Fully Leased Medical Office
For Sale
Contact for pricing
7000 Bee Caves Rd, Austin, TX 78746
Purpose-built medical office building on 1 acre with 20,042 SF and multiple tenants.
Property Size20,042 SF
Lot Size1.00 Acre
Price / SF$369.22
Days on Market145
Property Features for 7000 Bee Caves Rd
General Information
Standard status
Active
Size
20,042 SF
Class
B
Total Parking Spaces
73
Lot size
1.00 Acre
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$556,976
Building Details
Year Built
1999
Buildings
1
Units
73
Tenancy
Multi
Listing Agency:
Partners - Austin
Listed By:
Ryan McCullough, SIOR · License #TX 742422
Source:
Crexi
Added: Apr 16
Changed: Aug 13
Last Checked: Sep 4 at 8:04PM
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 Partners - Austin
Investment Insights
Based on property information with market context.
7000 Bee Caves Road is a purpose-built medical office building offering a fully leased configuration with multiple tenants. The property totals 20,042 square feet and sits on 1.0 acre.
Located in Austin, Texas within the Westlake submarket, the building is positioned along a prominent, high-demand commercial corridor.
For buyers seeking a medical office asset with an in-place income profile, this offering provides a stabilized structure with tenant occupancy already established at the property.
Located in Austin, Texas within the Westlake submarket, the building is positioned along a prominent, high-demand commercial corridor.
For buyers seeking a medical office asset with an in-place income profile, this offering provides a stabilized structure with tenant occupancy already established at the property.
Key Highlights
- Purpose‑built medical office building built in 1999
- 20,042 SF medical office building on 1.0 acre
- Fully leased property with multiple tenants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$264,073
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,281,460
$5.3M
Cap Rate 7%
$3,772,471
$3.8M
Cap Rate 9%
$2,934,144
$2.9M
Market Conditions
NOI Build-Up for 20,042 SF
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.
Gross rent
$481.0K $24.00/SF
− Vacancy
−$40.9K −$2.04/SF
EGI
$440.1K $21.96/SF
− OpEx
−$176.0K −$8.78/SF
NOI
$264.1K $13.18/SF
Area
Austin, TX
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,281,460
Cap Rate 7%
$3,772,471
Cap Rate 9%
$2,934,144
Alternative Uses
Best Use
Healthcare Medical
$3.77M
$3.30M – $4.40M
NOI $264,073 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.85M
$6.87M – $9.16M
NOI $549,765 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,350
Businesses Nearby
Explore this area
Business Placement
Demographics for 78746, TX
29,106
Population
11,897
Households
2.4
Avg Household Size
41
Median Age
83%
College-Educated
99%
High-School Grad
22.9 sq mi
ZIP Area
1,271
Density / Sq Mi
$183,028
Median Household Income
$92,124
Median Earnings
$2,097
Median Rent
$1,352,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Purpose-built medical office building on 1 acre with 20,042 SF and multiple tenants.
Where is this medical center located?
The property is located at 7000 Bee Caves Rd Austin, TX.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: Purpose‑built medical office building built in 1999; 20,042 SF medical office building on 1.0 acre; Fully leased property with multiple tenants
