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    4951 University Blvd Round Rock, TX 78665
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    4951 University Blvd Round Rock, TX 78665

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    • Commercial land
    For Sale
    $1,559,448
    View Listing →
    Commercial Pad Site Opportunity For Sale
    $1,559,448

    Commercial Pad Site Opportunity

    Commercial pad site available in Round Rock, Texas.

    4951 University Blvd, Round Rock, TX 78665
    View Listing
    Property ID
    US83-0909591
    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 4951 University Blvd

    Property type
    Commercial land
    Property subtype
    Gas stations

    Description

    Commercial pad site at the northern entrance to the new Salerno neighborhood. General Commercial Limited - C-1a zoning already in place. Owner is developing a c-store/gas station on hard corner, pad site is adjacent to their planned development. Pad site will have access from both University Blvd. and the road that goes into the Salerno neighborhood. C-1a zoning already in place in Round Rock. Great opportunity for bank, drive-thru restaurant, etc.

    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
    -97.6437882
    Latitude
    30.5735478

    Comparable in this City

    • $1,450,000
      2,632 SF

      Round Rock Gas Station For Sale

      Gas station with convenience store built in 2013.
      2950 Joe Dimaggio Blvd, Round Rock, TX 78665
      View Details
    • Contact for pricing
      13,960 SF

      Restaurant and Entertainment Venue For Sale

      Award-winning restaurant and entertainment venue in Round Rock, Texas.
      4000 E Palm Valley Blvd, Round Rock, TX 78665
      View Details
    • Contact for pricing

      Round Rock Land for Lease

      31.77 AC of retail and mixed-use land available.
      1401 University Blvd, Round Rock, TX 78665
      View Details
    • $1,999,999

      Prime Corner Lot For Sale

      2.55-acre corner lot with diverse commercial uses allowed.
      2111 A W Grimes Blvd, Round Rock, TX 78665
      View Details

    Similar Nearby for Sale

    • $1,450,000
      2,632 SF

      Round Rock Gas Station For Sale

      Gas station with convenience store built in 2013.
      2950 Joe Dimaggio Blvd, Round Rock, TX 78665
      View Details
    • Contact for pricing
      13,960 SF

      Restaurant and Entertainment Venue For Sale

      Award-winning restaurant and entertainment venue in Round Rock, Texas.
      4000 E Palm Valley Blvd, Round Rock, TX 78665
      View Details
    • Contact for pricing

      5.169 Acres Prime Location Land

      5.169 acres of land with high visibility and accessibility.
      1650-1680 University Blvd, Round Rock, TX 78665
      View Details
    • $6,337,980

      Avery Centre Development Site

      5.82-acre development site in a rapidly growing area.
      1501 University Blvd, Round Rock, TX 78665
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail and restaurant spaces available for lease.
      2800 E Palm Valley Blvd, Round Rock, TX 78665
      View Details
    • Contact for pricing
      10,838 SF

      Retail and Restaurant Space Available

      High-end retail/restaurant space near Dell Diamond and Kalahari Resorts.
      2150 E Palm Valley Blvd, Round Rock, TX 78665
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      Adaptable commercial space in a high-traffic Round Rock location.
      2980 Joe Dimaggio Blvd, Round Rock, TX 78665
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Round Rock, Texas.
      600 Cr 107, Round Rock, TX 78665
      View Details
    • Contact for pricing
      38,361 SF

      Retail Space on Palm Valley

      Retail space available for lease on Palm Valley Blvd.
      4500 E Palm Valley Blvd, Round Rock, TX 78665
      View Details
    • Contact for pricing

      Premier Shopping Destination in Round Rock

      Premier shopping destination in the Round Rock community, accessible from I-35.
      250 University Blvd, Round Rock, TX 78665
      View Details
    View Listing
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    Round Rock, TX 78665
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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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