Single-Story Brick
New
For Sale
$600,000
1035 SHOOK AVE, San Antonio, TX 78212
Multi-Family (2-8 Units), San Antonio, TX
Property Size3,016 SF
Lot Size0.34 Acres
Price / SF$198.94
Days on Market2
Property Features for 1035 SHOOK AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-4
Elementary school
Lamar
High school
Edison
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
0900
Standard status
Active
Size
3,016 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
15254
Utilities
Cooling system
Central Air
Amenities
common laundry
privacy-fenced yard
covered carport parking
Building Details
Year built
1956
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
(210) 493-3030
Listed By:
Trent Boarnet
(210) 493-3030
Added: Aug 21
Last Checked: Aug 22 at 6:06PM
MLS# 2010527
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-story brick triplex at 1035 SHOOK AVE includes a duplex and a detached studio residence, creating three distinct living spaces totaling 3,016 square feet. The primary unit has two bedrooms, two baths, a bonus room, and formal dining space; the second includes one bedroom and one bath. The studio is separately configured, while all residences share a laundry area with washer and dryer. Interior features include wood flooring, decorative ceilings, updated kitchens and bathrooms, and sizable bedrooms with closet space. Central Air serves the property, which was built in 1956 and includes a privacy-fenced yard and covered carport parking.
The 0.344-acre property is zoned RM-4 and offers access to Highway 281, I-10, I-35, and Loop 410. The surrounding area includes The Pearl, downtown San Antonio, the River Walk, San Antonio Zoo, Japanese Tea Garden, Olmos Basin, restaurants, shops, H-E-B, Central Market, Trinity University, and the University of the Incarnate Word.
The 0.344-acre property is zoned RM-4 and offers access to Highway 281, I-10, I-35, and Loop 410. The surrounding area includes The Pearl, downtown San Antonio, the River Walk, San Antonio Zoo, Japanese Tea Garden, Olmos Basin, restaurants, shops, H-E-B, Central Market, Trinity University, and the University of the Incarnate Word.
Key Highlights
- Three living spaces: a duplex plus a studio residence
- 3,016 square feet across the triplex
- Unit 1035 has 2 bedrooms, 2 baths, and a bonus area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,714
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$694,280
$694.3K
Cap Rate 7%
$495,914
$495.9K
Cap Rate 9%
$385,711
$385.7K
Market Conditions
NOI Build-Up for 3,016 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.5K $17.40/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$49.6K $16.44/SF
− OpEx
−$14.9K −$4.93/SF
NOI
$34.7K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$694,280
Cap Rate 7%
$495,914
Cap Rate 9%
$385,711
Alternative Uses
Best Use
Multifamily LT 5
$495.9K
$433.9K – $578.6K
NOI $34,714 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$440.1K
$385.1K – $513.5K
NOI $30,808 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$769.3K
$673.2K – $897.6K
NOI $53,853 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences include a two-bedroom unit, one-bedroom unit, and studio with shared laundry and covered parking.
Where is this triplex located?
The property is located at 1035 SHOOK AVE San Antonio, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three living spaces: a duplex plus a studio residence; 3,016 square feet across the triplex; Unit 1035 has 2 bedrooms, 2 baths, and a bonus area
