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    7900 Skytree Dr Austin, TX 78744

    Sponsored
    For Lease
    Contact for pricing

    Prime Austin medical office building, 20,000 sqft.

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    422
    This exceptional 20,000-square-foot medical office building, situated on 4.15 acres in Austin, Texas's thriving Easton Park community, presents a compelling investment or leasing opportunity. Completed in 2026, this single-tenant building offers flexible space options ranging from 2,000 to 20,000 contiguous square feet, catering to a variety of medical practices. Its prominent location at the entrance to the 2,700-acre Easton Park master-planned community ensures high visibility and easy accessibility for patients. The building's design and location are perfectly positioned to capitalize on the significant demand for medical services within this rapidly growing area, serving a large underserved population. Located at 7900 Skytree Dr, Austin, TX 78744, in Travis County, this property represents a strategic investment for healthcare providers or investors seeking to establish a presence in a dynamic and expanding market. The building's modern design and ample space make it an ideal location for a variety of medical specialties. This is a rare opportunity to acquire a high-quality medical office building in a prime location with significant growth potential. The property is classified as a Traditional Office, Medical Office, and Executive Office space.

    Property Features for 7900 Skytree Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF

    Building Details

    Year Built
    2026

    Spaces For Lease

    at 7900 Skytree Dr, Austin, TX 78744 Contact us

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    Listing Contact
    Connor Watson
    Connor Watson

    Learn more

    HighLights

    • Class A suburban medical office development at the entrance to Easton Park, a 2,700‑acre master‑planned community.
    • High‑traffic signalized intersection near Easton Park elementary school.
    • Easton Park: 3,000 homes built, 3,000 more under construction, and 12,000 planned, representing a large Austin MSA master‑planned community.
    • Underserved medical market with high patient demand and barriers to entry.
    • Strong Austin medical office market driven by major medical centers like St. David's and Baylor Scott & White, emphasizing outpatient care.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hotel & Motel Garden Center Daycare Center Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.714519290348
    Latitude
    30.155965644737

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    FAQs

    What type of property is this?
    Medical office - Prime Austin medical office building, 20,000 sqft.
    Where is this medical office located?
    The property is located at 7900 Skytree Dr Austin, TX.
    What are key features of this property?
    This property features: Class A suburban medical office development at the entrance to Easton Park, a 2,700-acre master-planned community.; High-traffic signalized intersection near Easton Park elementary school.; Easton Park: 3,000 homes built, 3,000 more under construction, and 12,000 planned, representing a large Austin MSA master-planned community.
    Request Owner's contact information
    7900 Skytree Dr Austin, TX 78744
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    Austin, TX 78744
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7900 Skytree Dr Austin, TX 78744
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    Listing Contact
    Connor Watson
    Connor Watson
    Real Estate License ID: 743487
    Learn more
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