The Center At Gattis | Suite 220

Investment Overview

Suite 220: A finished 1,022 square foot office condominium built in 2021, offered for sale to an owner user. The unit runs reception at the front, four separate private offices, a private break area and a private ADA restroom. Building 2 is demised wall to wall with no common corridor, so this is a full depth bay with its own entry off the covered walk and parking a few steps from the door. Center at Gattis Condos is a 3.422 acre stone and stucco campus on Gattis School Road, built in 2021 and expanded in 2024. The regime is owner occupied professional space rather than a leased investor building, which keeps the tenancy stable and the common areas maintained. The association covers water, trash and sewer. The pricing case is straightforward. An identical vintage 850 square foot unit one regime over is asking $388 per square foot. Round Rock office condominiums under 1,000 square feet are asking $323 to $422 per square foot. New cold shell space in Building 2 of this same campus is offered at $325 per square foot, and this unit is finished and ready to occupy. At $410,000, or $401 per square foot, the buyer is paying for a turnkey suite rather than a shell plus a build out. For a practice writing a rent check every month, this is the buy versus lease decision in its simplest form. 1,022 square feet, a fixed basis, and a 2026 combined tax rate of 1.799276 per $100. At this size the owner user is the deepest and best paying buyer pool in Round Rock, and the unit is priced and presented for that buyer.