3618 Williams DrGeorgetown, TX 78628

Property Details for 3618 Williams Dr

Year built

2015

Lot size

1.07 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,743,060

  6.5%

  $1,608,980

  7%

  $1,494,050

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,111,600

  Geo Method

  $2,111,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,984,400

  Retail / Commercial

  $1,566,270

  Mixed-Use / Specialty

  $1,588,970

  Hospitality / Lodging

  $1,202,590

  Office

  $1,608,980

  Institutional / Educational

  $1,661,990

  Residential Income

  $1,944,530

  Multifamily

  $2,175,390

  Automotive / Energy

  $1,424,560

  Parking / Income-Based Land

  $463,661

  Restaurant / Food Service

  $886,785

  Healthcare / Senior Housing

  $1,600,460

Location Insight

City

Georgetown

County

Williamson

State

Texas

Latitude

30.6688

Longitude

-97.6974

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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