Medical Office Across From
For Sale
$1,825,000
204 W Windcrest Dr, Fredericksburg, TX 78624
Commercial Sale, Fredericksburg, TX
Property Size7,144 SF
Lot Size0.88 Acres
Price / SF$255.46
Days on Market548
Property Features for 204 W Windcrest Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Subdivision
Crestwind
Elementary school district
Fredericksburg
Middle school district
Fredericksburg
High school district
Fredericksburg
Standard status
Active
Lot size
0.88 Acres
Taxes and HOA fees
Tax Annual Amount
13247
Listing Agency:
Real Estate Advisory Team, LLC
(830) 997-3400
Listed By:
Clay Sears · License #9011766
(830) 456-4348
Added: Apr 8, 2025
Changed: Sep 13
Last Checked: Oct 7 at 7:06AM
MLS# 97394
Copyright © 2026 Central Hill Country Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,144 SF medical office building occupies a 38,332 SF C-1 zoned lot and is configured for healthcare operations. The first floor contains 9 exam rooms, 3 private offices, a reception and waiting area, 3 half bathrooms, a break room, file rooms, a nurses station, and storage. The second floor adds an office, storage, a full bathroom, laundry, and a kitchenette.
The property is directly across the street from Methodist Hospital Hill Country in Fredericksburg. A paved lot serves front-of-house parking, while covered spaces at the rear provide employee parking. The building’s two-level arrangement and existing medical-oriented rooms offer a clearly defined office configuration for healthcare users.
The property is directly across the street from Methodist Hospital Hill Country in Fredericksburg. A paved lot serves front-of-house parking, while covered spaces at the rear provide employee parking. The building’s two-level arrangement and existing medical-oriented rooms offer a clearly defined office configuration for healthcare users.
Key Highlights
- 7,144 SF medical office building on a 38,332 SF C‑1 zoned lot
- 9 exam rooms and 3 private offices on the first floor
- Reception and waiting area, nurses station, file rooms, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,480
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,909,600
$1.9M
Cap Rate 7%
$1,364,000
$1.4M
Cap Rate 9%
$1,060,889
$1.1M
Market Conditions
NOI Build-Up for 7,144 SF
Gross rent
$169.7K $23.76/SF
− Vacancy
−$42.4K −$5.94/SF
EGI
$127.3K $17.82/SF
− OpEx
−$31.8K −$4.46/SF
NOI
$95.5K $13.37/SF
Area
Gillespie County, TX
Vacancy
25.00%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,909,600
Cap Rate 7%
$1,364,000
Cap Rate 9%
$1,060,889
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,480 @ 7.0% cap · market cap 5.23%
Second Best
Healthcare Medical
$773.2K
$676.6K – $902.1K
NOI $54,126 @ 7.0% cap · market cap 2.97%
Theoretical Best
Hotel Hospitality
$5.41M
$4.73M – $6.31M
NOI $378,703 @ 7.0% cap · market cap 20.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78624, TX
23,080
Population
12,421
Households
1.9
Avg Household Size
52
Median Age
37%
College-Educated
89%
High-School Grad
742.3 sq mi
ZIP Area
31
Density / Sq Mi
$67,987
Median Household Income
$37,047
Median Earnings
$1,347
Median Rent
$439,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing layout includes exam rooms, private offices, reception, storage, and staff areas.
Where is this medical office space located?
The property is located at 204 W Windcrest Dr Fredericksburg, TX.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: 7,144 SF medical office building on a 38,332 SF C‑1 zoned lot; 9 exam rooms and 3 private offices on the first floor; Reception and waiting area, nurses station, file rooms, and storage
