Medical Office Condominium
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For Sale
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2000A Medical Pkwy, San Marcos, TX 78666
Medical and professional occupants share a multi-suite property near CHRISTUS Santa Rosa Hospital – San Marcos.
Property Size14,132 SF
Lot Size2.72 Acres
Price / SF$304.27
Days on Market5
Property Features for 2000A Medical Pkwy
General Information
Standard status
Active
Size
14,132 SF
Lot size
2.72 Acres
Property subtype
OFFICE
Zoning
OP
Additional Details
Asking Price
$4,300,000
Utilities to Site
Yes
Tenant in Place
Yes
Property Use
Medical Office
Building Details
Buildings
5
Tenancy
Multi
Listing Agency:
Deal Vision
Listed By:
Nick Nelson, CCIM · License #603416
(512) 906-6757
Source:
Moodyscre
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:33PM
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.
MedPark Suites comprises medical office condominiums across five addresses on Medical Pkwy, with an aggregate area of approximately 14,132 square feet on 2.7207 acres. Built in 1984–1985, the suites range from approximately 1,000 to 3,966 square feet. Occupants include Clinical Pathology Laboratories, CHRISTUS TrinCare Clinical Laboratory, REM Sleep Center, MedPark Hearing Center, State Farm, and the San Marcos Youth Service Bureau. Most leases are modified gross, with scheduled annual increases of about 5% and expirations from 2026 through 2030.
The property is at Medical Pkwy and Wonder World Dr, approximately 0.15 mi from CHRISTUS Santa Rosa Hospital – San Marcos. It is zoned OP (Office Professional) within the City of San Marcos full-purpose jurisdiction and the city’s Preferred Scenario Medical District. San Marcos Electric Utility provides electric service, and city water and wastewater serve the property. 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 property is at Medical Pkwy and Wonder World Dr, approximately 0.15 mi from CHRISTUS Santa Rosa Hospital – San Marcos. It is zoned OP (Office Professional) within the City of San Marcos full-purpose jurisdiction and the city’s Preferred Scenario Medical District. San Marcos Electric Utility provides electric service, and city water and wastewater serve the property. 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 2.7207 AC at five Medical Pkwy addresses
- Individual suites range from approximately 1,000 to 3,966 SF
- Built 1984–1985
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
$5.91M
$5.17M – $6.89M
NOI $413,527 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property 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
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 - Medical and professional occupants share a multi-suite property near CHRISTUS Santa Rosa Hospital – San Marcos.
Where is this medical office space located?
The property is located at 2000A 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 2.7207 AC at five Medical Pkwy addresses; Individual suites range from approximately 1,000 to 3,966 SF; Built 1984–1985
