Office Condo with Three
For Sale
$300,000
595 Round Rock West Drive Unit 101-102, Round Rock, TX 78681
Owner-user suite with reception, break area, and private restroom.
Property Size1,672 SF
Days on Market8
Property Features for 595 Round Rock West Drive Unit 101-102
General Information
Standard status
Active
Size
1,672 SF
Class
B
Property subtype
Office - General Office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
common area
communications wiring
Building Details
Building Size
1,672 SF
Tenancy
Single
Listing Agency:
Don Quick & Associates
(512) 814-1825
Listed By:
Shelly Morgan · License ##509529
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 18
Last Checked: Aug 18 at 9:53AM
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 Don Quick & Associates
Investment Insights
Based on property information with market context.
This office condominium provides three private offices along with a reception area, break area, and private restroom. Ten-foot ceilings and communications wiring support a functional professional workspace, while the maintained common areas contribute to the overall presentation of the property. A tenant is currently in place, creating an existing occupancy arrangement for an owner-user buyer to evaluate.
The unit is positioned one block west of IH-35 and McNeil Rd, with access to Mopac and FM 620. Round Rock West Park is adjacent to the property, adding a nearby recreational setting to the surrounding office environment. The property address is 595 Round Rock West Drive, Unit 101-102, Round Rock, TX 78681.
The unit is positioned one block west of IH-35 and McNeil Rd, with access to Mopac and FM 620. Round Rock West Park is adjacent to the property, adding a nearby recreational setting to the surrounding office environment. The property address is 595 Round Rock West Drive, Unit 101-102, Round Rock, TX 78681.
Key Highlights
- Three private offices plus reception and break areas
- Private restroom and 10' ceilings
- Communications wiring throughout the office condo
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
$26,597
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
8.87%
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%
$531,940
$531.9K
Cap Rate 7%
$379,957
$380.0K
Cap Rate 9%
$295,522
$295.5K
Market Conditions
NOI Build-Up for 1,672 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
$50.2K $30.00/SF
− Vacancy
−$14.7K −$8.79/SF
EGI
$35.5K $21.21/SF
− OpEx
−$8.9K −$5.30/SF
NOI
$26.6K $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 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%
$531,940
Cap Rate 7%
$379,957
Cap Rate 9%
$295,522
Alternative Uses
Best Use
Office B
$380.0K
$332.5K – $443.3K
NOI $26,597 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.7K
$463.5K – $618.0K
NOI $37,078 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
Explore this area
Business Placement
Demographics for 78681, TX
57,503
Population
20,817
Households
2.8
Avg Household Size
38
Median Age
56%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
2,479
Density / Sq Mi
$136,215
Median Household Income
$62,739
Median Earnings
$1,848
Median Rent
$460,000
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 - Owner-user suite with reception, break area, and private restroom.
Where is this office units located?
The property is located at 595 Round Rock West Drive Unit 101-102 Round Rock, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three private offices plus reception and break areas; Private restroom and 10' ceilings; Communications wiring throughout the office condo
