Versatile Medical/Office Building For
For Sale
$1,550,000
417 Camden Street, San Antonio, TX 78215
6,755 SF medical/office building with ample parking.
Property Size6,755 SF
Price / SF$229.46
Days on Market157
Property Features for 417 Camden Street
General Information
Standard status
Active
Size
6,755 SF
Property subtype
Healthcare
Listing Agency:
CBRE - San Antonio
(210) 389-1338
Listed By:
Kyle Gunter
(210) 389-1338
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Aug 28 at 8:28AM
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 CBRE - San Antonio
Investment Insights
Based on property information with market context.
Located at 417 Camden Street, this 6,755 square foot property, formerly occupied by Baptist Health Systems, is suitable for a medical practice or standard office use. The building features a reception desk, lobby and waiting areas, multiple exam rooms, and private offices. Signage visibility and ample parking are available. The property is located in the downtown area and is surrounded by Baptist Medical Center, Methodist Hospital, Camden Medical Center, Heart and Vascular Clinic, and San Antonio Eye Center, as well as other medical practices. The location offers convenient access to I-35, I-37, IH-10, and Hwy 281. The Riverwalk, The Pearl, The Quarry, and The Airport are a short drive away.
Key Highlights
- Ideal for medical practice or standard office use with existing exam rooms and private offices.
- Strategically located in a strong medical community near Baptist Medical Center, Methodist Hospital, and other medical facilities.
- Ample parking available for clients and staff.
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
$77,915
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
5.03%
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%
$1,558,300
$1.6M
Cap Rate 7%
$1,113,071
$1.1M
Cap Rate 9%
$865,722
$865.7K
Market Conditions
NOI Build-Up for 6,755 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
$145.9K $21.60/SF
− Vacancy
−$16.0K −$2.38/SF
EGI
$129.9K $19.22/SF
− OpEx
−$51.9K −$7.69/SF
NOI
$77.9K $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%
$1,558,300
Cap Rate 7%
$1,113,071
Cap Rate 9%
$865,722
Alternative Uses
Best Use
Healthcare Medical
$1.11M
$973.9K – $1.30M
NOI $77,915 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,616 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,080
Businesses Nearby
Explore this area
Business Placement
Demographics for 78215, TX
3,644
Population
3,029
Households
1.2
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
3,313
Density / Sq Mi
$82,128
Median Household Income
$75,532
Median Earnings
$1,754
Median Rent
$486,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - 6,755 SF medical/office building with ample parking.
Where is this medical center located?
The property is located at 417 Camden Street San Antonio, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Ideal for medical practice or standard office use with **existing exam rooms and private offices**.; Strategically located in a strong medical community near Baptist Medical Center, Methodist Hospital, and other medical facilities.; Ample parking available for clients and staff.
