Flexible Office Condominium
3309 Forest Creek Dr 503 Round Rock, TX 78664
New
3309 Forest Creek Dr 503, Round Rock, TX, 78664
$325,000
For Sale
$325,000
Two connecting office condominiums offer a reception-focused layout with multiple offices, conference rooms, and ADA restroom access.
Property Size730 SF
Price / SF$445.21
Days on Market2
Property Features for 3309 Forest Creek Dr 503
General Information
- Standard status
- Active
- Size
- 730 SF
Building Details
- Year Built
- 2020
Listing agency
Keller Williams Realty Lone Star
(512) 791-0229
Listed by
Robert Fischer · License #0538860
Source
Cityviewtx
Added: Jul 21 Updated: Jul 22 at 9:48AM Checked: Jul 22 at 9:48AM
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
Investment Insights
Based on property information with market context.
This offering includes two connecting office condominium units (502 and 503) in the Forest Creek Office Condominiums, built in 2020 and available together or separately. The combined layout is flexible and can operate as a single larger suite or be divided back into two separate units, with a central reception area and a configuration that supports offices and conference rooms. Each side includes its own break area with sink, refrigerator space, microwave, granite countertops, and white cabinetry. Interior finishes include tall ceilings, wood-look tile flooring throughout, recessed lighting, ceiling fans, plantation shutters, and glass office doors. The space also includes an ADA restroom and a dedicated server/IT closet.
The property is located with convenient access to I-35, SH-45 Toll, and SH-130, and is within close proximity to major employers including Dell, Samsung, Emerson, Amazon, Tesla, and the Kalahari Resort development. Austin-Bergstrom International Airport is approximately 30 minutes away.
Each unit has separate entrances, and a reception separation wall can be put back up. Some office furniture may be negotiable with the sale, and buyers are advised to verify all information including suitability for office user types.
The property is located with convenient access to I-35, SH-45 Toll, and SH-130, and is within close proximity to major employers including Dell, Samsung, Emerson, Amazon, Tesla, and the Kalahari Resort development. Austin-Bergstrom International Airport is approximately 30 minutes away.
Each unit has separate entrances, and a reception separation wall can be put back up. Some office furniture may be negotiable with the sale, and buyers are advised to verify all information including suitability for office user types.
Key Highlights
- Two connecting office condos (Units 502 & 503) in Forest Creek Office Condominiums; offered together or separately
- Built in 2020 with flexible layout that can operate as one larger suite or be divided back into two units
- Combined space includes a large central reception, 6–8 private offices, and 2 conference rooms (or additional offices depending on configuration)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.9k | $30.00 |
| − Vacancy | −$6.4k | −$8.79 |
| EGI | $15.5k | $21.21 |
| − OpEx | −$3.9k | −$5.30 |
| NOI | $11.6k | $15.91 |
730 SF · lease $30.00/SF/yr · vacancy 29.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$165.9K
$145.2K – $193.5K
NOI $11,612 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.3K
$202.4K – $269.8K
NOI $16,188 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
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Law Office of Tony ...
Law Firm
The Breezz Business Center ...
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Kayla Adams, LCSW
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FAQs
What type of property is this?
Office units - Two connecting office condominiums offer a reception-focused layout with multiple offices, conference rooms, and ADA restroom access.
Where is this office units located?
The property is located at 3309 Forest Creek Dr 503 Round Rock, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two connecting office condos (Units 502 & 503) in Forest Creek Office Condominiums; offered together or separately; Built in 2020 with flexible layout that can operate as one larger suite or be divided back into two units; Combined space includes a large central reception, 6–8 private offices, and 2 conference rooms (or additional offices depending on configuration)
