Renovated Office and Medical
For Sale
Contact for pricing
4212 Medical Pkwy, Austin, TX 78756
Recently renovated office/medical building with access to MoPac via 35th and 45th Streets.
Property Size7,769 SF
Price / SF$405.46
Days on Market247
Property Features for 4212 Medical Pkwy
General Information
Standard status
Active
Size
7,769 SF
Class
C
Property subtype
Office
Zoning
LO
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1973
Year Renovated
2023
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Asterra Properties
Listed By:
Emmett Sweeney · License #824221
(512) 954-4497
Source:
Crexi
Added: Feb 17
Changed: Oct 11
Last Checked: Oct 20 at 8:28PM
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 Asterra Properties
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,261
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,165,220
$3.2M
Cap Rate 7%
$2,260,871
$2.3M
Cap Rate 9%
$1,758,456
$1.8M
Market Conditions
NOI Build-Up for 7,769 SF
Gross rent
$278.8K $35.88/SF
− Vacancy
−$67.7K −$8.72/SF
EGI
$211.0K $27.16/SF
− OpEx
−$52.8K −$6.79/SF
NOI
$158.3K $20.37/SF
Area
Austin, TX
Vacancy
24.30%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,165,220
Cap Rate 7%
$2,260,871
Cap Rate 9%
$1,758,456
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 authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,161
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78756, TX
8,426
Population
4,943
Households
1.7
Avg Household Size
37
Median Age
71%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
4,956
Density / Sq Mi
$97,149
Median Household Income
$56,515
Median Earnings
$1,383
Median Rent
$788,600
Median Home Value
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Market
Vacancy Rate% for Office in Austin, TX
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Frequently Asked Questions
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
