Corner Office
For Sale
$631,700
503 E Palm Valley Blvd 220, Round Rock, TX 78664
Flexible professional suite with private offices, open workspace, elevator access, and surface parking.
Property Size1,944 SF
Price / SF$324.95
Days on Market48
Property Features for 503 E Palm Valley Blvd 220
General Information
Standard status
Active
Size
1,944 SF
Elevators
Yes
Additional Details
Office Units
1
Amenities
multi-tenant monument sign
Building Details
Year Built
2024
Tenancy
Single
Abandoned
No
Listing Agency:
Compass RE Texas, LLC
Listed By:
Kathy Denny
(512) 718-4420
Source:
Brandyerocca
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 7 at 5:12PM
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 Compass RE Texas, LLC
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Investment Insights
Based on property information with market context.
This 1,944-square-foot office condominium, completed in 2024, occupies a corner position within Palm Valley Professional & Medical complex. The suite combines private offices, open workspace, and support areas, with abundant natural light and a layout suited to professional or medical operations. Elevator service and surface parking support convenient access for occupants and visitors.
The property is located at 503 E Palm Valley Blvd 220 in Round Rock, along the Palm Valley corridor, which records approximately 50,000 vehicles per day. A shared monument sign provides directory exposure along Palm Valley, while surrounding occupants include medical, dental, financial, and other professional services. The trade area includes approximately 35,000 households within a 3-mile radius and is near Dell Technologies, Baylor Scott & White Medical Center – Round Rock, and Ascension Seton Williamson.
The property is located at 503 E Palm Valley Blvd 220 in Round Rock, along the Palm Valley corridor, which records approximately 50,000 vehicles per day. A shared monument sign provides directory exposure along Palm Valley, while surrounding occupants include medical, dental, financial, and other professional services. The trade area includes approximately 35,000 households within a 3-mile radius and is near Dell Technologies, Baylor Scott & White Medical Center – Round Rock, and Ascension Seton Williamson.
Key Highlights
- 1,944 SF office condominium completed in 2024
- Corner suite within Palm Valley Professional & Medical complex
- Layout includes private offices, open workspace, and support areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,924
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,480
$618.5K
Cap Rate 7%
$441,771
$441.8K
Cap Rate 9%
$343,600
$343.6K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$58.3K $30.00/SF
− Vacancy
−$17.1K −$8.79/SF
EGI
$41.2K $21.21/SF
− OpEx
−$10.3K −$5.30/SF
NOI
$30.9K $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 Rate 5%
$618,480
Cap Rate 7%
$441,771
Cap Rate 9%
$343,600
Alternative Uses
Best Use
Office B
$441.8K
$386.6K – $515.4K
NOI $30,924 @ 7.0% cap · market cap 4.90%
Second Best
Healthcare Medical
$395.9K
$346.4K – $461.9K
NOI $27,714 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$615.9K
$538.9K – $718.5K
NOI $43,110 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,261
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible professional suite with private offices, open workspace, elevator access, and surface parking.
Where is this office unit located?
The property is located at 503 E Palm Valley Blvd 220 Round Rock, TX.
What is the asking price?
The asking price for this property is $631,700.
What are key features of this property?
This property features: 1,944 SF office condominium completed in 2024; Corner suite within Palm Valley Professional & Medical complex; Layout includes private offices, open workspace, and support areas
