Single-Story Professional Office
2951 Fm 1460 #1504 Georgetown, TX 78626
For Sale
$450,000
Office condo units in a professional park with over 400 feet of frontage on FM 1460 and Phase 3 underway.
Property Size1,000 SF
Price / SF$450
Days on Market477
Property Features for 2951 Fm 1460 #1504
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2024
Listing Agency:
Commerce Realty Advisors
(512) 964-8279
Listed By:
Ross McIver
Source:
Buttross
Added: Apr 3, 2025
Changed: Jul 22
Last Checked: Jul 23 at 6:58AM
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 Commerce Realty Advisors
Investment Insights
Based on property information with market context.
Highland Vista Office Park offers single-story professional office buildings developed as individual condo units, designed for small professional businesses and medical practitioners. The park is planned to include 18 buildings sized from 2,000 to 4,000 square feet, for a total of over 46,000 square feet across 46 individual condo units that can be offered for lease or sale to individual owner/occupants, tenants, or investors. As of now, 24 units (10 buildings) are completed, and Phase 3 is currently under construction.
The site is strategically positioned between IH-35 and the SH-130 toll road on FM 1460 at its intersection with Westinghouse Road. The property has over 400 feet of frontage on FM 1460, with visibility from the Westinghouse intersection and convenient access to FM 1460.
Units within the park are housed in single-story office buildings, supporting a professional campus layout within Highland Vista Office Park.
The site is strategically positioned between IH-35 and the SH-130 toll road on FM 1460 at its intersection with Westinghouse Road. The property has over 400 feet of frontage on FM 1460, with visibility from the Westinghouse intersection and convenient access to FM 1460.
Units within the park are housed in single-story office buildings, supporting a professional campus layout within Highland Vista Office Park.
Key Highlights
- Highland Vista Office Park is under development with YearBuilt listed as 2024
- Over 400 ft of frontage on FM 1460 at its intersection with Westinghouse Road
- Project includes 18 single‑story professional office buildings with sizes from 2,000 to 4,000 sq. ft.
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 | $42.0k | $42.00 |
| − Vacancy | −$10.2k | −$10.21 |
| EGI | $31.8k | $31.79 |
| − OpEx | −$7.9k | −$7.95 |
| NOI | $23.8k | $23.85 |
1,000 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$340.7K
$298.1K – $397.4K
NOI $23,846 @ 7.0% cap · market cap 5.30%
Second Best
Healthcare Medical
$259.2K
$226.8K – $302.4K
NOI $18,144 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$418.0K
$365.8K – $487.7K
NOI $29,262 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Highland Vista Office ...
Corporate Office
FAQs
What type of property is this?
Office units - Office condo units in a professional park with over 400 feet of frontage on FM 1460 and Phase 3 underway.
Where is this office units located?
The property is located at 2951 Fm 1460 #1504 Georgetown, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Highland Vista Office Park is under development with YearBuilt listed as 2024; Over 400 ft of frontage on FM 1460 at its intersection with Westinghouse Road; Project includes 18 single‑story professional office buildings with sizes from 2,000 to 4,000 sq. ft.
