Medical Office Building with Flexible
For Sale
$1,495,000
2300 N US Highway 281, Marble Falls, TX 78654
CommercialSale, Marble Falls, TX
Property Size4,342 SF
Lot Size0.50 Acres
Price / SF$344.31
Days on Market213
Property Features for 2300 N US Highway 281
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking features
Special Needs, Carport
Security features
Security
Accessibility
Accessible Approach with Ramp
Subdivision
Northwood Acres
Lot features
City Lot, Half To One Acre Lot
Elementary school district
Marble Falls ISD
Middle school district
Marble Falls ISD
High school district
Marble Falls ISD
Directions
2300 N HWY 281, Marble Falls, Located across the street from the Chevy dealership and South of Walmart. From Austin 71 to 281 N Right on 281 6.3 miles. Property will be on the left.
Standard status
Active
APN
33022
Size
4,342 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S6660 NORTHWOOD ACRES LOT PT OF 1 & 2 AND .10 AC ABST 927 LOGAN VANDIVIER .496
Tax Annual Amount
19302
Legal Description
S6660 NORTHWOOD ACRES LOT PT OF 1 & 2 AND .10 AC ABST 927 LOGAN VANDIVIER .496
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Attic Fan, Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Flooring type
Carpet, Vinyl
Building materials
Frame, MetalSiding, Stone
Roof type
Composition, Shingle
Listing Agency:
Homestead Real Estate
(254) 238-7021
Listed By:
Shawna Wimberley · License #0517084
(512) 525-0494
Added: Mar 9
Changed: Sep 14
Last Checked: Oct 7 at 1:06AM
MLS# 606708
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 4,342+/- square-foot medical office property was built in 1970 and offers a detailed interior layout for professional operations. Improvements include 8 private exam rooms, 4 executive offices, 2 reception areas, 6 workstations, large restrooms, a lab or supplemental workspace, file storage, and multiple copy areas. Two front entrances include a separate private entry for the lab or additional workspace. Central heating and cooling, carpet and vinyl flooring, and an accessible approach with ramp are also provided.
The property occupies 0.496 acres at 2300 N US Highway 281 in Marble Falls, with frontage along the US 281 corridor. Traffic on the corridor frequently exceeds 20,000 vehicles per day, supporting visibility and access. Public water and public sewer serve the property, which is zoned C. Parking features include a carport and special-needs parking.
The property occupies 0.496 acres at 2300 N US Highway 281 in Marble Falls, with frontage along the US 281 corridor. Traffic on the corridor frequently exceeds 20,000 vehicles per day, supporting visibility and access. Public water and public sewer serve the property, which is zoned C. Parking features include a carport and special-needs parking.
Key Highlights
- 4,342+/- square feet on 0.496 acres
- 8 private exam rooms, 4 executive offices, and 6 dedicated workstations
- 2 reception areas and 2 front entrances, including a separate private entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,255
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,825,100
$1.8M
Cap Rate 7%
$1,303,643
$1.3M
Cap Rate 9%
$1,013,944
$1.0M
Market Conditions
NOI Build-Up for 4,342 SF
Gross rent
$145.9K $33.60/SF
− Vacancy
−$24.2K −$5.58/SF
EGI
$121.7K $28.02/SF
− OpEx
−$30.4K −$7.01/SF
NOI
$91.3K $21.02/SF
Area
Burnet County, TX
Vacancy
16.60%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,825,100
Cap Rate 7%
$1,303,643
Cap Rate 9%
$1,013,944
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,255 @ 7.0% cap · market cap 6.10%
Second Best
Healthcare Medical
$492.9K
$431.3K – $575.0K
NOI $34,501 @ 7.0% cap · market cap 2.31%
Theoretical Best
Hotel Hospitality
$3.27M
$2.86M – $3.82M
NOI $228,932 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78654, TX
19,698
Population
9,764
Households
2
Avg Household Size
45
Median Age
33%
College-Educated
89%
High-School Grad
201.3 sq mi
ZIP Area
98
Density / Sq Mi
$72,669
Median Household Income
$37,391
Median Earnings
$1,404
Median Rent
$315,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for professional operations with private rooms, executive offices, reception areas, and dedicated workstations.
Where is this medical office space located?
The property is located at 2300 N US Highway 281 Marble Falls, TX.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 4,342+/- square feet on 0.496 acres; 8 private exam rooms, 4 executive offices, and 6 dedicated workstations; 2 reception areas and 2 front entrances, including a separate private entry
