Two-Story Office
For Sale
Contact for pricing
523 MED CT, San Antonio, TX 78258
Upgraded office configuration with elevator service, reception, conference rooms, private offices, break areas, and storage.
Property Size3,600 SF
Price / SF$2.47
Days on Market47
Property Features for 523 MED CT
General Information
Standard status
Active
Size
3,600 SF
Elevators
Yes
Property subtype
Retail/Shop
Site & Location
Neighborhood
Stone Oak
Additional Details
Floor
1-2
Building Details
Year Built
2008
Listing Agency:
PIONEER REALTY PARTNERS, LLC
Listed By:
Denise Bourassa
(210) 355-0559
Source:
Pioneerrealtypartners
Added: Sep 7
Changed: Oct 21
Last Checked: Oct 23 at 8:21AM
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 PIONEER REALTY PARTNERS, LLC
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Investment Insights
Based on property information with market context.
Built in 2008, this 3,600-square-foot office suite occupies two floors of 1,800 square feet each, connected by an elevator. The layout includes a reception area, multiple conference or office rooms, private offices, break room, storage, and restrooms across both levels. The space is described as being in excellent condition with numerous upgrades.
The property is located at 523 Med Ct in San Antonio, along the Stone Oak Parkway corridor, approximately one mile north of 1604. It is positioned to support proximity to a nearby hospital system, and the center includes a national-brand anchor. Each floor may be leased separately, with lease terms and improvements subject to negotiation.
The property is located at 523 Med Ct in San Antonio, along the Stone Oak Parkway corridor, approximately one mile north of 1604. It is positioned to support proximity to a nearby hospital system, and the center includes a national-brand anchor. Each floor may be leased separately, with lease terms and improvements subject to negotiation.
Key Highlights
- 3,600‑square‑foot office suite built in 2008
- Two floors with 1,800 sqft per floor
- Connecting elevator serves both levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,524
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,480
$830.5K
Cap Rate 7%
$593,200
$593.2K
Cap Rate 9%
$461,378
$461.4K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$77.8K $21.60/SF
− Vacancy
−$8.6K −$2.38/SF
EGI
$69.2K $19.22/SF
− OpEx
−$27.7K −$7.69/SF
NOI
$41.5K $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 Rate 5%
$830,480
Cap Rate 7%
$593,200
Cap Rate 9%
$461,378
Alternative Uses
Best Use
Office B
$700.9K
$613.3K – $817.7K
NOI $49,064 @ 7.0% cap · market cap 552.52%
Second Best
Healthcare Medical
$593.2K
$519.1K – $692.1K
NOI $41,524 @ 7.0% cap · market cap 467.61%
Theoretical Best
Office A
$918.3K
$803.5K – $1.07M
NOI $64,281 @ 7.0% cap · market cap 723.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,021
Businesses Nearby
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Business Placement
Demographics for 78258, TX
51,073
Population
20,640
Households
2.5
Avg Household Size
38
Median Age
61%
College-Educated
97%
High-School Grad
17.4 sq mi
ZIP Area
2,935
Density / Sq Mi
$116,133
Median Household Income
$62,079
Median Earnings
$1,720
Median Rent
$446,700
Median Home Value
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Market
Vacancy Rate% for Office in San Antonio, TX
Frequently Asked Questions
What type of property is this?
Office unit - Upgraded office configuration with elevator service, reception, conference rooms, private offices, break areas, and storage.
Where is this office unit located?
The property is located at 523 MED CT San Antonio, TX.
What are key features of this property?
This property features: 3,600‑square‑foot office suite built in 2008; Two floors with 1,800 sqft per floor; Connecting elevator serves both levels
