Medical Office
For Sale
$1,100,000
1652 Pat Booker Road, Universal City, TX 78148
For-sale medical office space well-suited for healthcare and professional services at 1652 Pat Booker Road.
Property Size2,000 SF
Price / SF$550
Days on Market56
Property Features for 1652 Pat Booker Road
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office Medical
Occupancy
100%
Additional Details
Cap Rate
6.73%
Amenities
Highlight
Building Details
Building Size
2,000 SF
Year Built
1977
Listing Agency:
(210) 343-7821
Listed By:
James Stewart, CCIM · License #License(s): TX: 531005
(210) 343-7821
Source:
Marcusmillichap
Added: Jun 28
Changed: Aug 8
Last Checked: Aug 22 at 3:38AM
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 James Stewart, CCIM
Investment Insights
Based on property information with market context.
This for-sale medical office space offers a straightforward professional environment for healthcare or other service-based tenants. The property is presented as a commercial office asset within the Medical Office Space and Office Spaces categories, with a total size of 2,000 square feet.
Located at 1652 Pat Booker Road in Universal City, Texas, the property’s address provides the primary physical identifier for viewing and due diligence. Beyond the stated use category and size, no additional building features, unit configuration, or site characteristics are provided in the information supplied.
From a tenant or buyer fit perspective, a medical office designation typically supports service-oriented operations where clinical or professional workflows are central. This asset may align with buyers seeking a defined office footprint for a healthcare practice or an office user looking for a property marketed specifically as medical office space. Interested parties should confirm current condition, interior layout, and any operational details directly through inspection and review of available offering materials.
Located at 1652 Pat Booker Road in Universal City, Texas, the property’s address provides the primary physical identifier for viewing and due diligence. Beyond the stated use category and size, no additional building features, unit configuration, or site characteristics are provided in the information supplied.
From a tenant or buyer fit perspective, a medical office designation typically supports service-oriented operations where clinical or professional workflows are central. This asset may align with buyers seeking a defined office footprint for a healthcare practice or an office user looking for a property marketed specifically as medical office space. Interested parties should confirm current condition, interior layout, and any operational details directly through inspection and review of available offering materials.
Key Highlights
- Medical office space for sale at 1652 Pat Booker Road
- Year built: 1977
- Listing overview shows 6.73%
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
$32,220
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
2.93%
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%
$644,400
$644.4K
Cap Rate 7%
$460,286
$460.3K
Cap Rate 9%
$358,000
$358.0K
Market Conditions
NOI Build-Up for 2,000 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
$48.0K $24.00/SF
− Vacancy
−$5.0K −$2.52/SF
EGI
$43.0K $21.48/SF
− OpEx
−$10.7K −$5.37/SF
NOI
$32.2K $16.11/SF
Area
Bexar County, TX
Vacancy
10.50%
Lease Rate
$24.00 /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%
$644,400
Cap Rate 7%
$460,286
Cap Rate 9%
$358,000
Alternative Uses
Best Use
Office B
$460.3K
$402.8K – $537.0K
NOI $32,220 @ 7.0% cap · market cap 2.93%
Second Best
Healthcare Medical
$398.7K
$348.9K – $465.1K
NOI $27,908 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$541.3K
$473.7K – $631.5K
NOI $37,892 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78148, TX
21,569
Population
8,597
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
2,247
Density / Sq Mi
$75,395
Median Household Income
$40,850
Median Earnings
$1,252
Median Rent
$249,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Veterinary Medical Association of Bexar County — 1706 Pat Booker Rd, Universal City, TX 78148
- Universal City Animal Hospital — 2510 Pat Booker Rd, Universal City, TX 78148
- VetIQ Petcare — 510 Kitty Hawk Rd, Universal City, TX 78148
- Butler Laurie DVM — 2510 Pat Booker Rd, Universal City, TX 78148
- Pat Booker Road Animal Hospital — 1706 Pat Booker Rd, Universal City, TX 78148
Frequently Asked Questions
What type of property is this?
Medical Office Space - For-sale medical office space well-suited for healthcare and professional services at 1652 Pat Booker Road.
Where is this medical office space located?
The property is located at 1652 Pat Booker Road Universal City, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Medical office space for sale at 1652 Pat Booker Road; Year built: 1977; Listing overview shows 6.73%
