Mixed-Use Property with Water
For Sale
$795,000
926 S Laredo, San Antonio, TX 78204
Multi-Family (2-8 Units), San Antonio, TX
Property Size4,672 SF
Lot Size0.21 Acres
Price / SF$170.16
Days on Market21
Property Features for 926 S Laredo
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-3NA
Elementary school
Bonham
High school
Brackenridge
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
1100
Standard status
Active
Size
4,672 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
8694
Amenities
private drive
water-view rear grounds
Building Details
Year built
1942
Listing Agency:
IH 10 Realty · EXIT Realty
(210) 694-2500
Listed By:
Claire Kim
(210) 287-6535
Added: Aug 18
Changed: Aug 19
Last Checked: Sep 7 at 3:06PM
MLS# 1959481
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 C-3NA mixed-use property encompasses 0.211 acres with 4,672 square feet across 3 parcels and 4 buildings. Constructed in 1942, the site includes a private drive, on-site parking, and rear grounds with views toward San Pedro Creek / Culture Park.
The property is positioned in downtown San Antonio and offers potential for live-work space, studio or retail use, an event venue, restaurant or café, office occupancy, or redevelopment, subject to buyer verification. Its multi-building layout and combination of private access, parking, and creek-oriented outdoor space support a range of commercial and mixed-use concepts.
The property is positioned in downtown San Antonio and offers potential for live-work space, studio or retail use, an event venue, restaurant or café, office occupancy, or redevelopment, subject to buyer verification. Its multi-building layout and combination of private access, parking, and creek-oriented outdoor space support a range of commercial and mixed-use concepts.
Key Highlights
- 3 parcels totaling 0.211 acres
- 4 buildings with 4,672 square feet
- C‑3NA zoning
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
$63,674
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
8.01%
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%
$1,273,480
$1.3M
Cap Rate 7%
$909,629
$909.6K
Cap Rate 9%
$707,489
$707.5K
Market Conditions
NOI Build-Up for 4,672 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
$103.2K $22.08/SF
− Vacancy
−$18.3K −$3.91/SF
EGI
$84.9K $18.17/SF
− OpEx
−$21.2K −$4.54/SF
NOI
$63.7K $13.63/SF
Area
San Antonio, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
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%
$1,273,480
Cap Rate 7%
$909,629
Cap Rate 9%
$707,489
Alternative Uses
Best Use
Office B
$909.6K
$795.9K – $1.06M
NOI $63,674 @ 7.0% cap · market cap 8.01%
Second Best
Mixed Use
$856.0K
$749.0K – $998.6K
NOI $59,918 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,422 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 78204, TX
11,298
Population
6,210
Households
1.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
4,184
Density / Sq Mi
$54,667
Median Household Income
$35,107
Median Earnings
$1,516
Median Rent
$142,200
Median Home Value
Market
Vacancy Rate% for Office in San Antonio, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three parcels include four buildings, private access, parking, and rear grounds overlooking San Pedro Creek / Culture Park.
Where is this mixed-use property located?
The property is located at 926 S Laredo San Antonio, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3 parcels totaling 0.211 acres; 4 buildings with 4,672 square feet; C‑3NA zoning
