Stabilized Office Condo
4869 Williams Drive, Georgetown, TX 78633
Leased office condo in Georgetown's Sedro Crossing Business Park.
Type:OFC
Property size:
1,261 SFPrice / SF:
$356/SF- Added:
- Oct 11, 2024
- Days on Market:
- 598
- Last Refresh:
- Apr 3 at 4:56 am
Property Features for 4869 Williams Drive
General Information
- Standard status
- Active
- Size
- 1,261 SF
- Property subtype
- OFC
Building Details
- Year Built
- 2020
Listing agent Jeffrey Slanker License #617990
Listing office Keller Williams Realty | Austin | 512.963.3926 (512) 800-4886
Listing date Oct 11, 2024
Source Realnex
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 | Austin | 512.963.3926
HighLights
- Passive investment opportunity with predictable cash flow.
- Fully leased to an established tenant with a recently executed 3‑year lease.
- Minimal landlord responsibility due to independent HVAC and separate electric metering.
- New construction (2020) with modern, ADA‑compliant design.
- High‑quality finishes and functional layout promote tenant retention.
- Located in Sedro Crossing Business Park in West Georgetown, benefiting from strong demographics.
Overview
This stabilized office condo offers a passive investment opportunity, supported by new construction and a recently executed 3-year lease, ensuring predictable cash flow. The approximately 1,261 square foot suite is fully leased to an established tenant. The property features independent HVAC and separate electric metering, minimizing landlord responsibilities. Constructed in 2020, the building is ADA compliant. High-quality finishes and a functional layout are designed to support long-term tenant retention while reducing near-term capital risk. The property is located within the Sedro Crossing Business Park along Williams Drive in West Georgetown, benefiting from strong surrounding demographics.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.0k | $42.00 |
| − Vacancy | −$12.9k | −$10.21 |
| EGI | $40.1k | $31.79 |
| − OpEx | −$10.0k | −$7.95 |
| NOI | $30.1k | $23.85 |
1,261 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$429.6K
$375.9K – $501.2K
NOI $30,069 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$527.1K
$461.2K – $615.0K
NOI $36,899 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Oak Haven Insurance
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Williamson
- State
- Texas
- Longitude
- -97.7311845
- Latitude
- 30.6949433
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Leased office condo in Georgetown's Sedro Crossing Business Park.
Where is this office units located?
The property is located at 4869 Williams Drive Georgetown, TX.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Passive investment opportunity with predictable cash flow.; Fully leased to an established tenant with a recently executed 3‑year lease.; Minimal landlord responsibility due to independent HVAC and separate electric metering.
