3618 Williams Dr Georgetown, TX 78628-3781
- Commercial real estate
- 7,053 SF
- 1.07 lot acres
Dec 27, 2021
Current Use by Public Records
- Ashby Signature Homes / Construction Company / General Contractor
Property Details for 3618 Williams Dr
- Year built
- 2015
- Lot size
- 1.07 lot acres
- Property size
- 7,053 SF
- Property type
- Commercial real estate
- APN
- R-20-9969-0001-0005
- APU
- R20996900010005
Description
This exceptional 6,670 square foot office condo in Georgetown, Texas, presents a unique investment opportunity. Situated on a 1.07-acre lot, the property boasts two distinct units, each meticulously designed with high-end finishes. One unit is currently available for immediate occupancy or lease by the new owner, providing flexibility for immediate use or potential rental income. The second unit is currently leased to a tenant under a lease agreement extending for at least one more year, ensuring a steady stream of passive income. Both units are thoughtfully laid out to accommodate a variety of business needs. Each includes a dedicated conference room, perfect for client meetings or internal presentations, several private executive offices offering quiet workspaces for individual productivity, and open collaborative work areas designed to foster teamwork and communication. Beyond the functional interior, the property offers a significant advantage: ample parking for employees and clients, eliminating the common parking challenges often associated with commercial properties. Furthermore, the property features direct, private access, enhancing security and providing a professional image. This combination of features makes this Georgetown office condo an attractive proposition for businesses seeking a premium workspace with immediate occupancy potential and long-term rental income.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,585,000
- 6.5%
- $1,465,000
- 7%
- $1,360,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,312,000
Market price range: $418k - $1.31M
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Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Williamson
- State
- Texas
- Longitude
- -97.6974
- Latitude
- 30.6688
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA