Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    512 Sheppard St Round Rock, TX 78664
    Back to Search
    Property profile & analytics

    512 Sheppard St, Round Rock, TX 78664

    View on Map
    • Land
    • 0.51 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 512 Sheppard St

    Lot size
    0.51 lot acres
    Property type
    Land

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Round Rock
    County
    Williamson
    State
    Texas
    Longitude
    -97.6781
    Latitude
    30.5133

    Comparable in this City

    • Value Estimation by Request
      1.23 Acres

      2100 Old Settlers Blvd

      Land
      2100 Old Settlers Blvd, Round Rock, TX 78664
      View Details
    • Value Estimation by Request
      1.31 Acres

      610 Nash St

      Investment properties
      610 Nash St, Round Rock, TX 78664
      View Details
    • Value Estimation by Request
      3.97 Acres

      2211 Lancaster Gate Cv

      Land
      2211 Lancaster Gate Cv, Round Rock, TX 78664
      View Details
    • Value Estimation by Request
      8.06 Acres

      4251 Gattis School Rd

      Land
      4251 Gattis School Rd, Round Rock, TX 78664
      View Details
    • Value Estimation by Request
      2.47 Acres

      3581 Interstate Hwy

      Land
      3581 Interstate Hwy, Round Rock, TX 78664
      View Details
    • Value Estimation by Request
      14.81 Acres

      3401 Greenlawn Blvd

      Land
      3401 Greenlawn Blvd, Round Rock, TX 78664
      View Details

    Similar Nearby for Sale

    • $239,000

      Round Rock Land Opportunity

      Rare land tract in Round Rock with greenbelt access.
      902 East Bowman Rd, Round Rock, TX 78664
      View Details
    • $239,000

      Round Rock Land Opportunity

      Rare land tract in Round Rock with greenbelt access.
      902 E Bowman Dr, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Pflugerville ETJ Development Opportunity

      Eight-acre property outside city limits, prime for development.
      4251 Gattis School Rd, Round Rock, TX 78664
      View Details
    • $140,000

      Large Treed Lot Near Downtown

      Flat 2/3 acre lot close to downtown and IH35.
      501 Bellview Ave, Round Rock, TX 78664
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Parcel For Lease

      Land available for lease with or without warehouse.
      3467 Gattis School Rd, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Updated Townhouse in Central Round Rock

      Updated one-story townhouse with private backyard near Downtown Round Rock.
      1923 Nicole Cir, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Charming Duplex with Fenced Backyard

      Duplex in Round Rock with high ceilings and fireplace.
      2126 Redwing Way, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Round Rock Duplex For Rent

      Three-bedroom duplex in north Round Rock, near IH 35 and Toll 130.
      902 Country Aire Dr, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Corner Lot Duplex For Rent

      Duplex with laminate flooring, fresh paint, and yard.
      501-503 Willowbend Cv #503, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Office Conversion Opportunity

      Residential buildings suitable for office conversion with customizable layouts.
      3 Westview Dr, Round Rock, TX 78664
      View Details
    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.
    512 Sheppard St
    Round Rock, TX 78664
    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
    512 Sheppard St, Round Rock, TX, 78664
    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!