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Property profile & analytics
FOR LEASE
Medical Office Space
720 W 34Th St Austin, TX 78705
Individually Owned
15-yr Hold
Free & Clear
Property ID
US82-0772027
For Lease
Contact for pricing
720 W 34Th St, Austin, TX 78705
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Total area
23,660 SF
Lot
1.58 ac (68,942 SF)
APN
218030355
UPID
US82-0772027
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
-
Paragon Fusion Medical Clinic
-
Paragon Austin Infusion Center Medical Clinic
-
Weston Robert MD Physician
-
Eben Soliz, PA Physician
-
Allergy & Asthma Consultants Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
34th & West 2011 Ltd · 15 yrs held
34th & West 2011 Ltd
since 2011
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
$46 / 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
$160,213
Tax year 2022
Assessed value
$7,758,636
Assessed 2023
Previous assessed
$8,112,352
-4.4% YoY
Effective rate
2.06%
On assessed value
Assessed land
$5,859,985
Assessed improvement
$1,898,651
Land market value
$5,859,985
Improvement market value
$1,898,651
Total market value
$7,758,636
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
2013
Heating
NONE
Stories
2
Total area
23,660 SF
Lot
1.58 ac (68,942 SF)
APN
218030355
UPID
US82-0772027
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
2013
Heating
NONE
Stories
2
Lot
1.58 ac
Current owner
From public records · entity-resolved
34th & West 2011 Ltd
Individual
Free & Clear · 15 yrs held
Mailing address
2705 BEE CAVES RD STE #230, AUSTIN, TX 78746-5685
Ownership since
2011
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
May 25, 2011
—
34th & West 2011 Ltd
720 West 34th Street Operating
Quit Claim Deed
—
Sep 20, 1999
—
720 W 34th St Operating Ltd
34th & West Investment Partner
Quit Claim Deed
related
$1,400,000 · Money Store Commercial Mtg
—
—
720 West 34th Street Operating
—
Deed Of Trust
related
$1,200,000 · Ironstone Bank
—
—
34th & West 2011 Ltd
—
Loan Modification
related
$4,045,953 · Texas Cap Bk
—
—
34th & West 2011 Ltd
—
Loan Modification
related
$4,425,000 · Texas Cap 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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