Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Pad Site Opportunity Title is generated by Realmo AI

    4951 University Blvd, Round Rock, TX 78665

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial pad site available in Round Rock, Texas.

    Type:Retail
    Added:
    Apr 20, 2023
    Days on Market:
    1123
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 4951 University Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Kristiana Beck

    Listing agent Kristiana Beck License #544453

    Listing office Bramlett Partners

    Listing date Apr 20, 2023

    Source Crexi

    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 Bramlett Partners

    HighLights

    • High‑traffic location at the northern entrance to the new Salerno neighborhood.
    • C‑1a zoning already in place, suitable for various commercial uses.
    • Adjacent to a planned c‑store/gas station development, increasing visibility and customer flow.
    • Dual access from University Blvd. and the Salerno neighborhood road.
    • Ideal for bank or drive‑thru restaurant.
    • Located in Round Rock, a growing city.

    Overview

    This commercial pad site is located at the northern entrance to the new Salerno neighborhood. The property is zoned General Commercial Limited - C-1a. The owner is developing a convenience store and gas station on the hard corner, and this pad site is adjacent to their planned development. The pad site will have access from both University Blvd and the road that goes into the Salerno neighborhood. The C-1a zoning is already in place in Round Rock. This site presents an opportunity for various businesses, including a bank or a drive-thru restaurant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Round Rock
    County
    Williamson
    State
    Texas
    Longitude
    -97.6437882
    Latitude
    30.5735478

    Nearby Similar for Sale

    • $300,000
      920 SF

      Professional Office Condo in Round Rock

      Turnkey office condo with private offices, conference room, and kitchen.
      3000 Joe Dimaggio Boulevard, Round Rock, TX 78665
      View Details
    • $1,600,000
      2,560 SF

      Round Rock Commercial Acreage

      5.967 acres in Round Rock ETJ with development potential.
      2015 Sam Bass Road, Round Rock, TX 78681
      View Details
    • $533,800

      Professional Office Condo For Sale

      Corner suite in Palm Valley Professional & Medical complex.
      503 Palm Valley Blvd E 210, Round Rock, TX 78664
      View Details
    • $315,000

      Professional Office Condo For Sale

      Office condo with private offices, reception, and break room.
      1101 Satellite Vw 605, Round Rock, TX 78665
      View Details
    • $850,000

      Net-Zero Ready Townhomes in Round Rock

      Luxury, sustainable duplexes in a gated Texas Hill Country community.
      300,302,304 Tesla Circle, Round Rock, TX 78681
      View Details
    • $675,000
      1,460 SF

      Modern Office Condos in Round Rock

      Two connecting office condos built in 2020, flexible layout.
      3309 Forest Creek Dr, Round Rock, TX 78664
      View Details
    • $6,337,980

      Avery Centre Development Site

      5.82-acre development site in a rapidly growing area.
      1501 University Boulevard, Round Rock, TX 78665
      View Details
    • Contact for pricing
      5,700 SF

      Retail Space on University Boulevard

      Retail space for lease or sale near major medical campus.
      1650 & 1680 University Blvd, Round Rock, TX 78665
      View Details
    • $3,619,000
      11,000 SF

      Versatile Commercial Property in Round Rock

      11,000 SF property suitable for office, retail, and more.
      2900 Jazz St, Round Rock, TX 78664
      View Details
    • $435,000
      1,460 SF

      Round Rock Flex Warehouse Unit

      Two-story flex/warehouse unit with excellent natural light and modern amenities.
      2100 Double Creek Dr 120, Round Rock, TX 78664
      View Details
    • $295,000

      Professional Office Condo in Round Rock

      Well-maintained office condo in central Round Rock location.
      2251 Double Creek DR 503, Round Rock, TX 78664
      View Details
    • $225,000

      Prime Downtown Round Rock Land

      1.3-acre lot in the heart of Downtown Round Rock.
      610 Nash Street, Round Rock, TX 78664
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial pad site available in Round Rock, Texas.
    Where is this commercial land located?
    The property is located at 4951 University Blvd Round Rock, TX.
    What is the asking price?
    The asking price for this property is $1,559,448.
    What are key features of this property?
    This property features: High‑traffic location at the northern entrance to the new Salerno neighborhood.; C‑1a zoning already in place, suitable for various commercial uses.; Adjacent to a planned c‑store/gas station development, increasing visibility and customer flow.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kristiana Beck
    Real Estate License ID: 544453
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4951 University Blvd, Round Rock, TX 78665
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!