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    7004 Bee Caves Rd West Lake Hills, TX 78746
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    7004 Bee Caves Rd West Lake Hills, TX 78746

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    • Office properties & Spaces
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    Cap Rate Potential
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    • Office properties & Spaces

    Property Details for 7004 Bee Caves Rd

    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional three-building medical office complex, located at 7004 Bee Caves Rd in Austin, Texas, 78746, offers a unique opportunity for medical professionals seeking prime West Lake Hills space. The property boasts a Class B designation and features a total of three suites, with spaces ranging from a minimum of 786 square feet to a maximum contiguous space of 2,705 square feet. Multiple tenancy options are available, providing flexibility for practices of various sizes. The buildings benefit from the installation of solar power, reducing energy costs and promoting environmental sustainability. New ownership is committed to enhancing the property with significant upgrades, including the addition of a new deck and outdoor seating area, creating a welcoming and comfortable atmosphere for both patients and staff. Mature landscaping and covered parking add to the property's appeal, providing convenient and attractive amenities. The location on Bee Caves Road ensures excellent visibility and accessibility, making it an ideal location for a thriving medical practice. The property's features, combined with its prime location and planned improvements, make it a highly desirable investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Lake Hills
    County
    Travis
    State
    Texas
    Longitude
    -97.8389
    Latitude
    30.3024

    Comparable in this City

    • Value Estimation by Request
      23,439 SF

      3423 Bee Cave Rd

      Medical Office Space • 23,439 SF
      3423 Bee Cave Rd, West Lake Hills, TX 78746
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    • Value Estimation by Request
      106,000 SF

      6836 Bee Caves Rd

      Medical Office Space • 106,000 SF
      6836 Bee Caves Rd, Austin, TX 78746
      View Details
    • Value Estimation
      $1,910,000
      15,838 SF

      5656 Bee Caves Rd, Unit B

      MEDICAL BUILDING • 15,838 SF
      5656 Bee Caves Rd, West Lake Hills, TX 78746-5280
      View Details
    • Value Estimation
      $975,000
      7,693 SF

      2745 Bee Caves Rd

      MEDICAL BUILDING • 7,693 SF
      2745 Bee Caves Rd, Austin, TX 78746-6008
      View Details
    • Value Estimation by Request
      1,418 SF

      500 Grace Ln

      MEDICAL BUILDING • 1,418 SF
      500 Grace Ln, Austin, TX 78746-4815
      View Details
    • Value Estimation
      $1,255,000
      31,604 SF

      4613 Bee Caves Rd

      MEDICAL BUILDING • 31,604 SF
      4613 Bee Caves Rd, West Lake Hills, TX 78746-5203
      View Details

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      Boutique Office and Medical Space

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      Class A Office Space Available

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    • $22 SF/Yr
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      West Lake Hills Office Suites for Lease

      Premium Austin office space, flexible layouts.
      7004 Bee Caves Rd, West Lake Hills, TX 78746
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    • Contact for pricing

      Office Space Available For Rent

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    West Lake Hills, TX 78746
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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
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    7004 Bee Caves Rd, West Lake Hills, TX, 78746
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