Veterinary Hospital with NNN
For Sale
Contact for pricing
2558 Thousand Oaks Dr, San Antonio, TX 78232
A renovated veterinary facility leased under a structure that limits routine landlord responsibilities.
Property Size3,198 SF
Price / SF$387.30
Days on Market116
Property Features for 2558 Thousand Oaks Dr
General Information
Standard status
Active
Size
3,198 SF
Property subtype
Retail, Office, Special Purpose
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$86,700
Building Details
Year Built
1998
Year Renovated
2022
Tenancy
Single
Listing Agency:
Kidder Mathews Los Angeles West
Listed By:
Daniel Solomon · License #CA 02105991
Source:
Crexi
Added: May 7
Changed: Aug 29
Last Checked: Aug 29 at 9:11PM
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 Kidder Mathews Los Angeles West
Investment Insights
Based on property information with market context.
Built in 1998, this 3,198-square-foot veterinary hospital at 2558 Thousand Oaks Dr. includes a 2022 interior renovation, a roof replacement approximately two years ago, and recently replaced gutters. The property is occupied under an NNN lease with a corporate guaranty from Veterinary Centers of America (VCA).
The hospital is located in North San Antonio near the Stone Oak submarket, with surrounding residential development and retail and medical uses identified in the property information. VCA has operated the facility with more than 10 years of AAHA accreditation, a designation tied to standards for patient care, safety, and operations. The property is offered for sale as a healthcare facility with established veterinary use and recent capital improvements.
The hospital is located in North San Antonio near the Stone Oak submarket, with surrounding residential development and retail and medical uses identified in the property information. VCA has operated the facility with more than 10 years of AAHA accreditation, a designation tied to standards for patient care, safety, and operations. The property is offered for sale as a healthcare facility with established veterinary use and recent capital improvements.
Key Highlights
- 3,198‑square‑foot veterinary hospital built in 1998
- NNN lease with a VCA corporate guaranty
- Interior renovation completed in 2022
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
$36,887
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
2.98%
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%
$737,740
$737.7K
Cap Rate 7%
$526,957
$527.0K
Cap Rate 9%
$409,856
$409.9K
Market Conditions
NOI Build-Up for 3,198 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
$69.1K $21.60/SF
− Vacancy
−$7.6K −$2.38/SF
EGI
$61.5K $19.22/SF
− OpEx
−$24.6K −$7.69/SF
NOI
$36.9K $11.53/SF
Area
San Antonio, TX
Vacancy
11.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$737,740
Cap Rate 7%
$526,957
Cap Rate 9%
$409,856
Alternative Uses
Best Use
Healthcare Medical
$527.0K
$461.1K – $614.8K
NOI $36,887 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$815.8K
$713.8K – $951.7K
NOI $57,103 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 78232, TX
35,397
Population
16,369
Households
2.2
Avg Household Size
42
Median Age
50%
College-Educated
96%
High-School Grad
11.9 sq mi
ZIP Area
2,975
Density / Sq Mi
$84,633
Median Household Income
$48,586
Median Earnings
$1,404
Median Rent
$345,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hospital - A renovated veterinary facility leased under a structure that limits routine landlord responsibilities.
Where is this hospital located?
The property is located at 2558 Thousand Oaks Dr San Antonio, TX.
What is the asking price?
The asking price for this property is $1,238,570.
What are key features of this property?
This property features: 3,198‑square‑foot veterinary hospital built in 1998; NNN lease with a VCA corporate guaranty; Interior renovation completed in 2022
