Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4105 Medical Pkwy Austin, TX 78756

    • Office buildings
    • 7,769 SF
    • 0.28 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2301699
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Somato Enlightenment / Life Coach
    • ProperCare: Life & Care Management for Aging Adults / Health Consultant / Aged Care
    • R H Medical / Medical Center
    • Allergy Elimination Clinic / Doctor
    • Sky Hill Wellness / Acupuncturist

    Property Details for 4105 Medical Pkwy

    Year built
    1972
    Lot size
    0.28 lot acres
    Property size
    7,769 SF
    Property type
    Office buildings
    APN
    221020903
    APU
    221020903

    Description

    This exceptional two-story medical/creative office building, located at 4105 Medical Parkway in Austin, Texas (zip code 78756), offers flexible lease options ranging from 409 to 2,600 contiguous square feet. Built in 1972, this single building, situated in Travis County's Central Medical District, provides a prime location for professionals. The currently available 2,600 square feet of vacant space is ideal for a variety of uses, including medical offices, creative agencies, or other professional services. Suite 206 is divisible to accommodate smaller tenants. The building boasts abundant natural light, recently updated carpeting and windows, and convenient on-site building ownership. Enjoy the benefits of a central Austin location, with easy walking access to Central Market, parks, shops, and restaurants. Please note that the lease rate does not include internet service.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7422
    Latitude
    30.3103
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $48,248
    $1,100,250
    $1,611,546
    $2,711,796
    -
    $1,100,250
    $1,611,546
    $2,711,796

    Comparable in this City

    • Value Estimation by Request
      7,954 SF

      4314 Medical Pkwy

      OFFICE BUILDING • 7,954 SF
      4314 Medical Pkwy, Austin, TX 78756-3334
      View Details
    • Value Estimation by Request
      3,360 SF

      5608 Burnet Rd

      OFFICE BUILDING • 3,360 SF
      5608 Burnet Rd, Austin, TX 78756-1606
      View Details
    • Value Estimation by Request
      25,200 SF

      4009 Marathon Blvd

      OFFICE BUILDING • 25,200 SF
      4009 Marathon Blvd, Austin, TX 78756-3717
      View Details
    • Value Estimation by Request
      15,729 SF

      4200 Marathon Blvd

      OFFICE BUILDING • 15,729 SF
      4200 Marathon Blvd, Austin, TX 78756-3435
      View Details
    • Value Estimation by Request
      8,140 SF

      4701 Burnet Rd, Unit B

      OFFICE BUILDING • 8,140 SF
      4701 Burnet Rd, Austin, TX 78756-2826
      View Details
    • Value Estimation by Request
      1,641 SF

      1205 43rd St

      OFFICE BUILDING • 1,641 SF
      1205 43rd St, Austin, TX 78756-3301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,205 SF

      Austin Office Building: Value-Add Opportunity

      6,205 SF Office, Recently Renovated, Central Austin
      5611 Adams Ave, Austin, TX 78756
      View Details
    • Contact for pricing
      1,030 SF

      Central Austin Office Space

      Office space in central Austin with frontage on Burnet Rd.
      4524 Burnet Rd, Austin, TX 78756
      View Details
    • Contact for pricing
      3,737 SF

      Versatile Austin Property For Sale

      6,000+ sqft Austin property ideal for office, storage, warehouse.
      5611 Adams Ave, Austin, TX 78756
      View Details
    • $775,000

      Office/Home in Brentwood, Austin

      Charming office or home in the Brentwood section of Austin.
      1509 W Koenig Ln, Austin, TX 78756
      View Details
    • Contact for pricing
      7,769 SF

      Central Austin Office Building

      Prime Medical Office, 7,769 SF, 90% Occupancy
      4105 Medical Pkwy, Austin, TX 78756
      View Details
    • Contact for pricing
      3,677 SF

      West Central Austin Retail/Office Property

      High-traffic retail and office property in West Central Austin.
      4408-4412 Medical Pkwy, Austin, TX 78756
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      5,342 SF

      Burnet Road Single-Tenant Office Building

      Single-tenant office building with private parking and outdoor patio.
      4910 Burnet Rd, Austin, TX 78756
      View Details
    • Contact for pricing
      3,273 SF

      Prime Austin Office Suites

      Executive & Medical Offices Available
      3906 Lamar Blvd, Austin, TX 78756
      View Details
    • $60 SF/Yr
      1,400 SF

      Central Austin Office Space Available

      Modern office suites, 150-300 sq ft.
      1504 Koenig Ln, Austin, TX 78756
      View Details
    • Contact for pricing
      2,650 SF

      Retail and Office Space Available

      Retail and office spaces with great visibility on Burnet Road.
      5025 Burnet Rd, Austin, TX 78756
      View Details
    • $29 SF/Yr
      807 SF

      Austin Medical Office Space for Lease

      Prime location, 807 sq ft, NNN lease.
      4107 Medical Pkwy, Austin, TX 78756
      View Details
    • $35 SF/Yr
      735 SF

      Austin Medical Office Space for Lease

      Central Austin Office Suites, 409-2600 SF
      4105 Medical Pkwy, Austin, TX 78756
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4105 Medical Pkwy
    Austin, TX 78756
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.