Renovated Medical Office
New
For Sale
$2,890,000
8800 Village Dr, San Antonio, TX 78217
The vacant property offers a renovated section and can be configured for one occupant or multiple medical practices.
Property Size22,265 SF
Lot Size0.84 Acres
Price / SF$129.80
Days on Market2
Property Features for 8800 Village Dr
General Information
Standard status
Active
Size
22,265 SF
Lot size
0.84 Acres
Property subtype
Office Medical
Site & Location
Neighborhood
Longhorn
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Medical Office
Amenities
100% Vacant with Immediate Occupancy Available
Directly Across from Northeast Baptist Hospital
Flexible Single-Tenant or Multi-Tenant Configuration
Opportunity to Create Value Through Owner Occupancy or Lease-Up
Building Details
Building Size
22,265 SF
Year Built
1972
Buildings
1
Listing Agency:
Fort Worth Office
Listed By:
Brad Mills · License #License(s): TX: 732895
(817) 932-6137
Source:
Marcusmillichap
Added: Oct 28
Last Checked: Oct 28 at 3:23PM
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 Fort Worth Office
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Investment Insights
Based on property information with market context.
This 22,265-square-foot medical office property occupies 0.84 acres and dates to 1972. It is fully vacant, and a section of the building has undergone recent renovation. The layout can support either one occupant or a multi-tenant medical office arrangement.
Northeast Baptist Hospital is directly across Village Drive. The property sits just off Loop 410, with access to Interstate 35 and US Highway 281. Approximately 263,382 residents live within a five-mile radius.
Northeast Baptist Hospital is directly across Village Drive. The property sits just off Loop 410, with access to Interstate 35 and US Highway 281. Approximately 263,382 residents live within a five-mile radius.
Key Highlights
- 22,265‑square‑foot medical office property on 0.84 acres
- 100% vacant, with a recently renovated portion
- Can accommodate single‑tenant or multi‑tenant medical office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$256,813
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,136,260
$5.1M
Cap Rate 7%
$3,668,757
$3.7M
Cap Rate 9%
$2,853,478
$2.9M
Market Conditions
NOI Build-Up for 22,265 SF
Gross rent
$480.9K $21.60/SF
− Vacancy
−$52.9K −$2.38/SF
EGI
$428.0K $19.22/SF
− OpEx
−$171.2K −$7.69/SF
NOI
$256.8K $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%
$5,136,260
Cap Rate 7%
$3,668,757
Cap Rate 9%
$2,853,478
Alternative Uses
Best Use
Office B
$4.33M
$3.79M – $5.06M
NOI $303,447 @ 7.0% cap · market cap 10.50%
Second Best
Healthcare Medical
$3.67M
$3.21M – $4.28M
NOI $256,813 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$5.68M
$4.97M – $6.63M
NOI $397,560 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,468
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78217, TX
33,562
Population
16,179
Households
2.1
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
10.1 sq mi
ZIP Area
3,323
Density / Sq Mi
$56,852
Median Household Income
$33,931
Median Earnings
$1,186
Median Rent
$216,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Antonio, TX
Similar Off Market Nearby
- Ray Trimmier — 3100 Nacogdoches Rd #103, San Antonio, TX 78217
- Loop 410 Veterinary Hospital — 3100 Nacogdoches Rd #103, San Antonio, TX 78217
Frequently Asked Questions
What type of property is this?
Medical Office Space - The vacant property offers a renovated section and can be configured for one occupant or multiple medical practices.
Where is this medical office space located?
The property is located at 8800 Village Dr San Antonio, TX.
What is the asking price?
The asking price for this property is $2,890,000.
What are key features of this property?
This property features: 22,265‑square‑foot medical office property on 0.84 acres; 100% vacant, with a recently renovated portion; Can accommodate single‑tenant or multi‑tenant medical office use
