Multi-Tenant Office
New
For Sale
$7,500,000
1930/1970 Rawhide Dr Round, Round Rock, TX 78681
Five buildings provide a fully occupied commercial setting with office, medical, and retail service users.
Property Size25,785 SF
Price / SF$290.87
Days on Market2
Property Features for 1930/1970 Rawhide Dr Round
General Information
Standard status
Active
Size
25,785 SF
Class
B
Property subtype
Office
Occupancy
100%
Additional Details
Asking Price
$7,500,000
Building Details
Building Size
25,785 SF
Year Built
2004
Buildings
5
Tenancy
Multi
Listing Agency:
Don Quick & Associates
(512) 814-1825
Listed By:
Shelly Morgan · License #TX #509529
Source:
Donquick
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 5:19AM
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.
Chisholm Trail Office Suites comprises five buildings within a multi-tenant office and retail condominium park totaling ±25,785 SF. Constructed in 2004, the property accommodates 21 office, medical, and retail service tenants across the campus.
The park is situated at 1930 and 1970 Rawhide Drive in south Round Rock. Occupancy is reported at 100%, with zero vacancy on the July 2026 rent roll, providing a fully leased operating profile for an office-focused commercial asset.
The park is situated at 1930 and 1970 Rawhide Drive in south Round Rock. Occupancy is reported at 100%, with zero vacancy on the July 2026 rent roll, providing a fully leased operating profile for an office-focused commercial asset.
Key Highlights
- ±25,785 SF across five buildings
- 21 office, medical, and retail service tenants
- 100% leased
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
$481,229
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
6.42%
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%
$9,624,580
$9.6M
Cap Rate 7%
$6,874,700
$6.9M
Cap Rate 9%
$5,346,989
$5.3M
Market Conditions
NOI Build-Up for 25,785 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
$711.7K $27.60/SF
− Vacancy
−$24.2K −$0.94/SF
EGI
$687.5K $26.66/SF
− OpEx
−$206.2K −$8.00/SF
NOI
$481.2K $18.66/SF
Area
Round Rock, TX
Vacancy
3.40%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
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%
$9,624,580
Cap Rate 7%
$6,874,700
Cap Rate 9%
$5,346,989
Alternative Uses
Best Use
Retail
$6.87M
$6.02M – $8.02M
NOI $481,229 @ 7.0% cap · market cap 6.42%
Second Best
Office B
$5.86M
$5.13M – $6.84M
NOI $410,175 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$8.17M
$7.15M – $9.53M
NOI $571,808 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,359
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Five buildings provide a fully occupied commercial setting with office, medical, and retail service users.
Where is this office building located?
The property is located at 1930/1970 Rawhide Dr Round Round Rock, TX.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: ±25,785 SF across five buildings; 21 office, medical, and retail service tenants; 100% leased
