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Property profile & analytics
OFF-MARKET
Specialty properties

3500 Parmer Ln Austin, TX 78754

1,500,000 SF
Property ID
US82-4144336
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Total area 1,500,000 SF
UPID US82-4144336
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
  • United Christian Church Church
  • The Janis Real Estate Agency
  • EastVillage Shopping Center & Mall
  • EastVillage ATX Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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