Mixed-Use
For Sale
Contact for pricing
Pending
1200 Interstate 35, Round Rock, TX 78681
Existing commercial property at an Interstate 35 address in Round Rock, Texas.
Property Size8,065 SF
Days on Market54
Property Features for 1200 Interstate 35
General Information
Standard status
Pending
Size
8,065 SF
Total Parking Spaces
16
Property subtype
Retail, Mixed Use, Self Storage
Lease Type
Absolute Net
Building Details
Year Built
1978
Buildings
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Austin
Listed By:
Coleman Solomon · License #742798
(512) 338-7800
Source:
Crexi
Added: Jul 29
Changed: Sep 8
Last Checked: Sep 19 at 6:40AM
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 Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
This mixed-use property contains 8,065 square feet and was constructed in 1978. The asset is located at 1200 Interstate 35 in Round Rock, Texas, within the Austin MSA. Its established building footprint provides a defined commercial base for evaluating the property in the context of the surrounding metropolitan market.
Key Highlights
- 8,065‑square‑foot mixed‑use property
- Constructed in 1978
- 1200 Interstate 35 address in Round Rock, TX 78681
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$176,019
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,520,380
$3.5M
Cap Rate 7%
$2,514,557
$2.5M
Cap Rate 9%
$1,955,767
$2.0M
Market Conditions
NOI Build-Up for 8,065 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$242.0K $30.00/SF
− Vacancy
−$7.3K −$0.90/SF
EGI
$234.7K $29.10/SF
− OpEx
−$58.7K −$7.27/SF
NOI
$176.0K $21.83/SF
Area
Round Rock, TX
Vacancy
3.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,520,380
Cap Rate 7%
$2,514,557
Cap Rate 9%
$1,955,767
Alternative Uses
Best Use
Specialty Retail
$2.51M
$2.20M – $2.93M
NOI $176,019 @ 7.0% cap · market cap 8.80%
Second Best
Retail
$2.15M
$1.88M – $2.51M
NOI $150,518 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$2.55M
$2.24M – $2.98M
NOI $178,849 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
Explore this area
Business Placement
Demographics for 78681, TX
57,503
Population
20,817
Households
2.8
Avg Household Size
38
Median Age
56%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
2,479
Density / Sq Mi
$136,215
Median Household Income
$62,739
Median Earnings
$1,848
Median Rent
$460,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing commercial property at an Interstate 35 address in Round Rock, Texas.
Where is this mixed-use property located?
The property is located at 1200 Interstate 35 Round Rock, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 8,065‑square‑foot mixed‑use property; Constructed in 1978; 1200 Interstate 35 address in Round Rock, TX 78681
