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Property profile & analytics
OFF-MARKET
Estimated value
$8,790,000
Medical Office Space
901 38th St Austin, TX 78705-1163
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US82-2928432
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
83,100 SF
Lot
1.62 ac (70,567 SF)
APN
218030116
UPID
US82-2928432
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
-
ARA Diagnostic Imaging - Midtown / Theranostics Center / Interventional Radiology Center Medical Clinic
-
Ashley Gordon, MD, FACS Physician Medical Clinic
-
Comfort Inn Hotel & Motel
-
Texas Oncology-Austin Brain Tumor Center Medical Clinic Hospital
-
Jason M. Melear, M.D. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.71M
Blend (final)
Blend
$8.79M
Owner & transaction history
Camco Building I Ltd · 21 yrs held
Camco Building I Ltd
since 2004
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.9M
+47.8%
Restaurant
$11.4M
+41.3%
Office building
$10.5M
+30.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,060,000
Current use
AUTO REPAIR, GARAGE
$11,915,000
Change: +48% · Conversion: Difficult
RESTAURANT
$11,390,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$10,525,000
Change: +31% · Conversion: Easy
RETAIL STORES
$9,940,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$8.79M
Range $7.91M – $9.67M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$106 / 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
$877,079
Tax year 2022
Assessed value
$42,216,922
Assessed 2023
Previous assessed
$44,410,802
-4.9% YoY
Effective rate
2.08%
On assessed value
Assessed land
$7,056,600
Assessed improvement
$35,160,322
Land market value
$7,056,600
Improvement market value
$35,160,322
Total market value
$42,216,922
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
Off-Market
Year built
2003
Heating
NONE
Buildings
2
Stories
4
Total area
83,100 SF
Lot
1.62 ac (70,567 SF)
APN
218030116
UPID
US82-2928432
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$11.9M
RESTAURANT
Est. value
$11.4M
OFFICE BUILDING
Est. value
$10.5M
RETAIL STORES
Est. value
$9.9M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
4
Buildings
2
Lot
1.62 ac
Current owner
From public records · entity-resolved
Camco Building I Ltd
Individual
Mailing address
1016 MOPAC CIR STE #102, AUSTIN, TX 78746-6810
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2004
—
Camco Building I Ltd
Camco Land Ltd
Quit Claim Deed
related
$17,850,000 · Western-sthrn Life Assurance C
—
—
Camco Building I Ltd
—
Deed Of Trust
related
$23,750,000 · Miscellaneous Ins Co
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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