Two-Story Flex Warehouse
For Sale
$399,900
2100 Double Creek DR # 120, Round Rock, TX 78664
Two-story flex/warehouse suite with a powered overhead door, HVAC, and a finished bathroom.
Property Size1,460 SF
Price / SF$273.90
Days on Market177
Property Features for 2100 Double Creek DR # 120
General Information
Standard status
Active
Size
1,460 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Clear Height
21.3 ft
Taxes and HOA fees
Annual Taxes
$6,515
Building Details
Building Size
1,460 SF
Year Built
2019
Stories
2
Listing Agency:
Compass RE Texas, LLC
Listed By:
Reese Phillips · License #0628054
(512) 241-1300
Source:
Denpg
Added: Mar 21
Changed: Sep 2
Last Checked: Sep 13 at 11:04AM
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 RE Texas, LLC
Investment Insights
Based on property information with market context.
This two-story flex/warehouse suite totals approximately 1,460 SF, including 1,125 SF on the main level and 335 SF on a mezzanine. The unit is fully insulated and equipped with individually heated and cooled systems, featuring a Carrier HVAC setup with spiral ducting and a Honeywell Wi‑Fi thermostat. Lighting includes LED fixtures and a large ceiling fan. A 14' x 14' powered overhead garage door with windows provides vehicle access, and the unit offers 21'4" clear height. The suite includes a fully finished bathroom with hot water, along with two large side windows and a sliding glass door for natural light.
The property includes water access on the side of the building, which can support wash or cleanup activities tied to equipment or vehicles. The car lift is negotiable.
HOA is $365 per month and includes water, sewer, trash, grounds maintenance, and landscaping.
The property includes water access on the side of the building, which can support wash or cleanup activities tied to equipment or vehicles. The car lift is negotiable.
HOA is $365 per month and includes water, sewer, trash, grounds maintenance, and landscaping.
Key Highlights
- 2019‑built 2‑story flex/warehouse unit with approx. 1,460 SF total (1,125 SF main level + 335 SF mezzanine).
- 14' x 14' powered overhead garage door with windows and 21'4" clear height.
- Fully insulated space with individual Carrier HVAC, spiral ducting, and Honeywell Wi‑Fi thermostat.
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
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Current Use
Lease Details
21 ft
Clear height
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story flex/warehouse suite with a powered overhead door, HVAC, and a finished bathroom.
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: 2019‑built 2‑story flex/warehouse unit with approx. 1,460 SF total (1,125 SF main level + 335 SF mezzanine).; 14' x 14' powered overhead garage door with windows and 21'4" clear height.; Fully insulated space with individual Carrier HVAC, spiral ducting, and Honeywell Wi‑Fi thermostat.
