NNN-Leased Corner
New
For Sale
$1,050,000
1112 S Rock St, Georgetown, TX 78626
A hair salon occupies the building under a single-tenant NNN lease running through May 2028.
Property Size1,961 SF
Lot Size0.25 Acres
Price / SF$535.44
Days on Market2
Property Features for 1112 S Rock St
General Information
Standard status
Active
Size
1,961 SF
Lot size
0.25 Acres
Property subtype
Commercial
Zoning
MU-DT
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
5
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$17,247
Amenities
reception area
kitchen/break area
wraparound front porch
rear courtyard
Building Details
Building Size
1,961 SF
Year Built
1930
Buildings
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Southwest Realty Advisors, LLC
Listed By:
Reed Coleman · License #0521553
(512) 680-9319
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 4:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southwest Realty Advisors, LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this 1,961-square-foot property occupies 0.251 acre and is configured with five suites, including two with separate private access. The interior also includes a reception area, kitchen and break area, two restrooms, and an IT room. A wraparound porch, rear courtyard, and on-site parking serve the property. Renovations during current ownership include roof and decking replacement, foundation work, plumbing and electrical upgrades, HVAC improvements, and repairs to the siding and porch.
The corner site fronts SH 29, also known as University Avenue, about one-quarter mile from Georgetown’s historic courthouse square. Downtown restaurants, boutiques, and entertainment are within walking distance. The property is occupied by a hair salon on a single-tenant NNN lease through May 2028. Zoning is MU-DT (Mixed Use Downtown), with impervious coverage permitted up to 95%; expansion or other changes are subject to City approval, lease obligations, and applicable development and historic preservation requirements.
The corner site fronts SH 29, also known as University Avenue, about one-quarter mile from Georgetown’s historic courthouse square. Downtown restaurants, boutiques, and entertainment are within walking distance. The property is occupied by a hair salon on a single-tenant NNN lease through May 2028. Zoning is MU-DT (Mixed Use Downtown), with impervious coverage permitted up to 95%; expansion or other changes are subject to City approval, lease obligations, and applicable development and historic preservation requirements.
Key Highlights
- 1,961‑square‑foot building on 0.251 acre
- Five suites, two with dedicated private access
- Single‑tenant NNN lease through May 2028; currently occupied by a hair salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,761
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,220
$935.2K
Cap Rate 7%
$668,014
$668.0K
Cap Rate 9%
$519,567
$519.6K
Market Conditions
NOI Build-Up for 1,961 SF
Gross rent
$82.4K $42.00/SF
− Vacancy
−$20.0K −$10.21/SF
EGI
$62.3K $31.79/SF
− OpEx
−$15.6K −$7.95/SF
NOI
$46.8K $23.85/SF
Area
Williamson County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,220
Cap Rate 7%
$668,014
Cap Rate 9%
$519,567
Alternative Uses
Best Use
Office B
$668.0K
$584.5K – $779.4K
NOI $46,761 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$819.7K
$717.3K – $956.4K
NOI $57,382 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
5
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,887
Businesses Nearby
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Business Placement
Demographics for 78626, TX
39,935
Population
16,866
Households
2.4
Avg Household Size
34
Median Age
36%
College-Educated
90%
High-School Grad
88.6 sq mi
ZIP Area
451
Density / Sq Mi
$94,967
Median Household Income
$44,955
Median Earnings
$1,752
Median Rent
$358,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
NNN property - A hair salon occupies the building under a single-tenant NNN lease running through May 2028.
Where is this nnn property located?
The property is located at 1112 S Rock St Georgetown, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 1,961‑square‑foot building on 0.251 acre; Five suites, two with dedicated private access; Single‑tenant NNN lease through May 2028; currently occupied by a hair salon
