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Office Campus with Redevelopment Potential

1514-1518 E Palm Valley Blvd, Round Rock, TX

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For Sale

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29,461 SF office campus on 5.47 acres for sale.

Type:OFFICE

Property size:

29,461 SF

Lot size:

5.35 Acres

Price / SF:

$268/SF

HighLights

100% leased, cash‑flowing property provides stable investment.
Significant upside potential through future redevelopment: add +/- 4,900 SF or 10,000 SF building.
Below‑market rents offer opportunity to increase revenue as leases expire.
Over eight years remaining on the largest tenant's lease.
Prime location in Round Rock, near Downtown, Kalahari Resort, and Dell Diamond.
29,461 SF office campus comprised of 6 buildings on 5.47 acres.

We can help!

Listing Contact

Darren Quick

Learn more

For Sale

Contact for pricing

29,461 SF office campus on 5.47 acres for sale.

Type:OFFICE

Property size:

29,461 SF

Lot size:

5.35 Acres

Price / SF:

$268/SF

Added:: May 10, 2024
Days on Market:: 762
Last Refresh:: May 20 at 8:12 pm

Property Features for 1514-1518 E Palm Valley Blvd

General Information

Standard status: Active
Size: 29,461 SF
Lot size: 5.35 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Darren Quick

Listing agent Darren Quick License #443913

Listing office Don Quick & Associates, Inc.

Listing date May 10, 2024

Source Moodyscre

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, Inc.

HighLights

100% leased, cash‑flowing property provides stable investment.
Significant upside potential through future redevelopment: add +/- 4,900 SF or 10,000 SF building.
Below‑market rents offer opportunity to increase revenue as leases expire.
Over eight years remaining on the largest tenant's lease.
Prime location in Round Rock, near Downtown, Kalahari Resort, and Dell Diamond.
29,461 SF office campus comprised of 6 buildings on 5.47 acres.

Overview

The Merrell Campus is a 29,461 square foot office campus comprising 6 buildings situated on 5.47 acres. Located in Round Rock, the campus is less than two miles from Downtown Round Rock and minutes from The Kalahari Resort and Convention Center and Dell Diamond. The property is currently 100% leased, presenting a stable, cash-flowing investment opportunity. The lease term for the largest tenant has over eight years remaining, with no other leases set to expire until Q3 2022. There is potential for future redevelopment, with options to add approximately 4,900 square feet or replace an existing building with a 10,000 square foot structure. The current rents are below market, offering an opportunity to increase rates as leases expire. A TXDOT construction project to improve safety and traffic flow on HWY 79 between IH 35 and A.W. Grimes is scheduled to begin in 2023.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$883.8k	$30.00
− Vacancy	−$259.0k	−$8.79
EGI	$624.9k	$21.21
− OpEx	−$156.2k	−$5.30
NOI	$468.7k	$15.91

29,461 SF · lease $30.00/SF/yr · vacancy 29.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$6.70M

$5.86M – $7.81M (±1% cap)

NOI $468,651 @ 7.0% cap · market cap 5.93%

Second Best

—

no second resolved use

Theoretical Best

Office A

$9.33M

$8.17M – $10.89M (±1% cap)

NOI $653,327 @ 7.0% cap · market cap 8.27%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Round Rock
County: Williamson
State: Texas
Longitude: -97.6621
Latitude: 30.5182

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For sale
Office buildings
TX
Round Rock
1514-1518 E Palm Valley Blvd

What type of property is this?

Office building - 29,461 SF office campus on 5.47 acres for sale.

Where is this office building located?

The property is located at 1514-1518 E Palm Valley Blvd Round Rock, TX.

What is the asking price?

The asking price for this property is $7,900,000.

What are key features of this property?

This property features: 100% leased, cash‑flowing property provides stable investment.; Significant upside potential through future redevelopment: add +/- 4,900 SF or 10,000 SF building.; Below‑market rents offer opportunity to increase revenue as leases expire.

1514-1518 E Palm Valley Blvd, Round Rock, TX

29,461 SF office campus on 5.47 acres for sale.

Property Features for 1514-1518 E Palm Valley Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Professional Office Condo in Round Rock

Net-Zero Ready Townhome Units

Professional Office Condo For Sale

Professional Office Condo For Sale

Restaurant Building with Brushy Creek Frontage

Freestanding Industrial Building in Round Rock

Modern Office Condominiums in Round Rock

Modern Office Condos in Round Rock

Modern Office Condos in Round Rock

Office Suite with Four Private Offices

Versatile Commercial Property in Round Rock

Professional Office Condo For Sale

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