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Medical Condo Near St. David's
For Sale
$749,000

4207 James Casey St 301, Austin, TX 78745

Medical condo near St. David's Hospital, available September 2025.

Property Size3,122 SF
Price / SF$239.91
Days on Market325

Property Features for 4207 James Casey St 301

General Information

Standard status Active
Size 3,122 SF

Building Details

Year Built 1983
Listing Agency: Trevor Benz Dickens
Listed By: Trevor Dickens
Source: Mlsluxurygroup
Added: Nov 27, 2025 Changed: Oct 13 Last Checked: Oct 16 at 12:38PM

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 Trevor Benz Dickens

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Investment Insights

Based on property information with market context.

This top-floor medical condo, located in Medical Center South near St. David's Hospital at South First & Ben White, has served as Austin Retina Associates' south Austin satellite office since its completion in 2012. The property is intended for medical office use. The condo includes two reserved parking spaces that will convey to the buyer. The space is expected to be vacated by the beginning of September 2025.

Key Highlights

  • Top floor medical condo
  • Conveniently located near St. David's Hospital
  • Two reserved parking spaces convey

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$51,981
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,620 $1.0M
Cap Rate 7%
$742,586 $742.6K
Cap Rate 9%
$577,567 $577.6K
Market Conditions
NOI Build-Up for 3,122 SF
Gross rent
$93.7K $30.00/SF
− Vacancy
−$24.4K −$7.80/SF
EGI
$69.3K $22.20/SF
− OpEx
−$17.3K −$5.55/SF
NOI
$52.0K $16.65/SF
Area
ZIP 78745
Vacancy
26.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,620
Cap Rate 7%
$742,586
Cap Rate 9%
$577,567

Alternative Uses

Best Use
Office B
$742.6K
$649.8K – $866.4K (±1% cap)
NOI $51,981 @ 7.0% cap · market cap 6.94%
Second Best
Healthcare Medical
$664.7K
$581.6K – $775.5K (±1% cap)
NOI $46,530 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M (±1% cap)
NOI $91,355 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dr. William McGlathery Ophthalmologist Netaji Balijepalli MD Physician TOC Eye and Face Spa & Massage Center Austin Women's Clinic Medical Clinic Mark Levitan Ophthalmologist

Suggested Use

Top Pick Pharmacy Grocery & Convenience Store Law Firm (Bike/Boat/Book/etc) Store Bakery Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,021
Businesses Nearby
Balanced
Demand for This Use

Demographics for 78745, TX

59,843
Population
31,246
Households
1.9
Avg Household Size
36
Median Age
54%
College-Educated
93%
High-School Grad
13.7 sq mi
ZIP Area
4,368
Density / Sq Mi
$84,529
Median Household Income
$56,551
Median Earnings
$1,655
Median Rent
$459,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Austin, TX

9.1% 2019
17.1% 2020
18.7% 2021
21.8% 2022
27.1% 2023
29.8% 2024
29% 2025

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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical condo near St. David's Hospital, available September 2025.
Where is this medical office space located?
The property is located at 4207 James Casey St 301 Austin, TX.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Top floor medical condo; Conveniently located near St. David's Hospital; Two reserved parking spaces convey
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