Round Rock Flex Warehouse
For Sale
Contact for pricing
2100 Double Creek Dr #315, Round Rock, TX 78664
Flex/warehouse unit in prime Round Rock location, ready for use.
Property Size1,040 SF
Price / SF$331.73
Days on Market94
Property Features for 2100 Double Creek Dr #315
General Information
Standard status
Active
Size
1,040 SF
Class
A
Total Parking Spaces
2
Property subtype
Industrial
Zoning
Industrial
Investment Type
Owner/User
Building Details
Year Built
2019
Buildings
1
Listing Agency:
Realty Austin
(512) 241-1300
Listed By:
Reese Phillips · License #TX 0628054
Source:
Crexi
Added: May 11
Changed: Aug 8
Last Checked: Aug 11 at 4:14PM
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 Realty Austin
Investment Insights
Based on property information with market context.
Located in Round Rock, just off SH 45 Toll, this flex/warehouse unit offers approximately 1,040 square feet of space. The unit features a 14' x 14' powered overhead garage door with windows and a 21'4" clear height. Plumbing stubs are in place for a bathroom. The space is fully insulated and includes a Carrier HVAC system with spiral ducting and a Honeywell Wi-Fi thermostat for individual heating and cooling. LED lighting is installed throughout the unit. Water access is available on the side of the building, suitable for vehicle or equipment washing. The layout is functional and adaptable to various uses, including business operations, storage, or personal use. It is turnkey and ready for immediate use. The HOA fee is $355 per month, covering water, sewer, trash, grounds maintenance, and landscaping.
Key Highlights
- Prime Round Rock location near SH 45 Toll.
- 1,040 SF flex/warehouse unit suitable for various uses.
- Features a 14' x 14' powered overhead garage door 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
$12,093
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
3.51%
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%
$241,860
$241.9K
Cap Rate 7%
$172,757
$172.8K
Cap Rate 9%
$134,367
$134.4K
Market Conditions
NOI Build-Up for 1,040 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
$15.0K $14.40/SF
− Vacancy
−$749 −$0.72/SF
EGI
$14.2K $13.68/SF
− OpEx
−$2.1K −$2.05/SF
NOI
$12.1K $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%
$241,860
Cap Rate 7%
$172,757
Cap Rate 9%
$134,367
Alternative Uses
Best Use
Warehouse
$172.8K
$151.2K – $201.6K
NOI $12,093 @ 7.0% cap · market cap 3.51%
Second Best
Flex RnD
$152.5K
$133.4K – $177.9K
NOI $10,675 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$329.5K
$288.3K – $384.4K
NOI $23,063 @ 7.0% cap · market cap 6.68%
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
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/warehouse unit in prime Round Rock location, ready for use.
Where is this flex space located?
The property is located at 2100 Double Creek Dr #315 Round Rock, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Prime Round Rock location near SH 45 Toll.; 1,040 SF flex/warehouse unit suitable for various uses.; Features a **14' x 14' powered overhead garage door** and **21'4" clear height**.
