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

    635 University Blvd Round Rock, TX 78665

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully leased retail center on a high-traffic corridor.

    Property size:
    11,462 SF
    Lot size:
    1.35 Acres

    Property Features for 635 University Blvd

    General Information

    Size
    11,462 SF
    Lot size
    1.35 Acres

    We can help!

    Listing Contact
    Travis Crow
    Travis Crow
    Source: Moodyscre

    Listing Agent: Travis Crow

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Round Rock Retail Strip Center

    This 11,462 square foot unanchored strip retail center is located on University Boulevard in Round Rock, Texas. Constructed in 2021, the property is fully leased to a diverse mix of tenants. It offers stable cash flows with a weighted average lease term (WALT) of 5.4 years and contractual rent steps. The property is situated on a primarily retail corridor and benefits from high-traffic neighbors, including Goodwill, Valvoline, and WhiteWater Express Car Wash. Major retailers such as HEB, IKEA, and the Round Rock Premium Outlet Malls are located within one mile of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    365 SMOKE VAPE ... Smoke Shop PRIME NAILS BAR Nail Salon Jersey Mike's Sandwich Shop HOTWORX [Yoga, Pilates, ... Fitness Center HOTWORX - Round Rock, ... Fitness Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Round Rock
    County
    Williamson
    State
    Texas
    Longitude
    -97.676372
    Latitude
    30.562824

    Nearby Similar for Sale

    • $1,750,000
      5,800 SF

      Versatile Commercial Property in Round Rock

      5-acre commercial property with multiple income streams and no restrictions.
      200 Tate Ln, Round Rock, TX 78626
      View Details
    • $1,275,000
      1.30 Acres

      Move-In-Ready Net-Zero Ready Townhomes

      Luxury, sustainable townhomes in Round Rock, Texas Hill Country.
      300 Tesla Cir, Round Rock, TX 78681
      View Details
    • $325,000
      920 SF

      Professional Office Condo in Round Rock

      Turnkey office condo with private offices, conference room, and kitchen.
      3000 Joe Dimaggio Blvd, Round Rock, TX 78665
      View Details
    • $350,000
      0.02 Acres

      Move-in Ready Office Condo

      850 SF Round Rock condo ideal for medical or professional use.
      3309 Forest Creek Dr, Round Rock, TX 78664
      View Details
    • $289,900
      1,614 SF

      East Round Rock Townhome

      Centrally located, move-in ready townhome with private yard and garage.
      608 Lookout Tree Ln, Round Rock, TX 78664
      View Details
    • $7,022,688
      12,821 SF

      Cadence Academy NNN Asset For Sale

      NNN leased Cadence Academy with 12+ years remaining.
      60 Limmer Loop, Round Rock, TX 78665
      View Details
    • $465,000
      2,517 SF

      Well-Maintained Duplex with Garage

      Desirable duplex with attached garages, remodeled unit, and tenant occupancy.
      409-411 Cypress Ln, Round Rock, TX 78664
      View Details
    • $398,500
      1,561 SF

      Round Rock Condo with Landscaping

      Well-maintained 3-bedroom condo with spacious deck and community amenities.
      3451 Mayfield Ranch Blvd, Round Rock, TX 78681
      View Details
    • Contact for pricing
      25,777 SF

      Round Rock Professional Office Spaces

      Five-building property near Skyridge Plaza with easy access to I-35.
      1930 Rawhide Dr, Round Rock, TX 78681
      View Details
    • $215,000
      960 SF

      Round Rock Condo with Garage

      Stylish 2-bedroom condo with rare garage and covered parking.
      2400 Louis Henna Blvd, Round Rock, TX 78664
      View Details
    • $7,900,000
      29,461 SF

      Office Campus with Redevelopment Potential

      29,461 SF office campus on 5.47 acres for sale.
      1514-1518 E Palm Valley Blvd, Round Rock, TX 78664
      View Details
    • $379,000
      1,456 SF

      Corner Lot Condo with Upgrades

      3-bedroom, 2-bathroom condo in gated community with modern amenities.
      3451 Mayfield Ranch Blvd, Round Rock, TX 78681
      View Details

    FAQs

    What type of property is this?
    Strip mall - Fully leased retail center on a high-traffic corridor.
    Where is this strip mall located?
    The property is located at 635 University Blvd Round Rock, TX.
    What are key features of this property?
    This property features: - Fully leased to diverse, recession-proof tenants, ensuring secured and stable cash flows.; - Located on a primary retail corridor in Round Rock, TX (Austin MSA).; - High-quality construction completed in 2021.
    (713) 303-3837
    Request Owner's contact information
    635 University Blvd Round Rock, TX 78665
    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.
    635 University Blvd
    Round Rock, TX 78665
    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
    635 University Blvd Round Rock, TX 78665
    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
    Travis Crow
    Travis Crow
    (713) 303-3837
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.