San Antonio Office Building For
1117-1123 Patricia Dr San Antonio, TX
1117-1123 Patricia Dr, San Antonio, TX, 00000
Contact for pricing
For Sale
Contact for pricing
Office building near Blanco and West Ave, San Antonio, TX.
Property Size9,400 SF
Lot Size0.50 Acres
Price / SF$170.21
Days on Market1060
Property Features for 1117-1123 Patricia Dr
General Information
- Standard status
- Active
- Size
- 9,400 SF
- Lot size
- 0.50 Acres
- Property subtype
- OFFICE
Listing Agency
Endura Advisory Group
(210) 289-0044
Listed by
Rick LaGrange · License #484122
(210) 289-0044
Source
Moodyscre
Added: Aug 25, 2023 Checked: Jul 17 at 3:51 am
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 Endura Advisory Group
Investment Insights
Based on property information with market context.
This office building is located near Blanco and West Avenue, in proximity to Churchill High School. The property is fully equipped with HVAC. The roof was replaced and the parking area was resurfaced in 2019. The building is currently occupied by two tenants with leases expiring between 2027 and 2029. The property has a size of 9,400 square feet.
Key Highlights
- Located near Blanco and West Ave, near Churchill High School
- Two tenants - Lease Expires 2027‑2029
- New roof and parking resurfaced in 2019
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.6k | $22.08 |
| − Vacancy | −$36.7k | −$3.91 |
| EGI | $170.8k | $18.17 |
| − OpEx | −$42.7k | −$4.54 |
| NOI | $128.1k | $13.63 |
9,400 SF · lease $22.08/SF/yr · vacancy 17.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
NOI $128,111 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,845 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building near Blanco and West Ave, San Antonio, TX.
Where is this office building located?
The property is located at 1117-1123 Patricia Dr San Antonio, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Located near Blanco and West Ave, near Churchill High School; Two tenants - Lease Expires 2027‑2029; New roof and parking resurfaced in 2019
