Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3701 St Hwy Georgetown, TX 78628
    Back to Search
    Property profile & analytics

    3701 St Hwy, Georgetown, TX 78628

    View on Map
    • Retail properties & Spaces
    • 1,300 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3701 St Hwy

    Year built
    2025
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional Class A flex space, located at 3701 W St Hwy 29 in Georgetown, Texas (zip code 78628), offers a prime opportunity for businesses seeking modern, efficient, and versatile facilities. The Preserve at Water Oak Phase 1 boasts over 50,000 square feet of retail, office, and flex spaces, all move-in ready and finished to high standards. Units range from 1,300 to 10,132 square feet, and can be combined to accommodate various business needs. Each unit features impressive 21'6" ceilings, 10x12 garage doors, and is fully equipped with HVAC, high-speed fiber internet, and 3-phase power. The building envelope is fully insulated, ensuring energy efficiency. Additional amenities include ADA-compliant restrooms and the option for a storage mezzanine. The property benefits from its strategic location on Highway 29, a rapidly growing area in Central Texas, providing excellent visibility and accessibility. The property is fully sprinklered and allows for signage above the units. This is a rare opportunity to secure high-quality flex space in a thriving market. Contact us today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.7634
    Latitude
    30.641

    Comparable in this City

    • Value Estimation by Request
      1,125 SF

      113 Cantera

      Distribution properties
      113 Cantera, Georgetown, TX 78628
      View Details
    • Value Estimation by Request
      51,450 SF

      3701 State Highway 29

      Restaurants
      3701 State Highway 29, Georgetown, TX 78628
      View Details
    • Value Estimation by Request
      1.50 Acres

      29 Hwy

      Restaurants
      29 Hwy, Georgetown, TX 78628
      View Details
    • Value Estimation by Request
      1,500 SF

      205 Cantera

      Distribution properties
      205 Cantera, Georgetown, TX 78628
      View Details
    • Value Estimation by Request

      113 Cantera Way

      Office Units
      113 Cantera Way, Georgetown, TX 78628
      View Details
    • Value Estimation by Request

      765 Kauffman Loop

      Day care centers
      765 Kauffman Loop, Georgetown, TX 78628
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.50 Acres

      Highway 29 Restaurant Opportunity

      Prime Texas Restaurant Site, 12 Oaks Village
      0 State Highway 29, Georgetown, TX 78628
      View Details
    • Contact for pricing

      New Flex Condo Development

      Modern office/warehouse condos in Georgetown near Highway 29.
      113 Cantera, Georgetown, TX 78628
      View Details
    • Contact for pricing
      1,200 SF

      Georgetown Flex Warehouse Unit 404

      1,200 SF Flex Space, Ideal for Small Business
      1004 Capella Pkwy, Georgetown, TX 78628
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr

      Mixed-Use Development in Georgetown, Texas

      High-end mixed-use development with office, retail, and restaurant spaces.
      1500 Rivery Blvd, Georgetown, TX 78628
      View Details
    • Contact for pricing

      Mixed-Use Development in Georgetown, Texas

      High-end mixed-use development with hotel, office, retail, and lofts.
      1500 Rivery Blvd, Georgetown, TX 78628
      View Details
    • Contact for pricing
      51,450 SF

      Georgetown TX Office/Retail Space

      Prime Georgetown location, flexible suites available.
      3701 State Highway 29, Georgetown, TX 78628
      View Details
    • $5,500 /Mo

      Versatile Georgetown ETJ Mixed-Use Property

      Live/work property with office space in a growing area.
      3900 Shell Rd, Georgetown, TX 78628
      View Details
    • Contact for pricing
      2,233 SF

      Mixed-Use Development Retail Space

      High-end mixed-use development with retail, restaurant, and office space.
      1500 Rivery Blvd, Georgetown, TX 78628
      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.
    3701 St Hwy
    Georgetown, TX 78628
    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
    3701 St Hwy, Georgetown, TX, 78628
    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!