Office Unit in Great
For Sale
$345,000
5373 WILLIAMS GEORGETOWN TX 78633, Georgetown, TX 78633
Well-maintained office unit near upcoming mixed-use development.
Property Size958 SF
Price / SF$360.13
Days on Market187
Property Features for 5373 WILLIAMS GEORGETOWN TX 78633
General Information
Standard status
Active
Size
958 SF
Property subtype
Office
Building Details
Year Built
2020
Stories
2
Listing Agency:
Avalar Texas
(512) 751-1032
Listed By:
R. Michael Brown · License #0348586
(512) 751-1032
Source:
Kwsanantonio
Added: Feb 24
Changed: Aug 26
Last Checked: Aug 29 at 5:47AM
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 Avalar Texas
Investment Insights
Based on property information with market context.
This office unit features a lobby, four offices, a kitchenette, and a bathroom. The property is in great condition. It is located close to the new Heirloom Mixed Use development, which is planned to break ground in early 2026 and will feature 3,600 residential homes and a new elementary school. The bike score is 21, indicating it is somewhat bikeable, and the walk score is 13, indicating car-dependent accessibility.
Key Highlights
- Great floor plan with lobby, four offices, kitchenette, and bathroom.
- Property is in great condition.
- Located close to the future Heirloom Mixed Use development (breaking ground in early 2026).
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
$22,844
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
6.62%
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%
$456,880
$456.9K
Cap Rate 7%
$326,343
$326.3K
Cap Rate 9%
$253,822
$253.8K
Market Conditions
NOI Build-Up for 958 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
$40.2K $42.00/SF
− Vacancy
−$9.8K −$10.21/SF
EGI
$30.5K $31.79/SF
− OpEx
−$7.6K −$7.95/SF
NOI
$22.8K $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%
$456,880
Cap Rate 7%
$326,343
Cap Rate 9%
$253,822
Alternative Uses
Best Use
Office B
$326.3K
$285.6K – $380.7K
NOI $22,844 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.5K
$350.4K – $467.2K
NOI $28,033 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
208
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office unit near upcoming mixed-use development.
Where is this office units located?
The property is located at 5373 WILLIAMS GEORGETOWN TX 78633 Georgetown, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Great floor plan with lobby, four offices, kitchenette, and bathroom.; Property is in great condition.; Located close to the future Heirloom Mixed Use development (breaking ground in early 2026).
