Office/Retail
For Sale
$750,000
4138 Williams DR, Georgetown, TX 78628
For-sale office/retail building located at 4138 Williams Dr in Georgetown, TX.
Property Size1,424 SF
Lot Size0.70 Acres
Price / SF$526.69
Days on Market503
Property Features for 4138 Williams DR
General Information
Standard status
Active
Size
1,424 SF
Lot size
0.70 Acres
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$6,559
Building Details
Building Size
1,424 SF
Year Built
1978
Listing Agency:
Gold Tier Real Estate, LLC
Listed By:
Taylor Golden · License #0725215
(512) 674-5727
Source:
Localcolorrealestateaustin
Added: Apr 23, 2025
Changed: Aug 23
Last Checked: Sep 6 at 10:27AM
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 Gold Tier Real Estate, LLC
Investment Insights
Based on property information with market context.
Gold Tier Real Estate presents a for-sale office/retail building totaling 1,424 square feet, situated on approximately 0.70 acres at 4138 Williams Dr in Georgetown, TX 78628. The property is presented for buyers seeking a smaller commercial structure with on-site space for office and retail uses.
The site is offered through private tour coordination—please contact the broker before touring the property. Purchasers are advised to perform their own independent evaluation, and the information provided is not warranted by the broker.
At the asking price of $750,000, this offering provides a dedicated building footprint for an owner-operator or business expansion plan within a developing Georgetown market.
The site is offered through private tour coordination—please contact the broker before touring the property. Purchasers are advised to perform their own independent evaluation, and the information provided is not warranted by the broker.
At the asking price of $750,000, this offering provides a dedicated building footprint for an owner-operator or business expansion plan within a developing Georgetown market.
Key Highlights
- 1,424 SF office/retail building on Williams Dr in Georgetown, TX
- Built in 1978
- Sits on roughly 0.70 acres
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
$33,956
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
4.53%
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%
$679,120
$679.1K
Cap Rate 7%
$485,086
$485.1K
Cap Rate 9%
$377,289
$377.3K
Market Conditions
NOI Build-Up for 1,424 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
$59.8K $42.00/SF
− Vacancy
−$14.5K −$10.21/SF
EGI
$45.3K $31.79/SF
− OpEx
−$11.3K −$7.95/SF
NOI
$34.0K $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%
$679,120
Cap Rate 7%
$485,086
Cap Rate 9%
$377,289
Alternative Uses
Best Use
Office B
$485.1K
$424.5K – $565.9K
NOI $33,956 @ 7.0% cap · market cap 4.53%
Second Best
Retail
$358.2K
$313.4K – $417.9K
NOI $25,074 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$595.3K
$520.9K – $694.5K
NOI $41,669 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
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
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 units - For-sale office/retail building located at 4138 Williams Dr in Georgetown, TX.
Where is this office units located?
The property is located at 4138 Williams DR 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: 1,424 SF office/retail building on Williams Dr in Georgetown, TX; Built in 1978; Sits on roughly 0.70 acres
