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Property profile & analytics
FOR LEASE
Medical Office Space
12221 Renfert Way Austin, TX 78758
Individually Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-4135435
For Lease
1 / 3
Contact for pricing
12221 Renfert Way, Austin, TX 78758
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Total area
111,596 SF
Lot
5.17 ac (225,118 SF)
APN
260130729
UPID
US83-4135435
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Allison E. Gorrebeeck M.D. Physician
-
Eating Recovery Center Austin Psychologist Eating Disorder Treatment Center
-
Pathlight Mood & Anxiety Center Austin Medical Clinic
-
Texas Oncology-Austin North Suite 300 Medical Clinic Hospital
-
Texas Oncology-Austin North Radiation Oncology Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.68M
Owner & transaction history
Medical Oaks Pavilion Ph III L · 19 yrs held
Medical Oaks Pavilion Ph III L
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$33 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$802,113
Tax year 2022
Assessed value
$41,500,000
Assessed 2023
Previous assessed
$40,614,900
+2.2% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,620,850
Assessed improvement
$39,879,150
Land market value
$1,620,850
Improvement market value
$39,879,150
Total market value
$41,500,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2010
Heating
NONE
Stories
3
Total area
111,596 SF
Lot
5.17 ac (225,118 SF)
APN
260130729
UPID
US83-4135435
Jurisdiction
TRAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Stories
3
Lot
5.17 ac
Current owner
From public records · entity-resolved
Medical Oaks Pavilion Ph III L
Individual
Free & Clear · 19 yrs held
Mailing address
98 SAN JACINTO BLVD STE #1810, AUSTIN, TX 78701-4237
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
—
Medical Oaks Pavilion Ph III Ltd
—
Deed
related
$21,000,000 · John Hancock Life Insurance Company USA
Apr 24, 2017
—
Medical Oaks Pavilion Ph III L
—
Deed
related
$18,956,000 · Bank Of America
Apr 3, 2007
—
Medical Oaks Pavilion Ph III L
St Davids Healthcare Ptshp
Grant Deed
related
—
Nov 17, 2006
—
Medical Oaks Pavilion Ph III L
Hti Of Adc Venture
Grant Deed
$9,338,000 · Regions Bank
Sep 12, 2002
—
Hti/adc Venture
Columbia/st Davids Healthcare
Grant Deed
related
—
Dec 12, 2001
—
Lisa F Mclung
—
Trustees Deed
related
$1,263 · San Antonio Plumbing
—
—
Medical Oaks Pavilion Ph III L
—
Deed Of Trust
related
$18,956,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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