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    8701 Menchaca Rd Austin, TX 78748

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    Class A medical office condos, Austin, TX

    Property size:
    1,187 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    The Trio at Manchaca, located at 8701 Menchaca Rd, Austin, TX 78748, offers a unique investment opportunity in the thriving Austin market. This three-building complex features 51,114 square feet of Class A medical office space, with 22 units across two stories. Building 1, a 51,114 square foot, two-level structure, is currently available for purchase or lease. Constructed of steel and concrete with storefront glass windows, it boasts a dramatic atrium entry, elegant common area bathrooms, and spacious outdoor patios. The building offers excellent visibility at a busy intersection and approximately 65 covered parking spaces (a 4.35:1,000 sq ft ratio). Units range from 1,187 to 12,500 square feet of contiguous space, perfect for owner-users or investors. The building's shell is available for purchase, with pricing ranging from $445 to $470 per square foot (inline and endcap spaces respectively), and patio space at $225 per square foot. Lease options are also available at $34 NNN for 7-10 year commitments, including a $40 tenant improvement allowance. The property sits on a 5.7-acre lot and is zoned GR/LR-CO. Phase II construction is underway, with shell delivery expected in Q1 2024. This is a rare opportunity to own a prime medical office space just fifteen minutes from downtown Austin. The property is 100% owned and vacant. Building 1 is a 2023 construction.

    Property Features for 8701 Menchaca Rd

    General Information

    Property type
    Medical offices
    Square Feet
    1,187 SF
    Class
    A
    Lot Size
    248,292 SF

    Building Details

    Year Built
    2023
    Buildings
    3
    Stories
    2
    Units
    22

    HighLights

    • Inline spaces: $445-$470/SF; Endcaps: $470/SF; Patio space: $225/SF.
    • 51,114 SF Class A office building.
    • Two‑story office building above covered parking.
    • Concrete structure with steel superstructure.
    • Impressive atrium entry.
    • Storefront glass windows and building features.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.8151227
    Latitude
    30.1851475

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    FAQs

    What type of property is this?
    Medical office - Class A medical office condos, Austin, TX
    Where is this medical office located?
    The property is located at 8701 Menchaca Rd Austin, TX.
    What are key features of this property?
    This property features: Inline spaces: $445-$470/SF; Endcaps: $470/SF; Patio space: $225/SF.; 51,114 SF Class A office building.; Two-story office building above covered parking.
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    8701 Menchaca Rd Austin, TX 78748
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    Austin, TX 78748
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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
    8701 Menchaca Rd Austin, TX 78748
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