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    4241 Woodcock Dr San Antonio, TX 78228

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    For Lease
    Contact for pricing

    Two-story office space near South Texas Medical Center.

    Type:Office
    Added:
    Oct 6, 2024
    Days on Market:
    564
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 4241 Woodcock Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1968

    Spaces For Lease

    at 4241 Woodcock Dr Contact us

    Suite C211 $21 /Mo

    Size
    377 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite C213 $21 /Mo

    Size
    327 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite C210 $21 /Mo

    Size
    360 SF
    Type
    Office
    1 Window Office
    Contact us

    Suite C201 $21 /Mo

    Size
    202 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite C244 $21 /Mo

    Size
    1,213 SF
    Type
    Office
    Reception Area, 1 Large Window Office
    Contact us

    Suite C209 $21 /Mo

    Size
    362 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite C214 $21 /Mo

    Size
    241 SF
    Type
    Office
    1 Window Office
    Contact us

    Suite C223 $21 /Mo

    Size
    343 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite C226 $21 /Mo

    Size
    317 SF
    Type
    Office
    1 Window Office
    Contact us

    Suite C221 $21 /Mo

    Size
    351 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite C242 $21 /Mo

    Size
    254 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite C228 $21 /Mo

    Size
    323 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite C232 $21 /Mo

    Size
    364 SF
    Type
    Office
    1 Window Office
    Contact us

    Suite C219 $21 /Mo

    Size
    351 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite C216 $21 /Mo

    Size
    249 SF
    Type
    Office
    1 Window Office
    Contact us

    Suite C238 $21 /Mo

    Size
    765 SF
    Type
    Office
    1 Large Window Office
    Contact us

    Suite C212 $21 /Mo

    Size
    267 SF
    Type
    Office
    1 Window Office
    Contact us

    Suite C222 $21 /Mo

    Size
    262 SF
    Type
    Office
    1 Window Office
    Contact us

    Suite C234 $21 /Mo

    Size
    371 SF
    Type
    Office
    1 Window Office
    Contact us

    Suite B100 $21 /Mo

    Size
    10,007 SF
    Type
    Office
    Reception Area, 16 Window Offices, 9 Interior Offices, 1 Conference Room, Kitchen,...
    show more
    Contact us

    Suite C236 $21 /Mo

    Size
    1,250 SF
    Type
    Office
    1 Large Window Office
    Contact us

    Suite C218 $21 /Mo

    Size
    267 SF
    Type
    Office
    1 Window Office
    Contact us

    Suite C227 $21 /Mo

    Size
    323 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite C215 $21 /Mo

    Size
    351 SF
    Type
    Office
    1 Interior Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Kellie Bunyi

    Listing agent Kellie Bunyi License #TX

    Listing office Boxer Property

    Listing date Oct 6, 2024

    Source Crexi

    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 Boxer Property

    Overview

    Two-Story Office Near Medical Center

    This two-story office property is located within an 11-building office park at 4241 Woodcock Dr., San Antonio, TX 78228. The property is ideally situated adjacent to the South Texas Medical Center and is minutes away from the San Antonio International Airport and the Central Business District. It offers direct access to Loop 410 and the I-10 interchange. The location provides convenient access to surrounding retail options, diverse restaurants, and abundant shopping options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Global Resource Solutions, ... (Bike/Boat/Book/etc) Store Closed Alternative Medicine Practice House Buyers Texas ... Real Estate Agency Upbring Foster In Texas Adoption Agency Northrop Grumman Security Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.56927
    Latitude
    29.4865823

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      Efficient Office Space Available

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    FAQs

    What type of property is this?
    Office building - Two-story office space near South Texas Medical Center.
    Where is this office building located?
    The property is located at 4241 Woodcock Dr San Antonio, TX.
    What are key features of this property?
    This property features: Prime Location: Adjacent to the South Texas Medical Center; Excellent Accessibility: Direct access to Loop 410 and I‑10 interchange; Convenient Transportation: Minutes from San Antonio International Airport
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kellie Bunyi
    Real Estate License ID: TX
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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