Office Space
4107 Medical Pkwy Austin, TX 78756
Details & Description
Price: $4,900,000
    OVERVIEW4107 Medical Parkway is an excellent investment opportunity located approximately four miles North of Downtown Austin. The property is a newly remodeled two-story professional office building that sits within the booming Central Medical District. Within walking distance to Central Market, Lamar Central, Seton Hospital, Austin Heart Hospital, and many other parks, shops and restaurants.This office building provides easy access to Mopac from 35th or 45th street, allowing quick travel throughout the city.FEATURES Located 4 blocks away from Seton Medical Excellent investment opportunity Easy access to Mopac Walking distance of Central Market and The TrianglePROPERTYProperty TypeOfficeRBA (sf)12300Floors2Typical Floor (sf)5764Year Built1970Renovated2016TenancyMultiConstructionMasonryParking TypeSurfaceParking Ratio3.33Land Area (ac).49ZoningLOABN / Parcel ID217819DETAILS4107 Medical Parkway is an excellent investment opportunity located approximately four miles North of Downtown Austin. The property is a newly remodeled two-story professional office building that sits within the booming Central Medical District. Within walking distance to Central Market, Lamar Central, Seton Hospital, Austin Heart Hospital, and many other parks, shops and restaurants. This office building provides easy access to Mopac from 35th or 45th street, allowing quick travel throughout the city.Sale TypeInvestment OR Owner/UserPrice$3,800,000Current Cap Rate5.3%Current NOI$258,821100% Cap Rate6.3%100% NOI$309,437
    Listing Agents
    Steve Garnett

    M: 512-507-9597
    sgarnett@asterra.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    4107 Medical Pkwy

    Austin, TX 78756

    Listing ID: 160174
    4107 Medical Pkwy Austin, TX 78756 | for Sale | Photo 1
    Building Size: 12,300 SF
    Lot Size: 3.330 AC
    Land Size: 145,054 SF
    Building $/SF: $398.37
    Land $/SF: $33.78
    Price
    $4,900,000
    Description


    OVERVIEW

    4107 Medical Parkway is an excellent investment opportunity located approximately four miles North of Downtown Austin. The property is a newly remodeled two-story professional office building that sits within the booming Central Medical District. Within walking distance to Central Market, Lamar Central, Seton Hospital, Austin Heart Hospital, and many other parks, shops and restaurants.


    This office building provides easy access to Mopac from 35th or 45th street, allowing quick travel throughout the city.



    FEATURES


    Located 4 blocks away from Seton Medical
    Excellent investment opportunity
    Easy access to Mopac
    Walking distance of Central Market and The Triangle


    PROPERTY

    Property Type

    Office

    RBA (sf)

    12300

    Floors

    2

    Typical Floor (sf)

    5764

    Year Built

    1970

    Renovated

    2016

    Tenancy

    Multi


    Construction

    Masonry

    Parking Type

    Surface

    Parking Ratio

    3.33

    Land Area (ac)

    .49

    Zoning

    LO

    ABN / Parcel ID

    217819

    DETAILS

    4107 Medical Parkway is an excellent investment opportunity located approximately four miles North of Downtown Austin. The property is a newly remodeled two-story professional office building that sits within the booming Central Medical District. Within walking distance to Central Market, Lamar Central, Seton Hospital, Austin Heart Hospital, and many other parks, shops and restaurants. This office building provides easy access to Mopac from 35th or 45th street, allowing quick travel throughout the city.


    Sale Type


    Investment OR Owner/User

    Price

    $3,800,000

    Current Cap Rate

    5.3%

    Current NOI

    $258,821

    100% Cap Rate

    6.3%

    100% NOI

    $309,437


    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Austin History of Office Space for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Austin Area Market Trends

