7007 Hart LnAustin, TX 78731

Property Details for 7007 Hart Ln

Year built

1968

Lot size

0.17 AC

Property size (Sq ft)

1,838 SF

Property type

Medical offices

Property subtype

Medical centers

APN

137020102

APU

137020102

Description

This exceptional 2,371 square foot medical office building in Austin, Texas, is offered at $1,750,000. Built in 1968, this two-story, fee-simple property sits on a 0.165-acre lot (7,187 square feet) and boasts a desirable location across from Murchison Middle School on Hart Lane, just a tenth of a mile from Far West Boulevard's numerous amenities. The building's zoning is LR. The interior features a well-appointed dental finish-out including six operatories, a lab, sterilization area, office/flex space, a front desk, and a spacious reception area. Upstairs provides additional office space and storage. The property benefits from its location in the affluent Northwest Hills neighborhood, close to the 183/Loop 1 corridor's many office complexes and a strong residential population. The building is currently 100% occupied by a single tenant. Detailed lease information is available upon request. The property's APN is 133797. The price per square foot is $738.09, and the land value per square foot is $243.48. The property includes central heating and air conditioning. The roof condition is unknown.

• CAP approach

  CAP return

  Valuation

  6%

  $436,463

  6.5%

  $402,889

  7%

  $374,111

• Comparable approach

  Method

  Valuation

  Relative Method

  $550,279

  Geo Method

  $550,279

• Alternative Use

  Use

  Valuation

  Residential

  $499,583

  Hospitality

  $457,615

  Educational

  $380,730

  Medical

  $393,824

  Retail

  $592,247

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3535

Longitude

-97.7573

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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