For Sale
$4,500,000

700 Zarzamora St San Antonio, TX 78207

San Antonio Office: High NOI, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a four-story, 49,179 square foot Class B office building located at 700 S Zarzamora St, San Antonio, Texas 78207. The property, built in 1975 and renovated in 2016, sits on a 1.81-acre lot (APN: 02427-001-0270) and boasts a 100% occupancy rate, generating a strong Net Operating Income (NOI) of $433,156, representing a 9.63% capitalization rate. The asking price is $4,500,000, translating to a price per square foot of $91.50. The building is zoned C-2, O-1 and features a mix of medical and professional office tenants. Recent improvements include a painted and power-washed exterior (pre-Q2 2020), the addition of digital signage and security cameras, and Secure Open Path Security. While the roof is over 20 years old and lacks a warranty, it's reported to be in good condition with no leaks since acquisition. This stabilized investment is situated in a growing San Antonio submarket, offering close proximity to other medical complexes and retail assets, ensuring strong tenant demand and long-term value appreciation. This property represents a compelling opportunity for investors seeking stable cash flow and significant return on investment within a thriving commercial district.

Highlights

  • 49,179 SF Class B office building, 100% occupied, generating $433,156 NOI.
  • Exterior recently painted and power-washed.
  • New digital signage, security cameras, and Secure Open Path Security system installed.
  • Roof in good condition, no leaks reported since acquisition (though over 20 years old and lacks warranty).
  • Tenant mix includes medical and professional offices.
  • Located in a growing San Antonio submarket with nearby medical and retail amenities.

Property Details for 700 Zarzamora St

Property type
Office properties
Square Feet
49,179 SF
Class
B
Year Built/Renovated
1975/2016
Buildings
1
Stories
4
Lot Size (sq. ft)
78,844 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.4213867
Longitude
-98.527177

FAQs

What type of property is this?
Office property - San Antonio Office: High NOI, 100% Occupancy
Where is the office property located?
The property is located at 700 Zarzamora St San Antonio, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 49,179 SF Class B office building, 100% occupied, generating $433,156 NOI.; Exterior recently painted and power-washed.; New digital signage, security cameras, and Secure Open Path Security system installed.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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700 Zarzamora St
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