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    The Largest CRE Database in the US with Over 1 Million Listings

    405 Round Rock Ave Round Rock, TX 78664

    Sponsored
    For Sale
    $1,295,000

    1,854 SF Mixed-Use Office, 100% Occupied

    Property size:
    1,854 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional 1,854 square foot mixed-use building is ideally situated in the heart of downtown Round Rock, Texas. The property, priced at $1,295,000 ($698.49/SF), sits on a 0.269-acre lot and boasts a versatile layout perfect for a variety of businesses. The single-story building features five offices, a flexible workspace, a conference room, three restrooms, and two coffee bars. Ample on-site and street parking is available for both employees and clients. The building also offers excellent signage opportunities for enhanced brand visibility. Currently 100% occupied, this property presents a strong investment opportunity with a lease rate of $26/SF + NNN. Located in a vibrant community with a population exceeding 234,000 within a 5-mile radius, this property offers significant growth potential. The building's Class B designation reflects its solid construction and functional design. This is a rare opportunity to acquire a well-located, income-producing property in a thriving Texas market. The property is zoned for mixed-use, allowing for flexibility in future development or tenant occupancy. The building's single-story design provides easy accessibility and efficient use of space. This turnkey operation is ready for immediate occupancy or continued lease income.

    Property Features for 405 Round Rock Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,854 SF
    Class
    B
    Lot Size
    11,718 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Brentley Brinegar
    Brentley Brinegar

    Learn more

    Property Insight Report

    HighLights

    • Available for Lease
    • 1,854 square feet on a 0.269‑acre lot
    • Lease Rate: $26 per square foot, plus NNN expenses
    • Asking Price: $1,295,000
    • Prime Downtown Location
    • Five offices, plus flex space/conference room, three restrooms, and two coffee bars
    Property Profile Location Intelligence

    Current Use by Public Records

    Ed Walsh, Attorney ... Attorney Cummings Patricia J Attorney

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Round Rock
    County
    Williamson
    State
    Texas
    Longitude
    -97.68284901
    Latitude
    30.50921604

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    FAQs

    What type of property is this?
    Mixed-use property - 1,854 SF Mixed-Use Office, 100% Occupied
    Where is this mixed-use property located?
    The property is located at 405 Round Rock Ave Round Rock, TX.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Available for Lease; 1,854 square feet on a 0.269-acre lot; Lease Rate: $26 per square foot, plus NNN expenses
    Request Owner's contact information
    405 Round Rock Ave Round Rock, TX 78664
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    Round Rock, TX 78664
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    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
    405 Round Rock Ave Round Rock, TX 78664
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    We can help!
    Listing Contact
    Brentley Brinegar
    Brentley Brinegar
    Real Estate License ID: TX 589701
    Learn more
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