Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Medical Office Space in Round Rock Title is generated by Realmo AI

    505 Louis Henna Blvd, Round Rock, TX 78728

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Class A medical office building with excellent visibility and access.

    Type:OFFICE
    Property size:
    1,788 SF
    Added:
    May 25, 2026
    Days on Market:
    6
    Last Refresh:
    May 27 at 7:47 am

    Property Features for 505 Louis Henna Blvd

    General Information

    Standard status
    Active
    Size
    1,788 SF
    Property subtype
    OFFICE

    Spaces For Lease

    at 505 Louis Henna Blvd Contact us

    We can help!

    Listing Contact
    Brandon Lester
    Brandon Lester

    Listing agent Brandon Lester

    Listing office Transwestern | Austin

    Listing date May 25, 2026

    Source Moodyscre

    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 Transwestern | Austin

    HighLights

    • Class A medical office building
    • Excellent location near I‑35 and SH 45
    • Close proximity to neighborhoods and major employers
    • Great visibility
    • Ease of access from Round Rock and Austin submarkets
    • Near shopping, entertainment, and food options

    Overview

    Physicians Centre is a Class A medical office building located in Round Rock, Texas, near the intersection of I-35 and SH 45. The property is within close proximity to several neighborhoods and major employers, in addition to numerous shopping, entertainment, and food options. Its location provides great visibility and ease of access from any location throughout the growing Round Rock and Austin submarkets. The property offers 1788 square feet of medical office space and is available for rent at $17 per square foot.
    Location Intelligence

    Current Use by Public Records

    Harbor Health - LaFrontera Medical Group

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Petco Vaccination Clinic — 2701-A Parker Dr #100, Round Rock, TX 78681
    • Banfield Pet Hospital — 2601 I-35 Ste E100, Round Rock, TX 78664
    • VetIQ Petcare — 2701 I-35, Round Rock, TX 78664

    Location Insight

    • Map
    • Local Demand
    City
    Round Rock
    County
    Williamson
    State
    Texas
    Longitude
    -97.6659814
    Latitude
    30.4800442

    Nearby Similar for Lease

    • $3,000/Mo
      25,000 SF

      New Office Condo in Round Rock

      Modern office condo ready for retail, office, or medical professionals.
      2261 Gattis School Rd 225, Round Rock, TX 78664
      View Details
    • $25 SF/Yr
      3,508 SF

      Medical Office Space For Rent

      Multi-tenant medical office building in growing Round Rock submarket.
      511 Oakwood Blvd, Round Rock, TX 78681
      View Details
    • $963/Mo
      175 SF

      Move-in Ready Executive Offices

      Executive offices in Round Rock with shared amenities included.
      310 W Main St 202, Round Rock, TX 78664
      View Details
    • $650/Mo
      400 SF

      Renovated Office Space For Lease

      Small office space with shared amenities in a prime location.
      1620 Red Bud Ln 101, Round Rock, TX 78664
      View Details
    • $750/Mo
      300 SF

      Round Rock Professional Office Space

      300 sq ft office space in Legends Professional Park.
      3000 Joe Dimaggio Blvd, Round Rock, TX 78665
      View Details
    • $2,300/Mo
      850 SF

      Finished Office Unit For Rent

      Finished office unit with four offices, restroom, reception, and coffee.
      1000 Gattis School Rd 830, Round Rock, TX 78664
      View Details
    • $3,900/Mo
      1,600 SF

      Move-in Ready Office Suite

      Excellent condition office suite with private offices and amenities.
      2050 Double Creek Dr 210, Round Rock, TX 78664
      View Details
    • $1,750/Mo
      836 SF

      Round Rock Office Suite Available

      Professionally finished office suite in a convenient Round Rock location.
      595 ROUND ROCK WEST Dr 601, Round Rock, TX 78681
      View Details
    • $29 SF/Yr
      2,750 SF

      Retail Space in High-Traffic Area

      Retail space in a high-traffic area, ideal for restaurants.
      1300 W. Pflugerville Pkwy | Round Rock, TX 78664
      View Details
    • $3,900/Mo
      1,600 SF

      Move-in Ready Office Suite

      Excellent condition office suite with private offices and amenities.
      210-2050 Double Creek Dr, Round Rock, TX
      View Details
    • $13 SF/Yr
      2,440 SF

      Office Space Near IH-35

      Office space for rent with great access to IH-35.
      1001 South Mays Street, Round Rock, TX 78664
      View Details
    • $13 SF/Yr
      8,096 SF

      Round Rock Office Space Available

      Office space for rent, convenient location near IH-35.
      1001 South Mays St, Round Rock, TX 78664
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Class A medical office building with excellent visibility and access.
    Where is this medical office space located?
    The property is located at 505 Louis Henna Blvd Round Rock, TX.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Class A medical office building; Excellent location near I‑35 and SH 45; Close proximity to neighborhoods and major employers
    (512) 314-3576 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brandon Lester
    Brandon Lester
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    505 Louis Henna Blvd, Round Rock, TX 78728
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!