151 Stagecoach TrlSan Marcos, TX 78666

Property Details for 151 Stagecoach Trl

Year built

2018

Lot size

2.47 AC

Property size (Sq ft)

26,500 SF

Property type

Commercial real estate

APN

R151760

APU

R151760

Description

Exceptional investment opportunity in San Marcos, Texas. This 24,574 square foot, two-story Class A medical office building, constructed in 2019, boasts a 7.75% cap rate and is 100% leased to five credit tenants. The property is anchored by Baptist Healthcare Network, a prominent regional healthcare system with over 100 locations, ensuring strong and stable cash flow. The building enjoys a prime location at 151 Stagecoach Trail, offering easy access to affluent Southwest San Marcos neighborhoods and the rest of the city via major roadways. The thriving San Marcos market features a 93% occupancy rate in this competitive submarket, and benefits from a population of 73,644 and an average annual growth of 3.5%. Further enhancing its value, a 2.2-acre adjacent parcel is included, zoned and serviced for future development, presenting significant expansion potential. The property's proximity to Texas State University, with its 35,000+ students, adds to its long-term appeal. The asking price is $8,450,000, translating to $343.86 per square foot. This property is situated on a 2.4-acre lot and is zoned General Commercial (GC). This is a rare opportunity to acquire a high-performing, fully leased medical office building with significant upside potential in a rapidly growing Texas market.

• Alternative Use

  Use

  Valuation

  Residential

  $10,203,962

  Hospitality

  $9,346,775

  Educational

  $7,776,407

  Medical

  $8,043,850

  Retail

  $12,096,633

Location Insight

City

San Marcos

County

Hays

State

Texas

Latitude

29.8635

Longitude

-97.9652

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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