Built-Out Medical Office
For Sale
$2,000,000
9011 Mountain Ridge Drive, Austin, TX 78759
Ground-floor entry with reception, exam rooms, private offices, and covered parking.
Property Size24,802 SF
Price / SF$412.03
Days on Market48
Property Features for 9011 Mountain Ridge Drive
General Information
Standard status
Active
Size
24,802 SF
Net Rentable
4,854 SF
Class
B
Total Parking Spaces
2
Property subtype
Office
Additional Details
Floor
Ground Floor
Highway Access
Yes
Building Details
Building Size
24,802 SF
Year Built
1986
Listing Agency:
CSA Realty Group
Listed By:
Chris Thompson
(512) 924-3504
Source:
Corfac
Added: Jul 30
Changed: Sep 14
Last Checked: Sep 15 at 7:35AM
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 CSA Realty Group
Investment Insights
Based on property information with market context.
This fully built-out medical office condo offers 2,593-4,854 RSF with a large reception and check-in area, 8 exam or consult rooms, and 4 private doctor’s offices. The ground-floor entry includes a signage opportunity, and the property provides 2 covered parking spaces.
Located at 9011 Mountain Ridge Drive in Austin, the property offers access to Hwy 360 and US 183. The Domain, Seton Medical Center, and the Arboretum are nearby, supporting a healthcare-oriented office setting with established regional access.
Located at 9011 Mountain Ridge Drive in Austin, the property offers access to Hwy 360 and US 183. The Domain, Seton Medical Center, and the Arboretum are nearby, supporting a healthcare-oriented office setting with established regional access.
Key Highlights
- 2,593‑4,854 RSF medical office condo
- 8 exam or consult rooms
- 4 private doctor’s offices
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
$98,880
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
4.94%
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%
$1,977,600
$2.0M
Cap Rate 7%
$1,412,571
$1.4M
Cap Rate 9%
$1,098,667
$1.1M
Market Conditions
NOI Build-Up for 4,854 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
$174.2K $35.88/SF
− Vacancy
−$42.3K −$8.72/SF
EGI
$131.8K $27.16/SF
− OpEx
−$33.0K −$6.79/SF
NOI
$98.9K $20.37/SF
Area
Austin, TX
Vacancy
24.30%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
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%
$1,977,600
Cap Rate 7%
$1,412,571
Cap Rate 9%
$1,098,667
Alternative Uses
Best Use
Office B
$1.41M
$1.24M – $1.65M
NOI $98,880 @ 7.0% cap · market cap 4.94%
Second Best
Healthcare Medical
$913.7K
$799.5K – $1.07M
NOI $63,956 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,148 @ 7.0% cap · market cap 6.66%
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
2,091
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78759, TX
42,333
Population
23,843
Households
1.8
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,960
Density / Sq Mi
$102,799
Median Household Income
$67,807
Median Earnings
$1,680
Median Rent
$634,400
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.
Similar Off Market Nearby
- Vetco Total Care Animal Hospital — 9828 Great Hills Trl #400, Austin, TX 78759
Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-floor entry with reception, exam rooms, private offices, and covered parking.
Where is this medical office space located?
The property is located at 9011 Mountain Ridge Drive Austin, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 2,593‑4,854 RSF medical office condo; 8 exam or consult rooms; 4 private doctor’s offices
