Property profile

403 W Anderson Ave Round Rock, TX 78664

FOR SALE
Office buildings
Property ID
US82-1207285
Built 1994
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Property summary

AI-generated overview

Situated in the heart of historic downtown Round Rock, this premium mixed-use property offers exceptional flexibility with Commercial C-1 zoning allowing both commercial and residential use. Featuring a significant price reduction and a recently updated interior, this turnkey asset presents an outstanding opportunity for investors or owner-users seeking immediate value in a high-demand location. The building is thoughtfully configured with four private suites, a welcoming lobby, a kitchen/break room, one public restroom, and one private restroom. ADA-compliant and designed for functionality, the layout supports a variety of uses, including office, retail, live/work, or income-producing residential conversion. The property is currently occupied by a Christian counseling service and church, offering immediate usability and potential income continuity. The property includes three dedicated parking spaces, plus additional driveway parking for two or more vehicles, along with convenient street parking—an exceptional advantage in the downtown core. The beautifully shaded lot features five mature oak trees creating a stunning canopy and inviting setting. Ideally located with easy access to major corridors, including Interstate 35, State Highway 45, and State Highway 79, with downtown Austin and Austin-Bergstrom International Airport approximately 30 minutes away. Located within a walkable, revitalized district experiencing ongoing growth and city investment, this is a rare chance to secure a versatile, income-producing asset in one of Central Texas’s most desirable markets. bikeScore: 44, Somewhat Bikeable walkScore: 51, Somewhat Walkable

Property profile

Verified
Property type Office buildings
Year built 1994
UPID US82-1207285

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor Family Counselor
  • Counselor

Location

403 W Anderson Ave Round Rock, TX 78664
Round Rock metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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