San Antonio Office Building For
For Sale
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1117-1123 Patricia Dr, San Antonio, TX
Office building near Blanco and West Ave, San Antonio, TX.
Property Size9,400 SF
Lot Size0.50 Acres
Price / SF$170.21
Days on Market1151
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) 366-2222
Listed By:
Rick LaGrange · License #484122
(210) 289-0044
Source:
Moodyscre
Added: Aug 25, 2023
Changed: Oct 4
Last Checked: Oct 16 at 10:10AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,111
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,562,220
$2.6M
Cap Rate 7%
$1,830,157
$1.8M
Cap Rate 9%
$1,423,456
$1.4M
Market Conditions
NOI Build-Up for 9,400 SF
Gross rent
$207.6K $22.08/SF
− Vacancy
−$36.7K −$3.91/SF
EGI
$170.8K $18.17/SF
− OpEx
−$42.7K −$4.54/SF
NOI
$128.1K $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 Rate 5%
$2,562,220
Cap Rate 7%
$1,830,157
Cap Rate 9%
$1,423,456
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Antonio, TX
Frequently Asked Questions
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
