Well-Located Office
For Sale
$750,000
1206 Hart ST, Georgetown, TX 78626
Functional office building totaling about 1,800 square feet, positioned for quick regional access near major routes.
Property Size1,800 SF
Price / SF$416.67
Days on Market122
Property Features for 1206 Hart ST
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$14,804
Building Details
Building Size
1,800 SF
Year Built
2016
Listing Agency:
First Texas Brokerage Company
Listed By:
Ryan Hodge · License #0470284
(254) 947-5577
Source:
Teamwestre
Added: May 7
Changed: Sep 4
Last Checked: Sep 4 at 1:01PM
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 First Texas Brokerage Company
Investment Insights
Based on property information with market context.
1206 Hart Street offers a functional office building with approximately 1,800 square feet of space, well-suited to a range of business operations. The layout is described as adaptable for professional services, medical users, or owner-occupants seeking a straightforward option for establishing or expanding a presence.
The property is located in Georgetown and is positioned just minutes from I-35, providing convenient access to Austin, Round Rock, and the greater North Corridor. This connectivity supports day-to-day accessibility for staff, clients, and visitors while keeping the building positioned in a fast-growing Central Texas market.
The property is located in Georgetown and is positioned just minutes from I-35, providing convenient access to Austin, Round Rock, and the greater North Corridor. This connectivity supports day-to-day accessibility for staff, clients, and visitors while keeping the building positioned in a fast-growing Central Texas market.
Key Highlights
- ~1,800 SF office building with a functional layout for professional services or medical use
- Located in Georgetown, positioned just minutes from I‑35 for convenient regional access
- Easy access to Austin, Round Rock, and the greater North Corridor
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
$42,922
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
5.72%
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%
$858,440
$858.4K
Cap Rate 7%
$613,171
$613.2K
Cap Rate 9%
$476,911
$476.9K
Market Conditions
NOI Build-Up for 1,800 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
$75.6K $42.00/SF
− Vacancy
−$18.4K −$10.21/SF
EGI
$57.2K $31.79/SF
− OpEx
−$14.3K −$7.95/SF
NOI
$42.9K $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 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%
$858,440
Cap Rate 7%
$613,171
Cap Rate 9%
$476,911
Alternative Uses
Best Use
Office B
$613.2K
$536.5K – $715.4K
NOI $42,922 @ 7.0% cap · market cap 5.72%
Second Best
Healthcare Medical
$466.6K
$408.2K – $544.3K
NOI $32,659 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$752.4K
$658.4K – $877.9K
NOI $52,671 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,901
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Functional office building totaling about 1,800 square feet, positioned for quick regional access near major routes.
Where is this office building located?
The property is located at 1206 Hart ST Georgetown, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: ~1,800 SF office building with a functional layout for professional services or medical use; Located in Georgetown, positioned just minutes from I‑35 for convenient regional access; Easy access to Austin, Round Rock, and the greater North Corridor
