Medical Office
2000 MEDICAL PKWY, San Marcos, TX 78666
For Sale
Contact for pricing
Current occupants include healthcare providers and professional businesses across the suite portfolio.
Property Size14,132 SF
Lot Size2.72 Acres
Price / SF$304.27
Days on Market22
Property Features for 2000 MEDICAL PKWY
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Asking Price
Utilities to Site
Tenant in Place
Property Use
Medical Specialty
Building Details
Year Built
Tenancy
Listing Agency:
Deal Vision
Listed By:
Nick Nelson · License TX #603416
(512) 906-6757
Source:
Crexi
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 3:26PM
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 Deal Vision
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Investment Insights
Based on property information with market context.
This medical office condominium portfolio comprises approximately 14,132 square feet across five addresses: 2000, 2002, 2004, 2005 and 2007 Medical Pkwy. The buildings date to 1984–1985, and individual suites range from approximately 1,000 to 3,966 square feet. Existing occupants include medical, healthcare and professional businesses. Most leases use modified gross terms and provide for scheduled annual increases of about 5%.
The properties occupy 2.7207 acres in San Marcos, approximately 0.15 miles from CHRISTUS Santa Rosa Hospital – San Marcos. Zoning is OP (Office Professional). City water and wastewater serve the property, along with San Marcos Electric Utility. Medical, dental and professional offices are permitted; urgent care, retail and restaurant uses are not. Buyers should verify proposed uses with the City and condominium association.
The properties occupy 2.7207 acres in San Marcos, approximately 0.15 miles from CHRISTUS Santa Rosa Hospital – San Marcos. Zoning is OP (Office Professional). City water and wastewater serve the property, along with San Marcos Electric Utility. Medical, dental and professional offices are permitted; urgent care, retail and restaurant uses are not. Buyers should verify proposed uses with the City and condominium association.
Key Highlights
- Approximately 14,132 SF across five Medical Pkwy addresses
- Suite sizes range from approximately 1,000 to 3,966 SF
- 2.7207‑acre site in San Marcos
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$336,985
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,739,700
$6.7M
Cap Rate 7%
$4,814,071
$4.8M
Cap Rate 9%
$3,744,278
$3.7M
Market Conditions
NOI Build-Up for 14,132 SF
Gross rent
$593.5K $42.00/SF
− Vacancy
−$144.2K −$10.21/SF
EGI
$449.3K $31.79/SF
− OpEx
−$112.3K −$7.95/SF
NOI
$337.0K $23.85/SF
Area
Hays County, TX
Vacancy
24.30%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,739,700
Cap Rate 7%
$4,814,071
Cap Rate 9%
$3,744,278
Alternative Uses
Best Use
Office B
$4.81M
$4.21M – $5.62M
NOI $336,985 @ 7.0% cap · market cap 7.84%
Second Best
Healthcare Medical
$3.66M
$3.21M – $4.27M
NOI $256,411 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$5.54M
$4.85M – $6.46M
NOI $387,650 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78666, TX
86,584
Population
36,354
Households
2.4
Avg Household Size
27
Median Age
35%
College-Educated
89%
High-School Grad
192.4 sq mi
ZIP Area
450
Density / Sq Mi
$55,478
Median Household Income
$25,890
Median Earnings
$1,294
Median Rent
$271,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Banfield Pet Hospital — 1050 McKinley Pl Dr Ste 300, San Marcos, TX 78666
Frequently Asked Questions
What type of property is this?
Medical Office Space - Current occupants include healthcare providers and professional businesses across the suite portfolio.
Where is this medical office space located?
The property is located at 2000 MEDICAL PKWY San Marcos, TX.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Approximately 14,132 SF across five Medical Pkwy addresses; Suite sizes range from approximately 1,000 to 3,966 SF; 2.7207‑acre site in San Marcos
