Properties / Round Rock
3001 Joe DiMaggio Blvd Ste 600A and 650B
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Units
- 2
- Square feet
- 2,500
- Year built
- 2018
Two fully leased office/retail condo suites totaling 2,500 SF in a 2018 neighborhood center, leased to a medical billing company and a music school.
Financials
From the listing
| Asking price | $850,000 | Confirmed · Listing agent |
| Price per sq ft | $340 | Calculated |
| Price per unit | $425,000 | Calculated |
| Reported rent | Not disclosed by the listing | |
| Cap rate | 5.98% | 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 | $50,830 | per year · from the listing |
| Cap rate | 5.98% | NOI divided by asking price |
| Debt service | -$54,015 | assumption |
| Cash flow after debt | -$3,185 | per year |
| Cash-on-cash return | -1.3% | on $238,000 down payment and closing costs |
| Debt coverage (DSCR) | 0.94x | lenders usually want 1.20x or more |
- NOI implied by the 5.98% 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: Small multi-tenant condo income
Strengths
- 100% occupied with two tenants
- 2018 construction
- Scheduled rent escalations per listing
Risks
- Small local tenants
- Condo association dues and rules
- 5.98% cap is modest for small-shop credit
Catalysts
- Round Rock northeast growth near Dell Diamond and university campuses
Due diligence still needed
- Leases, expirations and escalations
- HOA dues and assessments
- Verify 5.98% cap against actual income
- Zoning and permitted uses
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.
Interested in this property?
Tell Realtix what you need: a tour, the rent roll and documents, help making an offer or financing. You get a reply within 24 hours.
Media
No media yet.
Photos appear here only when Realtix holds confirmed rights to show them.
Map
Loading map…
Sources
- Listing source
- CityFeet
- Listing brokerage
- SpecTower Realty Group · Sam Sheikh
- Last verified
- 2026-10-08
Cap rate: Listing agent, as of 2026-10-08
Updates
- 2026-10-08 Listing checked against the source.