2-Unit Office
For Sale
$315,000
3309 Forest Creek DR # 503, Round Rock, TX 78664
Built in 2020, the connected suites can operate as one workspace or retain separate entrances and configurations.
Property Size730 SF
Price / SF$431.51
Days on Market169
Property Features for 3309 Forest Creek DR # 503
General Information
Standard status
Active
Size
730 SF
Property subtype
Office
Occupancy
100%
Site & Location
Neighborhood
Forest Creek
Highway Access
Yes
Additional Details
Office Units
2
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,754
Building Details
Building Size
730 SF
Year Built
2020
Listing Agency:
Keller Williams Realty Lone Star
Listed By:
Robert Fischer · License #0538860
(512) 994-0247
Source:
Norawall
Added: May 19
Changed: Nov 2
Last Checked: Oct 30 at 2:04AM
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.
Two connected office condominium units in Round Rock provide a combined 730 SF of workspace. Built in 2020, the interiors can be arranged as one larger suite or separated into two units, each with its own entrance. The current layout includes a central reception area, six to eight private offices, and two conference rooms, with the room count varying by configuration. Each unit has a break area, ADA restroom, and dedicated server/IT closet. Interior finishes include wood-look tile, recessed lighting, ceiling fans, plantation shutters, and glass office doors.
The property offers 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 units are fully leased. Office furniture may be negotiable as part of a sale.
The property offers 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 units are fully leased. Office furniture may be negotiable as part of a sale.
Key Highlights
- Two connected office condominium units totaling 730 SF
- Built in 2020; suites can function together or separately
- Current configuration includes 6‑8 private offices and 2 conference rooms
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
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 - Built in 2020, the connected suites can operate as one workspace or retain separate entrances and configurations.
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 connected office condominium units totaling 730 SF; Built in 2020; suites can function together or separately; Current configuration includes 6‑8 private offices and 2 conference rooms
