Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2040 Babcock Rd San Antonio, TX 78229-4425

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2040 Babcock Rd San Antonio, TX 78229-4425

    View on Map
    • Medical Office Space
    • 34,391 SF
    • 1.13 lot acres
    Off-Market
    Last Sale Nov 3, 2023
    Property ID
    US82-2152973
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,535,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • iGenomeDx Inc / Medical Laboratory
    • Edison Electricians of San Antonio / Electrical Service / General Contractor
    • UpQuark Technologies / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • HBHS REIA / Real Estate Agency
    • Sigma Primary Care / Physician

    Property Details for 2040 Babcock Rd

    Year built
    1990
    Lot size
    1.13 lot acres
    Property size
    34,391 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    11612-002-0331
    APU
    116120020331

    Description

    This four-story, 32,011-square-foot medical office building in San Antonio, Texas, offers a single-tenant opportunity. Built in 1990 and renovated in 2006, the property boasts 13-foot ceilings and is situated on 1.13 acres of land. Located directly across from UT Health in the Medical Center, it provides exceptional visibility and accessibility. The building features 96 surface parking spaces and additional covered parking. Floor plans range from 1,262 to 5,000 square feet, with typical floors around 8,700 square feet. Amenities include high-profile signage opportunities, 24-hour access with controlled entry, natural and accent lighting, central heating and air conditioning, and high-speed Wi-Fi. The property is zoned 0-2 and presents a compelling opportunity for medical practices seeking a prominent location with ample space and modern amenities. This is an ideal setting for establishing a new practice or expanding an existing one. The building's strategic location and well-appointed spaces offer a perfect environment for success.

    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 Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5806
    Latitude
    29.5013
    CBSA code
    41700
    CBSA name
    SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $96,734
    $954,030
    $3,257,900
    $4,211,930
    -
    $954,030
    $3,257,900
    $4,211,930

    Comparable in this City

    • Value Estimation
      $2,735,000
      24,922 SF

      3939 Medical Dr

      MEDICAL BUILDING • 24,922 SF
      3939 Medical Dr, San Antonio, TX 78229-2291
      View Details
    • Value Estimation
      $21,285,000
      140,276 SF

      4383 Medical Dr

      MEDICAL BUILDING • 140,276 SF
      4383 Medical Dr, San Antonio, TX 78229-3307
      View Details
    • Value Estimation
      $1,565,000
      51,553 SF

      4647 Medical Dr

      MEDICAL BUILDING • 51,553 SF
      4647 Medical Dr, San Antonio, TX 78229-4403
      View Details
    • Value Estimation
      $1,090,000
      20,260 SF

      7622 Louis Pasteur Dr

      MEDICAL BUILDING • 20,260 SF
      7622 Louis Pasteur Dr, San Antonio, TX 78229-4037
      View Details
    • Value Estimation
      $1,685,000
      16,589 SF

      7726 Louis Pasteur Dr

      MEDICAL BUILDING • 16,589 SF
      7726 Louis Pasteur Dr, San Antonio, TX 78229-3402
      View Details
    • Value Estimation
      $1,715,000
      9,740 SF

      4511 Loop 410

      MEDICAL BUILDING • 9,740 SF
      4511 Loop 410, San Antonio, TX 78229-5124
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,494 SF

      Medical Office Space in San Antonio

      Prime medical/office space in San Antonio's Medical Center area.
      5107 Medical Dr, San Antonio, TX 78229
      View Details
    • Contact for pricing
      12,012 SF

      Medical Office Building in Medical Center

      Two-story, 12,012 SF medical office building in San Antonio.
      4775 Hamilton Wolfe Rd, San Antonio, TX 78229
      View Details
    • $500,000
      31,025 SF

      31,025 SF Office Building

      Office building with on-site management and move-in ready suites.
      9501 Console Dr, San Antonio, TX 78229
      View Details
    • Contact for pricing
      80,094 SF

      Office Buildings Near Medical Center

      Office buildings available for purchase near South Texas Medical Center.
      8119 Datapoint Dr, San Antonio, TX 78229
      View Details
    • Contact for pricing
      14,424 SF

      Loop 410 Office Building

      Office building available for sale on Northwest Loop 410.
      4423 Loop St Northwest, San Antonio, TX 78229
      View Details
    • Contact for pricing

      Value-Add Office Building Opportunity

      Partially leased office building near Medical Center, San Antonio.
      7541 Mocking Bird Ln, San Antonio, TX 78229
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office and Retail Center

      Mixed-use medical office and retail center near San Antonio Medical Center.
      2414 Babcock Rd, San Antonio, TX 78229
      View Details
    • Contact for pricing
      2,596 SF

      Medical Office Space for Lease

      Class A medical office space in South Texas Medical Center.
      2829 Babcock Rd, San Antonio, TX 78229
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space Near Medical Center

      Retail space with high visibility near a medical center.
      4343 Medical Dr, San Antonio, TX 78229
      View Details
    • Contact for pricing

      Medical Office Complex For Rent

      Seven-building medical office complex with flexible floor plans.
      5360 Fredericksburg Rd, San Antonio, TX 78229
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Medical office space available in the South Texas Medical Center.
      7434 Louis Pasteur Dr, San Antonio, TX 78229
      View Details
    • Contact for pricing
      554 SF

      Medical/Office Space Available

      554 SF medical/office space for rent.
      7940 Floyd Curl Dr, San Antonio, TX 78229
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2040 Babcock Rd
    San Antonio, TX 78229-4425
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!