8119 Flores StSan Antonio, TX 78221

  • Medical offices
  • 16,212 SF
For Sale
$6,015,000 View listing

Property Details for 8119 Flores St

Year built
2015
Lot size
1.35 AC
Property size (Sq ft)
16,212 SF
Property type
Medical offices
Property subtype
Medical centers
APN
11759-033-0080
APU
117590330080

Description

This exceptional 16,000 square foot medical office building in San Antonio, Texas presents a compelling investment opportunity. Built in 2016, the single-story building sits on a 1.348-acre lot at 8119 S Flores St, 78221, and is currently leased to U.S. Renal Care, a major national dialysis provider with a strong track record. The property boasts a fee simple ownership structure and a 7.75% cap rate, generating a substantial net operating income (NOI) of $466,171. The asking price is $6,015,000, translating to $375.94 per square foot. The lease features a 10-year term with built-in 3% annual rent increases, providing excellent inflation protection. The tenant's corporate guarantee adds significant security. Located in a high-population-density area (approximately 238,713 people within a 5-mile radius) with high traffic volume (approximately 45,110 vehicles per day), this property offers exceptional stability and growth potential. The absolute NNN lease structure eliminates landlord responsibilities, making this an ideal low-maintenance investment. This is a rare opportunity to acquire a high-performing medical office building with a strong tenant and attractive financial metrics.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,138,768
    6.5%
    $2,897,325
    7%
    $2,690,373
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,684,501
    Geo Method
    $3,684,501
  • Alternative Use

    Use
    Valuation
    Residential
    $3,592,682
    Hospitality
    $3,290,878
    Educational
    $2,737,972
    Medical
    $2,832,135
    Retail
    $4,259,068

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.3443
Longitude
-98.4862
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
$130,810
$234,880
$4,910,120
$5,145,000
-
$234,880
$4,910,120
$5,145,000

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