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    2000 Medical Pkwy San Marcos, TX 78666
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    2000 Medical Pkwy, San Marcos, TX 78666

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    • Office Spaces
    • 2,960 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CPL / Laboratory
    • Clinical Pathology Laboratories (CPL) - MedPark / Laboratory
    • Clinical Pathology Laboratories (CPL) - San Marcos Regional Office / Laboratory
    • MedPark Hearing Center / Hearing Aid Store / Hearing Aid Repair Service

    Property Details for 2000 Medical Pkwy

    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 2,960 square foot medical office building is located at 2000 Medical Parkway, San Marcos, Texas, 78666, in Hays County. The property, identified as 2002B/2000A, presents a compelling value-add investment opportunity. It features two fully built-out 1,400 square foot medical office suites, ideal for a variety of medical practices. The building benefits from its strategic location within the San Marcos Medical District, adjacent to Christus Santa Rosa Hospital – San Marcos. This prime location ensures high visibility and convenient access for patients and staff. The property's strong position is further enhanced by the presence of numerous new multifamily construction sites nearby, indicating a growing and vibrant community. High traffic counts of 21,150 vehicles per day on nearby Wonder World Drive provide excellent accessibility and exposure. The asking price is $250 per square foot. This presents a rare chance to acquire a well-situated, income-producing medical office building in a thriving Texas market. The property is offered for sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.9476
    Latitude
    29.8537

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      000 Fm 110

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      000 Fm 110, San Marcos, TX 78666
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    • Value Estimation by Request
      27,300 SF

      120 Riverwalk Dr

      Medical Office Space
      120 Riverwalk Dr, San Marcos, TX 78666
      View Details
    • Value Estimation by Request
      0.20 Acres

      310 Stagecoach Trl, Unit 1

      CONDOMINIUM OFFICES
      310 Stagecoach Trl, San Marcos, TX 78666-5134
      View Details
    • Value Estimation
      $1,785,000
      35,944 SF

      1305 Wonder World Dr Ste, Unit 103

      CONDOMINIUM OFFICES
      1305 Wonder World Dr Ste, San Marcos, TX 78666-7502
      View Details
    • Value Estimation
      $1,780,000
      35,944 SF

      1305 Wonder World Dr Ste, Unit 304

      CONDOMINIUM OFFICES
      1305 Wonder World Dr Ste, San Marcos, TX 78666-7542
      View Details
    • Value Estimation
      $905,000
      17,972 SF

      1305 Wonder World Dr Ste, Unit 306

      CONDOMINIUM OFFICES
      1305 Wonder World Dr Ste, San Marcos, TX 78666-7542
      View Details

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    San Marcos, TX 78666
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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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