General Office
For Sale
Contact for pricing
2251 Double Creek Drive, Round Rock, TX 78664
Office space within a 28-unit commercial property.
Property Size836 SF
Price / SF$370.81
Days on Market51
Property Features for 2251 Double Creek Drive
General Information
Standard status
Active
Size
836 SF
Property subtype
Office
Zoning
General Office
Occupancy
100%
Building Details
Year Built
2003
Stories
1
Units
28
Tenancy
Single
Listing Agency:
Dube's Commercial, Inc.
Listed By:
Robert Dube · License #TX 365515
Source:
Crexi
Added: Jul 30
Changed: Sep 5
Last Checked: Sep 18 at 4:32AM
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 Dube's Commercial, Inc.
Investment Insights
Based on property information with market context.
Unit #401 at 2251 Double Creek Drive provides 836 square feet of office space within a 28-unit property. The building was constructed in 2003 and carries General Office zoning.
The property is located in Round Rock, Texas, with the listed address at 2251 Double Creek Drive, Unit #401.
The property is located in Round Rock, Texas, with the listed address at 2251 Double Creek Drive, Unit #401.
Key Highlights
- 836 SF office unit
- Part of a 28‑unit property
- General Office zoning
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
$13,299
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
4.29%
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%
$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
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
$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 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%
$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 4.29%
Second Best
Healthcare Medical
$170.3K
$149.0K – $198.6K
NOI $11,918 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$264.8K
$231.7K – $309.0K
NOI $18,539 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office space within a 28-unit commercial property.
Where is this office units located?
The property is located at 2251 Double Creek Drive Round Rock, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 836 SF office unit; Part of a 28‑unit property; General Office zoning
