Remodeled End-Unit Office
For Sale
$318,000
3000 Joe Dimaggio BLVD, Round Rock, TX 78665
Flexible office layout with private rooms, a kitchenette, central air, and four shared parking spaces.
Property Size920 SF
Price / SF$345.65
Days on Market103
Property Features for 3000 Joe Dimaggio BLVD
General Information
Standard status
Active
Size
920 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$6,123
Amenities
Central Air
3
Parking.
4 Parking Spaces. Shared Driveway, Lot, Paved Driveway.
Asphalt.
Building Details
Year Built
2007
Listing Agency:
Coldwell Banker Realty
(512) 343-7500
Listed By:
Jonathan Duarte
(512) 576-7725
Source:
Xome
Added: May 26
Changed: Sep 2
Last Checked: Sep 4 at 3:07AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 920-square-foot office condo is configured with a reception area, open conference room, three private offices, a kitchenette, private bathroom, and storage closet. The end-unit position provides added privacy and natural light. Recent improvements include new flooring, fresh paint, refinished kitchenette cabinets, a new backsplash, and modern pocket doors at the front office. Central air serves the space, which was built in 2007.
The condo is located at 3000 Joe Dimaggio BLVD in Round Rock, across from Kalahari Resort and Conventions and Dell Diamond. The property includes four parking spaces, with access provided by a shared paved driveway.
The condo is located at 3000 Joe Dimaggio BLVD in Round Rock, across from Kalahari Resort and Conventions and Dell Diamond. The property includes four parking spaces, with access provided by a shared paved driveway.
Key Highlights
- 920‑square‑foot office condo with reception area, conference room, 3 private offices, kitchenette, bathroom, and storage
- End‑unit layout offers added privacy and natural light
- Recent updates include flooring, paint, kitchenette finishes, and modern pocket doors
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
$14,635
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
4.60%
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%
$292,700
$292.7K
Cap Rate 7%
$209,071
$209.1K
Cap Rate 9%
$162,611
$162.6K
Market Conditions
NOI Build-Up for 920 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
$27.6K $30.00/SF
− Vacancy
−$8.1K −$8.79/SF
EGI
$19.5K $21.21/SF
− OpEx
−$4.9K −$5.30/SF
NOI
$14.6K $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%
$292,700
Cap Rate 7%
$209,071
Cap Rate 9%
$162,611
Alternative Uses
Best Use
Office B
$209.1K
$182.9K – $243.9K
NOI $14,635 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.5K
$255.0K – $340.0K
NOI $20,402 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 78665, TX
61,577
Population
24,678
Households
2.5
Avg Household Size
35
Median Age
52%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
2,555
Density / Sq Mi
$117,240
Median Household Income
$58,138
Median Earnings
$1,945
Median Rent
$438,700
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 units - Flexible office layout with private rooms, a kitchenette, central air, and four shared parking spaces.
Where is this office units located?
The property is located at 3000 Joe Dimaggio BLVD Round Rock, TX.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: 920‑square‑foot office condo with reception area, conference room, 3 private offices, kitchenette, bathroom, and storage; End‑unit layout offers added privacy and natural light; Recent updates include flooring, paint, kitchenette finishes, and modern pocket doors
