Corner Office
For Sale
$533,800
503 Palm Valley Blvd #210, Round Rock, TX 78664
The suite pairs private offices with open workspace and support areas in an elevator-served professional complex.
Property Size1,642 SF
Price / SF$325.09
Days on Market208
Property Features for 503 Palm Valley Blvd #210
General Information
Standard status
Active
Size
1,642 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Property Use
Office
Amenities
surface parking
multi-tenant monument sign
Building Details
Building Size
1,642 SF
Year Built
2009
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Compass RE Texas, LLC
(512) 575-3644
Listed By:
Kathy Denny
(512) 718-4420
Source:
Devillarproperties
Added: Apr 1
Changed: Oct 23
Last Checked: Oct 23 at 5:09PM
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 1,642-square-foot corner office condominium is within the Palm Valley Professional & Medical complex. Its layout includes private offices, open workspace, and support areas, with elevator access and surface parking. Built in 2009, the suite is positioned for professional or medical office use.
The property sits just off the Palm Valley corridor, which carries 50,000 vehicles per day. A multi-tenant monument sign provides directory placement along the corridor. The complex includes medical, dental, and financial services tenants, including Edward Jones. The surrounding trade area has approximately 35,000 households within a 3-mile radius, and regional employers nearby include Dell Technologies, Baylor Scott & White Medical Center – Round Rock, and Ascension Seton Williamson.
The property sits just off the Palm Valley corridor, which carries 50,000 vehicles per day. A multi-tenant monument sign provides directory placement along the corridor. The complex includes medical, dental, and financial services tenants, including Edward Jones. The surrounding trade area has approximately 35,000 households within a 3-mile radius, and regional employers nearby include Dell Technologies, Baylor Scott & White Medical Center – Round Rock, and Ascension Seton Williamson.
Key Highlights
- 1,642‑square‑foot corner office condominium
- Private offices, open workspace, and support areas
- Elevator access and surface parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,120
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,400
$522.4K
Cap Rate 7%
$373,143
$373.1K
Cap Rate 9%
$290,222
$290.2K
Market Conditions
NOI Build-Up for 1,642 SF
Gross rent
$49.3K $30.00/SF
− Vacancy
−$14.4K −$8.79/SF
EGI
$34.8K $21.21/SF
− OpEx
−$8.7K −$5.30/SF
NOI
$26.1K $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%
$522,400
Cap Rate 7%
$373,143
Cap Rate 9%
$290,222
Alternative Uses
Best Use
Office B
$373.1K
$326.5K – $435.3K
NOI $26,120 @ 7.0% cap · market cap 4.89%
Second Best
Healthcare Medical
$334.4K
$292.6K – $390.1K
NOI $23,408 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$520.2K
$455.2K – $606.9K
NOI $36,413 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,261
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite pairs private offices with open workspace and support areas in an elevator-served professional complex.
Where is this office unit located?
The property is located at 503 Palm Valley Blvd #210 Round Rock, TX.
What is the asking price?
The asking price for this property is $533,800.
What are key features of this property?
This property features: 1,642‑square‑foot corner office condominium; Private offices, open workspace, and support areas; Elevator access and surface parking
