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    OFF-MARKET
    Flex space

    16 Lake Dr, Round Rock, TX 78665

    3,287 SF 2.5 ac lot
    Property ID
    US82-0372120
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 16 Lake Dr, Round Rock, TX 78665, presents a unique investment opportunity. Priced at $1,500,000, this 3,287 square foot flex space sits on a generous 2.5-acre lot and offers immense versatility for a variety of business or residential uses. The property boasts two buildings, each two stories high, providing ample space for expansion or adaptation. Currently vacant, this property features a three-car garage, a primary suite ideal for use as a large office or conference room, and the potential for four additional offices. The property is equipped with HVAC units and a fully integrated sprinkler system, ensuring comfort and safety. Further enhancing its practicality, the property includes its own well and two septic tanks. The roof was completely replaced in February 2024. Situated in a thriving area of Round Rock, this property offers convenient access to major intersections and is only eight minutes from downtown Round Rock. There are no HOA fees and no zoning restrictions, allowing for maximum flexibility in its future use. Note that a survey is not available, and buyers are responsible for their own due diligence regarding intended use.

    Property profile
    Verified
    Property type Flex space
    Total area 3,287 SF
    Lot 2.5 ac (108,900 SF)
    UPID US82-0372120
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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