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Medical Office Building Near Hospital

204 W Windcrest St, Fredericksburg, TX 78624

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For Sale

$1,900,000

Strategically located medical office building across from Methodist Hospital Hill

Property size:

7,144 SF

Lot size:

0.88 Acres

Price / SF:

$265/SF

HighLights

Prime location directly across from Methodist Hospital Hill Country.
Ideal for medical or healthcare‑related services with existing layout of 9 exam rooms, 3 offices, and nurses station.
Large 7,144 SF building on a 38,332 SF C‑1 zoned lot suitable for various commercial uses.
Well‑maintained building with ample storage, break room, and large reception/waiting area.
Second story includes a large office, storage, full bathroom, laundry room, and kitchenette.
Paved parking lot for patients and covered parking for employees.

We can help!

Contact an agent

Clayton Sears

For Sale

$1,900,000

Strategically located medical office building across from Methodist Hospital Hill

Property size:

7,144 SF

Lot size:

0.88 Acres

Price / SF:

$265/SF

Added:: Apr 8, 2025
Days on Market:: 456
Last Refresh:: Jul 3 at 10:21 pm

Property Features for 204 W Windcrest St

General Information

Standard status: Active
Size: 7,144 SF
Lot size: 0.88 Acres

We can help!

Contact an agent

Clayton Sears

Listing office Real Estate Advisory Team, LLC

Listing date Apr 8, 2025

Source Exprealty

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 Real Estate Advisory Team, LLC

HighLights

Prime location directly across from Methodist Hospital Hill Country.
Ideal for medical or healthcare‑related services with existing layout of 9 exam rooms, 3 offices, and nurses station.
Large 7,144 SF building on a 38,332 SF C‑1 zoned lot suitable for various commercial uses.
Well‑maintained building with ample storage, break room, and large reception/waiting area.
Second story includes a large office, storage, full bathroom, laundry room, and kitchenette.
Paved parking lot for patients and covered parking for employees.

Overview

This 7,144 square foot medical office building is located across the street from Methodist Hospital Hill Country. Situated on a 38,332 square foot C-1 zoned lot, the property is suited for medical or healthcare-related services. The first floor features 9 exam rooms, 3 private offices, a large reception and waiting area, 3 half bathrooms, a break room, file rooms, a nurses station, and storage. The second story includes a large office, storage, a full bathroom, a laundry room, and a kitchenette. The property includes a paved parking lot in the front for patients and covered parking in the back for employees.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$169.7k	$23.76
− Vacancy	−$42.4k	−$5.94
EGI	$127.3k	$17.82
− OpEx	−$31.8k	−$4.46
NOI	$95.5k	$13.37

7,144 SF · lease $23.76/SF/yr · vacancy 25.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,480 @ 7.0% cap · market cap 5.03%

Second Best

Healthcare Medical

$773.2K

$676.6K – $902.1K (±1% cap)

NOI $54,126 @ 7.0% cap · market cap 2.85%

Theoretical Best

Hotel Hospitality

$5.41M

$4.73M – $6.31M (±1% cap)

NOI $378,703 @ 7.0% cap · market cap 19.93%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

South Texas Spinal ... Medical Clinic Texas Hill Country ... Physician Dr. David A. Roberts, ... Pediatrician Richie E Edeen, ... Physician Clint Beicker, MD Physician

Suggested Use

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Location Insight

Map
Local Demand

City: Fredericksburg
County: Gillespie
State: Texas
Longitude: -98.8806
Latitude: 30.2646

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For sale
Medical Office Space
TX
Fredericksburg
78624
204 W Windcrest St

What type of property is this?

Medical Office Space - Strategically located medical office building across from Methodist Hospital Hill

Where is this medical office space located?

The property is located at 204 W Windcrest St Fredericksburg, TX.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: Prime location directly across from Methodist Hospital Hill Country.; Ideal for medical or healthcare‑related services with existing layout of 9 exam rooms, 3 offices, and nurses station.; Large 7,144 SF building on a 38,332 SF C‑1 zoned lot suitable for various commercial uses.