Corner Medical Office
503 E Palm Valley Blvd #220 Round Rock, TX 78664
503 E Palm Valley Blvd #220, Round Rock, TX, 78664
$631,700
For Sale
$631,700
Elevator-served corner office suite with private offices, open workspace, and support areas in a professional complex.
Property Size1,944 SF
Price / SF$324.95
Days on Market113
Property Features for 503 E Palm Valley Blvd #220
General Information
- Standard status
- Active
- Size
- 1,944 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2024
Listing agency
Compass RE Texas, LLC
(512) 575-3644
Listed by
Kathy Denny
Source
Buttross
Added: Apr 1 Updated: Jul 22 at 1:04PM Checked: Jul 22 at 1:04PM
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
Investment Insights
Based on property information with market context.
This professional office condominium suite offers a functional layout with private offices, open workspace, and support areas, complemented by abundant natural light as a corner configuration. The building provides elevator access and ample surface parking for client and staff convenience. Directory visibility is supported by a multi-tenant monument sign.
The suite is located just off the high-traffic Palm Valley corridor, estimated at 50,000 vehicles per day, within the established Palm Valley Professional & Medical complex. Surrounding tenants include a mix of medical, dental, and financial services, including Edward Jones, contributing to an active professional setting.
The property’s trade area is supported by approximately 35,000 households within a 3-mile radius, along with proximity to major regional employers including Dell Technologies, Baylor Scott & White Medical Center – Round Rock, and Ascension Seton Williamson. The space is positioned for medical, wellness, financial, or general professional office use.
The suite is located just off the high-traffic Palm Valley corridor, estimated at 50,000 vehicles per day, within the established Palm Valley Professional & Medical complex. Surrounding tenants include a mix of medical, dental, and financial services, including Edward Jones, contributing to an active professional setting.
The property’s trade area is supported by approximately 35,000 households within a 3-mile radius, along with proximity to major regional employers including Dell Technologies, Baylor Scott & White Medical Center – Round Rock, and Ascension Seton Williamson. The space is positioned for medical, wellness, financial, or general professional office use.
Key Highlights
- 2024‑built professional office condominium corner suite in the Palm Valley Professional & Medical complex
- Elevator‑served suite with a mix of private offices, open workspace, and support areas
- Abundant natural light with an elevator access layout suited for professional or medical uses
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 | $58.3k | $30.00 |
| − Vacancy | −$17.1k | −$8.79 |
| EGI | $41.2k | $21.21 |
| − OpEx | −$10.3k | −$5.30 |
| NOI | $30.9k | $15.91 |
1,944 SF · lease $30.00/SF/yr · vacancy 29.30% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Patriot Dental
Dental Office
Dr. Andrew D. ...
Dental Office
Edward Jones - Financial ...
Financial Advisor
Edward Jones - Financial ...
Financial Advisor
Palm Valley Medical ...
Business Park
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FAQs
What type of property is this?
Office units - Elevator-served corner office suite with private offices, open workspace, and support areas in a professional complex.
Where is this office units 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: 2024‑built professional office condominium corner suite in the Palm Valley Professional & Medical complex; Elevator‑served suite with a mix of private offices, open workspace, and support areas; Abundant natural light with an elevator access layout suited for professional or medical uses
