Medical Office with Exam
12120 Ranch Rd 620 N Austin, TX 78750
12120 Ranch Rd 620 N, Austin, TX, 78750
Contact for pricing
For Sale
Contact for pricing
Medical office property with 10 exam rooms, physician offices, and 25 parking spaces on a NNN basis.
Property Size3,068 SF
Price / SF$425
Days on Market15
Property Features for 12120 Ranch Rd 620 N
General Information
- Standard status
- Active
- Size
- 3,068 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1973
Listing agency
Marcus & Millichap - San Antonio
(512) 338-7833
Listed by
James Stewart CCIM, CPM · License #TX 0531005
Source
Crexi
Added: Jul 7 Updated: Jul 21 at 2:31PM Checked: Jul 21 at 2:31PM
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 - San Antonio
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
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 | $110.1k | $35.88 |
| − Vacancy | −$26.7k | −$8.72 |
| EGI | $83.3k | $27.16 |
| − OpEx | −$20.8k | −$6.79 |
| NOI | $62.5k | $20.37 |
3,068 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$892.8K
$781.2K – $1.04M
NOI $62,498 @ 7.0% cap · market cap 4.79%
Second Best
Healthcare Medical
$577.5K
$505.3K – $673.7K
NOI $40,424 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,157 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Harvey Diane M
Physician
Texas Children's Pediatrics ...
Pediatrician
Collemann Gwen
Medical Clinic
Jamie Dark, CPNP
Pediatrician
Nicole Bernard, MD
Pediatrician
Similar For Sale Nearby
Similar Off Market Nearby
- Vascoy Alysia DVM — 12129 Ranch Rd 620 N # 330, Austin, TX 78750
FAQs
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 $1,303,900.
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
