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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Medical Office Space
1500 38th St Austin, TX 78731-6321
Entity Owned
9-yr Hold
Free & Clear
Property ID
US82-4851648
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Construction
CONCRETE
Total area
45,704 SF
Lot
2.16 ac (93,924 SF)
APN
221010217
UPID
US82-4851648
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
-
Austin City Dental; Dr. Steven Cook Dental Office
-
38th Street Dental Dental Office
-
David J. Tasch, DDS Dental Office
-
Gary L. Cash, DDS Dental Office
-
Mike Meek, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.32M
Owner & transaction history
5205 Acquisitions LLC · 9 yrs held
5205 Acquisitions LLC
since 2017
5 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$29 / 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
$198,493
Tax year 2022
Assessed value
$9,284,558
Assessed 2023
Previous assessed
$10,050,690
-7.6% YoY
Effective rate
2.14%
On assessed value
Assessed land
$5,109,520
Assessed improvement
$4,175,038
Land market value
$5,109,520
Improvement market value
$4,175,038
Total market value
$9,284,558
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
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Stories
5
Total area
45,704 SF
Lot
2.16 ac (93,924 SF)
APN
221010217
UPID
US82-4851648
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
1973
Construction
CONCRETE
Heating
NONE
Stories
5
Lot
2.16 ac
Current owner
From public records · entity-resolved
5205 Acquisitions LLC
Entity
Free & Clear · 9 yrs held
Mailing address
3724 JEFFERSON ST STE #210, AUSTIN, TX 78731-6221
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2017
—
5205 Acquisitions LLC
Farahani,manny
Quit Claim Deed
—
Jun 11, 2007
—
Asc Of Bearcreek Properties Ltd
Austin 1825 Fortview
Grant Deed
—
Jun 2, 2000
—
Austin 1825 Fortview INC
Shoal Properties Ltd
Grant Deed
$3,000,000 · Lutheran Brotherhood
—
—
Asc Of Bearcreek Properties Ltd
—
Deed Of Trust
related
$4,425,000 · Southside Bank
—
—
Asc Of Bearcreek Properties Ltd
—
Deed Of Trust
related
$2,500,000 · Southside Bk
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.
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