For Sale
$2,350,000

16040 Park Valley Dr, Suite 222 Round Rock, TX 78681

Fully leased, high-income medical office.

Source: https://asterra.com

Overview

Added:
Mar 27
Days on market:
32
Exceptional investment opportunity: This 6,000 square foot medical condo in Round Rock, TX (78681), located at 16040 Park Valley Dr, Suite 222, presents a compelling opportunity for investors seeking a stable, high-yield asset. Currently fully leased to two reputable medical tenants with long-term leases, this property generates a substantial net operating income of $145,812 annually. The triple-net lease structure minimizes owner responsibilities and offers significant tax advantages, including depreciation write-offs. Situated in the prime Round Rock Medical District, directly across from St. David's Round Rock Medical Center and with convenient access to I-35 via FM 620, this property boasts high visibility and accessibility. The modern and beautifully appointed interior features state-of-the-art medical facilities, ensuring appeal to both healthcare providers and patients. This is an ideal 1031 exchange opportunity, offering a strong return on investment in a growing healthcare market. The property benefits from the state of Texas's favorable tax environment, with no state or investment tax. This turnkey investment provides a hassle-free stream of passive income with significant potential for appreciation.

Highlights

  • Fully leased 6,000 sq ft medical condo in Round Rock, TX, generating $145,812 NOI.
  • Prime location directly across from St. David's Round Rock Medical Center, offering high visibility.
  • Exceptional 1031 exchange opportunity with strong, long-term medical tenants and Texas tax benefits.

Property Details for 16040 Park Valley Dr, Suite 222

Property type
Residential offices, Office properties
Square Feet
6,000 SF
Price / Square Foot
$391.67
Class
B
Year Built
2008
Buildings
1
Stories
2
Total Parking Spaces
30
Elevators
N/A
Net Rentable (sq. ft)
6,000 SF
Net Operating Income
$145,812

Location Insight

City
Round Rock
County
State
Texas

FAQs

What type of property is this?
Residential office - Fully leased, high-income medical office.
Where is the residential office located?
The property is located at 16040 Park Valley Dr, Suite 222 Round Rock, TX.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Fully leased 6,000 sq ft medical condo in Round Rock, TX, generating $145,812 NOI.; Prime location directly across from St. David's Round Rock Medical Center, offering high visibility.; Exceptional 1031 exchange opportunity with strong, long-term medical tenants and Texas tax benefits.
How can I contact the broker?
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16040 Park Valley Dr, Suite 222
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