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1830 Round Rock Ave Round Rock, TX 78681

1,500 SF Medical Office, Strong NOI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 1,500 square foot medical office and shopping center space, located at 1830 Round Rock Ave, Round Rock, TX 78681, presents a compelling owner-user opportunity. Situated within a Mediterranean-style master-planned office park on FM 620, this property boasts a prime location in Williamson County. Currently 100% occupied by a tenant with a nine-year history at the location, the lease expires January 31, 2027, leaving approximately 2.2 years remaining. The current lease is a modified agreement with annual base rent increases. The tenant is willing to vacate with two months' notice, making this ideal for an owner-occupier. The current net operating income (NOI) stands at $36,000, with a pro-forma NOI projected at $42,000. The current base rent of $24 per square foot per year is below the current market rate of $28 per square foot per year, representing significant upside potential. The property features one building with one unit and open parking

Highlights

  • 1,500 SF medical office/retail space at 1830 Round Rock Ave, Round Rock, TX 78681.
  • Lease in place until 1/31/2027 with a nine-year tenant history; tenant will vacate with two months' notice for owner-user.
  • Below-market rent of $24/SF/year (market rate $28/SF/year).
  • Located in a professional/medical office park.
  • Ample open parking.

Property Details for 1830 Round Rock Ave

Property type
Lifestyle centers, Power centers
Square Feet
1,500 SF
Buildings
1
Units
1

Location Insight

City
Round Rock
County
Williamson
State
Texas
Latitude
30.5122134
Longitude
-97.705989

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FAQs

What type of property is this?
Lifestyle center - 1,500 SF Medical Office, Strong NOI
Where is the lifestyle center located?
The property is located at 1830 Round Rock Ave Round Rock, TX.
What are key features of this property?
This property features: 1,500 SF medical office/retail space at 1830 Round Rock Ave, Round Rock, TX 78681.; Lease in place until 1/31/2027 with a nine-year tenant history; tenant will vacate with two months' notice for owner-user.; Below-market rent of $24/SF/year (market rate $28/SF/year).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Property Records

Contacts

Darren Quick
Darren Quick
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Useful Information

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Round Rock Ave
Round Rock, TX 78681

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Round Rock Ave
Round Rock, TX 78681

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1830 Round Rock Ave
  • Darren Quick
    Darren Quick
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