Combined Office Condos
For Sale
$350,000
302-7272 Wurzbach Rd, San Antonio, TX 78230
Units 302 and 303 in Building C are combined into one larger office space, offered for sale or lease.
Property Size1,147 SF
Price / SF$305.14
Days on Market142
Property Features for 302-7272 Wurzbach Rd
General Information
Standard status
Active
Size
1,147 SF
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$2,558
Listing Agency:
Bruce Baumann Real Estate, Inc
(210) 495-9622
Listed By:
David Romo · License #196937
(210) 710-5893
Source:
Exprealty
Added: Apr 14
Changed: Aug 21
Last Checked: Sep 1 at 10:05PM
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 Bruce Baumann Real Estate, Inc
Investment Insights
Based on property information with market context.
This offering combines Deer Oaks office condominium units 302 and 303 in Building C into one larger office space. The units are being presented together as a single suite, with no condo fees noted in the remarks. The space is available for sale or lease.
The property is located at 7272 Wurzbach Rd in San Antonio, Texas, at the intersection of Babcock Rd and Wurzbach.
With the combined configuration, the space provides one contiguous office suite within Deer Oaks Condos, Building C, suitable for tenants or buyers looking to occupy multiple units together.
The property is located at 7272 Wurzbach Rd in San Antonio, Texas, at the intersection of Babcock Rd and Wurzbach.
With the combined configuration, the space provides one contiguous office suite within Deer Oaks Condos, Building C, suitable for tenants or buyers looking to occupy multiple units together.
Key Highlights
- Units 302 and 303 in Building C are combined into one larger office space.
- Offered for sale or lease.
- Listed at $2,400 per month.
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
$15,632
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
4.47%
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%
$312,640
$312.6K
Cap Rate 7%
$223,314
$223.3K
Cap Rate 9%
$173,689
$173.7K
Market Conditions
NOI Build-Up for 1,147 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
$25.3K $22.08/SF
− Vacancy
−$4.5K −$3.91/SF
EGI
$20.8K $18.17/SF
− OpEx
−$5.2K −$4.54/SF
NOI
$15.6K $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 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%
$312,640
Cap Rate 7%
$223,314
Cap Rate 9%
$173,689
Alternative Uses
Best Use
Office B
$223.3K
$195.4K – $260.5K
NOI $15,632 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.6K
$256.0K – $341.4K
NOI $20,481 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
5,871
Businesses Nearby
Explore this area
Business Placement
Demographics for 78230, TX
42,145
Population
21,191
Households
2
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
10.5 sq mi
ZIP Area
4,014
Density / Sq Mi
$71,564
Median Household Income
$40,281
Median Earnings
$1,289
Median Rent
$355,400
Median Home Value
Market
Vacancy Rate% for Office in San Antonio, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Units 302 and 303 in Building C are combined into one larger office space, offered for sale or lease.
Where is this office units located?
The property is located at 302-7272 Wurzbach Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Units 302 and 303 in Building C are combined into one larger office space.; Offered for sale or lease.; Listed at $2,400 per month.
