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    Medical Office Building with Parking Title is generated by Realmo AI

    401-2040 Babcock Rd, San Antonio, TX 78201

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    For Lease
    $2,271/Mo $21 SF/Yr (calc)

    Renovated medical office space with 24-hour access, controlled entry, and ample on-site parking for patients and staff.

    Property size:
    1,262 SF
    Added:
    Sep 4, 2024
    Days on Market:
    638
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 401-2040 Babcock Rd

    General Information

    Standard status
    Active
    Size
    1,262 SF

    We can help!

    Listing Contact
    Uri Uriah
    Uri Uriah

    Listing agent Uri Uriah License #9002555

    Listing office Uriah Real Estate Organization

    Listing date Sep 4, 2024

    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 Uriah Real Estate Organization

    HighLights

    • Renovated medical office building completed in 2006, offering 32,011 SF across four stories
    • Typical floor size of 8,700 SF with an unfinished ceiling height of 13 feet
    • High‑profile signage opportunities plus 24‑hour access and controlled entry for security
    • Central heating and air conditioning, with high‑speed Wi‑Fi throughout the building
    • Natural light and accent lighting in the office environment
    • On‑site parking includes 96 surface spaces plus additional covered parking

    Overview

    This renovated medical office building offers a professional four-story layout designed for clinical and office use. The space includes an unfinished ceiling height of 13 feet and is enhanced by natural light and accent lighting, creating a bright, welcoming environment. Tenant operations are supported by central heating and air conditioning, high-speed Wi-Fi, and secure, controlled entry, along with 24-hour access for flexible scheduling.

    Positioned in the heart of the Medical Center and directly across from UT Health, the property benefits from high visibility and convenient access for both staff and patients. Signage opportunities are available, supporting strong branding and wayfinding. Parking is designed to accommodate daily demand with 96 surface spaces plus additional covered parking.

    Ideal for practices looking for a turnkey setting in a high-demand medical environment, the building’s configuration and amenities support a range of professional uses where patient access and dependable building systems matter. Its established medical location, parking capacity, and after-hours availability make it a practical option for new practices and growing teams.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Texas Veterinary Hospital — 3493 Fredericksburg Rd, San Antonio, TX 78201
    • Texas Veterinarian Hospital — 106 easthill, san antonio, tx 78201
    • Fredericksburg Road Animal Hospital — san antonio, tx 78201

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.5427669
    Latitude
    29.4731372

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    FAQs

    What type of property is this?
    Medical Office Space - Renovated medical office space with 24-hour access, controlled entry, and ample on-site parking for patients and staff.
    Where is this medical office space located?
    The property is located at 401-2040 Babcock Rd San Antonio, TX.
    What is the lease rate?
    The lease rate is $2,271 /Mo.
    What are key features of this property?
    This property features: Renovated medical office building completed in 2006, offering 32,011 SF across four stories; Typical floor size of 8,700 SF with an unfinished ceiling height of 13 feet; High‑profile signage opportunities plus 24‑hour access and controlled entry for security
    (210) 315-8885
    We can help!
    Listing Contact
    Uri Uriah
    Uri Uriah
    Real Estate License ID: 9002555
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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