3500 Parmer Ln Austin, TX 78754
This premier Austin, TX medical office development, located at 3500 E Parmer Ln, 78754, offers 1,500,000 square feet across six buildings with 37 stories. The property features flexible suites ranging from 105,000 to 665,400 contiguous square feet, with a total of 1,534,600 square feet currently vacant. Ceiling heights range from 17'0" to 18'0". The development boasts a strategic location in Travis County's Tech Ridge area, directly across from Samsung Austin Semiconductor and less than 30 minutes from Tesla's Gigafactory. This prime location offers easy access to Austin Executive Airport and major highways, placing it within a five-mile radius of numerous corporate businesses, including Dell, General Motors, 3M, and Apple. The development is part of a larger mixed-use project encompassing over 425 acres, including retail, restaurants, a 1.4-acre village green with an amphitheater, a 150-acre wooded preserve with extensive trails, and residential units. Parking is provided at a ratio of 4 spaces per 1,000 square feet. The property is ideal for medical office users seeking a modern, amenity-rich environment in a thriving technological hub. This large-scale development offers a unique opportunity to establish a significant presence in Austin's dynamic commercial real estate market.
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United Christian Church Church
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The Janis Real Estate Agency
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EastVillage Shopping Center & Mall
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EastVillage ATX Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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