Four-Office Suite with
For Sale
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2261 Gattis School Road #135, Round Rock, TX 78664
Office condominium features a reception area and a separate kitchen and break area.
Property Size1,022 SF
Price / SF$2.59
Days on Market43
Property Features for 2261 Gattis School Road #135
General Information
Standard status
Active
Size
1,022 SF
Property subtype
Office
Site & Location
Neighborhood
South Creek
Additional Details
Condition
Move-in Ready
Property Use
Office
Building Details
Year Built
2022
Listing Agency:
Cavalier Real Estate
(512) 656-5787
Listed By:
Richard Spencer
(512) 826-4334
Source:
Hoydenhomes
Added: Sep 22
Changed: Nov 1
Last Checked: Nov 3 at 7:41AM
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 Cavalier Real Estate
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Investment Insights
Based on property information with market context.
This office condominium offers 1,022 square feet arranged as four large offices, a reception area, and a kitchen/break area. The suite was built in 2022 and has finished interior improvements. Open parking is available on site.
Located at 2261 Gattis School Road in Round Rock, the property is identified as Unit 135.
Located at 2261 Gattis School Road in Round Rock, the property is identified as Unit 135.
Key Highlights
- 1,022‑square‑foot office condominium
- Four large offices, reception area, and kitchen/break area
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,257
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,140
$325.1K
Cap Rate 7%
$232,243
$232.2K
Cap Rate 9%
$180,633
$180.6K
Market Conditions
NOI Build-Up for 1,022 SF
Gross rent
$30.7K $30.00/SF
− Vacancy
−$9.0K −$8.79/SF
EGI
$21.7K $21.21/SF
− OpEx
−$5.4K −$5.30/SF
NOI
$16.3K $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%
$325,140
Cap Rate 7%
$232,243
Cap Rate 9%
$180,633
Alternative Uses
Best Use
Office B
$232.2K
$203.2K – $271.0K
NOI $16,257 @ 7.0% cap · market cap 613.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.8K
$283.3K – $377.7K
NOI $22,664 @ 7.0% cap · market cap 855.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office condominium features a reception area and a separate kitchen and break area.
Where is this office unit located?
The property is located at 2261 Gattis School Road #135 Round Rock, TX.
What are key features of this property?
This property features: 1,022‑square‑foot office condominium; Four large offices, reception area, and kitchen/break area; Built in 2022
