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Property profile & analytics
FOR LEASE
Medical Office Space
3705 Medical Pkwy Austin, TX 78705
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2319843
For Lease
1 / 2
Contact for pricing
3705 Medical Pkwy, Austin, TX 78705
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Total area
101,070 SF
Lot
0.85 ac (37,052 SF)
APN
219011811
UPID
US82-2319843
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
-
Kay Bryant, PhD Physician Medical Clinic
-
Tanuj Nakra, MD Physician Medical Clinic
-
TOC Eye and Face Medical Clinic Ophthalmologist
-
Dr. Vikram David Durairaj Ophthalmologist
-
Dr. Sean M. Blaydon Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.47M
Owner & transaction history
Hr 3705 Medical Parkway LLC · 3 yrs held
Hr 3705 Medical Parkway LLC
since 2023
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$24 / 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
$382,069
Tax year 2022
Assessed value
$19,512,161
Assessed 2023
Previous assessed
$19,346,000
+0.9% YoY
Effective rate
1.96%
On assessed value
Assessed land
$3,705,300
Assessed improvement
$15,806,861
Land market value
$3,705,300
Improvement market value
$15,806,861
Total market value
$19,512,161
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
1986
Heating
NONE
Stories
5
Total area
101,070 SF
Lot
0.85 ac (37,052 SF)
APN
219011811
UPID
US82-2319843
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
1986
Heating
NONE
Stories
5
Lot
0.85 ac
Current owner
From public records · entity-resolved
Hr 3705 Medical Parkway LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3310 W END AVE STE 700TH NASHVILLE
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 8, 2023
—
Hr 3705 Medical Parkway LLC
3705 Medical Parkway Professional B
Assignment Of Lease (leasehold Sale)
—
—
—
Obstetrics Balcones
—
Deed Of Trust
related
$536,452 · American Bank Of Texas
—
—
Dermatology Assocs Pa Austin
—
Deed Of Trust
related
$483,635 · American Bank Of Texas
—
—
Obstetrics Balcones
—
Deed Of Trust
related
$109,637 · American Bank Of Texas
—
—
Obstetrics Balcones
—
Deed Of Trust
related
$180,581 · American Bank Of Texas
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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