Round Rock Flex Warehouse
For Sale
$399,900
2100 Double Creek Dr 120, Round Rock, TX 78664
Two-story flex/warehouse unit with excellent natural light and modern amenities.
Property Size1,460 SF
Lot Size0.03 Acres
Price / SF$273.90
Days on Market138
Property Features for 2100 Double Creek Dr 120
General Information
Standard status
Active
Size
1,460 SF
Lot size
0.03 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$6,515
Building Details
Building Size
1,460 SF
Year Built
2019
Listing Agency:
Compass
(512) 639-0954
Listed By:
Reese Phillips · License #0628054
(512) 639-0954
Source:
Elliman
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 8 at 6:26AM
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 Compass
Investment Insights
Based on property information with market context.
Located in Round Rock, just off SH 45 Toll, this two-story flex/warehouse unit offers approximately 1,460 square feet of space, including 1,125 square feet on the main level and a 335-square-foot mezzanine. The unit benefits from two large side windows and a sliding glass door, providing ample natural light. It features a 14’ x 14’ powered overhead garage door with windows, a clear height of 21’4”, and a finished bathroom with hot water. The space is fully insulated and equipped with an individually heated/cooled Carrier HVAC system, spiral ducting, and a Honeywell Wi-Fi thermostat. LED lighting and a large ceiling fan are installed throughout. Water access is available on the side of the building. The layout is suitable for various uses, including business operations, storage, or personal use. The Homeowner's Association fee is $365 per month, covering water, sewer, trash, grounds maintenance, and landscaping. The unit is turnkey and ready for immediate use.
Key Highlights
- Prime Round Rock location with easy access to SH 45 Toll.
- 1,460 SF flex/warehouse unit with 1,125 SF main level and 335 SF mezzanine.
- Features a 14’ x 14’ powered overhead garage door with windows and 21’4” clear height.
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
$16,977
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
4.25%
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%
$339,540
$339.5K
Cap Rate 7%
$242,529
$242.5K
Cap Rate 9%
$188,633
$188.6K
Market Conditions
NOI Build-Up for 1,460 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
$21.0K $14.40/SF
− Vacancy
−$1.1K −$0.72/SF
EGI
$20.0K $13.68/SF
− OpEx
−$3.0K −$2.05/SF
NOI
$17.0K $11.63/SF
Area
Round Rock, TX
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
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%
$339,540
Cap Rate 7%
$242,529
Cap Rate 9%
$188,633
Alternative Uses
Best Use
Warehouse
$242.5K
$212.2K – $283.0K
NOI $16,977 @ 7.0% cap · market cap 4.25%
Second Best
Flex RnD
$214.1K
$187.3K – $249.8K
NOI $14,987 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$462.5K
$404.7K – $539.6K
NOI $32,377 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-story flex/warehouse unit with excellent natural light and modern amenities.
Where is this flex space located?
The property is located at 2100 Double Creek Dr 120 Round Rock, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Prime Round Rock location with easy access to SH 45 Toll.; 1,460 SF flex/warehouse unit with 1,125 SF main level and 335 SF mezzanine.; Features a 14’ x 14’ powered overhead garage door with windows and 21’4” clear height.
