Views
Address
1516 E Palm Valley Boulevard Round Rock, TX
Price
$ 7,500,000
Property Attributes
  • MLS#3266707
  • TypeCommercial
  • CountyWILLIAMSON
  • CityRound Rock
  • AreaRRE
  • NeighborhoodHalbert Sub
  • Zip78664
  • StyleOffice
  • Year Built2001
  • Taxes$ 39353
  • Price$ 7,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage29461
  • Lot Size5.47 Acres
Listing Provided Courtesy Of:
Don Quick & Associates, Inc.
Data Source:
Austin Board of REALTORS® (ABOR)
Property Description

Merrell Campus is a 29,461 SF office campus made up of 6 buildings on 5.47 acres. The campus is located in a scenic open space set back from HWY 79 in the middle of Round Rock, less than two miles from Downtown Round Rock and only minutes from The Kalahari Resort and Convention Center and Dell Diamond. Among the scenic acreage of open space in the campus, there is potential for future redevelopment with options to add a +/- 4,900 SF building or removing one existing building and adding a 10,000 SF building in its place. Great investment opportunity to acquire a stable 100% leased cash-flowing property with tons of upside. Over eight years remaining on the lease term for the largest tenant and no other set to expire until Q3 2022. While the current rents are below market, as leases expire there is the opportunity to bring the tenants up to a market rate. The TXDOT construction project to improve safety and traffic flow on HWY 79 between IH 35 and A.W. Grimes is set to begin in 2023. Sale Price $7,500,000.00 NOI: $402,243.00 *Ability to build +/- 4,900 SF office on vacant pad

Price History
6/3/2021 Listed $7,500,000

General Features

Accessibility SeeRemarks
Additional Parcels Description S7604 - Halbert Sub, Lot 1, ACRES 1.39 S7604 - Halbert Sub, Lot 2, ACRES 1.621
Building Features SeeRemarks
City Round Rock
Construction Materials Brick, Block, Frame, Glass, Masonry, Stone, SeeRemarks
County Williamson
Current Use Commercial
Days on Market 53
Directions IH 35 exit 79/Palm Valley, on left just before HEB
Disclosures MunicipalUtilityDistrictDisclosure, SeeRemarks
Energy Efficient SeeRemarks
Flooring SeeRemarks
Heating SeeRemarks
Leasable Area 29461.0
Lease Type SeeRemarks, NNN
MLS Area RRE
Net Operating Income 402243.0
New Construction No
Operatingexpense 0.0
Possession SeeRemarks
Property Sub Type Additional Office
Property SubType Office
Property Type CommercialSale
PropertyCondition Resale, SeeRemarks
Restrictions SeeRemarks, ZoningRestrictions
Sewer SeeRemarks
Special Listing Conditions Standard
Standard Status Active
Status Active
Street Name Palm Valley
Subdivision Name Halbert Sub
Tax Lot 3
Tax Year 2021
TaxAssessedValue 1455491
Terms Cash, Conventional, Item1031Exchange, SeeRemarks, SBATypeLoan
Utilities SeeRemarks
View Garden
Year Built 2001
Yearbuiltsource PublicRecords

Interior Features

Street Suffix Boulevard

Exterior Features

Building Area Total 29461.0
Foundation Details Slab, SeeRemarks
Horse Y/N Yes
Lot Size Acres 5.47
Lot Size Area 5.47
Lot Size Source SeeRemarks
Number of Buildings 6
Parking Features Asphalt
View Y/N Yes
Water Source SeeRemarks
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 78664

Price
AVG $3.1M
$7.5M
Taxes
AVG $19,220
$39,353
Visits
AVG 63
183
Year Built
AVG 1998
2001
Walkscore
AVG 51
50
Data Provided by Walkscore ® not using MLS data

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