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    4115 Medical Dr San Antonio, TX 78229

    Sponsored
    For Sale
    $3,087,500

    Five-building office park, value-add opportunity.

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional five-building office park, totaling 26,888 net rentable square feet on a 2.25-acre lot in San Antonio, Texas, presents a compelling value-add investment opportunity. Built in 1983 and renovated in 2014, the property boasts significant recent capital improvements, including roof replacements, HVAC system upgrades, landscape enhancements, and interior renovations. Currently operating at 75.2% occupancy with a gross lease structure, the property offers flexible space options suitable for medical, storefront, and traditional office tenants. Its prime location minutes from Interstate 10 and the South Texas Medical Center, a hub employing over 30,000 individuals, ensures high visibility and strong tenant demand. The C-2 zoning allows for the incorporation of retail uses, further diversifying the tenant mix and mitigating market risk, especially given the low retail vacancy rate in the submarket. The property features ample parking, attractive common areas, and mature landscaping. Significant upside potential exists through increased rental rates, enhanced management strategies, and the potential development of a sixth building to capitalize on the high-traffic location along Medical Drive (11,420 vehicles per day). The asking price is $3,087,500.

    Property Features for 4115 Medical Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,000 SF
    Class
    C
    Lot Size
    98,010 SF

    Building Details

    Year Built/Renovated
    1983/2014
    Buildings
    5
    Stories
    2

    HighLights

    • Five‑building office/retail park near South Texas Medical Center.
    • Value‑add opportunity in San Antonio's strong economy.
    • Excellent rent growth potential; flexible space for diverse tenants.
    • Attractive property with classic architecture and common areas.
    • Expands leasable space and cash flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Feral Nails TX Nail Salon Gulf Coast Pharmacy Pharmacy Rosalinda Sanchez Social Worker Table for One Massage ... Massage Therapist Visual Network Solutions Computer Support And Services

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Clothing Store Nail Salon Food Market Grocery Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.565796638209
    Latitude
    29.515585437296

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    FAQs

    What type of property is this?
    Individual retail property - Five-building office park, value-add opportunity.
    Where is this individual retail property located?
    The property is located at 4115 Medical Dr San Antonio, TX.
    What is the asking price?
    The asking price for this property is $3,087,500.
    What are key features of this property?
    This property features: Five-building office/retail park near South Texas Medical Center.; Value-add opportunity in San Antonio's strong economy.; Excellent rent growth potential; flexible space for diverse tenants.
    Request Owner's contact information
    4115 Medical Dr San Antonio, TX 78229
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    Realmo Value Estimation

    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.

    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.

    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
    4115 Medical Dr San Antonio, TX 78229
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