Medical Office Building Across from
For Sale
$1,900,000
204 W Windcrest Dr, Fredericksburg, TX 78624
COMMERCIAL - Fredericksburg, TX
Property Size7,144 SF
Lot Size0.88 Acres
Price / SF$265.96
Days on Market482
Property Features for 204 W Windcrest Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Subdivision
Crestwind
Elementary school district
Fredericksburg
Middle school district
Fredericksburg
High school district
Fredericksburg
Standard status
Active
Lot size
0.88 Acres
Taxes and HOA fees
Tax Annual Amount
13247
Listing Agency:
Real Estate Advisory Team, LLC
(830) 997-3400
Listed By:
Clay Sears
(830) 456-4348
Added: Apr 8, 2025
Changed: Aug 2
Last Checked: Aug 2 at 7:06AM
MLS# 97394
Copyright © 2026 Central Hill Country Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Medical office building on a C-1 zoned lot featuring 7,144 SF of space. The first floor includes 9 exam rooms, 3 private offices, a large reception and waiting area, 3 half bathrooms, a break room, file rooms, a nurses station, and ample storage. The second story offers another large office, storage, a full bathroom, laundry room, and kitchenette.
Located at 204 W Windcrest Dr in Fredericksburg, Texas, the property is directly across the street from the Methodist Hospital Hill Country. The site includes a paved parking lot in the front for patients and covered parking in the back for employees.
With its existing layout for medical and healthcare-related services, the building provides a turnkey setup across two levels.
Located at 204 W Windcrest Dr in Fredericksburg, Texas, the property is directly across the street from the Methodist Hospital Hill Country. The site includes a paved parking lot in the front for patients and covered parking in the back for employees.
With its existing layout for medical and healthcare-related services, the building provides a turnkey setup across two levels.
Key Highlights
- 7,144 SF medical office building on a 38,332 SF C‑1 zoned lot
- 9 exam rooms plus large reception and waiting area
- Second‑floor office, storage, full bathroom, laundry room, and kitchenette
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 | $169.7k | $23.76 |
| − Vacancy | −$42.4k | −$5.94 |
| EGI | $127.3k | $17.82 |
| − OpEx | −$31.8k | −$4.46 |
| NOI | $95.5k | $13.37 |
7,144 SF · lease $23.76/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,480 @ 7.0% cap · market cap 5.03%
Second Best
Healthcare Medical
$773.2K
$676.6K – $902.1K
NOI $54,126 @ 7.0% cap · market cap 2.85%
Theoretical Best
Hotel Hospitality
$5.41M
$4.73M – $6.31M
NOI $378,703 @ 7.0% cap · market cap 19.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78624, TX
23,080
Population
12,421
Households
1.9
Avg Household Size
52
Median Age
37%
College-Educated
89%
High-School Grad
742.3 sq mi
ZIP Area
31
Density / Sq Mi
$67,987
Median Household Income
$37,047
Median Earnings
$1,347
Median Rent
$439,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - C-1 zoned medical office with 9 exam rooms and patient parking in front, plus covered employee parking at the rear.
Where is this medical office space located?
The property is located at 204 W Windcrest Dr Fredericksburg, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 7,144 SF medical office building on a 38,332 SF C‑1 zoned lot; 9 exam rooms plus large reception and waiting area; Second‑floor office, storage, full bathroom, laundry room, and kitchenette
