4118 MCCULLOUGH AVE, Olmos Park, TX 78212

Building Details

Year Built 1960 More

Tenancy Multi More

Listing Agency: Davidson Properties, Inc. m***@davidsonproperties.com

Listed By: Jeannie Smith Show Phone

Source: Theemerygrouprealestate

Added: Oct 16 Changed: Nov 9 Last Checked: Nov 8 at 9:29AM

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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 Davidson Properties, Inc.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Medical office space is available in a multi-tenant building constructed in 1960. The suites have a second-generation buildout and can be subdivided, with shared reception available as part of the configuration.

The property is in Olmos Park, with access to Hwy 281, I-35, I-37, and I-10. Downtown Medical District and Alamo Heights are also accessible from the property.

Key Highlights

• Second‑generation medical office suites in a multi‑tenant building
• Suites can be subdivided, with shared reception available
• Access to Hwy 281, I‑35, I‑37, and I‑10

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$268,954

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,379,080 $5.4M

Cap Rate 7%

$3,842,200 $3.8M

Cap Rate 9%

$2,988,378 $3.0M

What to ask about pricing

Market Conditions

NOI Build-Up for 19,274 SF

Gross rent

$534.3K $27.72/SF

− Vacancy

−$86.0K −$4.46/SF

EGI

$448.3K $23.26/SF

− OpEx

−$179.3K −$9.30/SF

NOI

$269.0K $13.95/SF

Area

Bexar County, TX

Vacancy

16.10%

Lease Rate

$27.72 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,379,080

Cap Rate 7%

$3,842,200

Cap Rate 9%

$2,988,378

Alternative Uses

Best Use

Office B

$4.44M

$3.88M – $5.18M (±1% cap)

NOI $310,504 @ 7.0% cap · market cap 10,615.52%

Second Best

Healthcare Medical

$3.84M

$3.36M – $4.48M (±1% cap)

NOI $268,954 @ 7.0% cap · market cap 9,195.01%

Theoretical Best

Office A

$5.22M

$4.56M – $6.09M (±1% cap)

NOI $365,163 @ 7.0% cap · market cap 12,484.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Auto Parts Store Electrical Service Computer & Electronic Repair Catering Service (Bike/Boat/Book/etc) Store HVAC 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.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,104

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 78212, TX

26,738

Population

13,399

Households

2

Avg Household Size

39

Median Age

39%

College-Educated

85%

High-School Grad

6.9 sq mi

ZIP Area

3,875

Density / Sq Mi

$60,222

Median Household Income

$40,037

Median Earnings

$1,084

Median Rent

$299,400

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Bexar County, TX

$227 Jul

$202 Aug

$228 Sep

$174 Oct

Properties on Market for Medical Office Space in Bexar County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Similar Off Market Nearby

• Pet Shotz Inc. — 3306 N St Mary's St, San Antonio, TX 78212
• Veterinary Medical Association of Bexar County — 4351 McCullough Ave, San Antonio, TX 78212
• Olmos Park Animal Hospital — 4349 McCullough Ave, San Antonio, TX 78212
• Eagle Veterinary Hospital — 4701 McCullough Ave, San Antonio, TX 78212

Frequently Asked Questions

What type of property is this?

Medical Office Space - Second-generation suites in a multi-tenant building offer flexible subdivision and access to shared reception space.

Where is this medical office space located?

The property is located at 4118 MCCULLOUGH AVE Olmos Park, TX.

What are key features of this property?

This property features: Second‑generation medical office suites in a multi‑tenant building; Suites can be subdivided, with shared reception available; Access to Hwy 281, I‑35, I‑37, and I‑10