Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3589 Greenlawn Blvd Round Rock, TX 78664
    Back to Search
    Property profile & analytics

    3589 Greenlawn Blvd Round Rock, TX 78664

    View on Map
    • Outlet malls
    • 65,603 SF
    • 11.78 lot acres
    For Sale
    $10,289,000
    View Listing →
    New Retail Building For Sale For Sale
    $10,289,000
    4,191 SF

    New Retail Building For Sale

    New construction retail building with long-term corporate lease in Round Rock.

    3589 Greenlawn Blvd, Round Rock, TX
    View Listing
    Property ID
    US83-0964472
    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

    • Rooms To Go / Furniture & Home Goods / Home Decor Store
    • Rooms To Go - Round Rock / Furniture & Home Goods / Home Decor Store

    Property Details for 3589 Greenlawn Blvd

    Year built
    2016
    Lot size
    11.78 lot acres
    Property size
    65,603 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    283210609
    APU
    283210609

    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
    Travis
    State
    Texas
    Longitude
    -97.6691
    Latitude
    30.4721
    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
    2022
    $186,185
    $6,157,328
    $4,777,672
    $10,935,000
    -
    $6,157,328
    $4,777,672
    $10,935,000

    Comparable in this City

    • Value Estimation
      $1,300,000
      37,954 SF

      Interstate Hy 35

      WHOLESALE OUTLET, DISCOUNT STORE • 37,954 SF
      Interstate Hy 35, Round Rock, TX 78664
      View Details
    • Value Estimation
      $1,325,000
      44,356 SF

      3201 Interstate 35

      WHOLESALE OUTLET, DISCOUNT STORE • 44,356 SF
      3201 Interstate 35, Round Rock, TX 78664-9346
      View Details
    • Value Estimation
      $1,665,000
      48,825 SF

      3203 Interstate 35

      WHOLESALE OUTLET, DISCOUNT STORE • 48,825 SF
      3203 Interstate 35, Round Rock, TX 78664-9348
      View Details
    • Value Estimation
      $580,000
      27,800 SF

      Greenlawn Blvd

      SHOPPING CENTER, STRIP CENTER • 27,800 SF
      Greenlawn Blvd, Round Rock, TX 78664
      View Details
    • Value Estimation by Request
      10,820 SF

      3590 Greenlawn Blvd

      SHOPPING CENTER, STRIP CENTER • 10,820 SF
      3590 Greenlawn Blvd, Round Rock, TX 78664-2536
      View Details
    • Value Estimation
      $640,000
      18,883 SF

      3107 Interstate 35

      SHOPPING CENTER, STRIP CENTER • 18,883 SF
      3107 Interstate 35, Round Rock, TX 78664-9345
      View Details

    Similar Nearby for Sale

    • $3,619,000
      11,000 SF

      Versatile Commercial Property in Round Rock

      11,000 SF property suitable for office, retail, and more.
      2900 Jazz St, Round Rock, TX 78664
      View Details
    • $6,257,800
      13,813 SF

      Round Rock NNN Retail Property

      NNN retail property in Round Rock, Texas for sale.
      1855 Gattis School Rd, Round Rock, TX 78664
      View Details
    • Contact for pricing
      4,077 SF

      Retail Property in Round Rock

      Retail property available for sale in Round Rock, Texas.
      902 E Palm Valley Blvd, Round Rock, TX 78664
      View Details
    • $870,000
      2,835 SF

      Retail/Auto Repair Opportunity

      Operating oil change location with office tenant and extra land.
      601 S Mays St, Round Rock, TX 78664
      View Details
    • $10,289,000
      4,191 SF

      New Retail Building For Sale

      New construction retail building with long-term corporate lease in Round Rock.
      3589 Greenlawn Blvd, Round Rock, TX 78664
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,085 SF

      Retail Space in Round Rock

      Retail space available in a high-traffic Round Rock shopping center.
      3720-3750 Gattis School Rd, Round Rock, TX 78664
      View Details
    • Contact for pricing
      2,589 SF

      Retail Space in Boardwalk Center

      Retail space available in a busy Round Rock shopping center.
      2601 S Interstate 35, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Retail Space in Grocery-Anchored Center

      Retail space available in H-E-B anchored shopping center.
      601 Louis Henna Blvd, Round Rock, TX 78664
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space on IH-35

      Retail and restaurant space in high-traffic Round Rock location.
      2120 North Mays St, Round Rock, TX 78664
      View Details
    • Contact for pricing

      Retail and Flex Warehouse Space

      16,250 SF property with retail and flex warehouse space.
      3810 Gattis School Rd, Round Rock, TX 78664
      View Details
    • Contact for pricing
      2,869 SF

      Retail Space Near Dell Headquarters

      Retail space near major employers and affluent neighborhoods for lease.
      3200 Greenlawn Blvd, Round Rock, TX 78664
      View Details

    Property Visit Statistics

    • Visits by month
      7.4k
    • Visitors by month
      7.2k
    • Avg Time on site
      46 min
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3589 Greenlawn Blvd
    Round Rock, TX 78664
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3589 Greenlawn Blvd, Round Rock, TX, 78664
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!