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    New Retail Center For Sale Title is generated by Realmo AI

    3920 Williams Dr, Georgetown, TX 78628

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    For Sale
    $8,523,000

    New 14,777 SF retail center in Georgetown, Texas.

    Type:Shopping Strip
    Property size:
    14,777 SF
    Lot size:
    1.87 Acres
    Price / SF:
    $576/SF
    Added:
    Apr 15, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 15 at 8:01 pm

    Property Features for 3920 Williams Dr

    General Information

    Standard status
    Active
    Size
    14,777 SF
    Lot size
    1.87 Acres
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Chris Gainey
    Chris Gainey

    Listing agent Chris Gainey License #TX: 612970

    Listing office Fort Worth Office

    Listing date Apr 15, 2026

    Source Marcusmillichap

    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 Fort Worth Office

    HighLights

    • Newly constructed (2025) Class A retail center with modern architecture and an end‑cap drive‑through.
    • Anchored by nationally recognized, internet‑resistant tenants like Einstein Bros. Bagels and Little Caesars (pending).
    • Long‑term, triple‑net leases with built‑in rental escalations provide durable cash flow.
    • Located on Williams Drive, a primary commercial corridor with high traffic counts (over 30,584 vehicles per day).
    • Proximity to Sun City Texas, a large 55+ active adult community with over 15,000 residents.
    • Synergistic tenant mix of retail, service, dental, and fitness, driving consistent traffic.

    Overview

    William’s Landing is a newly constructed, 14,777-square-foot, multi-tenant Class A retail center situated on a 1.87-acre parcel in Georgetown, Texas. Completed in 2025, the building features modern architecture with an end-cap drive through lane and offers frontage along Williams Drive. The tenant lineup is anchored by nationally recognized and internet-resistant concepts, including Einstein Bros. Bagels and Little Caesars (pending), alongside strong boutique dental, fitness, and service retail, creating a synergistic tenant mix. The rent roll is structured with long-term, triple-net leases and built-in rental escalations. The property is located along Williams Drive, a primary commercial and commuter corridor with traffic counts exceeding 30,584 vehicles per day. Adjacent commercial developments nearby include a new Tim Horton's restaurant being built directly to the west and Commercial National Bank of Brady to the east of the property. William’s Landing is also in close proximity to Georgetown Executive Airport, The Wesleyan Independent Living, The Oscar at Georgetown, and an H-E-B grocery-anchored shopping center. Just north of H-E-B, a new retail development with Sprouts & Petco is currently under construction at the corner of Williams Drive and Cedar Lake Drive. The property is located less than five miles from Sun City Texas, a premier 55+ active adult community with over 15,000 residents.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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.

    Similar Places Nearby

    • Lyn's Dreams 'n' Legends — 5411 Williams Dr, Georgetown, TX 78633
    • Coinstar Kiosk | Bitcoin ATM — 5721 Williams Dr, Georgetown, TX 78633

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.7021378
    Latitude
    30.6730614

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    FAQs

    What type of property is this?
    Shopping center - New 14,777 SF retail center in Georgetown, Texas.
    Where is this shopping center located?
    The property is located at 3920 Williams Dr Georgetown, TX.
    What is the asking price?
    The asking price for this property is $8,523,000.
    What are key features of this property?
    This property features: Newly constructed (2025) Class A retail center with modern architecture and an end‑cap drive‑through.; Anchored by nationally recognized, internet‑resistant tenants like Einstein Bros. Bagels and Little Caesars (pending).; Long‑term, triple‑net leases with built‑in rental escalations provide durable cash flow.
    (817) 932-6122
    We can help!
    Listing Contact
    Chris Gainey
    Chris Gainey
    Real Estate License ID: TX: 612970
    Learn More
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    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.

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