For Sale
$2,750,000

16333 Great Oaks DrRound Rock, TX 78681

Prime Commercial Office, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Round Rock commercial property, located at 16333 Great Oaks Dr, offers 16,112 square feet of versatile office space, ideal for creative, executive, or traditional office uses. The building, constructed in 1984 and situated on a 2.03-acre lot, boasts a Class C designation and is zoned Commercial C-1. Currently operating at 90% occupancy with a multi-tenant lease structure (Gross Lease), this property presents a compelling investment opportunity. Recent upgrades include a brand new roof and a state-of-the-art GeoThermal HVAC system, significantly enhancing energy efficiency and operational costs. Ample parking is available for tenants and clients. The property's strong financial performance is evident in its 2023 Net Operating Income, exceeding $200,000, and a 7.25% cap rate. The asking price is $2,750,000, translating to $170.68 per square foot. This two-story building presents a rare chance to acquire a well-maintained, income-producing asset in a rapidly growing area of Round Rock and Cedar Park, promising substantial returns for years to come. This is a for-sale-by-owner opportunity.

Highlights

  • $2,750,000 asking price for a 16,112 square foot office building.
  • Located at 16333 Great Oaks Dr, Round Rock, TX 78681, this Class C, multi-tenant property boasts 90% occupancy.
  • Features include a new roof, state-of-the-art geothermal HVAC, and ample parking.
  • The property offers a 7.25% cap rate with a 2023 NOI exceeding $200,000.
  • This 2-story building sits on a 2.03-acre lot, zoned Commercial C-1, and is offered for sale by owner.

Property Details for 16333 Great Oaks Dr

Property type
Office properties, Office space
Square Feet
16,112 SF
Class
C
Year Built
1984
Stories
2
Lot Size (sq. ft)
88,427 SF

Location Insight

City
Round Rock
County
Williamson
State
Texas
Latitude
30.494767815342
Longitude
-97.736317101767
16333 Great Oaks Dr, Round Rock, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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 unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
16333 Great Oaks Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message