Drug Store Adjacent to
For Sale
Contact for pricing
3777 Gattis School Rd, Round Rock, TX 78664
Retail building at a Round Rock address with direct adjacency to H-E-B.
Property Size14,820 SF
Price / SF$272.86
Days on Market216
Property Features for 3777 Gattis School Rd
General Information
Standard status
Active
Size
14,820 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$323,500
Additional Details
Cap Rate
8%
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Christian Becker · License #794055
Source:
Crexi
Added: Jan 29
Changed: Sep 2
Last Checked: Sep 1 at 4:22AM
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 Matthews
Investment Insights
Based on property information with market context.
The property is a 14,820-square-foot drug store built in 2003. It is located at 3777 Gattis School Rd in Round Rock, within the Austin, TX MSA, and is positioned adjacent to H-E-B.
The offering carries an 8.00% cap rate. The surrounding area is identified with 20.50%+ population growth, providing measurable demographic context for this established retail property.
The offering carries an 8.00% cap rate. The surrounding area is identified with 20.50%+ population growth, providing measurable demographic context for this established retail property.
Key Highlights
- 14,820‑square‑foot drug store built in 2003
- Adjacent to H‑E‑B
- 8.00% cap rate
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
$323,447
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
8.00%
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%
$6,468,940
$6.5M
Cap Rate 7%
$4,620,671
$4.6M
Cap Rate 9%
$3,593,856
$3.6M
Market Conditions
NOI Build-Up for 14,820 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
$444.6K $30.00/SF
− Vacancy
−$13.3K −$0.90/SF
EGI
$431.3K $29.10/SF
− OpEx
−$107.8K −$7.27/SF
NOI
$323.4K $21.83/SF
Area
Round Rock, TX
Vacancy
3.00%
Lease Rate
$30.00 /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%
$6,468,940
Cap Rate 7%
$4,620,671
Cap Rate 9%
$3,593,856
Alternative Uses
Best Use
Specialty Retail
$4.62M
$4.04M – $5.39M
NOI $323,447 @ 7.0% cap · market cap 8.00%
Second Best
Retail
$3.95M
$3.46M – $4.61M
NOI $276,587 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$4.69M
$4.11M – $5.48M
NOI $328,648 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Balanced
Demand for This Use
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Ville Nutrition — 500 Brown Juniper Way, Round Rock, TX 78664
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- Tina Tanguma — 3777 Gattis School Rd, Round Rock, TX 786644020
- Walgreens Pharmacy — 3777 Gattis School Rd, Round Rock, TX 78664
- COVID-19 Drive-Thru Testing at Walgreens — 3777 Gattis School Rd, Round Rock, TX 78664
Frequently Asked Questions
What type of property is this?
Drug store - Retail building at a Round Rock address with direct adjacency to H-E-B.
Where is this drug store located?
The property is located at 3777 Gattis School Rd Round Rock, TX.
What is the asking price?
The asking price for this property is $4,043,750.
What are key features of this property?
This property features: 14,820‑square‑foot drug store built in 2003; Adjacent to H‑E‑B; 8.00% cap rate
