Renovated Medical Office
For Sale
Contact for pricing
4212 Medical Pkwy, Austin, TX 78756
Recently renovated office building suited for medical or office users with convenient access to MoPac via 35th and 45th.
Property Size7,769 SF
Price / SF$405.46
Days on Market79
Property Features for 4212 Medical Pkwy
General Information
Standard status
Active
Size
7,769 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Asterra Properties
(512) 767-8654
Listed By:
Scott Lindauer
Source:
Moodyscre
Added: May 13
Changed: Jul 28
Last Checked: Jul 28 at 10:14AM
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 building offering updated finishes and a refreshed professional environment for office or medical users. The property is configured to support a professional workplace setting.
Located in central Austin near the Triangle District and approximately four miles north of Downtown Austin, the building provides access to MoPac via 35th and 45th Streets for connectivity throughout Austin.
The offering includes a single, self-contained office property with renovation-focused improvements intended to support an immediate move-in appearance.
Located in central Austin near the Triangle District and approximately four miles north of Downtown Austin, the building provides access to MoPac via 35th and 45th Streets for connectivity throughout Austin.
The offering includes a single, self-contained office property with renovation-focused improvements intended to support an immediate move-in appearance.
Key Highlights
- Recently renovated office building suited for office or medical users
- Located at 4212 Medical Parkway in central Austin near the Triangle District
- Approximately 4 miles north of Downtown Austin
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 authorities.
Property Analytics
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
Market
Vacancy Rate% for Office in Austin, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Recently renovated office building suited for medical or office users with convenient access to MoPac via 35th and 45th.
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 building suited for office or medical users; Located at 4212 Medical Parkway in central Austin near the Triangle District; Approximately 4 miles north of Downtown Austin
