St, Georgetown, TX 78626
      View Details
    • $479,999

      Remodeled Duplex Investment Opportunity

      Turnkey duplex with strong rental income potential in Georgetown, TX.
      1105 Quail Valley Dr, Georgetown, TX 78626
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Downtown Georgetown Office, Ample Parking, High Visibility
    Where is this office property / space located?
    The property is located at 600 Forest St Georgetown, TX.
    What is the asking price?
    The asking price for this property is $1,299,999.
    (512) 575-3644
    Request Owner's contact information
    600 Forest St Georgetown, TX 78626
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 Forest St
    Georgetown, TX 78626
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    600 Forest St Georgetown, TX 78626
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Wendy Morales
    (512) 575-3644
    Learn more
    Google sign-in failed. Please try again or use another login method.