    Listing Demographics for 4107 Medical Pkwy Austin, TX 78756

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population16,634144,480343,053
    Population Median Age363435
    Population by Age0-9 Yrs1348 (8%)11576 (8%)37513 (10%)
    10-19 Yrs1171 (7%)18980 (13%)37983 (11%)
    20-29 Yrs5072 (30%)43323 (29%)80453 (23%)
    30-39 Yrs3177 (19%)24862 (17%)64432 (18%)
    40-49 Yrs1859 (11%)16221 (11%)41371 (12%)
    50-59 Yrs1509 (9%)12079 (8%)34158 (9%)
    60-69 Yrs1239 (7%)9878 (6%)26382 (7%)
    70+ Yrs1258 (7%)7562 (5%)20761 (6%)
    Median HH Income$67,161$69,407$64,301
    Total Household Income< 24K1554 (18%)12273 (21%)29710 (21%)
    25-49K1617 (19%)10297 (17%)27007 (19%)
    50-74K1384 (16%)8352 (14%)21646 (15%)
    75-99K776 (9%)5809 (9%)14046 (10%)
    100-199K1895 (22%)12896 (22%)29400 (21%)
    200K+1058 (12%)8750 (14%)17858 (12%)
    Highest Education LevelNo Diploma258451326707
    Diploma or GED723795932680
    Some College14121149732945
    Assoc. Degree24332519345
    Bachelors Degree54463595777092
    Higher Degree40392708253388
    Total Housing Units9,25966,901156,902
    --Owner-Occupied3,16124,16357,622
    --Renter-Occupied5,12434,21482,046
    Owner-Occupied Values< 100K404622159
    100-199K16813875886
    200-299K12227938537
    300-399K39041119460
    400-499K57438927809
    500K+18681151923771
    Total Working Age Population14,643127,173287,190
    In Work Force10,55987,292204,368
    Not In Work Force4,08439,88182,822
    Workforce Employed10,16683,768195,856
    Workforce Unemployed3833,4798,403
    Civlian Workforce10,55087,247204,259
    Military Workforce945109
    Total Households8,28558,377139,668
    Family Households2,94723,07263,338
    Non-Family Households5,33835,30476,330
    Married Couple2,41518,69546,419
    Other Family5324,37716,919
    Married w/Child1,0077,77219,754
    Single Male w/Child795931,721
    Single Female w/Child1771,4076,700

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Travis County812,280+261,024,266+261,291,502+191,540,812

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 4107 Medical Pkwy in Austin?
    The asking price for 4107 Medical Pkwy is $4,900,000
    What is the building size of this Office property in Austin, TX?
    The size of the building/unit at 4107 Medical Pkwy in Austin is 12,300 square feet
    How much land does the Austin, TX property at 4107 Medical Pkwy include?
    4107 Medical Pkwy in Austin includes 3.330 acres of land
    What is the population within 1 mile of 4107 Medical Pkwy in Austin?
    The population within 1 mile of 4107 Medical Pkwy Austin, TX 78756 is 16,634 people.
    Who do I contact for questions about 4107 Medical Pkwy?
    You should contact the listing agent, Steve Garnett, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    3907 Medical Pkwy, Austin, TX $2,950,000 7940 0.32
    709 West 34th Street, Austin, TX CALL 3344 0.17
    3404 Guadalupe Street, Austin, TX CALL 2976 0.26
    5003 Burnet Road, Austin, TX $1,450,000 2706 0.27
    929 East 41st Street, Austin, TX $3,850,000 16387 0.94
    1707 Nueces St, Austin, TX $1,736,000 2480 0.14
    5717 Balcones Dr, Austin, TX CALL 19304 1.83
    6800 Woodrow Ave, Austin, TX CALL 19465 -
    1808 Aldrich Street, Austin, TX CALL 18845 1
    1033 La Posada Drive, Austin, TX CALL 76115 3.11

    Closest Commercial Airports

    Airport Distance (mi)
    Austin Bergstrom International Airport (AUS) 9
    San Antonio International Airport (SAT) 69
    George Bush Intercontinental Houston Airport (IAH) 145
    Price
    $4,900,000
    Listing Agent
    More listings from Steve Garnett
    Featured Local Vendors
    • SUPPORT OUR FREE PLATFORM •
    The below vendors allow us to provide our platform at no cost. Please consider their services when needed.
    • Title Company •
    Capstone Title logo
    Talk to an escrow officer today!
    • Property Inspection •
    Waxwing Inspections logo
    We find what you may have missed!
    • Environmental Studies •
    Phase 1 Enviro Pros LLC logo
    Get an Environmental Site Survey!
    • HVAC Contractor •
    Irish Air logo
    Click to stay cool this summer
    • Painting Contractor •
    VS Pro Painting LLC logo
    • Roofing Contractor •
    Crane Customs Roofing  Construction logo
    Repair, replace, maintain. Click here!
    • Roofing Contractor •
    A.L.E Roofing logo
    Repair, replace, maintain. Click here!
    • Roofing Contractor •
    Roof Care Services logo
    Repair, replace, maintain. Click here!

    Share
    Other property types near Austin, TX