Fully Leased Medical Office Building For Sale

Highlights:

• Stable, Recession-Resistant Income Stream
• Long-Term Leases with Renewal Potential
• Prime Suburban Location with Growth Tailwinds
• Low-Maintenance, Investor-Friendly Structure
• Essential Healthcare Tenants

Description:

1314 Constantinople Street is a premier, fully leased medical office building located in the heart of Castroville, Texas—the charming “Little Alsace of Texas”—just 25 miles west of downtown San Antonio. This 5,028 square foot, single-story asset sits on a 17,298 square foot lot (APN: 13647) and was originally constructed in 1988, with comprehensive renovations completed in 2019 and 2022. The property is being offered at $3,000,000, representing a compelling 6.18% cap rate based on in-place Net Operating Income (NOI) of approximately $185,460 in Year 1. The building benefits from a strategic suburban location along the booming US Highway 90 corridor, where rapid residential growth— including over 7,000 new home starts—has driven median home prices up 41.2% year-over-year to $570,000. This expansion supports increasing demand for essential healthcare services, positioning the property in a high-growth market with strong demographic tailwinds.

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