Stand-Alone Retail Building with Secondary
For Sale
Contact for pricing
302 East Main Street, Round Rock, TX 78664
Stand-alone retail building on East Main Street with a secondary rear structure for storage, office, or workshop use.
Property Size1,552 SF
Price / SF$515.46
Days on Market82
Property Features for 302 East Main Street
General Information
Standard status
Active
Size
1,552 SF
Class
B
Property subtype
Retail, Office
Zoning
MU-1
Lease Type
NNN
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
Brinegar Properties
Listed By:
Brentley Brinegar · License #TX 589701
(512) 940-0188
Source:
Crexi
Added: Jun 18
Changed: Sep 3
Last Checked: Sep 6 at 8:53PM
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.
A stand-alone retail building offering 1,552 SF of space on approximately 0.17 acres at 302 East Main Street. The property includes a secondary building behind the main structure, providing additional flexibility for storage, inventory, office space, workshop use, or expanded operations. The site is described as having flexible MU-1 zoning suitable for a range of customer-focused concepts.
Positioned in Downtown Round Rock along East Main Street, the property is surrounded by restaurants, shops, entertainment venues, and year-round community events.
Available for sale or lease, the offering is well-suited to an owner-user or investor seeking a distinctive downtown storefront presence with on-site additional space for back-of-house and operational needs.
Positioned in Downtown Round Rock along East Main Street, the property is surrounded by restaurants, shops, entertainment venues, and year-round community events.
Available for sale or lease, the offering is well-suited to an owner-user or investor seeking a distinctive downtown storefront presence with on-site additional space for back-of-house and operational needs.
Key Highlights
- 1,552 SF stand‑alone retail building at 302 E Main St in downtown Round Rock
- Approximately 0.17 acres along East Main Street
- Secondary rear building for storage, inventory, office, or workshop use
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
$28,965
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
3.62%
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%
$579,300
$579.3K
Cap Rate 7%
$413,786
$413.8K
Cap Rate 9%
$321,833
$321.8K
Market Conditions
NOI Build-Up for 1,552 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
$42.8K $27.60/SF
− Vacancy
−$1.5K −$0.94/SF
EGI
$41.4K $26.66/SF
− OpEx
−$12.4K −$8.00/SF
NOI
$29.0K $18.66/SF
Area
Round Rock, TX
Vacancy
3.40%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
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%
$579,300
Cap Rate 7%
$413,786
Cap Rate 9%
$321,833
Alternative Uses
Best Use
Retail
$413.8K
$362.1K – $482.8K
NOI $28,965 @ 7.0% cap · market cap 3.62%
Second Best
Office B
$352.7K
$308.6K – $411.5K
NOI $24,688 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$491.7K
$430.2K – $573.6K
NOI $34,417 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,961
Businesses Nearby
Balanced
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?
Storefront property - Stand-alone retail building on East Main Street with a secondary rear structure for storage, office, or workshop use.
Where is this storefront property located?
The property is located at 302 East Main Street Round Rock, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1,552 SF stand‑alone retail building at 302 E Main St in downtown Round Rock; Approximately 0.17 acres along East Main Street; Secondary rear building for storage, inventory, office, or workshop use
