For Sale
$280,000
2251 Double Creek Dr 503, Round Rock, TX 78664
Office Units
Property Size836 SF
Lot Size11.83 Acres
Days on Market211
Property Features for 2251 Double Creek Dr 503
General Information
Standard status
Active
Size
836 SF
Lot size
11.83 Acres
Property subtype
Commercial
Building Details
Building Size
836 SF
Year Built
2005
Listing Agency:
Keith Hutchison, Broker
Listed By:
Keith Hutchison · License #0568252
(512) 940-9772
Source:
Elliman
Added: Mar 10
Changed: Aug 12
Last Checked: Aug 12 at 9:54AM
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 Keith Hutchison, Broker
Investment Insights
Based on property information with market context.
Key Highlights
- Tenant lease and cash flow in place until September 30, 2026, providing immediate income.
- Excellent central location in Round Rock with close proximity to major highways (SH45, IH35, TX 130, Hwy 79 & 183).
- Well‑maintained professional office condo suitable for a variety of businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,299
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,980
$266.0K
Cap Rate 7%
$189,986
$190.0K
Cap Rate 9%
$147,767
$147.8K
Market Conditions
NOI Build-Up for 836 SF
Gross rent
$25.1K $30.00/SF
− Vacancy
−$7.3K −$8.79/SF
EGI
$17.7K $21.21/SF
− OpEx
−$4.4K −$5.30/SF
NOI
$13.3K $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 Rate 5%
$265,980
Cap Rate 7%
$189,986
Cap Rate 9%
$147,767
Alternative Uses
Best Use
Office B
$190.0K
$166.2K – $221.7K
NOI $13,299 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.8K
$231.7K – $309.0K
NOI $18,539 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
662
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this office units located?
The property is located at 2251 Double Creek Dr 503 Round Rock, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Tenant lease and cash flow in place until September 30, 2026, providing immediate income.; Excellent central location in Round Rock with close proximity to major highways (SH45, IH35, TX 130, Hwy 79 & 183).; Well‑maintained professional office condo suitable for a variety of businesses.
