Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1500 Rivery Blvd Georgetown, TX 78628

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $38 SF/Yr

    High-end mixed-use development with office, retail, and restaurant spaces.

    Building Details

    Year built
    2016

    We can help!

    Listing Contact
    Joe Ciola
    Source: Stcroixcra

    Listing Agent: Joe Ciola

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

    Learn more

    Overview

    Mixed-Use Development in Georgetown, Texas

    The Summit is a mixed-use development situated on 32 acres overlooking the North San Gabriel River near IH-35 in Georgetown, Texas. It includes office, restaurant, retail, and luxury lofts. The development is anchored by a Sheraton Austin Georgetown Hotel and Conference Center.
    Location Intelligence

    Current Use by Public Records

    Hard Count Kitchen ... Restaurant Krishna Patel, M.D. Physician Lumino Vision Physician Perfect Pair Sips ... Bar & Pub Lawrence Tsai, M.D. Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.6873746
    Latitude
    30.6496624

    Nearby Similar for Lease

    • $3,300 /Mo

      Georgetown Retail Space For Rent

      Retail space available in Georgetown, Texas, with high visibility.
      204 S Interstate 35, Georgetown, TX 78628
      View Details
    • $5,383 /Mo

      Retail/Office Space on Williams Drive

      1,700 SF retail/office space in Georgetown, Texas.
      4701 Williams Dr, Georgetown, TX 78633
      View Details
    • $750 /Mo

      Private Office in Merlot House

      Charming 90 sq ft office near Downtown Georgetown.
      1006 S Rock St, Georgetown, TX 78626
      View Details
    • $28 SF/Yr
      3,400 SF

      Retail Space in Georgetown, Texas

      Retail space for lease in a growing Georgetown location.
      6601 Ranch Road 2338, Georgetown, TX 78633
      View Details
    • $26 SF/Yr
      3,328 SF

      Modern Office Space For Rent

      Modern office spaces with flexible layouts and convenient access.
      580 County Road 196, Georgetown, TX 78626
      View Details
    • $4,200 /Mo

      Office or Retail Shell Space

      Shell space available for office or retail use.
      4861 Williams Dr, Georgetown, TX 78633
      View Details
    • $2,000 /Mo

      Corner Office Suite for Sublease

      947 SF corner office suite available for sublease.
      3303 Shell Rd, Georgetown, TX 78628
      View Details
    • $3,500 /Mo

      Georgetown Flex Space For Lease

      Versatile 4,800 SF flex building suitable for industrial or office.
      40120A Industrial Park Cir, Georgetown, TX 78626
      View Details
    • $3,585 /Mo

      Adaptable Office Space For Rent

      Well-appointed office space in a prominent business complex.
      1915 S Austin Ave, Georgetown, TX 78626
      View Details
    • $22 SF/Yr
      1,024 SF

      Georgetown Office/Medical Space Available

      Office, medical, or light retail space for lease.
      1401 Williams Dr, Georgetown, TX 78628
      View Details
    • $24 SF/Yr
      1,310 SF

      Georgetown Retail or Office Space

      Retail or office suites with main street frontage and signage.
      275 SE Inner Loop, Georgetown, TX 78626
      View Details
    • $38 SF/Yr
      1,679 SF

      Mixed-Use Development Retail Space

      High-end mixed-use development with retail, restaurant, and office space.
      1500 Rivery Blvd, Georgetown, TX 78628
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-end mixed-use development with office, retail, and restaurant spaces.
    Where is this mixed-use property located?
    The property is located at 1500 Rivery Blvd Georgetown, TX.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: - High-end, mixed-use development.; - Anchored by a 4-Star Sheraton Austin Georgetown Hotel and Conference Center.; - Located on 32 acres overlooking the North San Gabriel River near IH-35.
    (512) 436-8202
    Request Owner's contact information
    1500 Rivery Blvd Georgetown, TX 78628
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1500 Rivery Blvd
    Georgetown, TX 78628
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1500 Rivery Blvd Georgetown, TX 78628
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joe Ciola
    (512) 436-8202 (512) 391-0718
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!