Medical Office Condo with Vacant
For Sale
Contact for pricing
10007 Huebner Rd Building 2, San Antonio, TX 78240
Medical office condo includes a leased portion and a vacant clinical suite.
Property Size11,000 SF
Price / SF$320.91
Days on Market14
Property Features for 10007 Huebner Rd Building 2
General Information
Standard status
Active
Size
11,000 SF
Property subtype
Office
Occupancy
50%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$132,275
Building Details
Year Built
2013
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Partners
(512) 580-6025
Listed By:
Nicholas Moss · License #780759
Source:
Crexi
Added: Aug 11
Changed: Aug 23
Last Checked: Aug 22 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Partners
Investment Insights
Based on property information with market context.
This 11,000 SF medical office condominium occupies Building 2 at 10007 Huebner Road and was constructed in 2013. The property includes Suite 203, a 5,500 SF vacant space configured for medical office use with treatment rooms for minor procedures.
The remaining portion is leased to American Health Imaging through 12/31/2028 under an NNN lease structure. The building is located in the South Texas Medical Center, providing a medical-office setting for the existing leased and vacant components.
The remaining portion is leased to American Health Imaging through 12/31/2028 under an NNN lease structure. The building is located in the South Texas Medical Center, providing a medical-office setting for the existing leased and vacant components.
Key Highlights
- 11,000 SF medical office condominium built in 2013
- Vacant 5,500 SF Suite 203 with treatment rooms for minor procedures
- American Health Imaging lease runs through 12/31/2028
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$149,918
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,998,360
$3.0M
Cap Rate 7%
$2,141,686
$2.1M
Cap Rate 9%
$1,665,756
$1.7M
Market Conditions
NOI Build-Up for 11,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$242.9K $22.08/SF
− Vacancy
−$43.0K −$3.91/SF
EGI
$199.9K $18.17/SF
− OpEx
−$50.0K −$4.54/SF
NOI
$149.9K $13.63/SF
Area
San Antonio, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,998,360
Cap Rate 7%
$2,141,686
Cap Rate 9%
$1,665,756
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.50M
NOI $149,918 @ 7.0% cap · market cap 4.25%
Second Best
Healthcare Medical
$1.81M
$1.59M – $2.11M
NOI $126,878 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$2.81M
$2.46M – $3.27M
NOI $196,414 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78240, TX
56,112
Population
27,713
Households
2
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
11.2 sq mi
ZIP Area
5,010
Density / Sq Mi
$62,203
Median Household Income
$41,812
Median Earnings
$1,283
Median Rent
$245,100
Median Home Value
Market
Vacancy Rate% for Office in San Antonio, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- MPC of Texas Mobile Clinic — 4927 Golden Quail, San Antonio, TX 78240
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condo includes a leased portion and a vacant clinical suite.
Where is this medical office space located?
The property is located at 10007 Huebner Rd Building 2 San Antonio, TX.
What is the asking price?
The asking price for this property is $3,530,000.
What are key features of this property?
This property features: 11,000 SF medical office condominium built in 2013; Vacant 5,500 SF Suite 203 with treatment rooms for minor procedures; American Health Imaging lease runs through 12/31/2028
