1830 Round Rock AveRound Rock, TX 78681

Property Details for 1830 Round Rock Ave

Year built

2011

Lot size

1.22 AC

Property type

Other commercial real estate

APN

R-16-5728-0000-0000

APU

R16572800000000

Description

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

• Alternative Use

  Use

  Valuation

  Residential

  $13,275,363

  Hospitality

  $12,160,162

  Educational

  $10,117,112

  Medical

  $10,465,055

  Retail

  $15,737,729

Location Insight

City

Round Rock

County

Williamson

State

Texas

Latitude

30.5121

Longitude

-97.7061

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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