Medical Building Near St.
2200 Park Bend Dr Austin, TX 78758
2200 Park Bend Dr, Austin, TX, 78758
Contact for pricing
For Sale
Contact for pricing
20,000 SF medical building near St. David's North Austin.
Property Size20,000 SF
Price / SF$450
Days on Market638
Property Features for 2200 Park Bend Dr
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2004
Listing Agency
Sayers Real Estate Advisors Inc
Listed by
Jake Malone · License #TX 728554
Source
Crexi
Added: Oct 21, 2024 Checked: Jul 19 at 8:41 am
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 Sayers Real Estate Advisors Inc
Investment Insights
Based on property information with market context.
This 20,000 square foot medical building is located adjacent to St. David's Medical Center within the North Austin Medical Corridor. The multi-tenant property is fully leased to Austin Thyroid & Endocrinology and Austin Premier Surgical Center, with 5 and 7 years remaining on their respective leases. It is located within a mile of the Domain, a shopping destination, and Q2 stadium. Proximity to Loop 1 and Interstate 35 allows for convenient access.
Key Highlights
- 100% leased to long‑term tenants including Austin Thyroid & Endocrinology, and Austin Premier Surgical Center.
- Located adjacent to St. David's North Austin Medical Center.
- Strategically located within the North Austin Medical Corridor.
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 | $717.6k | $35.88 |
| − Vacancy | −$174.4k | −$8.72 |
| EGI | $543.2k | $27.16 |
| − OpEx | −$135.8k | −$6.79 |
| NOI | $407.4k | $20.37 |
20,000 SF · lease $35.88/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.82M
$5.09M – $6.79M
NOI $407,417 @ 7.0% cap · market cap 4.53%
Second Best
Healthcare Medical
$3.76M
$3.29M – $4.39M
NOI $263,520 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$7.84M
$6.86M – $9.14M
NOI $548,613 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Meredith M. Wahl, ...
Medical Clinic
Jamie Fauth, RN, ...
Physician
Benjamin Winders, MD
Medical Clinic
Us Allergy Labs ...
Medical Clinic
Kelly J. Cipparone, ...
Physician
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FAQs
What type of property is this?
Medical Office Space - 20,000 SF medical building near St. David's North Austin.
Where is this medical office space located?
The property is located at 2200 Park Bend Dr Austin, TX.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 100% leased to long‑term tenants including Austin Thyroid & Endocrinology, and Austin Premier Surgical Center.; Located adjacent to St. David's North Austin Medical Center.; Strategically located within the North Austin Medical Corridor.
