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

    2200 Park Bend Dr Austin, TX 78758

    • Office Properties & Spaces
    • 9,822 SF
    • 0.71 lot acres
    For Sale
    View listing
    $11,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3362859
    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

    • Meredith M. Wahl, PT / Medical Clinic
    • Jamie Fauth, RN, PMHNP-BC / Physician
    • Benjamin Winders, MD / Medical Clinic
    • Us Allergy Labs LLC / Medical Clinic
    • Kelly J. Cipparone, RN / Physician

    Property Details for 2200 Park Bend Dr

    Year built
    2007
    Lot size
    0.71 lot acres
    Property size
    9,822 SF
    Property type
    Office Properties & Spaces
    APN
    258130910
    APU
    258130910

    Description

    This exceptional 20,000 square foot medical office building, constructed in 2004, presents a compelling investment opportunity. Located at 2200 Park Bend Dr, Austin, TX 78758, in Travis County, this multi-tenant property boasts 100% occupancy with two long-term tenants, enjoying a strong 6.50% capitalization rate and a Net Operating Income (NOI) of $720,000. The asking price is $11,100,000. The building features a Triple Net (NNN) lease structure, providing a stable and predictable income stream. With 25 parking spaces, the property is conveniently situated within the North Austin Medical Corridor, adjacent to St. David's Medical Center, and within a mile of the Domain and Q2 Stadium. Its GO-MU-CO zoning ensures flexibility and future development potential. The property's strategic location, coupled with its strong tenant base and high occupancy rate, makes it an attractive investment for discerning buyers seeking a stable, high-return asset in a thriving medical market. The two tenants have lease terms of five and seven years remaining, respectively, providing long-term financial security. Easy access to Loop 1 and Interstate 35 ensures convenient access for tenants and visitors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $768,000
      Market price range: $159k - $1.46M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $890,000
      Current use
      RESTAURANT
      $995,000
      Change: +12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.7031
    Latitude
    30.4095
    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
    $67,147
    $308,971
    $3,089,144
    $3,398,115
    -
    $308,971
    $3,089,144
    $3,398,115

    Comparable in this City

    • Value Estimation by Request
      2,690 SF

      2200 Park Bnd Dr103-2

      CONDOMINIUM OFFICES • 2,690 SF
      2200 Park Bnd Dr103-2, Austin, TX 78758-5387
      View Details
    • Value Estimation
      $540,000
      5,134 SF

      12319 Mopac Expy Ste, Unit 100

      CONDOMINIUM OFFICES • 5,134 SF
      12319 Mopac Expy Ste, Austin, TX 78758-2486
      View Details
    • Value Estimation by Request
      7,889 SF

      3200 Gracie Kiltz Ln

      Office Properties & Spaces • 7,889 SF
      3200 Gracie Kiltz Ln, Austin, TX 78758
      View Details
    • Value Estimation by Request
      493 SF

      12319 Mopac Expy, Unit 260

      CONDOMINIUM OFFICES • 493 SF
      12319 Mopac Expy, Austin, TX 78758-2414
      View Details
    • Value Estimation by Request
      2,268 SF

      12410 Limerick Ave

      Day care centers • 2,268 SF
      12410 Limerick Ave, Austin, TX 78758
      View Details
    • Value Estimation by Request
      2,618 SF

      12319 Mopac Expy Ste, Unit 150

      CONDOMINIUM OFFICES • 2,618 SF
      12319 Mopac Expy Ste, Austin, TX 78758-2648
      View Details

    Similar Nearby for Sale

    • $11,100,000
      20,000 SF

      Austin Medical Office Building Investment

      High-yield medical office building in prime Austin location.
      2200 Park Bend Dr, Austin, TX 78758
      View Details
    • $1,125,000
      36,245 SF

      Medical Office Condo Near Domain

      Second-generation medical office condo in a prime North Austin location.
      2319 North Mo Pac Expy, Austin, TX 78758
      View Details
    • $11,100,000
      20,000 SF

      Medical Investment Property For Sale

      100% occupied medical investment property in North Austin Medical Corridor.
      2200 Park Bend Dr, Austin, TX 78758
      View Details
    • Contact for pricing
      0.51 Acres

      Prime Austin Retail Opportunity

      High-traffic Austin retail space for sale.
      8538 Research Blvd, Austin, TX 78758
      View Details
    • Contact for pricing
      2.80 Acres

      Austin Industrial Land - 2.8 Acres

      Prime Austin development land near The Domain.
      9100 United Dr, Austin, TX 78758
      View Details
    • $665,000

      Office/Warehouse on Beck Cir, Austin

      2550 sq ft office/warehouse on .2065 acre lot.
      9615 Beck Cir, Austin, TX 78758
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      520,000 SF

      Austin Executive Office Space

      Prestigious Austin Office Suites Available
      10615 Burnet Rd, Austin, TX 78758
      View Details
    • Contact for pricing
      57,165 SF

      Austin Office Space: Waterford C

      11,702 SF Office Suite Available in Austin, TX
      9229 Waterford Centre Blvd, Austin, TX 78758
      View Details
    • Contact for pricing
      30,340 SF

      Burnet Road Executive Office Space

      Prime Austin Office, 30,340 SF Available
      9120 Burnet Rd, Austin, TX 78758
      View Details
    • $19 SF/Yr
      46,180 SF

      Austin Executive Office Space For Lease

      Premium Austin office space, 10,000-31,896 SF available.
      11009 Metric Blvd, Austin, TX 78758
      View Details
    • Contact for pricing
      25,464 SF

      Austin Executive Office Suites

      Prime Austin location, flexible suites available.
      9415 Burnet Rd, Austin, TX 78758
      View Details
    • Contact for pricing
      59,606 SF

      McKalla 4: Austin Warehouse Space

      Prime Austin warehouse, flexible space available.
      2601 Mchale Ct, Austin, TX 78758
      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.
    2200 Park Bend Dr
    Austin, TX 78758
    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.

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.