Current Use by Public Records
- AMRA Franchise Consulting, LLC / Business Broker
- Jessica Dorsey / Physician / Medical Clinic
- Dale Glenn Schaefer / Physician / Medical Clinic
- Jessica Scruggs Dorsey / Physician / Medical Clinic
- Robert John Fox / Physician / Medical Clinic
Property Details for 3807 Spicewood Springs Rd
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a 10,613-square-foot medical office condo in Austin, Texas, located at 3807 Spicewood Springs Road, zip code 78759. The property is situated in a highly desirable Northwest Austin neighborhood, boasting a prime location with close proximity to major thoroughfares like Mopac, 183, and 360, offering easy access to the Central Business District. Currently 100% occupied by two established medical tenants, each with a remaining lease term of approximately 3.5 years, followed by a five-year renewal option already exercised. Both suites feature complete medical build-outs, including multiple exam rooms. The building is professionally managed and exceptionally well-maintained, with no deferred maintenance. The property offers a strong financial performance, with a current annual Net Operating Income (NOI) of $301,600 and a compelling 7.3% capitalization rate. The asking price is $4,100,000. This presents a rare chance to acquire a turnkey medical office investment in a thriving Austin location, with the added potential for owner-user occupancy upon lease expiration. The property is conveniently located just nine minutes from Seton Physicians Hospital, and near shopping malls. This is a trophy location with long-term tenants and a strong financial outlook.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.7502
- Latitude
- 30.3645
