Flexible Office Condominium
For Sale
$315,000
3309 Forest Creek Dr 503, Round Rock, TX 78664
Two connecting office condominiums offer a reception-focused layout with multiple offices, conference rooms, and ADA restroom access.
Property Size730 SF
Price / SF$431.51
Days on Market94
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
Listed By:
Robert Fischer · License #0538860
(512) 531-2888
Source:
Cityviewtx
Added: Jul 21
Changed: Oct 15
Last Checked: Oct 7 at 3:45PM
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
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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)
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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Current Use
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two connecting office condominiums offer a reception-focused layout with multiple offices, conference rooms, and ADA restroom access.
Where is this office unit 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 $315,000.
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)
