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    Property profile & analytics

    305 Limestone Ter Jarrell, TX 76537

    • Commercial real estate
    • 34,200 SF
    • 3.10 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    $1,275,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1757236
    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.

    Current Use by Public Records

    • Print Shop / Marketing & Advertising / Printing Service
    • Solar of Jarrell / Solar Energy Company
    • Lucky Penny Lounge / Bar & Pub / Restaurant
    • Twice The Ice / Big Box & Wholesale Store / Distribution Center
    • Genesis 50:20 Air Solutions / Department Store

    Property Details for 305 Limestone Ter

    Year built
    2006
    Lot size
    3.10 lot acres
    Property size
    34,200 SF
    Property type
    Commercial real estate
    APN
    R-11-9656-2A0A-0001
    APU
    R1196562A0A0001

    Description

    Cougar Plaza, located at 305 Limestone Terrace in Jarrell, Texas, 76537, offers exceptional office space opportunities within a thriving Williamson County community. This single-story, Class B building, constructed in 2006 and renovated in 2018, sits on a 3.09-acre lot and comprises nine suites. The property features a diverse tenant mix, including a nail salon, hair salon, ice cream shop, retail businesses, a restaurant, and existing office tenants, creating a vibrant and established commercial environment. The building offers flexible space options, with a minimum divisible space of 2,090 square feet and a maximum contiguous space of 6,450 square feet. Its strategic location off Interstate 35 provides excellent accessibility and visibility, benefiting from the growth of the Sonterra Subdivision community. The property is anchored by Anytime Fitness, further enhancing its appeal and attracting a steady stream of foot traffic. This versatile space is ideal for a variety of uses, including medical offices, coffee shops, retail businesses, churches, or event centers. The property's diverse tenant mix and convenient location make it an attractive investment opportunity. Contact us today to learn more about the available spaces and explore the possibilities for your business at Cougar Plaza.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $980,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,570,000
      Market price range: $1.57M - $4.95M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jarrell
    County
    Williamson
    State
    Texas
    Longitude
    -97.6102
    Latitude
    30.8095
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,715
    $1,803,010
    $14,553
    $1,817,563
    -
    $1,803,010
    $14,553
    $1,817,563

    Comparable in this City

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      COMMERCIAL (GENERAL) • 5.29 Acres
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      Jarrell, TX: 50-Acre Development Land

      Prime 50-acre tract, exceptional development potential.
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    Similar Nearby for Lease

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      Distribution property in prime location near IH 35.
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      Office Space in Growing Community

      3,600 SF office space in Jarrell, Texas for lease.
      321 Limestone Ter, Jarrell, TX 76537
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    • $12 SF/Yr
      6,450 SF

      Cougar Plaza: Jarrell Office Space

      Prime Jarrell Office Suites, Flexible Sizes
      305 Limestone Ter, Jarrell, TX 76537
      View Details
    • Contact for pricing

      New Home in Quiet Neighborhood

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    Jarrell, TX 76537
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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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