Two-Unit Office
For Sale
$315,000
3309 Forest Creek Dr #502, Round Rock, TX 78664
A connected office layout can serve as one larger suite or be separated into two independently entered units.
Property Size730 SF
Price / SF$431.51
Days on Market160
Property Features for 3309 Forest Creek Dr #502
General Information
Standard status
Active
Size
730 SF
Property subtype
Commercial
Site & Location
Neighborhood
Forest Creek
Highway Access
Yes
Additional Details
Office Units
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,410
Building Details
Building Size
730 SF
Year Built
2020
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty Lone Star
(512) 994-0247
Listed By:
Robert Fischer · License #0538860
(512) 531-2888
Source:
Devillarproperties
Added: May 19
Changed: Oct 23
Last Checked: Oct 23 at 5:51PM
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 Keller Williams Realty Lone Star
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Investment Insights
Based on property information with market context.
Units 502 and 503 are connected office condominiums built in 2020, with separate entrances and the option to restore a reception divider. In the combined configuration, the space includes a central reception area, 6–8 private offices depending on layout, and two conference rooms or additional offices. Each side has a break area, ADA restroom, and dedicated server/IT closet. Interior details include tall ceilings, wood-look tile, recessed lighting, ceiling fans, plantation shutters, and glass office doors. Some furniture may be negotiable with the sale.
The property is in Forest Creek Office Condominiums in Round Rock, with access to I-35, SH-45 Toll, and SH-130. Dell, Samsung, Emerson, Amazon, Tesla, and the Kalahari Resort development are identified as nearby employers or development. Austin-Bergstrom International Airport is approximately 30 minutes away.
The property is in Forest Creek Office Condominiums in Round Rock, with access to I-35, SH-45 Toll, and SH-130. Dell, Samsung, Emerson, Amazon, Tesla, and the Kalahari Resort development are identified as nearby employers or development. Austin-Bergstrom International Airport is approximately 30 minutes away.
Key Highlights
- Two connected office condominium units, 502 and 503, built in 2020
- Combined configuration provides 6–8 private offices and two conference rooms or additional offices
- Each side has a break area, ADA restroom, separate entrance, and dedicated server/IT closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,612
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,240
$232.2K
Cap Rate 7%
$165,886
$165.9K
Cap Rate 9%
$129,022
$129.0K
Market Conditions
NOI Build-Up for 730 SF
Gross rent
$21.9K $30.00/SF
− Vacancy
−$6.4K −$8.79/SF
EGI
$15.5K $21.21/SF
− OpEx
−$3.9K −$5.30/SF
NOI
$11.6K $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 Rate 5%
$232,240
Cap Rate 7%
$165,886
Cap Rate 9%
$129,022
Alternative Uses
Best Use
Office B
$165.9K
$145.2K – $193.5K
NOI $11,612 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.3K
$202.4K – $269.8K
NOI $16,188 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
242
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A connected office layout can serve as one larger suite or be separated into two independently entered units.
Where is this office unit located?
The property is located at 3309 Forest Creek Dr #502 Round Rock, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two connected office condominium units, 502 and 503, built in 2020; Combined configuration provides 6–8 private offices and two conference rooms or additional offices; Each side has a break area, ADA restroom, separate entrance, and dedicated server/IT closet
