Georgetown Storefront Retail/Office
For Sale
Contact for pricing
Pending
609 E University Ave, Georgetown, TX 78626
1,025 SqFt storefront condo in Georgetown, Texas for sale.
Property Size1,025 SF
Days on Market195
Property Features for 609 E University Ave
General Information
Standard status
Pending
Size
1,025 SF
Class
B
Property subtype
Office, Retail
Zoning
C2
Occupancy
100%
Lease Type
Modified Gross
Building Details
Year Built
2021
Units
1
Tenancy
Single
Listing Agency:
Crossley Commercial %KW Commercial
(512) 439-3785
Listed By:
Frances Crossley · License #TX 0624525
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Jul 24 at 1:50PM
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 Crossley Commercial %KW Commercial
Investment Insights
Based on property information with market context.
This 1,025 square foot storefront retail/office condominium is strategically located on East University Avenue in Georgetown, Texas. The suite offers frontage and a flexible layout suitable for office, medical, service-based industries, or boutique retail users. The property provides access to I-35, downtown Georgetown, and surrounding residential and commercial areas. It features ample parking and exposure on a major Georgetown arterial with strong traffic counts. The space benefits from natural light through storefront windows and has signage presence, a sink in the breakroom, washer/dryer connections, an ADA restroom, and a large open work area. The property is tenant-occupied with a 3-year lease term.
Key Highlights
- Prime location on East University Ave in Georgetown with high visibility and strong traffic counts.
- Flexible 1,025 SqFt layout suitable for various uses: office, medical, retail, or service‑based businesses.
- Excellent accessibility to I‑35, downtown Georgetown, and surrounding areas.
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
$24,442
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
6.79%
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%
$488,840
$488.8K
Cap Rate 7%
$349,171
$349.2K
Cap Rate 9%
$271,578
$271.6K
Market Conditions
NOI Build-Up for 1,025 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
$43.1K $42.00/SF
− Vacancy
−$10.5K −$10.21/SF
EGI
$32.6K $31.79/SF
− OpEx
−$8.1K −$7.95/SF
NOI
$24.4K $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%
$488,840
Cap Rate 7%
$349,171
Cap Rate 9%
$271,578
Alternative Uses
Best Use
Office B
$349.2K
$305.5K – $407.4K
NOI $24,442 @ 7.0% cap · market cap 6.79%
Second Best
Retail
$257.8K
$225.6K – $300.8K
NOI $18,048 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$428.5K
$374.9K – $499.9K
NOI $29,993 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,582
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78626, TX
39,935
Population
16,866
Households
2.4
Avg Household Size
34
Median Age
36%
College-Educated
90%
High-School Grad
88.6 sq mi
ZIP Area
451
Density / Sq Mi
$94,967
Median Household Income
$44,955
Median Earnings
$1,752
Median Rent
$358,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- TPH COFFEE & FLOWERS — 904 W University Ave #115, Georgetown, TX 78626
- Flower Bells — 507 Walnut St, Georgetown, TX 78626
Frequently Asked Questions
What type of property is this?
Storefront property - 1,025 SqFt storefront condo in Georgetown, Texas for sale.
Where is this storefront property located?
The property is located at 609 E University Ave Georgetown, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Prime location on East University Ave in Georgetown with high visibility and strong traffic counts.; Flexible 1,025 SqFt layout suitable for various uses: office, medical, retail, or service‑based businesses.; Excellent accessibility to I‑35, downtown Georgetown, and surrounding areas.
