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208 Haley Rd 4,564 SF 100% Leased Office Building Johnson City, TX 78636 $825,000 ($180.76/SF) 7.79% Cap Rate
Investment Highlights
- 100% leased to Baylor Scott & White Healthcare and Blanco County
- Priced below replacement cost for comparable office
- Stabilized medical/office investment in the growing Texas Hill Country
- Credit and government tenancy with scheduled rent increases in both leases
- Adjacent to a nursing home with shared parking - a built-in patient base
Executive Summary
208 Haley Road is a 4,565 SF office/medical building in Johnson City, 100% leased to two tenants and producing about $64,300 in annual NOI. Baylor Scott & White Healthcare anchors the building on a NNN clinic lease (72% of the space); Blanco County holds the balance. Both leases carry scheduled increases. The clinic sits next to a nursing home and shares its parking lot — a built-in patient base for the medical use.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
4,564 SF
Building Class
C
Year Built/Renovated
1989/2018
Price
$825,000
Price Per SF
$180.76
Cap Rate
7.79%
NOI
$64,300
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,564 SF
Building FAR
0.20
Lot Size
0.52 AC
Zoning
Office commercial medical - Office, commercial, medical
Parking
21 Spaces (4.6 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Natural Light
- Outdoor Seating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Baylor Scott & White
- Health Care and Social Assistance
- 3,300 SF
- $16.80
- Triple Net
- Jun 2028
- Blanco County
- Public Administration
- 1,264 SF
- $14.24
- Modified Gross
- Aug 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Baylor Scott & White | Health Care and Social Assistance | 3,300 SF | $16.80 | Triple Net | Jun 2028 | |
| Blanco County | Public Administration | 1,264 SF | $14.24 | Modified Gross | Aug 2028 |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R83569 | Improvements Assessment | $858,440 |
| Land Assessment | $157,450 | Total Assessment | $1,015,890 |
Property Taxes
Parcel Number
R83569
Land Assessment
$157,450
Improvements Assessment
$858,440
Total Assessment
$1,015,890
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208 Haley Rd
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