Two-Story Medical Office
3626 Williams Dr, Georgetown, TX 78628
For Sale
New
Contact for pricing
Medical tenants occupy a controlled-access property with atriums, storefront glazing, and outdoor patios.
Property Size14,786 SF
Price / SF$466.66
Days on Market7
Property Features for 3626 Williams Dr
General Information
Standard status
Size
Class
Property subtype
Occupancy
Additional Details
Road Access
Tenant in Place
Property Use
Amenities
large storefront glass windows
modern atriums with controlled access and outdoor patios
Building Details
Year Built
Buildings
Stories
Building Size
Tenancy
Parking Ratio
Listing Agency:
Quest Realty Texas
Listed By:
John Cummings · License TX #662316
(512) 415-8508
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 10 at 8:06AM
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 Quest Realty Texas
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Investment Insights
Based on property information with market context.
Completed in 2023, this two-story, 14,786-square-foot Class A office building is configured for medical and office use. Controlled-access atriums, large storefront windows, and outdoor patios are among its features. Family Care Center and Get Age Fit occupy the fully leased property under NNN leases, with lease terms extending through 2033 and 2034 and annual escalations of 3%.
The building fronts Williams Drive in Georgetown and sits at the entrance to Sonrisa Professional Office Park. The reported traffic volume on Williams Drive is approximately 35,000 vehicles per day. Medical parking is provided at a ratio of 1 space per 200 square feet.
The building fronts Williams Drive in Georgetown and sits at the entrance to Sonrisa Professional Office Park. The reported traffic volume on Williams Drive is approximately 35,000 vehicles per day. Medical parking is provided at a ratio of 1 space per 200 square feet.
Key Highlights
- 14,786‑square‑foot, two‑story Class A building completed in 2023
- Fully leased to Family Care Center and Get Age Fit on NNN terms
- Lease terms extend through 2033 and 2034, with 3% annual escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$352,580
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,051,600
$7.1M
Cap Rate 7%
$5,036,857
$5.0M
Cap Rate 9%
$3,917,556
$3.9M
Market Conditions
NOI Build-Up for 14,786 SF
Gross rent
$621.0K $42.00/SF
− Vacancy
−$150.9K −$10.21/SF
EGI
$470.1K $31.79/SF
− OpEx
−$117.5K −$7.95/SF
NOI
$352.6K $23.85/SF
Area
Williamson County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,051,600
Cap Rate 7%
$5,036,857
Cap Rate 9%
$3,917,556
Alternative Uses
Best Use
Office B
$5.04M
$4.41M – $5.88M
NOI $352,580 @ 7.0% cap · market cap 5.11%
Second Best
Healthcare Medical
$3.83M
$3.35M – $4.47M
NOI $268,277 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$5.79M
$5.07M – $6.76M
NOI $405,590 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
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Business Placement
Demographics for 78628, TX
40,378
Population
17,738
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
64.7 sq mi
ZIP Area
624
Density / Sq Mi
$117,198
Median Household Income
$58,328
Median Earnings
$1,552
Median Rent
$467,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Williamson County, TX
Properties on Market for Office buildings in Williamson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Medical tenants occupy a controlled-access property with atriums, storefront glazing, and outdoor patios.
Where is this office building located?
The property is located at 3626 Williams Dr Georgetown, TX.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 14,786‑square‑foot, two‑story Class A building completed in 2023; Fully leased to Family Care Center and Get Age Fit on NNN terms; Lease terms extend through 2033 and 2034, with 3% annual escalations
