8123 Datapoint DrSan Antonio, TX 78229

Property Details for 8123 Datapoint Dr

Year built

1984

Lot size

1.69 AC

Property size (Sq ft)

43,632 SF

Property type

Office properties

APN

13662-000-0273

APU

136620000273

Description

This exceptional San Antonio office complex, located at 8119 & 8123 Datapoint Dr, offers 120,105 square feet of space across two Class B buildings on a 4.83-acre lot. Built in 1985, the property boasts 478 parking spaces and is currently 33% occupied. Zoned C-3 General Commercial, it presents a compelling value-add investment opportunity. Its prime location near the South Texas Medical Center in Northwest San Antonio, with direct access to Fredericksburg Road, makes it ideal for various uses, including potential conversion to medical, lab, or life science space. The property benefits from substantial upgrades and renovations, resulting in high-quality existing office space. A significant advantage is the possibility of a leaseback from Humana for approximately 30,000-40,000 square feet for a three-to-five-year term. The expansive lot allows for future building expansion or additional parking. The property's location within the growth path of the South Texas Medical Center, coupled with limited available land in the area, presents a unique opportunity for owner-occupants, investors, or developers. The buildings can be subdivided for multi-tenant use, further enhancing its investment potential. This property offers a rare chance to acquire a below-replacement-cost asset in a thriving submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $11,124,000

  6.5%

  $10,268,400

  7%

  $9,534,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,916,240

  Geo Method

  $9,916,240

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $20,220,700

  Retail / Commercial

  $10,368,200

  Mixed-Use / Specialty

  $10,330,500

  Hospitality / Lodging

  $7,578,200

  Institutional / Educational

  $10,739,300

  Residential Income

  $12,565,000

  Multifamily

  $15,073,700

  Automotive / Energy

  $9,205,090

  Parking / Income-Based Land

  $3,177,280

  Restaurant / Food Service

  $5,371,410

  Healthcare / Senior Housing

  $10,594,500

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.5167

Longitude

-98.5697

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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