Fully Leased Medical Office
New
For Sale
$2,500,000
10423 State Highway 151, San Antonio, TX 78251
An established medical tenant currently occupies the condominium.
Property Size5,436 SF
Price / SF$459.90
Days on Market7
Property Features for 10423 State Highway 151
General Information
Standard status
Active
Size
5,436 SF
Property subtype
Commercial
Occupancy
100%
Building Details
Year Built
2013
Listing Agency:
TX SOLD, LLC
Listed By:
Homecity Real Estate
(210) 496-4949
Source:
Homecity
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 7 at 12:07PM
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 TX SOLD, LLC
Investment Insights
Based on property information with market context.
This 5,436-square-foot medical office condominium was built in 2013 and is fully leased to an established medical tenant. The property is located at 10423 State Highway 151 in San Antonio, Texas.
Key Highlights
- 5,436‑square‑foot medical office condominium
- Fully leased to an established medical tenant
- Built in 2013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,087
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,481,740
$1.5M
Cap Rate 7%
$1,058,386
$1.1M
Cap Rate 9%
$823,189
$823.2K
Market Conditions
NOI Build-Up for 5,436 SF
Gross rent
$120.0K $22.08/SF
− Vacancy
−$21.2K −$3.91/SF
EGI
$98.8K $18.17/SF
− OpEx
−$24.7K −$4.54/SF
NOI
$74.1K $13.63/SF
Area
ZIP 78251
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 Rate 5%
$1,481,740
Cap Rate 7%
$1,058,386
Cap Rate 9%
$823,189
Alternative Uses
Best Use
Office B
$1.06M
$926.1K – $1.23M
NOI $74,087 @ 7.0% cap · market cap 2.96%
Second Best
Healthcare Medical
$1.01M
$880.6K – $1.17M
NOI $70,451 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,064 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78251, TX
58,836
Population
22,945
Households
2.6
Avg Household Size
33
Median Age
33%
College-Educated
92%
High-School Grad
15.0 sq mi
ZIP Area
3,922
Density / Sq Mi
$78,025
Median Household Income
$42,396
Median Earnings
$1,371
Median Rent
$243,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in San Antonio, TX
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Similar Off Market Nearby
- VCA Animal Hospitals Urgent Care - Northwest San Antonio — 9710 TX-151 Suite 105, San Antonio, TX 78251
Frequently Asked Questions
What type of property is this?
Medical Office Space - An established medical tenant currently occupies the condominium.
Where is this medical office space located?
The property is located at 10423 State Highway 151 San Antonio, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 5,436‑square‑foot medical office condominium; Fully leased to an established medical tenant; Built in 2013
