Turnkey Standalone Office
For Sale
$850,000
750 S Mays ST, Round Rock, TX 78664
Standalone office building offers a flexible interior with multiple private rooms and ADA restrooms, plus a fenced outdoor yard.
Property Size1,779 SF
Price / SF$427.35
Days on Market158
Property Features for 750 S Mays ST
General Information
Standard status
Active
Size
1,779 SF
Total Parking Spaces
7
Property subtype
Office
Zoning
C-1
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$14,209
Amenities
reception lobby
ADA restrooms
open space
Building Details
Building Size
1,779 SF
Year Built
1960
Listing Agency:
Compass RE Texas, LLC
Listed By:
Joe Keenan
(512) 200-2469
Source:
Zellteam
Added: Apr 4
Changed: Aug 31
Last Checked: Sep 8 at 10:44AM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
A turnkey standalone building totaling 1,989 square feet, positioned as a flexible work or service space. The interior includes five private offices/classrooms, a reception lobby, open area for desks or activity space, and two ADA restrooms. The property also features updated plumbing fixtures and a new water supply line from the street, and the space has been deep cleaned. Site improvements include seven striped parking spaces and an oversized fenced yard suitable for outdoor seating, a secure play area, or additional parking.
The building is located on a high-visibility corner with approximately 170 feet of (+/-) frontage on S Mays. It is minutes to Downtown Round Rock, IH-35, and SH-45, providing convenient regional access.
General Commercial (C-1) zoning supports a range of uses, including daycare/early-learning center, professional or medical office, boutique retail, studio, wellness, and service business uses.
The building is located on a high-visibility corner with approximately 170 feet of (+/-) frontage on S Mays. It is minutes to Downtown Round Rock, IH-35, and SH-45, providing convenient regional access.
General Commercial (C-1) zoning supports a range of uses, including daycare/early-learning center, professional or medical office, boutique retail, studio, wellness, and service business uses.
Key Highlights
- 1,989 SF stand‑alone commercial building built in 1960 with flexible interior and outdoor space
- Corner lot with 170‑ft (+/-) frontage on S Mays; minutes to Downtown Round Rock, IH‑35, and SH‑45
- Interior includes 5 private offices/classrooms, reception lobby, open space, and 2 ADA restrooms
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
$31,640
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
3.72%
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%
$632,800
$632.8K
Cap Rate 7%
$452,000
$452.0K
Cap Rate 9%
$351,556
$351.6K
Market Conditions
NOI Build-Up for 1,989 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
$59.7K $30.00/SF
− Vacancy
−$17.5K −$8.79/SF
EGI
$42.2K $21.21/SF
− OpEx
−$10.5K −$5.30/SF
NOI
$31.6K $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%
$632,800
Cap Rate 7%
$452,000
Cap Rate 9%
$351,556
Alternative Uses
Best Use
Office B
$452.0K
$395.5K – $527.3K
NOI $31,640 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$630.1K
$551.4K – $735.1K
NOI $44,108 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 78664, TX
60,287
Population
24,259
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
90%
High-School Grad
16.6 sq mi
ZIP Area
3,632
Density / Sq Mi
$85,919
Median Household Income
$45,700
Median Earnings
$1,645
Median Rent
$317,400
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 building - Standalone office building offers a flexible interior with multiple private rooms and ADA restrooms, plus a fenced outdoor yard.
Where is this office building located?
The property is located at 750 S Mays ST Round Rock, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1,989 SF stand‑alone commercial building built in 1960 with flexible interior and outdoor space; Corner lot with 170‑ft (+/-) frontage on S Mays; minutes to Downtown Round Rock, IH‑35, and SH‑45; Interior includes 5 private offices/classrooms, reception lobby, open space, and 2 ADA restrooms
