Professional Office Condo
2251 Double Creek Dr Unit 203 Round Rock, TX 78664
2251 Double Creek Dr Unit 203, Round Rock, TX, 78664
$280,000
For Sale
$280,000
Office condo suite with four offices, reception, kitchen break area, private restroom, and 10' ceilings.
Property Size836 SF
Price / SF$334.93
Days on Market833
Property Features for 2251 Double Creek Dr Unit 203
General Information
- Standard status
- Active
- Size
- 836 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing agency
Keith Hutchison, Broker
(512) 940-9772
Listed by
Keith Hutchison · License #0568252
(512) 940-9772
Source
Xome
Added: Apr 10, 2024 Updated: Jul 21 at 8:03AM Checked: Jul 21 at 8:03AM
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 Keith Hutchison, Broker
Investment Insights
Based on property information with market context.
Freshly painted Professional Office condo unit 203 is for sale with a current tenant in place through July 31, 2026. The suite is configured with four offices, a reception area, a kitchen/break area, and a private restroom, with 10' ceilings throughout. A new 3-ton Carrier HVAC system was installed in September 2022.
The Double Creek Office Complex is described as being centrally located in Round Rock with proximity to major highways SH 45, IH 35, TX 130, Hwy 79, and 183. The property is across the street from the U.S. Post Office and noted as being close to Dell.
HOA dues are stated to include water, trash, sewage, and exterior common area maintenance.
The Double Creek Office Complex is described as being centrally located in Round Rock with proximity to major highways SH 45, IH 35, TX 130, Hwy 79, and 183. The property is across the street from the U.S. Post Office and noted as being close to Dell.
HOA dues are stated to include water, trash, sewage, and exterior common area maintenance.
Key Highlights
- Professional office condo suite (Unit 203) with 4 offices, reception area, kitchen/break area, and a private restroom
- 10' ceilings throughout the suite
- 3‑Ton Carrier HVAC installed Sept 9, 2022; central air and heating are included
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.1k | $30.00 |
| − Vacancy | −$7.3k | −$8.79 |
| EGI | $17.7k | $21.21 |
| − OpEx | −$4.4k | −$5.30 |
| NOI | $13.3k | $15.91 |
836 SF · lease $30.00/SF/yr · vacancy 29.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$190.0K
$166.2K – $221.7K
NOI $13,299 @ 7.0% cap · market cap 4.75%
Second Best
Healthcare Medical
$170.3K
$149.0K – $198.6K
NOI $11,918 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$264.8K
$231.7K – $309.0K
NOI $18,539 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Classic Realty
Real Estate Agency
Hinson Singla, PLLC
Law Firm
RBN
Radio Station
Classic Property Management
Property Management Company
Focus ABA Therapy ...
Pediatrician
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FAQs
What type of property is this?
Office units - Office condo suite with four offices, reception, kitchen break area, private restroom, and 10' ceilings.
Where is this office units located?
The property is located at 2251 Double Creek Dr Unit 203 Round Rock, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Professional office condo suite (Unit 203) with 4 offices, reception area, kitchen/break area, and a private restroom; 10' ceilings throughout the suite; 3‑Ton Carrier HVAC installed Sept 9, 2022; central air and heating are included
