Zoned C-1 Office/Retail
For Sale
Contact for pricing
2900 Jazz St, Round Rock, TX 78664
For-sale office building on 1.285 acres with C-1 zoning and SH-45 tollway frontage.
Property Size11,000 SF
Lot Size1.29 Acres
Price / SF$329
Days on Market1046
Property Features for 2900 Jazz St
General Information
Standard status
Active
Size
11,000 SF
Lot size
1.29 Acres
Property subtype
OFFICE
Zoning
C-1
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Brinegar Properties Commercial Brokerage
(512) 940-0188
Listed By:
Brentley Brinegar · License #589701
(512) 975-2243
Source:
Moodyscre
Added: Nov 6, 2023
Changed: Sep 4
Last Checked: Sep 16 at 8:42PM
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 Brinegar Properties Commercial Brokerage
Investment Insights
Based on property information with market context.
This for-sale office building totals 11,000 square feet on 1.285 acres and is zoned C-1. The zoning designation allows a broad mix of uses including office, retail, childcare, microbrewery, and indoor entertainment, among others. Parking is supported by a 1:166 SF parking ratio.
The property has frontage along SH-45 Tollway, providing convenient visibility and access for commercial activity. The address is 2900 Jazz St, Round Rock, TX 78664.
The property has frontage along SH-45 Tollway, providing convenient visibility and access for commercial activity. The address is 2900 Jazz St, Round Rock, TX 78664.
Key Highlights
- Zoned C‑1, allowing office, retail, childcare, microbrewery, and indoor entertainment uses
- SH‑45 Tollway frontage for high‑visibility access
- 11,000 SF building on 1.285 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
$174,983
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
4.84%
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%
$3,499,660
$3.5M
Cap Rate 7%
$2,499,757
$2.5M
Cap Rate 9%
$1,944,256
$1.9M
Market Conditions
NOI Build-Up for 11,000 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
$330.0K $30.00/SF
− Vacancy
−$96.7K −$8.79/SF
EGI
$233.3K $21.21/SF
− OpEx
−$58.3K −$5.30/SF
NOI
$175.0K $15.91/SF
Area
Round Rock, TX
Vacancy
29.30%
Lease Rate
$30.00 /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%
$3,499,660
Cap Rate 7%
$2,499,757
Cap Rate 9%
$1,944,256
Alternative Uses
Best Use
Office B
$2.50M
$2.19M – $2.92M
NOI $174,983 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.48M
$3.05M – $4.07M
NOI $243,936 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 78664, TX
60,287
Population
24,259
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
90%
High-School Grad
16.6 sq mi
ZIP Area
3,632
Density / Sq Mi
$85,919
Median Household Income
$45,700
Median Earnings
$1,645
Median Rent
$317,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - For-sale office building on 1.285 acres with C-1 zoning and SH-45 tollway frontage.
Where is this office building located?
The property is located at 2900 Jazz St Round Rock, TX.
What is the asking price?
The asking price for this property is $3,619,000.
What are key features of this property?
This property features: Zoned C‑1, allowing office, retail, childcare, microbrewery, and indoor entertainment uses; SH‑45 Tollway frontage for high‑visibility access; 11,000 SF building on 1.285 acres
