4115 Medical DrSan Antonio, TX 78229

Property Details for 4115 Medical Dr

Year built

1983

Lot size

2.25 AC

Property size (Sq ft)

3,708 SF

Property type

Office properties

APN

14595-000-0200

APU

145950000200

Description

This exceptional five-building office park, totaling 26,888 net rentable square feet on a 2.25-acre lot in San Antonio, Texas, presents a compelling value-add investment opportunity. Built in 1983 and renovated in 2014, the property boasts significant recent capital improvements, including roof replacements, HVAC system upgrades, landscape enhancements, and interior renovations. Currently operating at 75.2% occupancy with a gross lease structure, the property offers flexible space options suitable for medical, storefront, and traditional office tenants. Its prime location minutes from Interstate 10 and the South Texas Medical Center, a hub employing over 30,000 individuals, ensures high visibility and strong tenant demand. The C-2 zoning allows for the incorporation of retail uses, further diversifying the tenant mix and mitigating market risk, especially given the low retail vacancy rate in the submarket. The property features ample parking, attractive common areas, and mature landscaping. Significant upside potential exists through increased rental rates, enhanced management strategies, and the potential development of a sixth building to capitalize on the high-traffic location along Medical Drive (11,420 vehicles per day). The asking price is $3,087,500.

• CAP approach

  CAP return

  Valuation

  6%

  $834,142

  6.5%

  $769,977

  7%

  $714,978

• Comparable approach

  Method

  Valuation

  Relative Method

  $842,717

  Geo Method

  $842,717

• Alternative Use

  Use

  Valuation

  Residential

  $954,771

  Hospitality

  $874,565

  Educational

  $727,628

  Medical

  $752,652

  Retail

  $1,131,866

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.5159

Longitude

-98.5657

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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