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Property profile & analytics
FOR LEASE
Medical Office Space
21 Spurs Ln San Antonio, TX 78240
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-1706867
For Lease
1 / 6
$33 SF/Yr
21 Spurs Ln, San Antonio, TX 78240
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
134,240 SF
Lot
5.76 ac (251,036 SF)
APN
17660-004-0070
UPID
US82-1706867
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SMASA - Sports Medicine Associates of San Antonio (Orthopedics) at Medical Center Physician
-
Ear Medical Group Medical Clinic Physician
-
Retina Consultants of Texas: Dr. Moises A. Chica, MD Ophthalmologist
-
Dr. Darrell E. Baskin Ophthalmologist
-
Retina Consultants of Texas: Dr. Richard G. Lane Jr, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.34M
Owner & transaction history
Spurs Lane San Antonio LLC · 2 yrs held
Spurs Lane San Antonio LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Antonio submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Antonio submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$32 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$645,365
Tax year 2023
Assessed value
$28,100,000
Assessed 2023
Previous assessed
$28,100,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$2,143,850
Assessed improvement
$25,956,150
Land market value
$2,143,850
Improvement market value
$25,956,150
Total market value
$28,100,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2005
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
134,240 SF
Lot
5.76 ac (251,036 SF)
APN
17660-004-0070
UPID
US82-1706867
Jurisdiction
BEXAR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.76 ac
Current owner
From public records · entity-resolved
Spurs Lane San Antonio LLC
Entity
Mailing address
255 WASHINGTON ST, NEWTON, MA 02458-1637
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
—
Spurs Lane San Antonio LLC
Snh Ns Mtg Properties 2 Trust
Special Warranty Deed
—
Apr 10, 2014
—
Snh Ns Mtg Properties 2 Trust
Sports Sa Holdings LP
Grant Deed
related
—
Oct 18, 2004
—
Sports Sa Holdings
Healthsouth Real Prop Holding
Grant Deed
related
—
—
—
Sports Sa Holdings LP
—
Loan Modification
related
$15,630,064 · Thrivent Fin'l/lutherans
—
—
Sports Sa Holdings
—
Deed Of Trust
related
$18,000,000 · Thrivent Financial For Luthera
—
—
Sports Sa Holdings
—
Deed Of Trust
related
$944,000 · Frost National Bank
—
—
Sports Sa Holdings
—
Deed Of Trust
related
$4,062,996 · Frost National Bank
—
—
Sports Sa Holdings
—
Deed Of Trust
related
$13,513,866 · Frost National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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