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    630 West 34th St Austin, TX 78705

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    Sponsored
    Source: https://asterra.com
    For Lease
    $22 SF/Yr ($14,472 /Mo)

    7,894 SF medical/surgical center; prime Austin location.

    Lot size:
    7,894 SF

    Property Features for 630 West 34th St

    General Information

    Property type
    Other office properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    7,894 SF
    USF (Usable sq. ft)
    7,894 SF
    Total Parking Spaces
    40
    Elevators
    N/A
    Total Rate
    14472.33
    Lease Term
    Negotiable

    Amenities

    Building Details

    Year Built/Renovated
    1987/2004
    Buildings
    1
    Stories
    3

    Overview

    Austin Medical Office For Lease

    Located at 630 West 34th Street in Austin, Texas, this 7,894-square-foot medical office and surgery center space is available for lease. The property is situated between Lamar and Guadalupe, offering visibility and convenient access to Seton Medical Center, Austin Heart Hospital, and Austin State Hospital. The building has a total area of 16,376 square feet. Surface and covered parking are available. The central Austin location provides access to roadways and nearby restaurants. This space is suited for physicians requiring a surgical facility with integrated office space. The existing infrastructure, previously used as a plastic surgery facility for over 30 years, is AAAASF certified. The building's structural support can accommodate up to 20,000 pounds of equipment. Lease terms are negotiable under a NNN lease type. The annual rate is $22 per square foot.

    We can help!

    Listing Contact
    Emmett Sweeney

    Learn more

    Property Insight Report

    HighLights

    • 7,894 square feet of medical office/surgery center space available for lease in Austin, TX.
    • NNN lease, with negotiable terms, situated near major medical facilities and restaurants.
    • Prime location offers high visibility, ample parking, and easy access to major roadways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Melissa Rivera Physician Amanda Simonton Physician Steven Powell Pediatrician Alex Dodson Physician Isela Werchan Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    State
    Texas
    Longitude
    -97.740869
    Latitude
    30.301194

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    FAQs

    What type of property is this?
    Office property - 7,894 SF medical/surgical center; prime Austin location.
    Where is this office property located?
    The property is located at 630 West 34th St Austin, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features:
    (512) 954-4497
    Request Owner's contact information
    630 West 34th St Austin, TX 78705
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    Austin, TX 78705
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    630 West 34th St Austin, TX 78705
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    We can help!
    Listing Contact
    Emmett Sweeney
    (512) 954-4497
    Learn more
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