Connected Two-Unit
New
For Sale
$850,000
2100 Double Creek DR Unit 320/325, Round Rock, TX 78664
End-position configuration provides windows, private restrooms, mezzanine areas, and direct loading access.
Property Size2,870 SF
Days on Market7
Property Features for 2100 Double Creek DR Unit 320/325
General Information
Standard status
Active
Size
2,870 SF
Property subtype
Warehouse
Taxes and HOA fees
Annual Taxes
$11,372
Building Details
Building Size
2,870 SF
Year Built
2019
Listing Agency:
Compass RE Texas, LLC
(512) 241-1300
Listed By:
Reese Phillips · License #0628054
Source:
Denpg
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 31 at 9:31PM
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 2019 warehouse property combines Units 320 and 325 into a connected arrangement on both the main floor and mezzanine. Located at the end of the building, the space benefits from exterior windows, two private mezzanine areas, and a private restroom in each unit. Community restrooms are also available. The layout can function as one continuous workspace while retaining the flexibility of two separate units.
Loading is supported by two 14x14 bay doors, each equipped with its own opener. The configuration accommodates 4-6 vehicles indoors and allows a trailer to move through the space from end to end. Four front parking spaces are included, with two assigned to each unit. The property is in Round Rock, Texas.
Loading is supported by two 14x14 bay doors, each equipped with its own opener. The configuration accommodates 4-6 vehicles indoors and allows a trailer to move through the space from end to end. Four front parking spaces are included, with two assigned to each unit. The property is in Round Rock, Texas.
Key Highlights
- Two tandem warehouse units connected across both the main floor and mezzanine
- End‑of‑building position with exterior windows for natural light
- Two 14x14 bay doors, each with a dedicated opener
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
$33,372
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
3.93%
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%
$667,440
$667.4K
Cap Rate 7%
$476,743
$476.7K
Cap Rate 9%
$370,800
$370.8K
Market Conditions
NOI Build-Up for 2,870 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
$41.3K $14.40/SF
− Vacancy
−$2.1K −$0.72/SF
EGI
$39.3K $13.68/SF
− OpEx
−$5.9K −$2.05/SF
NOI
$33.4K $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%
$667,440
Cap Rate 7%
$476,743
Cap Rate 9%
$370,800
Alternative Uses
Best Use
Warehouse
$476.7K
$417.2K – $556.2K
NOI $33,372 @ 7.0% cap · market cap 3.93%
Second Best
Flex RnD
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$909.2K
$795.6K – $1.06M
NOI $63,645 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Balanced
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - End-position configuration provides windows, private restrooms, mezzanine areas, and direct loading access.
Where is this warehouse located?
The property is located at 2100 Double Creek DR Unit 320/325 Round Rock, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two tandem warehouse units connected across both the main floor and mezzanine; End‑of‑building position with exterior windows for natural light; Two 14x14 bay doors, each with a dedicated opener
