Office Unit with Private
For Sale
$385,000
5373 Williams DR # 240, Georgetown, TX 78633
Office condominium with reception space, enclosed work areas, and a private restroom in a professionally managed commercial building.
Property Size1,237 SF
Days on Market17
Property Features for 5373 Williams DR # 240
General Information
Standard status
Active
Size
1,237 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$5,433
Building Details
Building Size
1,237 SF
Year Built
2020
Listing Agency:
All City Real Estate Ltd. Co
(512) 791-3984
Listed By:
Radha Vallabhajosyula
Source:
Zellteam
Added: Aug 7
Changed: Aug 20
Last Checked: Aug 22 at 10:51AM
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 All City Real Estate Ltd. Co
Investment Insights
Based on property information with market context.
Office condominium Unit 240 at 5373 Williams Drive provides a practical arrangement for professional business use, with a reception area, multiple private offices, and an in-suite restroom. Constructed in 2020, the property offers a relatively recent office setting for owner-users or investors.
The building is positioned along the Williams Drive commercial corridor and includes ample parking. The property also provides access to Sun City, Lake Georgetown, and IH-35. HOA management covers the exterior and common areas, supporting a lower-maintenance ownership structure.
The building is positioned along the Williams Drive commercial corridor and includes ample parking. The property also provides access to Sun City, Lake Georgetown, and IH-35. HOA management covers the exterior and common areas, supporting a lower-maintenance ownership structure.
Key Highlights
- 2020‑built office condominium at 5373 Williams DR # 240
- Reception area with multiple private offices
- In‑suite restroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,497
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,940
$589.9K
Cap Rate 7%
$421,386
$421.4K
Cap Rate 9%
$327,744
$327.7K
Market Conditions
NOI Build-Up for 1,237 SF
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.
Gross rent
$52.0K $42.00/SF
− Vacancy
−$12.6K −$10.21/SF
EGI
$39.3K $31.79/SF
− OpEx
−$9.8K −$7.95/SF
NOI
$29.5K $23.85/SF
Area
Williamson County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,940
Cap Rate 7%
$421,386
Cap Rate 9%
$327,744
Alternative Uses
Best Use
Office B
$421.4K
$368.7K – $491.6K
NOI $29,497 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$517.1K
$452.5K – $603.3K
NOI $36,197 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 78633, TX
27,736
Population
14,711
Households
1.9
Avg Household Size
66
Median Age
56%
College-Educated
98%
High-School Grad
78.5 sq mi
ZIP Area
353
Density / Sq Mi
$99,967
Median Household Income
$61,496
Median Earnings
$1,836
Median Rent
$443,500
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 - Office condominium with reception space, enclosed work areas, and a private restroom in a professionally managed commercial building.
Where is this office units located?
The property is located at 5373 Williams DR # 240 Georgetown, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2020‑built office condominium at 5373 Williams DR # 240; Reception area with multiple private offices; In‑suite restroom
