Medical Office with Exam
For Sale
$1,251,138
12120 Ranch Rd 620 N, Austin, TX 78750
Medical office property with 10 exam rooms, physician offices, and 25 parking spaces on a NNN basis.
Property Size3,068 SF
Price / SF$407.80
Days on Market105
Property Features for 12120 Ranch Rd 620 N
General Information
Standard status
Active
Size
3,068 SF
Property subtype
Single-Tenant Vacant-User
Lease Type
NNN
Amenities
Seller Financing Offered with Attractive Interest Rates
Excellent Frontage and Access - Site Accessible via 2 Driveways on RR 620 Which Boasts 44,427 VPD
New Developments Nearby - The Everett and Landing Apartments
Dense Retail Corridor - Lakeline Mall, Lowe's, Sam's Club, H-E-B, Best Buy, Target, and More (2mi Radius)
Owner User Opportunity with Short Term Rental Income
Building Details
Building Size
3,068 SF
Listing Agency:
Marcus & Millichap - Austin
Listed By:
Joseph Blanga · License #License(s): TX: 736919
(512) 338-7833
Source:
Marcusmillichap
Added: Jul 9
Changed: Oct 13
Last Checked: Oct 20 at 5:09PM
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 Marcus & Millichap - Austin
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Investment Insights
Based on property information with market context.
This 3,068 SF medical office property was built in 1973 and is offered for sale. The building is configured with 10 exam rooms, separate offices for doctors, two restrooms, and two waiting areas. Additional improvements include a submerged basement, and the site provides 25 parking spaces.
The property is zoned GB and has both frontage and access via two driveways on Ranch Rd 620 N. Ranch Rd 620 N has reported traffic of 44,247 VPD, and the site is located near retail destinations including Lakeline Mall.
Texas Children’s is currently leasing the space on a NNN basis, with provided notice of intent to vacate at the end of the term or 12/31/2026. The property is positioned for an owner-user seeking a healthcare-focused layout and dedicated on-site parking.
The property is zoned GB and has both frontage and access via two driveways on Ranch Rd 620 N. Ranch Rd 620 N has reported traffic of 44,247 VPD, and the site is located near retail destinations including Lakeline Mall.
Texas Children’s is currently leasing the space on a NNN basis, with provided notice of intent to vacate at the end of the term or 12/31/2026. The property is positioned for an owner-user seeking a healthcare-focused layout and dedicated on-site parking.
Key Highlights
- 3,068 SF medical office built in 1973 on 0.61 AC in Austin, TX (78750)
- Texas Children leases the space on an NNN basis; notice to vacate at term end on 12/31/2026
- 10 exam rooms, separate doctor offices, 2 restrooms, and 2 waiting areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,498
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,960
$1.2M
Cap Rate 7%
$892,829
$892.8K
Cap Rate 9%
$694,422
$694.4K
Market Conditions
NOI Build-Up for 3,068 SF
Gross rent
$110.1K $35.88/SF
− Vacancy
−$26.7K −$8.72/SF
EGI
$83.3K $27.16/SF
− OpEx
−$20.8K −$6.79/SF
NOI
$62.5K $20.37/SF
Area
Austin, TX
Vacancy
24.30%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,960
Cap Rate 7%
$892,829
Cap Rate 9%
$694,422
Alternative Uses
Best Use
Office B
$892.8K
$781.2K – $1.04M
NOI $62,498 @ 7.0% cap · market cap 5.00%
Second Best
Healthcare Medical
$577.5K
$505.3K – $673.7K
NOI $40,424 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,157 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78750, TX
28,348
Population
12,186
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
96%
High-School Grad
11.8 sq mi
ZIP Area
2,402
Density / Sq Mi
$123,722
Median Household Income
$62,096
Median Earnings
$1,743
Median Rent
$552,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Austin, TX
Similar Off Market Nearby
- Vascoy Alysia DVM — 12129 Ranch Rd 620 N # 330, Austin, TX 78750
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office property with 10 exam rooms, physician offices, and 25 parking spaces on a NNN basis.
Where is this medical office space located?
The property is located at 12120 Ranch Rd 620 N Austin, TX.
What is the asking price?
The asking price for this property is $1,251,138.
What are key features of this property?
This property features: 3,068 SF medical office built in 1973 on 0.61 AC in Austin, TX (78750); Texas Children leases the space on an NNN basis; notice to vacate at term end on 12/31/2026; 10 exam rooms, separate doctor offices, 2 restrooms, and 2 waiting areas
