512 Sheppard St Round Rock, TX 78664
This exceptional 0.507-acre property in Round Rock, Texas, presents a unique investment opportunity. Located at 512 N Burnet St and 509 N Sheppard St, in Williamson County, zip code 78664, this land is zoned MU-2, allowing for versatile development options. Its strategic location offers easy access to Downtown Round Rock, making it ideal for a variety of uses, including office, multifamily, retail, or hospitality projects. The half-acre lot size is a rare find in this area, presenting a significant advantage for developers seeking a prime location for new construction. The asking price is $600,000. This property's flexible zoning and prime location make it an attractive investment for those seeking to capitalize on Round Rock's booming market, whether for buy-and-hold or development purposes. The property's proximity to Downtown Round Rock further enhances its appeal and potential for future growth and profitability. This is a rare opportunity to acquire a strategically located, versatile property in a thriving Texas market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.