Single-Story Medical Office
New
For Sale
$1,329,000
9518 Tioga Dr, San Antonio, TX 78230
Configured with private rooms, executive suites, reception, waiting, and staff kitchen areas.
Property Size3,720 SF
Lot Size0.53 Acres
Price / SF$357.26
Days on Market1
Property Features for 9518 Tioga Dr
General Information
Standard status
Active
Size
3,720 SF
Total Parking Spaces
20
Lot size
0.53 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
staff kitchen
Building Details
Year Built
2020
Buildings
1
Stories
1
Building Size
3,720 SF
Listing Agency:
Kuper Sotheby's Int'l Realty
Listed By:
Carmen Lucas (carmen.lucas@kupersir.com)
Source:
Realtyvortex
Added: Sep 19
Last Checked: Sep 19 at 7:30AM
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 Kuper Sotheby's Int'l Realty
Investment Insights
Based on property information with market context.
Built in 2020, this single-story medical office property contains approximately 3,720 square feet on a 0.53-acre corner lot. The floor plan includes 14 private offices or treatment rooms, two executive suites with individual restrooms, two public restrooms, and an additional employee restroom. A dedicated reception area, spacious waiting area, and large staff kitchen support day-to-day operations. The property is currently operating as a medical practice and can accommodate healthcare, wellness, dental, therapy, or other professional office uses.
The site is near San Antonio's Medical Center, with access to I-10 and major roadways. Dining and surrounding businesses are also located nearby, adding convenience for staff, patients, and visitors.
The site is near San Antonio's Medical Center, with access to I-10 and major roadways. Dining and surrounding businesses are also located nearby, adding convenience for staff, patients, and visitors.
Key Highlights
- Approximately 3,720 square feet on a 0.53‑acre corner lot
- 14 private offices or treatment rooms
- Two executive suites, each with a private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,699
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,013,980
$1.0M
Cap Rate 7%
$724,271
$724.3K
Cap Rate 9%
$563,322
$563.3K
Market Conditions
NOI Build-Up for 3,720 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.1K $22.08/SF
− Vacancy
−$14.5K −$3.91/SF
EGI
$67.6K $18.17/SF
− OpEx
−$16.9K −$4.54/SF
NOI
$50.7K $13.63/SF
Area
San Antonio, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,013,980
Cap Rate 7%
$724,271
Cap Rate 9%
$563,322
Alternative Uses
Best Use
Office B
$724.3K
$633.7K – $845.0K
NOI $50,699 @ 7.0% cap · market cap 3.81%
Second Best
Healthcare Medical
$613.0K
$536.4K – $715.1K
NOI $42,908 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$948.9K
$830.3K – $1.11M
NOI $66,424 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78230, TX
42,145
Population
21,191
Households
2
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
10.5 sq mi
ZIP Area
4,014
Density / Sq Mi
$71,564
Median Household Income
$40,281
Median Earnings
$1,289
Median Rent
$355,400
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 San Antonio, TX
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with private rooms, executive suites, reception, waiting, and staff kitchen areas.
Where is this medical office space located?
The property is located at 9518 Tioga Dr San Antonio, TX.
What is the asking price?
The asking price for this property is $1,329,000.
What are key features of this property?
This property features: Approximately 3,720 square feet on a 0.53‑acre corner lot; 14 private offices or treatment rooms; Two executive suites, each with a private restroom
