Three-Story Modern Office
For Sale
$3,950,000
211 S Brown St Round, Round Rock, TX 78664
Upper-level suites offer secured floor access and occupancy flexibility near downtown amenities.
Property Size9,888 SF
Price / SF$399.47
Days on Market195
Property Features for 211 S Brown St Round
General Information
Standard status
Active
Size
9,888 SF
Class
B
Property subtype
Multi Tenant Office
Additional Details
Highway Access
Yes
Office Units
3
Amenities
secured access
Building Details
Building Size
9,888 SF
Year Built
2021
Buildings
1
Stories
3
Tenancy
Multi
Properties For Sale
at 211 S Brown St Round Contact us- Size
- 2,971 SF
- Lease Type
- NNN
Suite #200
- Size
- 2,984 SF
- Lease Type
- NNN
Suite #300
Listing Agency:
Crossley Commercial %KW Commercial
(512) 751-0004
Listed By:
Frances Crossley · License #0624525
(512) 751-0004
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 12:37AM
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 Crossley Commercial %KW Commercial
Investment Insights
Based on property information with market context.
Built in 2021, this three-story office property contains 9,888 SF with contemporary finishes and controlled entry to each floor. Suite #100 on the first level is occupied by Gypsy Rose Hair Salon, while the second and third floors are vacant. Suite #200 ranges from 1,450 SF to 2,971 SF, and Suite #300 provides 2,984 SF. The configuration supports both continued leasing and owner occupancy across multiple levels.
The property is located at 211 S Brown St in Round Rock, directly across from Centennial Plaza and Round Rock Parks and Recreation. Downtown restaurants, bars, and entertainment are within walking distance, with quick access to IH-35. Zoning supports retail, office, and medical office uses.
The property is located at 211 S Brown St in Round Rock, directly across from Centennial Plaza and Round Rock Parks and Recreation. Downtown restaurants, bars, and entertainment are within walking distance, with quick access to IH-35. Zoning supports retail, office, and medical office uses.
Key Highlights
- 9,888 SF office building constructed in 2021
- Three‑story configuration with secured access to each floor
- First‑floor Suite #100 occupied by Gypsy Rose Hair Salon
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
$157,293
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
3.98%
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%
$3,145,860
$3.1M
Cap Rate 7%
$2,247,043
$2.2M
Cap Rate 9%
$1,747,700
$1.7M
Market Conditions
NOI Build-Up for 9,888 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
$296.6K $30.00/SF
− Vacancy
−$86.9K −$8.79/SF
EGI
$209.7K $21.21/SF
− OpEx
−$52.4K −$5.30/SF
NOI
$157.3K $15.91/SF
Area
Round Rock, TX
Vacancy
29.30%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,145,860
Cap Rate 7%
$2,247,043
Cap Rate 9%
$1,747,700
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.62M
NOI $157,293 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $219,276 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,821
Businesses Nearby
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 Office 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?
Office building - Upper-level suites offer secured floor access and occupancy flexibility near downtown amenities.
Where is this office building located?
The property is located at 211 S Brown St Round Round Rock, TX.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 9,888 SF office building constructed in 2021; Three‑story configuration with secured access to each floor; First‑floor Suite #100 occupied by Gypsy Rose Hair Salon
