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Property profile & analytics
OFF-MARKET Estimated value $605,000
Medical Office Space

805 32nd St Austin, TX 78705-2537

7,960 SF 0.36 ac lot Built 1972
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-0784420
Property summary
AI-generated overview

This exceptional 4,035-square-foot medical office building, located at 805 E 32nd Street in Austin, Texas, presents a unique investment opportunity. Built in 1992 and extensively renovated in 2019, the property boasts a modern and functional design perfectly suited for a medical practice or professional office. The building features a single-tenant occupancy across two stories, offering ample space for a variety of medical uses. The entire 4,035 square feet is currently vacant, providing immediate occupancy for a new tenant. The convenient location in central Austin offers excellent visibility and accessibility, with easy access to Interstate 35 and St. David's Hospital. A significant advantage is the inclusion of free drive-up parking, enhancing the convenience for both patients and staff. The property's layout is specifically designed to be ideal for a physician group or other professional office seeking a well-maintained and strategically located space in a thriving Austin neighborhood. Situated in Travis County, with a 78705 zip code, this property offers a compelling combination of location, functionality, and modern amenities. The building's recent renovation ensures that it meets the highest standards of modern medical office space.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1972
Total area 7,960 SF
Lot 0.36 ac (15,499 SF)
APN 215060819
UPID US82-0784420
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
  • Prime Clinic Medical Clinic
  • Pete Garcia Md Physician
  • Austin Fertility & OB/GYN Center Medical Clinic
  • Allen Lambert, LCSW-S, CGP Crisis Center Medical Clinic
  • Susan Harnden Lmsw Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$706k
Blend (final) Blend
$605k
Owner & transaction history
Hb512 LLC · 6 yrs held
Hb512 LLC
since 2019
5 recorded transactions
2019
Price N/A
2016
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.0M +30.5%
Retail stores $950,000 +23.3%
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