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    San Antonio Multi-Tenant Office Building Title is generated by Realmo AI

    14310 Northbrook Dr, San Antonio, TX

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    Multi-tenant office building near Highway 281 and downtown San Antonio.

    Type:OFFICE
    Property size:
    22,214 SF
    Lot size:
    1.27 Acres
    Price / SF:
    $180/SF
    Added:
    Mar 28, 2022
    Days on Market:
    1535
    Last Refresh:
    May 20 at 9:33 pm

    Property Features for 14310 Northbrook Dr

    General Information

    Standard status
    Active
    Size
    22,214 SF
    Lot size
    1.27 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Elize Valdez Pruske
    Elize Valdez Pruske

    Listing agent Elize Valdez Pruske License #0367619

    Listing office EP Commercial Real Estate

    Listing date Mar 28, 2022

    Source Moodyscre

    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 EP Commercial Real Estate

    HighLights

    • Immediate cash‑flow with 74% occupancy and long‑term tenants.
    • Convenient location less than a mile from Highway 281 and minutes from downtown San Antonio and the airport.
    • Opportunity to add value by increasing occupancy.
    • Well‑maintained asset.
    • Suitable for both investors and owner‑occupiers.
    • Diverse tenant mix including dentists, CPAs, financial advisors, and lawyers.

    Overview

    Independence Plaza III is a multi-tenant office building located in San Antonio, Texas, constructed in 1999. The property is situated less than a mile from Highway 281 and minutes from downtown San Antonio, providing tenants and clientele with convenient access to San Antonio’s downtown district, retail areas, and San Antonio International Airport. The building is currently 74 percent occupied by a mix of professional tenants, including dentists, certified public accountants, financial advisors, and lawyers. The property offers immediate cash flow and the potential to increase value by raising occupancy. The property contains 22,214 square feet. The location and tenant mix make Independence Plaza III suitable for investors or an owner-user. The asset has been well maintained by its current ownership group.

    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 $490.5k $22.08
    − Vacancy −$86.8k −$3.91
    EGI $403.7k $18.17
    − OpEx −$100.9k −$4.54
    NOI $302.8k $13.63
    22,214 SF · lease $22.08/SF/yr · vacancy 17.70% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $4.33M
    $3.78M – $5.05M (±1% cap)
    NOI $302,752 @ 7.0% cap · market cap 7.57%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.67M
    $4.96M – $6.61M (±1% cap)
    NOI $396,649 @ 7.0% cap · market cap 9.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Skeans Development & Management Business Management Consultant Total Mouth Fitness ... Dental Office Varga Associates Inc Business Management Consultant Jack G. Ferrell ... Physician Ginger L. Gray, ... Counselor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.4777
    Latitude
    29.5695

    FAQs

    What type of property is this?
    Office building - Multi-tenant office building near Highway 281 and downtown San Antonio.
    Where is this office building located?
    The property is located at 14310 Northbrook Dr San Antonio, TX.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Immediate cash‑flow with **74% occupancy and long‑term tenants**.; Convenient location less than a mile from Highway 281 and minutes from downtown San Antonio and the airport.; Opportunity to add value by increasing occupancy.
    (210) 416-3491 Call to check price and availability
    More about this property
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