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16040 Park Valley Dr
Round Rock, TX 78681
Stand Alone Single Tenant NNN Medical Buildin · Office Property For Sale
Executive Summary
Great fully leased stand alone single tenant medical office condo building. Leased to a neurology practice that has been operating in the building for 20+ years. Adjacent to St. David's Hospital Round Rock, Tx. Strong demographics. Strong existing referral network. Tenant made recent tenant improvements. Value: The condo association manages the building common elements. Costs are passed through to tenant. Low medical office vacancy in the area. Would be great for a 1031 buyer or investor looking for a stabilized low management asset.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,642 SF
Building Class
B
Year Built/Renovated
2005/2023
Price
$6,104,280 CAD
Price Per SF
$573.60 CAD
Cap Rate
6.40%
NOI
$390,897 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,642 SF
Building FAR
0.07
Lot Size
3.68 AC
Zoning
PUD
Parking
58 Spaces (5.45 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | R471496 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,760,660 CAD | Total Assessment | $2,760,660 CAD |
Property Taxes
Parcel Number
R471496
Land Assessment
$2,760,660 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,760,660 CAD
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