Office Condominium Corner
For Sale
$533,800
503 Palm Valley BLVD E # 210, Round Rock, TX 78664
Elevator-served corner office suite with private offices, open workspace, and ample surface parking in a professional complex.
Property Size1,642 SF
Days on Market126
Property Features for 503 Palm Valley BLVD E # 210
General Information
Standard status
Active
Size
1,642 SF
Elevators
Yes
Property subtype
Office
Additional Details
Road Access
Yes
Amenities
multi-tenant monument sign
Building Details
Building Size
1,642 SF
Year Built
2009
Tenancy
Multi
Listing Agency:
Compass RE Texas, LLC
(512) 718-4420
Listed By:
Kathy Denny
Source:
Zellteam
Added: Apr 1
Changed: Jul 30
Last Checked: Aug 4 at 9:16AM
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 is located within the Palm Valley Professional & Medical complex, offering an owner-user or investor a corner suite with abundant natural light. The interior is arranged with a combination of private offices, open workspace, and support areas to support a range of professional or medical uses. The suite includes elevator access and ample surface parking for client and staff convenience.
The property sits just off the high-traffic Palm Valley corridor at 503 Palm Valley Blvd E #210 in Round Rock, benefiting from a multi-tenant monument sign for directory visibility. The surrounding tenant mix includes medical, dental, and financial services, including Edward Jones, supporting consistent day-to-day client traffic.
Built in 2009, the suite is positioned in a trade area supported by approximately 35,000 households within a 3-mile radius, with proximity to major regional employers including Dell Technologies, Baylor Scott & White Medical Center – Round Rock, and Ascension Seton Williamson.
The property sits just off the high-traffic Palm Valley corridor at 503 Palm Valley Blvd E #210 in Round Rock, benefiting from a multi-tenant monument sign for directory visibility. The surrounding tenant mix includes medical, dental, and financial services, including Edward Jones, supporting consistent day-to-day client traffic.
Built in 2009, the suite is positioned in a trade area supported by approximately 35,000 households within a 3-mile radius, with proximity to major regional employers including Dell Technologies, Baylor Scott & White Medical Center – Round Rock, and Ascension Seton Williamson.
Key Highlights
- Corner office condominium suite with private offices, open workspace, and support areas
- Located in the Palm Valley Professional & Medical complex with elevator access
- Ample surface parking plus multi‑tenant monument sign for directory visibility
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 | $49.3k | $30.00 |
| − Vacancy | −$14.4k | −$8.79 |
| EGI | $34.8k | $21.21 |
| − OpEx | −$8.7k | −$5.30 |
| NOI | $26.1k | $15.91 |
1,642 SF · lease $30.00/SF/yr · vacancy 29.30% · expense 25.00%
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.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
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
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 - Elevator-served corner office suite with private offices, open workspace, and ample surface parking in a professional complex.
Where is this office units located?
The property is located at 503 Palm Valley BLVD E # 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: Corner office condominium suite with private offices, open workspace, and support areas; Located in the Palm Valley Professional & Medical complex with elevator access; Ample surface parking plus multi‑tenant monument sign for directory visibility
