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    3875 University Ave Georgetown, TX 78626

    Sponsored
    For Lease
    $11 SF/Yr ($9,583 /Mo)

    Modern Georgetown industrial space for lease.

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    BizPark 29, located at 3875 E University Ave, Georgetown, TX 78626, presents a prime opportunity for businesses seeking flexible industrial space. This Class A, single-story building, constructed in 2018, offers a total of 10,000 square feet, with 5,000 square feet currently available for lease. The property is zoned for light industrial use and boasts a convenient location in the Georgetown submarket, easily accessible from I-30 and minutes from downtown Georgetown. The building features a 11-foot ceiling height, providing ample vertical space for storage or operations. Two drive-in doors facilitate efficient loading and unloading, while shared parking accommodates tenant needs. Individual spaces ranging from 1,100 to 5,000 square feet are available, catering to a variety of business sizes. The property is suitable for flex, warehouse, and distribution uses. The building offers 250 amp power. This is an exceptional opportunity to secure modern, functional industrial space in a thriving Texas location. Contact us today to learn more about leasing options and availability.

    Property Features for 3875 University Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF
    Class
    A
    Total Rate
    9583.33

    Building Details

    Year Built
    2018
    Stories
    1

    Unit(s) available at that property

    Space
    Bldg 10, Suite 110
    Size
    5,000 SF
    Rate per SF
    $11
    Space
    Building 12
    Size
    2,750 SF
    Rate per SF
    $12
    Space
    Bldg 12 S. 1273
    Size
    5,000 SF
    Rate per SF
    $11
    Space
    Bldg 9, S. 108
    Size
    1,100 SF
    Rate per SF
    $13

    We can help!

    Listing Contact
    Tawney Stedman

    Learn more

    HighLights

    • High‑visibility location at the front of the complex, providing excellent accessibility.
    • Prime location with convenient access and high visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    A&W Roofing General Contractor

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Department Store Kitchen & Bath Accounting Firm Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.6282403
    Latitude
    30.6452238

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    FAQs

    What type of property is this?
    Distribution property - Modern Georgetown industrial space for lease.
    Where is this distribution property located?
    The property is located at 3875 University Ave Georgetown, TX.
    What is the lease rate?
    The lease rate is $11-$13 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location at the front of the complex, providing excellent accessibility.; Prime location with convenient access and high visibility.;
    Request Owner's contact information
    3875 University Ave Georgetown, TX 78626
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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
    3875 University Ave Georgetown, TX 78626
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    We can help!
    Listing Contact
    Tawney Stedman
    Real Estate License ID: TX 559218
    Learn more
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