Medical Office
New
For Sale
$5,350,000
7355 Barlite Blvd, San Antonio, TX 78224
Commercial healthcare space located in San Antonio, Texas.
Property Size22,170 SF
Days on Market6
Property Features for 7355 Barlite Blvd
General Information
Standard status
Active
Size
22,170 SF
Class
C
Property subtype
Office - Medical Office
Building Details
Building Size
22,170 SF
Year Built
1983
Year Renovated
2025
Units
15
Listing Agency:
Encore Real Estate Investment Services
(248) 702-0626
Listed By:
Dan Lewkowicz
Source:
Commercialcafe
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 11:26PM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This medical office property is located at 7355 Barlite Blvd in San Antonio, Texas. The building was constructed in 1983 and is identified as medical office space, supporting a focused healthcare-oriented use profile.
The property is situated within San Antonio, the seat of Bexar County and the center of the San Antonio–New Braunfels metropolitan area. The city is also home to the South Texas Medical Center, described as the region’s medical research and care provider. The address provides a clear San Antonio location for evaluation by healthcare and office users.
The property is situated within San Antonio, the seat of Bexar County and the center of the San Antonio–New Braunfels metropolitan area. The city is also home to the South Texas Medical Center, described as the region’s medical research and care provider. The address provides a clear San Antonio location for evaluation by healthcare and office users.
Key Highlights
- Medical office space at 7355 Barlite Blvd, San Antonio, TX 78224
- Building constructed in 1983
- Located in San Antonio, the seat of Bexar County
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$302,152
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,043,040
$6.0M
Cap Rate 7%
$4,316,457
$4.3M
Cap Rate 9%
$3,357,244
$3.4M
Market Conditions
NOI Build-Up for 22,170 SF
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.
Gross rent
$489.5K $22.08/SF
− Vacancy
−$86.6K −$3.91/SF
EGI
$402.9K $18.17/SF
− OpEx
−$100.7K −$4.54/SF
NOI
$302.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,043,040
Cap Rate 7%
$4,316,457
Cap Rate 9%
$3,357,244
Alternative Uses
Best Use
Office B
$4.32M
$3.78M – $5.04M
NOI $302,152 @ 7.0% cap · market cap 5.65%
Second Best
Healthcare Medical
$3.65M
$3.20M – $4.26M
NOI $255,718 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$5.66M
$4.95M – $6.60M
NOI $395,863 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78224, TX
21,759
Population
7,034
Households
3.1
Avg Household Size
31
Median Age
12%
College-Educated
76%
High-School Grad
15.3 sq mi
ZIP Area
1,422
Density / Sq Mi
$57,965
Median Household Income
$33,535
Median Earnings
$1,132
Median Rent
$138,800
Median Home Value
Market
Vacancy Rate% for Office in San Antonio, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial healthcare space located in San Antonio, Texas.
Where is this medical office space located?
The property is located at 7355 Barlite Blvd San Antonio, TX.
What is the asking price?
The asking price for this property is $5,350,000.
What are key features of this property?
This property features: Medical office space at 7355 Barlite Blvd, San Antonio, TX 78224; Building constructed in 1983; Located in San Antonio, the seat of Bexar County
