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 Market190
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: Oct 16
Last Checked: Oct 20 at 8:11PM
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
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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 / Yr
$264,073
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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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
