Industrial Condo with Office
For Sale
Contact for pricing
2250 Co Rd 172, Round Rock, TX 78681
Industrial condo unit includes office space and a mezzanine for added usable area.
Property Size1,125 SF
Price / SF$354.67
Days on Market74
Property Features for 2250 Co Rd 172
General Information
Standard status
Active
Size
1,125 SF
Property subtype
INDUSTRIAL
Listing Agency:
Don Quick & Associates, Inc.
(512) 814-1813
Listed By:
Caitlin Morales · License #681664-SA
Source:
Moodyscre
Added: Jun 10
Changed: Aug 17
Last Checked: Aug 21 at 8:49AM
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 Don Quick & Associates, Inc.
Investment Insights
Based on property information with market context.
This offering is an industrial condo unit designed to combine warehouse functionality with office support. The space includes an office and a mezzanine, providing a practical layout for users who need dedicated work space alongside industrial or storage areas.
The property is located at 2250 Co Rd 172 in Round Rock, Texas. As an industrial condo, it is structured as a unit within a broader property context rather than a standalone industrial facility.
For buyers seeking a smaller industrial footprint, this configuration can suit operations that require an onsite office component and additional mezzanine area for workflow, storage, or other internal uses. The combination of office and mezzanine is particularly helpful for teams that want to keep administrative functions close to day-to-day industrial activity.
The property is located at 2250 Co Rd 172 in Round Rock, Texas. As an industrial condo, it is structured as a unit within a broader property context rather than a standalone industrial facility.
For buyers seeking a smaller industrial footprint, this configuration can suit operations that require an onsite office component and additional mezzanine area for workflow, storage, or other internal uses. The combination of office and mezzanine is particularly helpful for teams that want to keep administrative functions close to day-to-day industrial activity.
Key Highlights
- Industrial condo unit
- Includes office space
- Features a mezzanine for added usable area
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
$11,548
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
2.89%
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%
$230,960
$231.0K
Cap Rate 7%
$164,971
$165.0K
Cap Rate 9%
$128,311
$128.3K
Market Conditions
NOI Build-Up for 1,125 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
$18.9K $16.80/SF
− Vacancy
−$1.1K −$1.01/SF
EGI
$17.8K $15.79/SF
− OpEx
−$6.2K −$5.53/SF
NOI
$11.5K $10.26/SF
Area
Round Rock, TX
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$230,960
Cap Rate 7%
$164,971
Cap Rate 9%
$128,311
Alternative Uses
Best Use
Flex RnD
$165.0K
$144.4K – $192.5K
NOI $11,548 @ 7.0% cap · market cap 2.89%
Second Best
Industrial
$153.9K
$134.7K – $179.6K
NOI $10,773 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$356.4K
$311.9K – $415.8K
NOI $24,948 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78681, TX
57,503
Population
20,817
Households
2.8
Avg Household Size
38
Median Age
56%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
2,479
Density / Sq Mi
$136,215
Median Household Income
$62,739
Median Earnings
$1,848
Median Rent
$460,000
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 - Industrial condo unit includes office space and a mezzanine for added usable area.
Where is this flex space located?
The property is located at 2250 Co Rd 172 Round Rock, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Industrial condo unit; Includes office space; Features a mezzanine for added usable area
