Medical Office
For Sale
$2,600,000
4151 Callaghan Rd, San Antonio, TX 78228
Very visible office building with easy access from 410 and Ingram Rd, designed for smooth entrance and exit flow.
Property Size10,533 SF
Price / SF$246.84
Days on Market156
Property Features for 4151 Callaghan Rd
General Information
Standard status
Active
Size
10,533 SF
Taxes and HOA fees
Annual Taxes
$59,544
Listing Agency:
powerhouse realty
(210) 725-8653
Listed By:
Mario Aguilar
(210) 725-8653
Source:
Exprealty
Added: Mar 26
Changed: Aug 21
Last Checked: Aug 28 at 12:58PM
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 powerhouse realty
Investment Insights
Based on property information with market context.
This property is a medical office building suitable for office use. It offers straightforward access and a layout supporting efficient entrance and exit flow.
The location provides very visibility and convenient access from 410 and Ingram Rd. The property is described as having good daily traffic count and traffic flow.
For purchasers seeking an office-oriented building with strong road access and visibility, this is positioned for business operations that benefit from frequent public traffic.
The location provides very visibility and convenient access from 410 and Ingram Rd. The property is described as having good daily traffic count and traffic flow.
For purchasers seeking an office-oriented building with strong road access and visibility, this is positioned for business operations that benefit from frequent public traffic.
Key Highlights
- Very visible office building with easy access from I‑410 and Ingram Rd.
- Designed for smooth entrance and exit flow, supporting easy traffic movement.
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
$143,553
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
5.52%
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%
$2,871,060
$2.9M
Cap Rate 7%
$2,050,757
$2.1M
Cap Rate 9%
$1,595,033
$1.6M
Market Conditions
NOI Build-Up for 10,533 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
$232.6K $22.08/SF
− Vacancy
−$41.2K −$3.91/SF
EGI
$191.4K $18.17/SF
− OpEx
−$47.9K −$4.54/SF
NOI
$143.6K $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%
$2,871,060
Cap Rate 7%
$2,050,757
Cap Rate 9%
$1,595,033
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,553 @ 7.0% cap · market cap 5.52%
Second Best
Healthcare Medical
$1.74M
$1.52M – $2.02M
NOI $121,492 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$2.69M
$2.35M – $3.13M
NOI $188,075 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78228, TX
56,369
Population
21,397
Households
2.6
Avg Household Size
37
Median Age
14%
College-Educated
74%
High-School Grad
10.9 sq mi
ZIP Area
5,171
Density / Sq Mi
$50,865
Median Household Income
$30,811
Median Earnings
$1,004
Median Rent
$164,700
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?
Medical Office Space - Very visible office building with easy access from 410 and Ingram Rd, designed for smooth entrance and exit flow.
Where is this medical office space located?
The property is located at 4151 Callaghan Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Very visible office building with easy access from I‑410 and Ingram Rd.; Designed for smooth entrance and exit flow, supporting easy traffic movement.
