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    2200 Park Bend Dr Austin, TX 78758

    Sponsored
    For Sale
    $11,100,000

    High-yield medical office building in prime Austin location.

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 20,000 square foot medical office building, constructed in 2004, presents a compelling investment opportunity. Located at 2200 Park Bend Dr, Austin, TX 78758, in Travis County, this multi-tenant property boasts 100% occupancy with two long-term tenants, enjoying a strong 6.50% capitalization rate and a Net Operating Income (NOI) of $720,000. The asking price is $11,100,000. The building features a Triple Net (NNN) lease structure, providing a stable and predictable income stream. With 25 parking spaces, the property is conveniently situated within the North Austin Medical Corridor, adjacent to St. David's Medical Center, and within a mile of the Domain and Q2 Stadium. Its GO-MU-CO zoning ensures flexibility and future development potential. The property's strategic location, coupled with its strong tenant base and high occupancy rate, makes it an attractive investment for discerning buyers seeking a stable, high-return asset in a thriving medical market. The two tenants have lease terms of five and seven years remaining, respectively, providing long-term financial security. Easy access to Loop 1 and Interstate 35 ensures convenient access for tenants and visitors.

    Property Features for 2200 Park Bend Dr

    General Information

    Property type
    Medical offices
    Square Feet
    20,000 SF

    Building Details

    Year Built
    2004
    Units
    2

    HighLights

    • Strategic location in Austin's North Medical Corridor.
    • 100% occupied, 20,000 SF medical office building.
    • Two long‑term tenants with established practices, providing long‑term lease security.
    • Highly desirable location near The Domain and Q2 Stadium.
    Property Profile Location Intelligence

    Current Use by Public Records

    Meredith M. Wahl, ... Physical Therapy Clinic Jamie Fauth, RN, ... Physical Therapist Benjamin Winders, MD Medical Clinic Us Allergy Labs ... Medical Clinic Kelly J. Cipparone, ... Nurse Practitioner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7032744
    Latitude
    30.4089718

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    FAQs

    What type of property is this?
    Medical office - High-yield medical office building in prime Austin location.
    Where is this medical office located?
    The property is located at 2200 Park Bend Dr Austin, TX.
    What is the asking price?
    The asking price for this property is $11,100,000.
    What are key features of this property?
    This property features: Strategic location in Austin's North Medical Corridor.; 100% occupied, 20,000 SF medical office building.; Two long-term tenants with established practices, providing long-term lease security.
    Request Owner's contact information
    2200 Park Bend Dr Austin, TX 78758
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    Austin, TX 78758
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2200 Park Bend Dr Austin, TX 78758
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