Remodeled End-Unit
For Sale
$318,000
41-3000 Joe Dimaggio Boulevard, Round Rock, TX 78665
Private offices, a reception area, kitchenette, bathroom, and storage create an efficient professional workspace.
Property Size920 SF
Price / SF$345.65
Days on Market95
Property Features for 41-3000 Joe Dimaggio Boulevard
General Information
Standard status
Active
Size
920 SF
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$6,123
Listing Agency:
Coldwell Banker Realty
(512) 576-7725
Listed By:
Johnny Duarte
(512) 576-7725
Source:
Exprealty
Added: May 30
Changed: Aug 30
Last Checked: Aug 31 at 6:02PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Office Unit #41 at Legends Village offers 920 square feet in an end-unit configuration with added privacy and abundant natural light. The interior includes a reception area, open conference room, three private offices, kitchenette, private bathroom, storage closet, and front-office pocket doors.
Recent improvements include new flooring throughout, fresh paint, refinished kitchenette cabinetry, a new backsplash, and newly installed modern pocket doors. The property is located at 41-3000 Joe Dimaggio Boulevard in Round Rock, across from Kalahari Resort and Conventions and Dell Diamond.
Recent improvements include new flooring throughout, fresh paint, refinished kitchenette cabinetry, a new backsplash, and newly installed modern pocket doors. The property is located at 41-3000 Joe Dimaggio Boulevard in Round Rock, across from Kalahari Resort and Conventions and Dell Diamond.
Key Highlights
- 920 SF end‑unit office condo at Legends Village
- Three private offices plus an open conference room
- Reception area, kitchenette, private bathroom, and storage closet
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
$14,635
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
4.60%
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%
$292,700
$292.7K
Cap Rate 7%
$209,071
$209.1K
Cap Rate 9%
$162,611
$162.6K
Market Conditions
NOI Build-Up for 920 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
$27.6K $30.00/SF
− Vacancy
−$8.1K −$8.79/SF
EGI
$19.5K $21.21/SF
− OpEx
−$4.9K −$5.30/SF
NOI
$14.6K $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 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%
$292,700
Cap Rate 7%
$209,071
Cap Rate 9%
$162,611
Alternative Uses
Best Use
Office B
$209.1K
$182.9K – $243.9K
NOI $14,635 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.5K
$255.0K – $340.0K
NOI $20,402 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 78665, TX
61,577
Population
24,678
Households
2.5
Avg Household Size
35
Median Age
52%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
2,555
Density / Sq Mi
$117,240
Median Household Income
$58,138
Median Earnings
$1,945
Median Rent
$438,700
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 - Private offices, a reception area, kitchenette, bathroom, and storage create an efficient professional workspace.
Where is this office units located?
The property is located at 41-3000 Joe Dimaggio Boulevard Round Rock, TX.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: 920 SF end‑unit office condo at Legends Village; Three private offices plus an open conference room; Reception area, kitchenette, private bathroom, and storage closet
