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16 Lake Dr Round Rock, TX 78665

OFF-MARKET Office Spaces Google Maps
3,287 SF 2.5 ac lot
Estimated value
No estimation on file for this property yet.
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 Office Spaces
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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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