Medical Office Condominium
For Sale
Contact for pricing
4926 Golden Quail, San Antonio, TX 78240
Last available unit offers a 4,200 SF shell layout in a business condominium near the South Texas Medical Center.
Property Size4,200 SF
Price / SF$199.76
Days on Market180
Property Features for 4926 Golden Quail
General Information
Standard status
Active
Size
4,200 SF
Property subtype
OFFICE
Zoning
C-3R
Additional Details
Traffic Count
45,000 vehicles/day
Listing Agency:
Coldwell Banker Commercial Alamo City
(210) 483-6250
Listed By:
Brent Holmes · License #713693
(210) 483-6252
Source:
Moodyscre
Added: Mar 12
Changed: Aug 21
Last Checked: Jul 23 at 9:06AM
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 Coldwell Banker Commercial Alamo City
Investment Insights
Based on property information with market context.
Own the last available unit in the Arbor at Golden Quail business condominiums, a professional complex offering a 4,200 SF shell space. Unit 202 is designed for flexibility, with potential use as a medical, wellness, retail, or professional space for an owner-user or tenant.
The complex is positioned just one mile from the South Texas Medical Center and set off a high-traffic corridor with more than 45,000 vehicles per day, supporting visibility and convenient access. The center includes ample parking and modern construction, with established neighbors including Hillside Primary Care and Pinnacle Martial Arts. Zoning is listed as C-3R. The property is being offered for sale at 4926 Golden Quail, San Antonio, TX 78240.
The complex is positioned just one mile from the South Texas Medical Center and set off a high-traffic corridor with more than 45,000 vehicles per day, supporting visibility and convenient access. The center includes ample parking and modern construction, with established neighbors including Hillside Primary Care and Pinnacle Martial Arts. Zoning is listed as C-3R. The property is being offered for sale at 4926 Golden Quail, San Antonio, TX 78240.
Key Highlights
- Unit 202 is a 4,200 SF shell space in the Arbor at Golden Quail business condominiums.
- C‑3R zoning—suitable for medical, wellness, retail, or professional users (per provided remarks).
- Located in an established professional complex about one mile from the South Texas Medical Center.
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
$57,241
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
6.82%
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%
$1,144,820
$1.1M
Cap Rate 7%
$817,729
$817.7K
Cap Rate 9%
$636,011
$636.0K
Market Conditions
NOI Build-Up for 4,200 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
$92.7K $22.08/SF
− Vacancy
−$16.4K −$3.91/SF
EGI
$76.3K $18.17/SF
− OpEx
−$19.1K −$4.54/SF
NOI
$57.2K $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%
$1,144,820
Cap Rate 7%
$817,729
Cap Rate 9%
$636,011
Alternative Uses
Best Use
Office B
$817.7K
$715.5K – $954.0K
NOI $57,241 @ 7.0% cap · market cap 6.82%
Second Best
Healthcare Medical
$692.1K
$605.6K – $807.4K
NOI $48,444 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$1.07M
$937.4K – $1.25M
NOI $74,994 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
45,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 78240, TX
56,112
Population
27,713
Households
2
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
11.2 sq mi
ZIP Area
5,010
Density / Sq Mi
$62,203
Median Household Income
$41,812
Median Earnings
$1,283
Median Rent
$245,100
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 - Last available unit offers a 4,200 SF shell layout in a business condominium near the South Texas Medical Center.
Where is this office units located?
The property is located at 4926 Golden Quail San Antonio, TX.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Unit 202 is a 4,200 SF shell space in the Arbor at Golden Quail business condominiums.; C‑3R zoning—suitable for medical, wellness, retail, or professional users (per provided remarks).; Located in an established professional complex about one mile from the South Texas Medical Center.
