2515 Babcock RdSan Antonio, TX 78229

Property Details for 2515 Babcock Rd

Year built

1995

Lot size

0.57 AC

Property size (Sq ft)

4,350 SF

Property type

Medical offices

Property subtype

Medical centers

APN

17108-001-0220

APU

171080010220

Description

This exceptional San Antonio medical office building, located at 2515 Babcock Rd, presents a compelling investment opportunity. The property boasts 4,350 square feet of net rentable space, currently occupied under a single-tenant, net-lease agreement. The lease, structured as a triple-net (NNN) arrangement, commenced February 1, 2024, and extends through January 31, 2029, with a remaining term of approximately 4.2 years. The tenant, an established medical practice, has occupied the space since March 1, 2022, ensuring consistent occupancy at 100%. The lease includes 3% annual rent bumps and two five-year renewal options, providing long-term income stability. The property features a 5.31% cap rate based on a net operating income (NOI) of $142,677 and an asking price of $2,685,000. Built in 1995 and renovated in 2022, this single-story building sits on a 0.574-acre lot zoned C-3. This is a 1031 exchange eligible property, making it an attractive option for investors seeking tax advantages. The property's strong tenant history, favorable lease terms, and prime location in Bexar County, Texas, make it an ideal addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $978,564

  6.5%

  $903,290

  7%

  $838,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $988,624

  Geo Method

  $988,624

• Alternative Use

  Use

  Valuation

  Residential

  $1,120,080

  Hospitality

  $1,025,987

  Educational

  $853,609

  Medical

  $882,966

  Retail

  $1,327,836

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.507

Longitude

-98.5866

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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