Top-Floor Medical Office
For Sale
$749,000
4207 James Casey St #301, Austin, TX 78745
Top-floor medical condo near St. David's Hospital, with two reserved parking spaces that convey to the buyer.
Property Size3,122 SF
Price / SF$239.91
Days on Market406
Property Features for 4207 James Casey St #301
General Information
Standard status
Active
Size
3,122 SF
Total Parking Spaces
2
Property subtype
Commercial
Building Details
Building Size
3,122 SF
Year Built
1983
Listing Agency:
Trevor Benz Dickens
(512) 476-0111
Listed By:
Trevor Dickens
Source:
Buttross
Added: Jun 24, 2025
Changed: Jul 26
Last Checked: Aug 2 at 1:52PM
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
Investment Insights
Based on property information with market context.
This top-floor medical office condo has been used as Austin Retina Associates’ south Austin satellite office since the space was finished out in 2012. The offering includes two reserved parking spaces that convey to the buyer, and the condo is expected to be vacated by the beginning of September 2025.
Medical Center South is conveniently located near St. David's Hospital at South First & Ben White.
The unit’s medical office buildout supports direct medical use, with the property configured as a finished condo suite on the top floor.
Medical Center South is conveniently located near St. David's Hospital at South First & Ben White.
The unit’s medical office buildout supports direct medical use, with the property configured as a finished condo suite on the top floor.
Key Highlights
- Top‑floor medical condo (year built 1983) near St. David's Hospital at South First & Ben White
- Served as Austin Retina Associates’ south Austin satellite office; space finished out in 2012
- Two reserved parking spaces convey to the buyer
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 | $93.7k | $30.00 |
| − Vacancy | −$24.4k | −$7.80 |
| EGI | $69.3k | $22.20 |
| − OpEx | −$17.3k | −$5.55 |
| NOI | $52.0k | $16.65 |
3,122 SF · lease $30.00/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$742.6K
$649.8K – $866.4K
NOI $51,981 @ 7.0% cap · market cap 6.94%
Second Best
Healthcare Medical
$664.7K
$581.6K – $775.5K
NOI $46,530 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,355 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,021
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Top-floor medical condo near St. David's Hospital, with two reserved parking spaces that convey to the buyer.
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 (year built 1983) near St. David's Hospital at South First & Ben White; Served as Austin Retina Associates’ south Austin satellite office; space finished out in 2012; Two reserved parking spaces convey to the buyer
