16040 Park Valley DrRound Rock, TX 78681

Property Details for 16040 Park Valley Dr

Year built

2005

Lot size

3.68 AC

Property type

Other commercial real estate

APN

R-16-4982-0000-0000

APU

R16498200000000

Description

This exceptional 6,000 square foot Class B medical office condo in Round Rock, Texas, presents a compelling investment opportunity. Located 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. Built in 2008, the building features a masonry construction and offers ample parking at a ratio of 5.42 spaces per 1,000 square feet. Currently 100% occupied by two medical tenants under long-term triple net (NNN) leases, this property provides a stable and predictable income stream. Lease expirations are February 2028 and December 2025, with a 3% annual escalation clause built into each lease. The Net Operating Income (NOI) is $141,564. This is a 1031 exchange eligible property, offering significant tax advantages. The property's strong tenants, prime location, and favorable lease terms make it an ideal investment for those seeking a passive income stream with significant appreciation potential. The sale price is subject to offer. This turnkey investment offers a hassle-free approach to owning a high-performing medical office property in a thriving Texas market. The building features beautiful custom interiors and state-of-the-art medical facilities. Texas offers no state or investment tax.

• Alternative Use

  Use

  Valuation

  Residential

  $40,021,524

  Hospitality

  $36,659,504

  Educational

  $30,500,276

  Medical

  $31,549,226

  Retail

  $47,444,872

Location Insight

City

Round Rock

County

Williamson

State

Texas

Latitude

30.5125

Longitude

-97.7144

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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