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    1514-1518 E Palm Valley Blvd Round Rock, TX 78664

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    For Sale
    $7,900,000

    29,461 SF office campus on 5.47 acres for sale.

    Property size:
    29,461 SF
    Lot size:
    5.35 Acres

    Property Features for 1514-1518 E Palm Valley Blvd

    General Information

    Size
    29,461 SF
    Lot size
    5.35 Acres

    Source: Don Quick & Associates, Inc. Agent Darren Quick

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

    Overview

    Office Campus with Redevelopment Potential

    The Merrell Campus is a 29,461 square foot office campus comprising 6 buildings situated on 5.47 acres. Located in Round Rock, the campus is less than two miles from Downtown Round Rock and minutes from The Kalahari Resort and Convention Center and Dell Diamond. The property is currently 100% leased, presenting a stable, cash-flowing investment opportunity. The lease term for the largest tenant has over eight years remaining, with no other leases set to expire until Q3 2022. There is potential for future redevelopment, with options to add approximately 4,900 square feet or replace an existing building with a 10,000 square foot structure. The current rents are below market, offering an opportunity to increase rates as leases expire. A TXDOT construction project to improve safety and traffic flow on HWY 79 between IH 35 and A.W. Grimes is scheduled to begin in 2023.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Round Rock
    County
    Williamson
    State
    Texas
    Longitude
    -97.6620975
    Latitude
    30.5182025

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    FAQs

    What type of property is this?
    Office building - 29,461 SF office campus on 5.47 acres for sale.
    Where is this office building located?
    The property is located at 1514-1518 E Palm Valley Blvd Round Rock, TX.
    What is the asking price?
    The asking price for this property is $7,900,000.
    What are key features of this property?
    This property features: - 100% leased, cash-flowing property provides stable investment.; - Significant upside potential through future redevelopment: add +/- 4,900 SF or 10,000 SF building.; - Below-market rents offer opportunity to increase revenue as leases expire.
    (512) 514-1820
    Request Owner's contact information
    1514-1518 E Palm Valley Blvd Round Rock, TX 78664
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    Realmo Value Estimation

    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.

    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.

    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
    1514-1518 E Palm Valley Blvd Round Rock, TX 78664
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