Properties / Round Rock
104 Northwest Dr
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Square feet
- 3,384
- Year built
- 1976
- Lot
- 13,068 sq ft
Single-tenant daycare center in Round Rock offered at a stated 6.4% cap rate with 3% annual rent escalations built into the lease.
Financials
From the listing
| Asking price | $2,200,000 | Confirmed · Listing agent |
| Price per sq ft | $650 | Calculated |
| Reported rent | Not disclosed by the listing | |
| Cap rate | 6.4% | Confirmed · Listing agent |
Realtix income view
Commercial and net-lease listings disclose income as NOI or a cap rate rather than rents. Tenants usually pay taxes, insurance and upkeep, so this starts from the income the listing states and adds Realtix financing assumptions.
| Net operating income | $140,800 | per year · from the listing |
| Cap rate | 6.40% | NOI divided by asking price |
| Debt service | -$139,803 | assumption |
| Cash flow after debt | $997 | per year |
| Cash-on-cash return | 0.2% | on $616,000 down payment and closing costs |
| Debt coverage (DSCR) | 1.01x | lenders usually want 1.20x or more |
- NOI implied by the 6.4% cap rate stated on the listing
- Lease terms, tenant credit and who pays which expenses must be confirmed from the leases
- Financing: 25% down, 30-year fixed at 7.6%, closing costs 3% of price
Realtix plan
Desk analysis complete, based on the listing and market data. Figures not confirmed by documents are marked as estimates. This is Realtix's own view, not investment advice.
Strategy: Single-tenant daycare lease
Strengths
- Stated 6.4% cap rate
- 3% rent escalations in the lease
- Needs-based daycare use near major Round Rock routes
Risks
- 1976 building age
- Single-tenant operator risk
- Specialized daycare layout limits re-tenanting
Catalysts
- Round Rock family household growth
Due diligence still needed
- Lease term, expiration and guarantor
- Operator licensing and enrollment trends
- Building condition and code compliance
- Flyer references 104-106 Northwest Drive, confirm what is included
Realtix screening score
How this score works
The score is calculated, not hand-picked. For income properties it weighs cash flow (55%, the stated cap rate scaled from 2% to 8%), building age (25%, 1955 to 2015) and data confidence (20%). Price per square foot is left out because it is not comparable across commercial uses. It ignores tenant credit and lease terms, which need diligence.
Realtix preliminary screening score. Not investment advice, and it does not predict returns.
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Sources
- Listing source
- CityFeet
- Listing brokerage
- McAllister & Associates · Grayson Silverman
- Last verified
- 2026-10-08
Cap rate: Listing agent, as of 2026-10-08
Updates
- 2026-10-08 Listing checked against the source.