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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12129 Ranch Road 620 N Austin, TX 78750

    • Medical offices
    • 61,750 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2193283
    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

    • Austin Meat Market / Halal Restaurant / Meat Processor
    • CarePlus Chiropractic, P.A. / Chiropractor
    • Painting with a Twist / Painting Lessons / Painting Studio
    • lake creek square / Business Center
    • Dive World Austin / Scuba Instructor / Scuba Tour Agency

    Property Details for 12129 Ranch Road 620 N

    Property size
    61,750 SF
    Property type
    Medical offices

    Description

    Lake Creek Square, located at 12129 Ranch Rd 620 N, Austin, TX 78750, offers exceptional office space in a thriving community center. This Class B property boasts a total of 61,750 square feet across four buildings, with multiple suites available. The minimum divisible space is 5,552 square feet, while the maximum contiguous space is 8,900 square feet. The property is situated at the intersection of RR 620 and Lake Creek Parkway, in the Northwest

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.816882515795
    Latitude
    30.461807527739

    Comparable in this City

    • $28 SF/Yr
      2,357 SF

      Arboretum Park Medical Office Space

      Austin Medical Office Suite Available
      9707 Anderson Mill Rd, Austin, TX 78750
      View Details
    • $4,353 /Mo
      33,795 SF

      Furnished Clinic Space Available

      Ready-to-go clinic space in Anderson Mill Medical Center.
      12411 Hymeadow Dr, Austin, TX 78750
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    • $3,000 /Mo

      Office Space For Lease

      Office space available for lease, suitable for medical or general use.
      13740 P3-4, Austin, TX 78750
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    • $18 SF/Yr

      Retail Space in Great Location

      Retail space suitable for various businesses, previously an upscale spa.
      6507 Jester Blvd, Austin, TX 78750
      View Details
    • $14 SF/Yr
      14,900 SF

      Hymeadow Executive Office Suite

      Austin Office Space For Lease
      12416 Hymeadow Dr, Austin, TX 78750
      View Details
    • $3,032,100
      8,780 SF

      Free-Standing Building Near SH 183

      Free-standing building with immediate highway access and private amenities.
      10601 Pecan Park Blvd, Austin, TX 78750
      View Details

    Similar Nearby for Sale

    • $730,000
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      Austin Office Park Investment

      Four units, prime NW Austin location.
      13740 Research Blvd, Austin, TX 78750
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      11,049 SF

      Highway Frontage Medical/Service Retail

      Retail asset leased to medical and service tenants.
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      Medical Office Building Units

      Three contiguous ground floor medical office units for sale.
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    • $295,000

      Office Space with Covered Patio

      Second-floor office space featuring a reception area and covered patio.
      12343 Hymeadow Dr, Austin, TX 78750
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    • Contact for pricing
      20,784 SF

      Office and Retail Complex

      Two-story Class B office and retail complex in Balcones Village.
      9801 Anderson Mill Rd, Austin, TX 78750
      View Details
    • $720,000

      Prime Office Space Investment Opportunity

      Well-maintained office park near Hwy 183, excellent investment opportunity.
      13740 Research Blvd, Austin, TX 78750
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      2,357 SF

      Arboretum Park Medical Office Space

      Austin Medical Office Suite Available
      9707 Anderson Mill Rd, Austin, TX 78750
      View Details
    • $4,353 /Mo
      33,795 SF

      Furnished Clinic Space Available

      Ready-to-go clinic space in Anderson Mill Medical Center.
      12411 Hymeadow Dr, Austin, TX 78750
      View Details
    • $3,000 /Mo

      Office Space For Lease

      Office space available for lease, suitable for medical or general use.
      13740 P3-4, Austin, TX 78750
      View Details
    • $18 SF/Yr

      Retail Space in Great Location

      Retail space suitable for various businesses, previously an upscale spa.
      6507 Jester Blvd, Austin, TX 78750
      View Details
    • $850 /Mo

      Office Condos For Rent

      Multiple office condos available in various sizes.
      13010 State Highway 183 N, Austin, TX 78750
      View Details
    • $3,032,100
      8,780 SF

      Free-Standing Building Near SH 183

      Free-standing building with immediate highway access and private amenities.
      10601 Pecan Park Blvd, Austin, TX 78750
      View Details

    Property Visit Statistics

    • Visits by month
      5.0k
    • Visitors by month
      2.9k
    • Avg Time on site
      42 min
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    12129 Ranch Road 620 N
    Austin, TX 78750
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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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