Building Details

Year built 1946

Floors in Building 1

Number of units 1

Roof type Metal

Listing Agency: Keller Williams Heritage · Keller Williams Realty

Listed By: Aden Stiles Show Phone

Added: Oct 29 Last Checked: Oct 29 at 6:06PM

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MLS# 2026867

Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The 4,428-square-foot building is currently configured for medical use, with plumbing distributed throughout. Built in 1946, it has central heating and a metal roof.

The property comprises three adjoining lots totaling 0.52 acres, with 38 parking spaces. C-3 zoning applies. The address is 234 San Pedro Ave in San Antonio.

Key Highlights

• 4,428 square feet currently configured for medical use
• Plumbing runs throughout the building
• Three adjoining lots totaling 0.52 acres

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,349

Cap Rate

3.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,206,980 $1.2M

Cap Rate 7%

$862,129 $862.1K

Cap Rate 9%

$670,544 $670.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,428 SF

Gross rent

$97.8K $22.08/SF

− Vacancy

−$17.3K −$3.91/SF

EGI

$80.5K $18.17/SF

− OpEx

−$20.1K −$4.54/SF

NOI

$60.3K $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 Rate 5%

$1,206,980

Cap Rate 7%

$862,129

Cap Rate 9%

$670,544

Alternative Uses

Best Use

Office B

$862.1K

$754.4K – $1.01M (±1% cap)

NOI $60,349 @ 7.0% cap · market cap 3.35%

Second Best

Retail

$846.8K

$740.9K – $987.9K (±1% cap)

NOI $59,274 @ 7.0% cap · market cap 3.29%

Theoretical Best

Office A

$1.13M

$988.3K – $1.32M (±1% cap)

NOI $79,066 @ 7.0% cap · market cap 4.39%

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

San Pedro Women's ... Medical Clinic Ramakrishnarao Veerakaputr MD Physician Dr. Rama K. ... Physician Laser Aesthetics Medical Clinic

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Acupuncture Tanning Salon Veterinary Clinic Fish Market Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,788

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 78205, TX

2,339

Population

1,755

Households

1.3

Avg Household Size

43

Median Age

44%

College-Educated

84%

High-School Grad

1.2 sq mi

ZIP Area

1,949

Density / Sq Mi

$34,631

Median Household Income

$43,382

Median Earnings

$1,265

Median Rent

$470,200

Median Home Value

Market

Vacancy Rate% for Office in San Antonio, TX

13.5% 2019

13.4% 2021

15.7% 2022

17.3% 2023

16.5% 2024

16% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Plumbing runs throughout the building, supporting its existing medical configuration.

Where is this medical office space located?

The property is located at 234 SAN PEDRO AVE San Antonio, TX.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 4,428 square feet currently configured for medical use; Plumbing runs throughout the building; Three adjoining lots totaling 0.52 acres