Industrial Warehouse with Office
For Sale
Contact for pricing
Pending
2336 Picadilly Dr, Round Rock, TX 78664
Warehouse and office space with convenient access to major Austin-area thoroughfares.
Property Size21,731 SF
Days on Market100
Property Features for 2336 Picadilly Dr
General Information
Standard status
Pending
Size
21,731 SF
Total Parking Spaces
96
Property subtype
Office, Industrial
Zoning
Light industrial/commercial use
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Buildings
2
Listing Agency:
Cook Commercial Real Estate
Listed By:
Josh Cook · License #TX 9004236
(512) 656-2964
Source:
Crexi
Added: Jun 2
Changed: Aug 8
Last Checked: Jul 24 at 6:54PM
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 Cook Commercial Real Estate
Investment Insights
Based on property information with market context.
Industrial warehouse property with associated office units, totaling 21,731 square feet, offered for sale as a single commercial asset.
The property is located in the Austin-Round Rock-San Marcos MSA and is described as having strong connectivity to IH-35 and SH-45, along with access to major Austin-area thoroughfares. It is noted as being proximate to suppliers for Dell, Samsung, and Tesla, as well as regional technology and manufacturing operations. Demographic information provided includes a population exceeding 265,000 within a 5-mile radius, with median household income approaching $95,000, and continued projected growth through 2030.
For buyers seeking an industrial warehouse configuration that also supports on-site office functions, this offering provides a combined workplace setup in the Round Rock area. The demonstrated focus on regional connectivity to core highways and nearby technology and manufacturing supply activity may be attractive for distribution, logistics, light industrial operations, or companies that require both functional warehouse space and dedicated administrative space.
The property is located in the Austin-Round Rock-San Marcos MSA and is described as having strong connectivity to IH-35 and SH-45, along with access to major Austin-area thoroughfares. It is noted as being proximate to suppliers for Dell, Samsung, and Tesla, as well as regional technology and manufacturing operations. Demographic information provided includes a population exceeding 265,000 within a 5-mile radius, with median household income approaching $95,000, and continued projected growth through 2030.
For buyers seeking an industrial warehouse configuration that also supports on-site office functions, this offering provides a combined workplace setup in the Round Rock area. The demonstrated focus on regional connectivity to core highways and nearby technology and manufacturing supply activity may be attractive for distribution, logistics, light industrial operations, or companies that require both functional warehouse space and dedicated administrative space.
Key Highlights
- Warehouse and office space with convenient access to major Austin‑area thoroughfares
- Convenient connectivity to IH‑35 and SH‑45
- Within the Austin‑Round Rock‑San Marcos MSA, with population exceeding 265,000 within a 5‑mile radius
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
$345,686
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
5.32%
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%
$6,913,720
$6.9M
Cap Rate 7%
$4,938,371
$4.9M
Cap Rate 9%
$3,840,956
$3.8M
Market Conditions
NOI Build-Up for 21,731 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
$651.9K $30.00/SF
− Vacancy
−$191.0K −$8.79/SF
EGI
$460.9K $21.21/SF
− OpEx
−$115.2K −$5.30/SF
NOI
$345.7K $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%
$6,913,720
Cap Rate 7%
$4,938,371
Cap Rate 9%
$3,840,956
Alternative Uses
Best Use
Office B
$4.94M
$4.32M – $5.76M
NOI $345,686 @ 7.0% cap · market cap 5.32%
Second Best
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,688 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$6.88M
$6.02M – $8.03M
NOI $481,907 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and office space with convenient access to major Austin-area thoroughfares.
Where is this warehouse located?
The property is located at 2336 Picadilly Dr Round Rock, TX.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Warehouse and office space with convenient access to major Austin‑area thoroughfares; Convenient connectivity to IH‑35 and SH‑45; Within the Austin‑Round Rock‑San Marcos MSA, with population exceeding 265,000 within a 5‑mile radius
