Office Condo with Three
For Sale
$300,000
595 Round Rock West Drive Unit 101-102, Round Rock, TX 78681
Owner-user suite with reception, break area, and private restroom.
Property Size1,672 SF
Days on Market54
Property Features for 595 Round Rock West Drive Unit 101-102
General Information
Standard status
Active
Size
1,672 SF
Class
B
Property subtype
Office - General Office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
common area
communications wiring
Building Details
Building Size
1,672 SF
Tenancy
Single
Listing Agency:
Don Quick & Associates
Listed By:
Shelly Morgan · License ##509529
(512) 814-1825
Source:
Commercialcafe
Added: Aug 15
Changed: Oct 4
Last Checked: Oct 5 at 3:22PM
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 Don Quick & Associates
Investment Insights
Based on property information with market context.
This office condominium provides three private offices along with a reception area, break area, and private restroom. Ten-foot ceilings and communications wiring support a functional professional workspace, while the maintained common areas contribute to the overall presentation of the property. A tenant is currently in place, creating an existing occupancy arrangement for an owner-user buyer to evaluate.
The unit is positioned one block west of IH-35 and McNeil Rd, with access to Mopac and FM 620. Round Rock West Park is adjacent to the property, adding a nearby recreational setting to the surrounding office environment. The property address is 595 Round Rock West Drive, Unit 101-102, Round Rock, TX 78681.
The unit is positioned one block west of IH-35 and McNeil Rd, with access to Mopac and FM 620. Round Rock West Park is adjacent to the property, adding a nearby recreational setting to the surrounding office environment. The property address is 595 Round Rock West Drive, Unit 101-102, Round Rock, TX 78681.
Key Highlights
- Three private offices plus reception and break areas
- Private restroom and 10' ceilings
- Communications wiring throughout the office condo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,597
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,940
$531.9K
Cap Rate 7%
$379,957
$380.0K
Cap Rate 9%
$295,522
$295.5K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$50.2K $30.00/SF
− Vacancy
−$14.7K −$8.79/SF
EGI
$35.5K $21.21/SF
− OpEx
−$8.9K −$5.30/SF
NOI
$26.6K $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 Rate 5%
$531,940
Cap Rate 7%
$379,957
Cap Rate 9%
$295,522
Alternative Uses
Best Use
Office B
$380.0K
$332.5K – $443.3K
NOI $26,597 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.7K
$463.5K – $618.0K
NOI $37,078 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
Explore this area
Business Placement
Demographics for 78681, TX
57,503
Population
20,817
Households
2.8
Avg Household Size
38
Median Age
56%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
2,479
Density / Sq Mi
$136,215
Median Household Income
$62,739
Median Earnings
$1,848
Median Rent
$460,000
Median Home Value
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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 units - Owner-user suite with reception, break area, and private restroom.
Where is this office units located?
The property is located at 595 Round Rock West Drive Unit 101-102 Round Rock, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three private offices plus reception and break areas; Private restroom and 10' ceilings; Communications wiring throughout the office condo
