Office Flex Space For Sale

1700 Royston Ln, Round Rock, TX

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For Sale

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Office flex space in Round Rock, well below market price.

Type:OFFICE

Property size:

37,784 SF

Lot size:

3.19 Acres

Price / SF:

$198/SF

HighLights

Office/Flex space available well below market price at $18/SF.
Located in the Greater Austin MSA, just 16 miles north of the State Capital.
Dense demographics: 119,352 residents in a 3‑mile radius and 262,320 in a 5‑mile radius.
Affluent community: Average household income of $89,538 (1‑mile) & $98,807 (3‑mile).
Round Rock is one of the fastest‑growing cities in America with 131,255 residents.
Dual entry points and ample parking.

We can help!

Listing Contact

Justin Williams

For Sale

Contact for pricing

Office flex space in Round Rock, well below market price.

Type:OFFICE

Property size:

37,784 SF

Lot size:

3.19 Acres

Price / SF:

$198/SF

Added:: Aug 19, 2024
Days on Market:: 661
Last Refresh:: May 19 at 8:41 pm

Property Features for 1700 Royston Ln

General Information

Standard status: Active
Size: 37,784 SF
Lot size: 3.19 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Justin Williams

Listing agent Justin Williams License #764786

Listing office Trinity Real Estate Investment Services - Corporate

Listing date Aug 19, 2024

Source Moodyscre

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 Trinity Real Estate Investment Services - Corporate

HighLights

Office/Flex space available well below market price at $18/SF.
Located in the Greater Austin MSA, just 16 miles north of the State Capital.
Dense demographics: 119,352 residents in a 3‑mile radius and 262,320 in a 5‑mile radius.
Affluent community: Average household income of $89,538 (1‑mile) & $98,807 (3‑mile).
Round Rock is one of the fastest‑growing cities in America with 131,255 residents.
Dual entry points and ample parking.

Overview

This office flex space is available for sale well below market price. The property is located in the Greater Austin MSA, approximately 16 miles north of the state capital. It is situated within a dense demographic area, with 119,352 residents within a 3-mile radius and 262,320 within a 5-mile radius. The surrounding community is affluent, with an average household income of $89,538 within a 1-mile radius and $98,807 within a 3-mile radius. Round Rock, one of the fastest-growing cities in America, has a total population of 131,255 residents. The subject property offers dual entry points and ample parking. The building is also available for rent at $18 per square foot. The property size is 37,784 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.13M	$30.00
− Vacancy	−$332.1k	−$8.79
EGI	$801.4k	$21.21
− OpEx	−$200.3k	−$5.30
NOI	$601.0k	$15.91

37,784 SF · lease $30.00/SF/yr · vacancy 29.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$8.59M

$7.51M – $10.02M (±1% cap)

NOI $601,049 @ 7.0% cap · market cap 8.01%

Second Best

Healthcare Medical

$7.69M

$6.73M – $8.98M (±1% cap)

NOI $538,649 @ 7.0% cap · market cap 7.18%

Theoretical Best

Office A

$11.97M

$10.47M – $13.96M (±1% cap)

NOI $837,898 @ 7.0% cap · market cap 11.17%

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

Property Profile Location Intelligence

Current Use by Public Records

Alk-Abello Inc. Factory

Suggested Use

Location Insight

Map
Local Demand

City: Round Rock
County: Williamson
State: Texas
Longitude: -97.6569
Latitude: 30.4616

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What type of property is this?

Medical Office Space - Office flex space in Round Rock, well below market price.

Where is this medical office space located?

The property is located at 1700 Royston Ln Round Rock, TX.

What is the asking price?

The asking price for this property is $7,500,000.

What are key features of this property?

This property features: Office/Flex space available well below market price at $18/SF.; Located in the Greater Austin MSA, just 16 miles north of the State Capital.; Dense demographics: 119,352 residents in a 3‑mile radius and 262,320 in a 5‑mile radius.

1700 Royston Ln, Round Rock, TX

Office flex space in Round Rock, well below market price.

Property Features for 1700 Royston Ln

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Professional Office Condo in Round Rock

Net-Zero Ready Townhome Units

Professional Office Condo For Sale

Professional Office Condo For Sale

Restaurant Building with Brushy Creek Frontage

Freestanding Industrial Building in Round Rock

Modern Office Condominiums in Round Rock

Modern Office Condos in Round Rock

Modern Office Condos in Round Rock

Office Suite with Four Private Offices

Versatile Commercial Property in Round Rock

Professional Office Condo For Sale

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