Medical Office in Bee
3503 Wild Cherry Dr Austin, TX
3503 Wild Cherry Dr, Austin, TX, 00000
Contact for pricing
For Sale
Contact for pricing
Two-tenant medical office in Austin metro area, 100% leased.
Property Size2,729 SF
Lot Size6.22 Acres
Price / SF$518.50
Days on Market465
Property Features for 3503 Wild Cherry Dr
General Information
- Standard status
- Active
- Size
- 2,729 SF
- Lot size
- 6.22 Acres
- Property subtype
- OFFICE
Properties For Sale
at 3503 Wild Cherry Dr Contact us
Listing Agency
Trek Investment Group
(512) 400-0458
Listed by
Parker Carroll · License ##574702
(512) 400-0458
Source
Moodyscre
Added: Apr 9, 2025 Checked: Jul 17 at 5:59 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trek Investment Group
Investment Insights
Based on property information with market context.
This 2,729 square foot free-standing professional office complex is located in the Austin metro area, approximately 30 minutes from downtown Austin and Austin Bergstrom Airport. Situated in Bee Cave, the property benefits from a prestigious demographic with an average household income exceeding $236,000 within a 5-mile radius. The property is near The Hills Country Club, Falconhead Golf Club, Lake Travis High School, and major retailers such as Target, Home Depot, H-E-B, and Walgreens. Currently 100% leased under NNN leases, this two-tenant medical office building presents an owner-user opportunity.
Key Highlights
- 100% Leased Two‑Tenant Medical Office with NNN Leases
- Owner‑User Opportunity
- Located in Prestigious Bee Cave Demographic with High Average Household Income ($236,000+)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.9k | $35.88 |
| − Vacancy | −$23.8k | −$8.72 |
| EGI | $74.1k | $27.16 |
| − OpEx | −$18.5k | −$6.79 |
| NOI | $55.6k | $20.37 |
2,729 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$794.2K
$694.9K – $926.5K
NOI $55,592 @ 7.0% cap · market cap 3.93%
Second Best
Healthcare Medical
$513.7K
$449.5K – $599.3K
NOI $35,957 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.07M
$935.7K – $1.25M
NOI $74,858 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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- South Congress Veterinary — 3300 S Congress Ave, Austin, TX 78704
- TPLO Austin — 3904 A, Warehouse Row A, Austin, TX 78704
- South Branch Pet & Bird Clinic: Patel Kishor DVM — 403 E Ben White Blvd Ste F, Austin, TX 78704
FAQs
What type of property is this?
Medical Office Space - Two-tenant medical office in Austin metro area, 100% leased.
Where is this medical office space located?
The property is located at 3503 Wild Cherry Dr Austin, TX.
What is the asking price?
The asking price for this property is $1,415,000.
What are key features of this property?
This property features: 100% Leased Two‑Tenant Medical Office with NNN Leases; Owner‑User Opportunity; Located in Prestigious Bee Cave Demographic with High Average Household Income ($236,000+)
