Medical Office Building with Corner
For Sale
Contact for pricing
1445 Somerset Rd, San Antonio, TX 78211
Well-maintained medical office building with 8 patient rooms, waiting and storage, on a corner lot with dual access and parking.
Property Size2,704 SF
Lot Size0.30 Acres
Price / SF$203.40
Days on Market149
Property Features for 1445 Somerset Rd
General Information
Standard status
Active
Size
2,704 SF
Class
C
Total Parking Spaces
20
Lot size
0.30 Acres
Property subtype
Retail, Office, Special Purpose
Zoning
C-2
Occupancy
100%
Investment Type
Owner/User
Additional Details
Business Included
Yes
Traffic Count
8,337 vehicles/day
Amenities
8 patient rooms
waiting area
file storage
Building Details
Year Built
1960
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial - Alamo City
Listed By:
Matthew Driffill · License #787578
Source:
Crexi
Added: Apr 13
Changed: Sep 4
Last Checked: Sep 8 at 5:02AM
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 Coldwell Banker Commercial - Alamo City
Investment Insights
Based on property information with market context.
Well-maintained medical office building positioned on a corner property with dual hard-corner access. The offering includes approximately 2,704 square feet (about 2,740 SF GLA) and is currently configured with 8 patient rooms, a waiting area, and file storage. The layout also supports conversion into salon or personal services suite configurations for beauty and wellness-related uses.
Located on Somerset Rd in a high-traffic corridor with approximately 8,337 vehicles per day and C-2 zoning. The site includes 27 parking spaces, for a 5:1 parking ratio, supporting both staff and client needs.
The building is 100% owner-occupied with no existing lease, and the medical practice is operational and for sale. Please do not disturb the business; contact Matthew Driffill at 210-862-1192 for more information and scheduling.
Located on Somerset Rd in a high-traffic corridor with approximately 8,337 vehicles per day and C-2 zoning. The site includes 27 parking spaces, for a 5:1 parking ratio, supporting both staff and client needs.
The building is 100% owner-occupied with no existing lease, and the medical practice is operational and for sale. Please do not disturb the business; contact Matthew Driffill at 210-862-1192 for more information and scheduling.
Key Highlights
- Medical office building built in 1960 with approx. 2,704 SF (approx. 2,740 SF GLA)
- Layout includes 8 patient rooms, waiting area, and file storage
- Corner property with dual hard‑corner access on Somerset Rd in a high‑traffic corridor (approx. 8,337 vehicles/day)
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
$36,852
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
6.70%
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%
$737,040
$737.0K
Cap Rate 7%
$526,457
$526.5K
Cap Rate 9%
$409,467
$409.5K
Market Conditions
NOI Build-Up for 2,704 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
$59.7K $22.08/SF
− Vacancy
−$10.6K −$3.91/SF
EGI
$49.1K $18.17/SF
− OpEx
−$12.3K −$4.54/SF
NOI
$36.9K $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%
$737,040
Cap Rate 7%
$526,457
Cap Rate 9%
$409,467
Alternative Uses
Best Use
Office B
$526.5K
$460.7K – $614.2K
NOI $36,852 @ 7.0% cap · market cap 6.70%
Second Best
Healthcare Medical
$445.6K
$389.9K – $519.8K
NOI $31,189 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$689.7K
$603.5K – $804.7K
NOI $48,282 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8,337 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78211, TX
29,976
Population
10,516
Households
2.9
Avg Household Size
35
Median Age
7%
College-Educated
63%
High-School Grad
10.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$54,279
Median Household Income
$30,109
Median Earnings
$1,047
Median Rent
$110,200
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 - Well-maintained medical office building with 8 patient rooms, waiting and storage, on a corner lot with dual access and parking.
Where is this medical office space located?
The property is located at 1445 Somerset Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Medical office building built in 1960 with approx. 2,704 SF (approx. 2,740 SF GLA); Layout includes 8 patient rooms, waiting area, and file storage; Corner property with dual hard‑corner access on Somerset Rd in a high‑traffic corridor (approx. 8,337 vehicles/day)
