Standalone Medical Office with Four
New
For Sale
$900,000
3737 Williams Dr, Georgetown, TX 78628
Dental-focused layout includes treatment rooms, staff workspace, kitchenette, and three bathrooms.
Property Size2,129 SF
Lot Size0.36 Acres
Price / SF$422.73
Days on Market4
Property Features for 3737 Williams Dr
General Information
Standard status
Active
Size
2,129 SF
Lot size
0.36 Acres
Property subtype
Commercial
Building Details
Building Size
2,129 SF
Year Built
1985
Buildings
1
Listing Agency:
Turner Commercial Properties
(512) 630-9673
Listed By:
Mason Turner · License #663187
(512) 630-9673
Source:
Elliman
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 21 at 11:29AM
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 Turner Commercial Properties
Investment Insights
Based on property information with market context.
This standalone medical office contains 2,129 square feet on a 0.36-acre lot and was built in 1985. The dental-oriented configuration includes four operatory rooms, a staff office, kitchenette, three bathrooms, and a reception area with distinctive architectural detailing. Each operatory is plumbed for nitrous oxide and oxygen, and on-site parking is provided.
The property is located at 3737 Williams Dr in Georgetown, positioned between Serenada and SportClips Way. Sun City and the Parmer Ranch Neighborhood are identified as nearby destinations. WalkScore is 0 and BikeScore is 37, reflecting a car-dependent setting with limited bicycle access.
The property is located at 3737 Williams Dr in Georgetown, positioned between Serenada and SportClips Way. Sun City and the Parmer Ranch Neighborhood are identified as nearby destinations. WalkScore is 0 and BikeScore is 37, reflecting a car-dependent setting with limited bicycle access.
Key Highlights
- 2,129‑square‑foot standalone medical office on a 0.36‑acre lot
- Four operatory rooms with nitrous oxide and oxygen plumbing in each
- Layout includes one staff office, kitchenette, and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,767
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,015,340
$1.0M
Cap Rate 7%
$725,243
$725.2K
Cap Rate 9%
$564,078
$564.1K
Market Conditions
NOI Build-Up for 2,129 SF
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.
Gross rent
$89.4K $42.00/SF
− Vacancy
−$21.7K −$10.21/SF
EGI
$67.7K $31.79/SF
− OpEx
−$16.9K −$7.95/SF
NOI
$50.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,015,340
Cap Rate 7%
$725,243
Cap Rate 9%
$564,078
Alternative Uses
Best Use
Office B
$725.2K
$634.6K – $846.1K
NOI $50,767 @ 7.0% cap · market cap 5.64%
Second Best
Healthcare Medical
$551.8K
$482.9K – $643.8K
NOI $38,629 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$890.0K
$778.7K – $1.04M
NOI $62,298 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Koy Animal Clinic — 3501 Williams Dr, Georgetown, TX 78628
- Rama Santschi, DVM — 3701 Williams Dr, Georgetown, TX 78628
Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental-focused layout includes treatment rooms, staff workspace, kitchenette, and three bathrooms.
Where is this medical office space located?
The property is located at 3737 Williams Dr Georgetown, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 2,129‑square‑foot standalone medical office on a 0.36‑acre lot; Four operatory rooms with nitrous oxide and oxygen plumbing in each; Layout includes one staff office, kitchenette, and three bathrooms
