Versatile Commercial Property in Round
For Sale
Contact for pricing
2900 Jazz St, Round Rock, TX 78664
11,000 SF property suitable for office, retail, and more.
Property Size11,000 SF
Lot Size1.29 Acres
Price / SF$329
Days on Market191
Property Features for 2900 Jazz St
General Information
Standard status
Active
Size
11,000 SF
Class
A
Lot size
1.29 Acres
Property subtype
Office
Building Details
Year Built
2000
Buildings
1
Stories
1
Units
1
Listing Agency:
Brinegar Properties
(512) 940-0188
Listed By:
Brentley Brinegar · License #TX 589701
Source:
Crexi
Added: Feb 12
Changed: Aug 19
Last Checked: Aug 22 at 4:36AM
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 Brinegar Properties
Investment Insights
Based on property information with market context.
Located in Round Rock, Texas, the commercial property at 2900 Jazz Street offers 11,000 square feet of space on a 1.285-acre lot. Zoned C-1, the property is suitable for various businesses, including offices, retail establishments, childcare facilities, microbreweries, and indoor entertainment venues. The property benefits from frontage on SH-45 Tollway, providing high visibility and accessibility. Ample fenced parking is available, with a parking ratio of 1:166 SF. The property is positioned in a thriving community with a growing population and impressive average incomes, presenting an opportunity to establish a successful business presence.
Key Highlights
- Prime commercial property with high visibility due to SH‑45 Tollway frontage.
- Versatile C‑1 zoning allows for a wide range of business uses, including office, retail, childcare, microbrewery, and indoor entertainment.
- Large 11,000 SF space on 1.285 acres, suitable for various business needs.**
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
$174,983
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
4.84%
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%
$3,499,660
$3.5M
Cap Rate 7%
$2,499,757
$2.5M
Cap Rate 9%
$1,944,256
$1.9M
Market Conditions
NOI Build-Up for 11,000 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
$330.0K $30.00/SF
− Vacancy
−$96.7K −$8.79/SF
EGI
$233.3K $21.21/SF
− OpEx
−$58.3K −$5.30/SF
NOI
$175.0K $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%
$3,499,660
Cap Rate 7%
$2,499,757
Cap Rate 9%
$1,944,256
Alternative Uses
Best Use
Office B
$2.50M
$2.19M – $2.92M
NOI $174,983 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.48M
$3.05M – $4.07M
NOI $243,936 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
431
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 11,000 SF property suitable for office, retail, and more.
Where is this office building located?
The property is located at 2900 Jazz St Round Rock, TX.
What is the asking price?
The asking price for this property is $3,619,000.
What are key features of this property?
This property features: Prime commercial property with **high visibility due to SH‑45 Tollway frontage.**; Versatile C‑1 zoning allows for a wide range of business uses, including office, retail, childcare, microbrewery, and indoor entertainment.; Large 11,000 SF space on 1.285 acres, suitable for various business needs.**
