Flex Space With Powered Overhead
For Sale
$425,000
2100 Double Creek DR # 120, Round Rock, TX 78664
A finished, climate-controlled two-level unit includes a private bathroom and water access along the building exterior.
Property Size1,460 SF
Price / SF$291.10
Days on Market228
Property Features for 2100 Double Creek DR # 120
General Information
Standard status
Active
Size
1,460 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
21.33 ft
Mezzanine
335 SF
Conditioned Warehouse
Yes
Additional Details
Property Use
Flex/Warehouse
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:
Keri Jackson · License #0656135
(512) 659-6825
Source:
Austinchoicerealty
Added: Mar 21
Changed: Oct 31
Last Checked: Oct 30 at 11:17PM
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
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Investment Insights
Based on property information with market context.
This 1,460-square-foot flex unit has a main level of 1,125 square feet and a 335-square-foot mezzanine. Built in 2019, the two-story space features a 14' x 14' powered overhead door, 21'4" clear height, two side windows, and a sliding glass door. The finished bathroom includes hot water, and water access is available outside for washing vehicles or equipment.
Individual heating and cooling are provided by a Carrier HVAC system with spiral ducting and a Honeywell Wi-Fi thermostat. The unit is insulated and has LED lighting and a large ceiling fan. It is located in Round Rock, just off SH 45 Toll.
Individual heating and cooling are provided by a Carrier HVAC system with spiral ducting and a Honeywell Wi-Fi thermostat. The unit is insulated and has LED lighting and a large ceiling fan. It is located in Round Rock, just off SH 45 Toll.
Key Highlights
- 1,460 SF total: 1,125 SF main level and 335 SF mezzanine
- 14' x 14' powered overhead door with windows
- 21'4" clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,977
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
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
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 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 3.99%
Second Best
Flex RnD
$214.1K
$187.3K – $249.8K
NOI $14,987 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$462.5K
$404.7K – $539.6K
NOI $32,377 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
21 ft
Clear height
Yes
Highway access
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A finished, climate-controlled two-level unit includes a private bathroom and water access along the building exterior.
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 $425,000.
What are key features of this property?
This property features: 1,460 SF total: 1,125 SF main level and 335 SF mezzanine; 14' x 14' powered overhead door with windows; 21'4" clear height
