Connected Office Condominium
For Sale
$315,000
3309 Forest Creek DR # 503, Round Rock, TX 78664
Flexible professional workspace with divisible suites, private offices, conference rooms, and separate entrances.
Property Size730 SF
Days on Market78
Property Features for 3309 Forest Creek DR # 503
General Information
Standard status
Active
Size
730 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$5,754
Building Details
Building Size
730 SF
Year Built
2020
Listing Agency:
Keller Williams Realty Lone Star
(512) 791-0229
Listed By:
Robert Fischer · License #0538860
Source:
Denpg
Added: May 19
Changed: Aug 4
Last Checked: Aug 4 at 5:08AM
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.
Two office condominium units are being offered together or individually within a 2020-built professional office development in Round Rock. The combined configuration can operate as one larger workplace or return to separate suites, with each unit retaining its own entrance. Interior improvements include a central reception area, 6–8 private offices depending on layout, two conference rooms, separate break areas, ADA restrooms, and dedicated server/IT closets. Finishes include wood-look tile, recessed lighting, ceiling fans, plantation shutters, glass office doors, granite countertops, and white cabinetry. Some furniture may be available by separate negotiation.
The property provides access to I-35, SH-45 Toll, and SH-130. It is near major employers including Dell, Samsung, Emerson, Amazon, Tesla, and the Kalahari Resort development. Austin-Bergstrom International Airport is approximately 30 minutes away. The configuration supports full-space occupancy or use of one unit while leasing the other, subject to buyer verification.
The property provides access to I-35, SH-45 Toll, and SH-130. It is near major employers including Dell, Samsung, Emerson, Amazon, Tesla, and the Kalahari Resort development. Austin-Bergstrom International Airport is approximately 30 minutes away. The configuration supports full-space occupancy or use of one unit while leasing the other, subject to buyer verification.
Key Highlights
- Two office condominium units offered together or separately
- 2020 construction with professional interior finishes
- 6–8 private offices depending on configuration
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 3.69%
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.
Property Analytics
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
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 professional workspace with divisible suites, private offices, conference rooms, and separate entrances.
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 $315,000.
What are key features of this property?
This property features: Two office condominium units offered together or separately; 2020 construction with professional interior finishes; 6–8 private offices depending on configuration
