122 Verna SPUR, Georgetown, TX 78628
For Sale
$475,000
The 1984-built property contains 1,701 square feet and sits on a cul-de-sac.
Property Size1,701 SF
Price / SF$279.25
Days on Market271
Property Features for 122 Verna SPUR
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Miller & Associates Realty LLC
Listed By:
Karen Miller · License TX #0334285
(512) 635-5077
Source:
Austinchoicerealty
Added: Feb 13
Changed: Nov 8
Last Checked: Nov 9 at 1:03PM
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 Miller & Associates Realty LLC
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Investment Insights
Based on property information with market context.
This duplex was built in 1984 and contains 1,701 square feet. It is situated on a cul-de-sac in Georgetown, with schools, a community pool, Lake Georgetown, and shopping nearby.
Key Highlights
- 1,701‑square‑foot duplex
- Built in 1984
- Located on a cul‑de‑sac
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,523
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,460
$570.5K
Cap Rate 7%
$407,471
$407.5K
Cap Rate 9%
$316,922
$316.9K
Market Conditions
NOI Build-Up for 1,701 SF
Gross rent
$42.9K $25.20/SF
− Vacancy
−$2.1K −$1.24/SF
EGI
$40.7K $23.96/SF
− OpEx
−$12.2K −$7.19/SF
NOI
$28.5K $16.77/SF
Area
Williamson County, TX
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,460
Cap Rate 7%
$407,471
Cap Rate 9%
$316,922
Alternative Uses
Best Use
Multifamily LT 5
$407.5K
$356.5K – $475.4K
NOI $28,523 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$372.5K
$325.9K – $434.6K
NOI $26,075 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$666.6K
$583.3K – $777.7K
NOI $46,660 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
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Business Placement
Demographics for 78628, TX
40,378
Population
17,738
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
64.7 sq mi
ZIP Area
624
Density / Sq Mi
$117,198
Median Household Income
$58,328
Median Earnings
$1,552
Median Rent
$467,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Williamson County, TX
Properties on Market for Duplexes in Williamson County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The 1984-built property contains 1,701 square feet and sits on a cul-de-sac.
Where is this duplex located?
The property is located at 122 Verna SPUR Georgetown, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,701‑square‑foot duplex; Built in 1984; Located on a cul‑de‑sac
