Medical Office Shell
New
For Sale
$1,484,560
9819 Huebner Rd, San Antonio, TX 78240
Pylon signage and healthcare-oriented surroundings support a visible Northwest San Antonio office setting.
Property Size5,302 SF
Lot Size0.50 Acres
Price / SF$280
Days on Market3
Property Features for 9819 Huebner Rd
General Information
Standard status
Active
Size
5,302 SF
Class
Class A
Total Parking Spaces
20
Lot size
0.50 Acres
Property subtype
Office/Medical/Prof Bldg
Zoning
O-1
Occupancy
100%
Net Operating Income
$96,496
Financials
Asking Price
$1,484,560
Cap Rate
6.5%
Gross Income
$130,000
Opportunity Zone
No
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Sprinkler System
Yes
Office Units
5
Amenities
fitness center
conference room
Building Details
Year Built
2024
Buildings
1
Stories
1
Building Size
5,302 SF
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Mission Real Estate Group
(210) 690-0050
Listed By:
Joe Iley · License #0554437
(210) 833-8137
Source:
Pioneerrealtypartners
Added: Sep 15
Changed: Sep 17
Last Checked: Sep 16 at 1:51PM
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 Mission Real Estate Group
Investment Insights
Based on property information with market context.
Built in 2024, this approximately 5,302-square-foot shell building is configured for medical office use within Huebner Creek Office Park. The property is part of an approximately 59,821-square-foot office development and provides a new shell condition for build-out planning.
The site is positioned along Huebner Road at the northern edge of the South Texas Medical Center in Northwest San Antonio. Pylon signage supports property identification, while the surrounding healthcare market includes hospitals, medical institutions, and professional services. The location also provides access to the broader office park environment and nearby medical activity.
The site is positioned along Huebner Road at the northern edge of the South Texas Medical Center in Northwest San Antonio. Pylon signage supports property identification, while the surrounding healthcare market includes hospitals, medical institutions, and professional services. The location also provides access to the broader office park environment and nearby medical activity.
Key Highlights
- Approximately 5,302 SF shell building
- Built in 2024
- Part of an approximately 59,821 SF office development
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
$72,260
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
4.87%
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%
$1,445,200
$1.4M
Cap Rate 7%
$1,032,286
$1.0M
Cap Rate 9%
$802,889
$802.9K
Market Conditions
NOI Build-Up for 5,302 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
$117.1K $22.08/SF
− Vacancy
−$20.7K −$3.91/SF
EGI
$96.3K $18.17/SF
− OpEx
−$24.1K −$4.54/SF
NOI
$72.3K $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%
$1,445,200
Cap Rate 7%
$1,032,286
Cap Rate 9%
$802,889
Alternative Uses
Best Use
Office B
$1.03M
$903.3K – $1.20M
NOI $72,260 @ 7.0% cap · market cap 4.87%
Second Best
Healthcare Medical
$873.6K
$764.4K – $1.02M
NOI $61,155 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,671 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78240, TX
56,112
Population
27,713
Households
2
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
11.2 sq mi
ZIP Area
5,010
Density / Sq Mi
$62,203
Median Household Income
$41,812
Median Earnings
$1,283
Median Rent
$245,100
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Pylon signage and healthcare-oriented surroundings support a visible Northwest San Antonio office setting.
Where is this medical office space located?
The property is located at 9819 Huebner Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $1,484,560.
What are key features of this property?
This property features: Approximately 5,302 SF shell building; Built in 2024; Part of an approximately 59,821 SF office development
