Dental Office Investment
821 SCHOOL DR, Poteet, TX 78065
For Sale
$990,000
Dental office for sale with attractive cap rate and increases.
Property Size3,400 SF
Price / SF$291.18
Days on Market233
Property Features for 821 SCHOOL DR
General Information
Standard status
Size
Property subtype
Net Operating Income
Building Details
Building Size
Listing Agency:
Matthews Real Estate Investment Services
Listed By:
Antonio Diona · License CA #02037030
(818) 923-6366
Source:
Matthews
Added: Mar 27
Changed: Nov 11
Last Checked: Nov 14 at 2:06AM
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 Matthews Real Estate Investment Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A commercial property currently operating as a dental office is available for purchase. The property offers a 7.5% capitalization rate and includes provisions for 3% annual increases. There is potential for affiliation with a Dental Support Organization (DSO), and future credit enhancement opportunities may be available. The building has a size of 3400 square feet.
Key Highlights
- 7.5% Cap Rate
- Potential DSO Affiliation
- 3% Annual Increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,334
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,680
$1.2M
Cap Rate 7%
$833,343
$833.3K
Cap Rate 9%
$648,156
$648.2K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$86.9K $25.56/SF
− Vacancy
−$9.1K −$2.68/SF
EGI
$77.8K $22.88/SF
− OpEx
−$19.4K −$5.72/SF
NOI
$58.3K $17.16/SF
Area
Atascosa County, TX
Vacancy
10.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,680
Cap Rate 7%
$833,343
Cap Rate 9%
$648,156
Alternative Uses
Best Use
Office B
$833.3K
$729.2K – $972.2K
NOI $58,334 @ 7.0% cap · market cap 5.89%
Second Best
Healthcare Medical
$671.3K
$587.4K – $783.2K
NOI $46,992 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$903.7K
$790.7K – $1.05M
NOI $63,259 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78065, TX
12,048
Population
4,105
Households
2.9
Avg Household Size
37
Median Age
12%
College-Educated
81%
High-School Grad
173.9 sq mi
ZIP Area
69
Density / Sq Mi
$63,653
Median Household Income
$33,043
Median Earnings
$959
Median Rent
$136,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental office for sale with attractive cap rate and increases.
Where is this medical office space located?
The property is located at 821 SCHOOL DR Poteet, TX.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 7.5% Cap Rate; Potential DSO Affiliation; 3% Annual Increases
