Renovated Office and Medical
4212 Medical Pkwy Austin, TX 78756
4212 Medical Pkwy, Austin, TX, 78756
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For Sale
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Recently renovated office/medical building with access to MoPac via 35th and 45th Streets.
Property Size7,769 SF
Price / SF$405.46
Days on Market155
Property Features for 4212 Medical Pkwy
General Information
- Standard status
- Active
- Size
- 7,769 SF
- Property subtype
- Office
Building Details
- Year Built
- 1973
Listing agency
Asterra Properties
(512) 825-6287
Listed by
Emmett Sweeney · License #824221
Source
Crexi
Added: Feb 17 Updated: Jul 21 at 5:07AM Checked: Jul 21 at 5:07AM
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 Asterra Properties
Investment Insights
Based on property information with market context.
4212 Medical Parkway is a renovated office and medical building offering updated finishes and a refreshed professional environment. The property is suited for office or medical users.
Located in central Austin near the Triangle District, the building is approximately four miles north of Downtown Austin. Access to MoPac is available via 35th and 45th Streets, supporting convenient connectivity throughout Austin.
The building is offered for sale.
Located in central Austin near the Triangle District, the building is approximately four miles north of Downtown Austin. Access to MoPac is available via 35th and 45th Streets, supporting convenient connectivity throughout Austin.
The building is offered for sale.
Key Highlights
- Recently renovated office/medical building
- Year built: 1973
- Located at 4212 Medical Parkway in central Austin, about four miles north of Downtown Austin
Local 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 | $278.8k | $35.88 |
| − Vacancy | −$67.7k | −$8.72 |
| EGI | $211.0k | $27.16 |
| − OpEx | −$52.8k | −$6.79 |
| NOI | $158.3k | $20.37 |
7,769 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,261 @ 7.0% cap · market cap 5.02%
Second Best
Healthcare Medical
$1.46M
$1.28M – $1.71M
NOI $102,364 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $213,109 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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Similar Off Market Nearby
- Brykerwood Veterinary Clinic: Werner Allison DVM — 1501 W 35th St, Austin, TX 78703
- Stone Veterinary Practice Management — 1101 W 34th St, Austin, TX 78705
- ACUvet — 1101 w 34th st, austin, tx 78705
- Moore Bethany DVM — 1501 W 35th St, Austin, TX 78703
- Pet Specialists of Austin — 3901 Guadalupe St, Austin, TX 78751
FAQs
What type of property is this?
Medical Office Space - Recently renovated office/medical building with access to MoPac via 35th and 45th Streets.
Where is this medical office space located?
The property is located at 4212 Medical Pkwy Austin, TX.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Recently renovated office/medical building; Year built: 1973; Located at 4212 Medical Parkway in central Austin, about four miles north of Downtown Austin
