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    3 Westview Dr Round Rock, TX 78664

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    3 Westview Dr Round Rock, TX 78664

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    • Commercial land
    For Lease
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    Office Conversion Opportunity For Lease
    Contact for pricing

    Office Conversion Opportunity

    Residential buildings suitable for office conversion with customizable layouts.

    3 Westview Dr, Round Rock, TX 78664
    View Listing
    Property ID
    US82-3400428
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3 Westview Dr

    Year built
    1984
    Property type
    Commercial land
    Property subtype
    Office properties & Spaces

    Description

    Two residential buildings ideal for office conversion. These spaces offer customizable layouts, essential amenities, and ample parking. Located in a prime area with excellent visibility, they provide a professional environment designed for productivity and client appeal. Perfect for businesses looking to establish their presence in a convenient and adaptable setting. Adjacent to the primary listing, 3467 Gattis School Rd offers a 5.03-acre land for lease with an expansion option with a warehouse. Listing can be found here: https://ltcommercialgroup.com/search-properties/?propertyId=1404973-lease

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Round Rock
    County
    Williamson
    State
    Texas
    Longitude
    -97.62701
    Latitude
    30.4940609

    Comparable in this City

    • Contact for pricing

      Round Rock Office Space

      Office space available for lease in Round Rock, Texas.
      110 S Lampasas St, Round Rock, TX 78664
      View Details
    • $20 SF/Yr
      2,389 SF

      Historic Downtown Round Rock Office

      Prime Office Suites, 825-2970 SF
      100 Main St, Round Rock, TX 78664
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      Contemporary Boutique Office Space

      Contemporary boutique office space designed for tenant satisfaction.
      101 E Old Settlers Blvd, Round Rock, TX 78664
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      Prime Pad Site Available

      1.6-acre pad site with high visibility on Highway 79.
      2700 E Palm Valley Blvd, Round Rock, TX 78664
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    • Contact for pricing

      Prime Land for Lease

      Two pad sites available with high visibility and accessibility.
      791 Louis Henna Blvd, Round Rock, TX 78664
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      Round Rock Multi-Tenant Building

      13,410 SF multi-tenant building in north Round Rock.
      2021 N Mays St, Round Rock, TX 78664
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    Similar Nearby for Sale

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      3,664 SF

      Round Rock Commercial Space

      Modern suites, flexible space, prime location.
      2261 Gattis School Rd, Building 2, Round Rock, TX 78664
      View Details
    • $225,000
      1.31 Acres

      Prime Downtown Round Rock Land

      1.3-acre lot in the heart of Downtown Round Rock.
      610 Nash St, Round Rock, TX 78664
      View Details
    • $2,500,000
      1,000 SF

      Commercial Lot in Downtown Round Rock

      Prime commercial lot in thriving Round Rock downtown area.
      103 W Bagdad Ave, Round Rock, TX 78664
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    • $500,000

      Land Approved for Office Use

      Land with utilities ready, approved for office development.
      1620 Red Bud Ln, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Land with Highway Frontage

      Commercial land with utilities, approved zoning, and highway frontage.
      2 Westview Dr, Round Rock, TX 78664
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    • $274,900

      Land with High Visibility

      Land with easy access and surrounded by established neighborhoods.
      100 Tower Dr, Round Rock, TX 78664
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    Similar Nearby for Lease

    • Contact for pricing

      Round Rock Office Space

      Office space available for lease in Round Rock, Texas.
      110 S Lampasas St, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Contemporary Boutique Office Space

      Contemporary boutique office space designed for tenant satisfaction.
      101 E Old Settlers Blvd, Round Rock, TX 78664
      View Details
    • $20 SF/Yr
      2,389 SF

      Historic Downtown Round Rock Office

      Prime Office Suites, 825-2970 SF
      100 Main St, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Prime Pad Site Available

      1.6-acre pad site with high visibility on Highway 79.
      2700 E Palm Valley Blvd, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Prime Land for Lease

      Two pad sites available with high visibility and accessibility.
      791 Louis Henna Blvd, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Historic Office Space For Lease

      Office spaces for lease near downtown shops and restaurants.
      309 W Main St, Round Rock, TX 78664
      View Details
    View Listing
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    3 Westview Dr
    Round Rock, TX 78664
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    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
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