Updated Office Building with
601 Spring St Round Rock, TX 78664
601 Spring St, Round Rock, TX, 78664
$699,000
For Sale
$699,000
Office building with a flexible layout, open workspace, full-size kitchen, reception area, and five office spaces.
Property Size2,880 SF
Price / SF$242.71
Days on Market44
Property Features for 601 Spring St
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Office
Building Details
- Year Built
- 1970
Listing agency
Keller Williams Realty Lone Star
(512) 994-0247
Listed by
Robert Fischer · License #0538860
(512) 994-0247
Source
Xome
Added: Jun 8 Updated: Jul 21 at 1:20PM Checked: Jul 21 at 1:20PM
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 Keller Williams Realty Lone Star
Investment Insights
Based on property information with market context.
This updated office building offers a flexible interior layout designed to support multiple professional configurations. The space includes five office spaces, with one well-suited as a large conference room, along with a reception area, a large open workspace, three full bathrooms, and multiple storage spaces. A full-size kitchen is also included.
The property is located in central Round Rock, on a large lot with ample parking and a circular drive that supports convenient ingress and egress for employees, clients, and visitors.
Zoning is Single-Family with a MU-2 overlay within the City of Round Rock. Commercial uses may be permitted, but are subject to City approval and applicable zoning requirements, with potential uses referenced in Section 2.77 of the City of Round Rock Zoning Ordinance.
The property is located in central Round Rock, on a large lot with ample parking and a circular drive that supports convenient ingress and egress for employees, clients, and visitors.
Zoning is Single-Family with a MU-2 overlay within the City of Round Rock. Commercial uses may be permitted, but are subject to City approval and applicable zoning requirements, with potential uses referenced in Section 2.77 of the City of Round Rock Zoning Ordinance.
Key Highlights
- Office building with a flexible layout, including a reception area, large open workspace, and five office spaces (one set up as a conference room).
- 3 full bathrooms plus multiple storage spaces, along with a full‑size kitchen.
- Central air cooling and heating system listed as “3”.
Local 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 | $86.4k | $30.00 |
| − Vacancy | −$25.3k | −$8.79 |
| EGI | $61.1k | $21.21 |
| − OpEx | −$15.3k | −$5.30 |
| NOI | $45.8k | $15.91 |
2,880 SF · lease $30.00/SF/yr · vacancy 29.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$654.5K
$572.7K – $763.6K
NOI $45,814 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$912.4K
$798.3K – $1.06M
NOI $63,867 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Office building with a flexible layout, open workspace, full-size kitchen, reception area, and five office spaces.
Where is this office building located?
The property is located at 601 Spring St Round Rock, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Office building with a flexible layout, including a reception area, large open workspace, and five office spaces (one set up as a conference room).; 3 full bathrooms plus multiple storage spaces, along with a full‑size kitchen.; Central air cooling and heating system listed as “3”.
