805 32Nd StAustin, TX 78705

  • Healthcare properties
  • 7,960 SF
For Lease
$32/SF/YR View listing

Property Details for 805 32Nd St

Year built
1972
Lot size
0.36 AC
Property size (Sq ft)
7,960 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
215060819
APU
215060819

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,861,951
    6.5%
    $2,641,801
    7%
    $2,453,101
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,383,144
    Geo Method
    $2,383,144
  • Alternative Use

    Use
    Valuation
    Residential
    $3,275,834
    Hospitality
    $3,000,646
    Educational
    $2,496,502
    Medical
    $2,582,361
    Retail
    $3,883,448
805 32Nd St, Austin, Texas

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.2914
Longitude
-97.7286
CBSA code
12420
CBSA name
AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$75,025
$1,550,000
$1,870,881
$3,420,881
-
$1,550,000
$1,870,881
$3,420,881

FAQs

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