Medical Office Building with Flexible
For Sale
$1,495,000
2300 N US Highway 281, Marble Falls, TX 78654
Flexible interior supports medical and professional office operations.
Property Size4,342 SF
Price / SF$344.31
Days on Market49
Property Features for 2300 N US Highway 281
General Information
Standard status
Active
Size
4,342 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
4,342 SF
Listing Agency:
Homestead Real Estate
(254) 238-7021
Listed By:
Shawna Wimberley · License #0517084
(512) 525-0494
Source:
Cornerstone-properties
Added: Aug 20
Changed: Oct 2
Last Checked: Oct 5 at 6:28PM
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 Homestead Real Estate
Investment Insights
Based on property information with market context.
The 4,342± square-foot medical office property, built in 1970, includes eight private exam rooms, four executive offices, two reception areas, and six dedicated workstations. Two front entrances support separate access points, while a lab or additional workspace has its own private entrance. The interior also provides large restrooms, a file-storage room, and multiple copy and work areas.
Located at 2300 N Us Highway 281 in Marble Falls, the building sits along the N Hwy 281 corridor, where daily traffic frequently exceeds 20,000 vehicles. Its configuration supports medical operations, professional office use, and potential multi-tenant arrangements, including separate business suites or adaptable commercial space.
Located at 2300 N Us Highway 281 in Marble Falls, the building sits along the N Hwy 281 corridor, where daily traffic frequently exceeds 20,000 vehicles. Its configuration supports medical operations, professional office use, and potential multi-tenant arrangements, including separate business suites or adaptable commercial space.
Key Highlights
- 4,342± square‑foot medical office building constructed in 1970
- Eight private exam rooms and four executive offices
- Two reception areas plus six dedicated workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,255
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,825,100
$1.8M
Cap Rate 7%
$1,303,643
$1.3M
Cap Rate 9%
$1,013,944
$1.0M
Market Conditions
NOI Build-Up for 4,342 SF
Gross rent
$145.9K $33.60/SF
− Vacancy
−$24.2K −$5.58/SF
EGI
$121.7K $28.02/SF
− OpEx
−$30.4K −$7.01/SF
NOI
$91.3K $21.02/SF
Area
Burnet County, TX
Vacancy
16.60%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,825,100
Cap Rate 7%
$1,303,643
Cap Rate 9%
$1,013,944
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,255 @ 7.0% cap · market cap 6.10%
Second Best
Healthcare Medical
$492.9K
$431.3K – $575.0K
NOI $34,501 @ 7.0% cap · market cap 2.31%
Theoretical Best
Hotel Hospitality
$3.27M
$2.86M – $3.82M
NOI $228,932 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78654, TX
19,698
Population
9,764
Households
2
Avg Household Size
45
Median Age
33%
College-Educated
89%
High-School Grad
201.3 sq mi
ZIP Area
98
Density / Sq Mi
$72,669
Median Household Income
$37,391
Median Earnings
$1,404
Median Rent
$315,200
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 South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible interior supports medical and professional office operations.
Where is this medical office space located?
The property is located at 2300 N US Highway 281 Marble Falls, TX.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 4,342± square‑foot medical office building constructed in 1970; Eight private exam rooms and four executive offices; Two reception areas plus six dedicated workstations
