Two-Tenant Veterinary Medical
For Sale
Contact for pricing
12419 Metric Boulevard, Austin, TX 78758
Freestanding healthcare facility with separate leases supporting veterinary care and pet services.
Property Size10,500 SF
Lot Size0.50 Acres
Price / SF$243.05
Days on Market99
Property Features for 12419 Metric Boulevard
General Information
Standard status
Active
Size
10,500 SF
Lot size
0.50 Acres
Property subtype
Retail, Office, Special Purpose
Occupancy
100%
Lease Type
NNN
Investment Type
Core+
Net Operating Income
$165,897
Site & Location
Neighborhood
Gracy Woods
Highway Access
Yes
Building Details
Year Built
1987
Buildings
1
Tenancy
Multi
Building Size
10,500 SF
Listing Agency:
JLL Austin
Listed By:
Kirby Hayes · License #TX 755222
Source:
Crexi
Added: Jul 29
Changed: Oct 26
Last Checked: Nov 3 at 5:26AM
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 JLL Austin
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Investment Insights
Based on property information with market context.
This fee-simple medical center contains 10,500 SF on a 0.5-acre parcel and was built in 1987. The freestanding property is configured for two tenants with separate lease agreements. Current operations include veterinary wellness, emergency care, ophthalmology, pet training, daycare, and boarding services through businesses supported by Thrive Pet Healthcare and National Veterinary Associates.
The property occupies a North Austin position along Metric Boulevard near the intersection with W Parmer Lane. Visibility extends to a combined 75,000+ VPD, with proximity to both Mopac Expy and Interstate-35. The site is 12.5 miles north of downtown Austin and 2.5 miles from The Domain. Lease terms include 3.00% annual rent escalations and a weighted average lease term of ±4.9 years. PetSuites of America, LLC occupies 33.33% of the property, while Pathway Vet Alliance, LLC leases the remaining 66.67%.
The property occupies a North Austin position along Metric Boulevard near the intersection with W Parmer Lane. Visibility extends to a combined 75,000+ VPD, with proximity to both Mopac Expy and Interstate-35. The site is 12.5 miles north of downtown Austin and 2.5 miles from The Domain. Lease terms include 3.00% annual rent escalations and a weighted average lease term of ±4.9 years. PetSuites of America, LLC occupies 33.33% of the property, while Pathway Vet Alliance, LLC leases the remaining 66.67%.
Key Highlights
- 10,500 SF medical center on a 0.5‑acre parcel
- Two‑tenant configuration with separate lease agreements
- 3.00% annual rent escalations and ±4.9‑year weighted average lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,348
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,766,960
$2.8M
Cap Rate 7%
$1,976,400
$2.0M
Cap Rate 9%
$1,537,200
$1.5M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$252.0K $24.00/SF
− Vacancy
−$21.4K −$2.04/SF
EGI
$230.6K $21.96/SF
− OpEx
−$92.2K −$8.78/SF
NOI
$138.3K $13.18/SF
Area
Austin, TX
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,766,960
Cap Rate 7%
$1,976,400
Cap Rate 9%
$1,537,200
Alternative Uses
Best Use
Healthcare Medical
$1.98M
$1.73M – $2.31M
NOI $138,348 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.11M
$3.60M – $4.80M
NOI $288,022 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Explore this area
Business Placement
Demographics for 78758, TX
49,831
Population
25,745
Households
1.9
Avg Household Size
32
Median Age
46%
College-Educated
85%
High-School Grad
9.1 sq mi
ZIP Area
5,476
Density / Sq Mi
$69,019
Median Household Income
$47,685
Median Earnings
$1,549
Median Rent
$419,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Freestanding healthcare facility with separate leases supporting veterinary care and pet services.
Where is this medical center located?
The property is located at 12419 Metric Boulevard Austin, TX.
What is the asking price?
The asking price for this property is $2,552,000.
What are key features of this property?
This property features: 10,500 SF medical center on a 0.5‑acre parcel; Two‑tenant configuration with separate lease agreements; 3.00% annual rent escalations and ±4.9‑year weighted average lease term
