Storefront Retail
For Sale
$360,000
609 E University Ave Ste 110, Georgetown, TX 78626
Flexible commercial suite with natural light, ADA restroom, breakroom sink, and washer and dryer connections.
Property Size1,025 SF
Price / SF$351.22
Days on Market193
Property Features for 609 E University Ave Ste 110
General Information
Standard status
Active
Size
1,025 SF
Property subtype
Street Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
natural light
storefront windows
strong signage presence
sink in the breakroom
washer and dryer connections
ADA restroom
large open work area
Building Details
Building Size
1,025 SF
Year Built
2021
Tenancy
Single
Properties For Sale
at 609 E University Ave Ste 110 Contact us- Size
- 1,025 SF
- Lease Type
- Modified Gross
Storefront Retail/Office Condo
Listing Agency:
Crossley Commercial %KW Commercial
(512) 751-0004
Listed By:
Frances Crossley · License #0624525
(512) 751-0004
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 12:00AM
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 condominium, built in 2021, combines an open work area with storefront windows that bring in natural light. The suite includes an ADA restroom, a breakroom sink, and washer and dryer connections. Its layout can accommodate office, medical, service-based, or boutique retail operations, subject to applicable requirements.
The property fronts East University Ave in Georgetown and provides access to I-35 and downtown Georgetown. On-site parking and signage presence support customer-facing and professional uses. The suite is identified as 609 E University Ave, Ste 110, Georgetown, TX 78626.
The property fronts East University Ave in Georgetown and provides access to I-35 and downtown Georgetown. On-site parking and signage presence support customer-facing and professional uses. The suite is identified as 609 E University Ave, Ste 110, Georgetown, TX 78626.
Key Highlights
- 1,025 SqFt storefront retail/office condominium
- Built in 2021 with storefront windows and natural light
- Frontage on East University Ave in Georgetown, TX
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
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Flexible commercial suite with natural light, ADA restroom, breakroom sink, and washer and dryer connections.
Where is this storefront property located?
The property is located at 609 E University Ave Ste 110 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: 1,025 SqFt storefront retail/office condominium; Built in 2021 with storefront windows and natural light; Frontage on East University Ave in Georgetown, TX
