16 Lake Dr, Round Rock, TX 78665
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.