Medical Office with Treatment
20308 Dawn Dr, Lago Vista, TX 78645
For Sale
$685,000
A reception area, private treatment rooms, and support spaces accommodate a range of medical and wellness services.
Property Size1,725 SF
Price / SF$397.10
Days on Market128
Property Features for 20308 Dawn Dr
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
reception and waiting area
multiple private treatment rooms
two updated restrooms
kitchenette with coffee bar
generous storage
detached garage
covered breezeway
fenced backyard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Vance J. Elliott Realty Group
(512) 353-3002
Listed By:
Cari Patterson · License #0416464
(512) 423-0698
Source:
Clearblueproperties
Added: Jul 2
Changed: Nov 6
Last Checked: Nov 6 at 2:27PM
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 Vance J. Elliott Realty Group
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Investment Insights
Based on property information with market context.
Configured for medical and wellness use, this 1,725-square-foot property includes a reception and waiting area, multiple private treatment rooms or offices, two restrooms, a kitchenette with coffee bar, and storage. A detached garage, covered breezeway, and fenced backyard add functional space. Renovations include new flooring, interior paint, lighting, ceiling fans, restroom fixtures, and an additional HVAC system; the building dates to 1983.
The property is across from Lago Vista Elementary School and near City Hall, the Police Department, the library, the POA Office, and the Hope Center. A private parking lot provides about 20 spaces.
The property is across from Lago Vista Elementary School and near City Hall, the Police Department, the library, the POA Office, and the Hope Center. A private parking lot provides about 20 spaces.
Key Highlights
- 1,725 square feet configured with reception, waiting, and private treatment or office rooms
- Two updated restrooms, kitchenette with coffee bar, and storage
- Detached garage, covered breezeway, and fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,133
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,660
$822.7K
Cap Rate 7%
$587,614
$587.6K
Cap Rate 9%
$457,033
$457.0K
Market Conditions
NOI Build-Up for 1,725 SF
Gross rent
$72.5K $42.00/SF
− Vacancy
−$17.6K −$10.21/SF
EGI
$54.8K $31.79/SF
− OpEx
−$13.7K −$7.95/SF
NOI
$41.1K $23.85/SF
Area
Travis County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,660
Cap Rate 7%
$587,614
Cap Rate 9%
$457,033
Alternative Uses
Best Use
Office B
$587.6K
$514.2K – $685.6K
NOI $41,133 @ 7.0% cap · market cap 6.00%
Second Best
Healthcare Medical
$447.1K
$391.2K – $521.6K
NOI $31,298 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$721.1K
$631.0K – $841.3K
NOI $50,477 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 78645, TX
14,051
Population
7,525
Households
1.9
Avg Household Size
50
Median Age
45%
College-Educated
96%
High-School Grad
32.5 sq mi
ZIP Area
432
Density / Sq Mi
$108,393
Median Household Income
$59,128
Median Earnings
$1,455
Median Rent
$387,200
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Travis County, TX
Properties on Market for Medical Office Space in Travis County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A reception area, private treatment rooms, and support spaces accommodate a range of medical and wellness services.
Where is this medical office space located?
The property is located at 20308 Dawn Dr Lago Vista, TX.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 1,725 square feet configured with reception, waiting, and private treatment or office rooms; Two updated restrooms, kitchenette with coffee bar, and storage; Detached garage, covered breezeway, and fenced backyard
