Professional Office Condo
2251 Double Creek Dr #503 Round Rock, TX 78664
2251 Double Creek Dr #503, Round Rock, TX, 78664
$280,000
For Sale
$280,000
Office condo suite features 4 offices, reception, kitchen/break area, and a private restroom with 10' ceilings.
Property Size836 SF
Price / SF$334.93
Days on Market783
Property Features for 2251 Double Creek Dr #503
General Information
- Standard status
- Active
- Size
- 836 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing agency
Keith Hutchison, Broker
(512) 940-9772
Listed by
Keith Hutchison · License #0568252
Source
Buttross
Added: May 31, 2024 Updated: Jul 21 at 2:04PM Checked: Jul 21 at 2:04PM
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.
Well maintained professional office condo suite within the Double Creek Office Condo Complex. Unit configuration includes four offices, a reception area, a kitchen/break area, and a private restroom, with 10' ceilings. HOA dues include water, trash, sewage, and exterior common area maintenance.
The complex is located in Round Rock with access to major highways, including SH 45, IH 35, TX 130, Hwy 79, and 183. It is across the street from the U.S. Post Office and close to Dell.
The suite is currently occupied under an in-place tenant lease, with cash flow ending September 30, 2026.
The complex is located in Round Rock with access to major highways, including SH 45, IH 35, TX 130, Hwy 79, and 183. It is across the street from the U.S. Post Office and close to Dell.
The suite is currently occupied under an in-place tenant lease, with cash flow ending September 30, 2026.
Key Highlights
- Office condo built in 2005 within the Double Creek Office Condo Complex
- Current tenant lease and cash flow expires September 30, 2026
- Unit features 4 offices plus a reception area, kitchen/break area, and a private restroom
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.1k | $30.00 |
| − Vacancy | −$7.3k | −$8.79 |
| EGI | $17.7k | $21.21 |
| − OpEx | −$4.4k | −$5.30 |
| NOI | $13.3k | $15.91 |
836 SF · lease $30.00/SF/yr · vacancy 29.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$190.0K
$166.2K – $221.7K
NOI $13,299 @ 7.0% cap · market cap 4.75%
Second Best
Healthcare Medical
$170.3K
$149.0K – $198.6K
NOI $11,918 @ 7.0% cap · market cap 4.26%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Classic Realty
Real Estate Agency
Hinson Singla, PLLC
Law Firm
RBN
Radio Station
Classic Property Management
Property Management Company
Focus ABA Therapy ...
Pediatrician
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office condo suite features 4 offices, reception, kitchen/break area, and a private restroom with 10' ceilings.
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: Office condo built in 2005 within the Double Creek Office Condo Complex; Current tenant lease and cash flow expires September 30, 2026; Unit features 4 offices plus a reception area, kitchen/break area, and a private restroom
