Free-Standing Two-Tenant Medical
3503 Wild Cherry Dr Austin, TX 78738
For Sale
Contact for pricing
A 2,729 SF medical office complex with two leased tenant spaces in a free-standing professional building.
Property Size2,729 SF
Price / SF$518.50
Days on Market473
Property Features for 3503 Wild Cherry Dr
General Information
- Standard status
- Active
- Size
- 2,729 SF
- Property subtype
- OFFICE
Listing Agency:
Trek Investment Group
(512) 400-0458
Listed By:
Parker Carroll · License #574702
(512) 400-0458
Source:
Moodyscre
Added: Apr 9, 2025
Changed: Jul 25
Last Checked: Jul 25 at 12:36PM
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 Trek Investment Group
Investment Insights
Based on property information with market context.
This is a free-standing individual structure professional office complex configured for two medical office tenants. The property totals 2,729 square feet and is described as 100% leased under NNN lease arrangements, creating an owner-user and income stream fit for qualified buyers.
The site is in the Austin metro area and is noted as approximately 30 minutes from Downtown Austin and Austin Bergstrom Airport. Public remarks also cite proximity to The Hills Country Club, Falconhead Golf Club, Lake Travis High School, and major retailers including Target, Home Depot, H-E-B, and Walgreens.
With two tenant spaces in place, the property offers a straightforward multi-tenant setup within a dedicated medical office configuration.
The site is in the Austin metro area and is noted as approximately 30 minutes from Downtown Austin and Austin Bergstrom Airport. Public remarks also cite proximity to The Hills Country Club, Falconhead Golf Club, Lake Travis High School, and major retailers including Target, Home Depot, H-E-B, and Walgreens.
With two tenant spaces in place, the property offers a straightforward multi-tenant setup within a dedicated medical office configuration.
Key Highlights
- 2,729 SF two‑tenant medical office in a free‑standing individual professional office structure
- 100% leased with NNN leases, offering an owner‑user opportunity
- Austin metro area location about 30 minutes from Downtown Austin and Austin Bergstrom Airport
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 | $97.9k | $35.88 |
| − Vacancy | −$23.8k | −$8.72 |
| EGI | $74.1k | $27.16 |
| − OpEx | −$18.5k | −$6.79 |
| NOI | $55.6k | $20.37 |
2,729 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$794.2K
$694.9K – $926.5K
NOI $55,592 @ 7.0% cap · market cap 3.93%
Second Best
Healthcare Medical
$513.7K
$449.5K – $599.3K
NOI $35,957 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.07M
$935.7K – $1.25M
NOI $74,858 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - A 2,729 SF medical office complex with two leased tenant spaces in a free-standing professional building.
Where is this medical office space located?
The property is located at 3503 Wild Cherry Dr Austin, TX.
What is the asking price?
The asking price for this property is $1,415,000.
What are key features of this property?
This property features: 2,729 SF two‑tenant medical office in a free‑standing individual professional office structure; 100% leased with NNN leases, offering an owner‑user opportunity; Austin metro area location about 30 minutes from Downtown Austin and Austin Bergstrom Airport
