Industrial Flex Space For
For Sale
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10000 McCullough Ave, San Antonio, TX 78216
Industrial flex space located near 281 N/McAllister Fwy.
Property Size3,030 SF
Price / SF$196.37
Days on Market150
Property Features for 10000 McCullough Ave
General Information
Standard status
Active
Size
3,030 SF
Property subtype
Industrial, Office
Zoning
C-3
Building Details
Year Built
1970
Buildings
1
Units
3
Listing Agency:
The Horn Company
Listed By:
Roy Horn III · License #TX 468733
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 12 at 10:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Horn Company
Investment Insights
Based on property information with market context.
This industrial flex space is located just a half block south of 281 N/McAllister Freeway. The property was formerly occupied by Lotus Manufacturing Company, a chocolate and flavorings sales company. The 3,030-square-foot interior includes office, production, and storage rooms. Views to the North, West, and South are available from the property.
Key Highlights
- Ideally situated just 1/2 block south of 281 N./McAllister Fwy.
- Industrial Flex property.
- Suitable for office, production, and storage.
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
$41,296
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
6.94%
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%
$825,920
$825.9K
Cap Rate 7%
$589,943
$589.9K
Cap Rate 9%
$458,844
$458.8K
Market Conditions
NOI Build-Up for 3,030 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
$66.9K $22.08/SF
− Vacancy
−$11.8K −$3.91/SF
EGI
$55.1K $18.17/SF
− OpEx
−$13.8K −$4.54/SF
NOI
$41.3K $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%
$825,920
Cap Rate 7%
$589,943
Cap Rate 9%
$458,844
Alternative Uses
Best Use
Office B
$589.9K
$516.2K – $688.3K
NOI $41,296 @ 7.0% cap · market cap 6.94%
Second Best
Warehouse
$300.7K
$263.1K – $350.8K
NOI $21,047 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$772.9K
$676.3K – $901.7K
NOI $54,103 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,483
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78216, TX
40,172
Population
22,138
Households
1.8
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
14.1 sq mi
ZIP Area
2,849
Density / Sq Mi
$55,488
Median Household Income
$38,591
Median Earnings
$1,211
Median Rent
$281,700
Median Home Value
Market
Vacancy Rate% for Office in San Antonio, TX
Questions? Ask Rey
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Similar Off Market Nearby
- Ray's Catering — 445 McCarty Rd, San Antonio, TX 78216
- Apple Spice Box Lunch Catering Co. — 859 isom rd, san antonio, tx 78216
- Absolutely Delicious LLC — 10223 Sahara St, San Antonio, TX 78216
- Apple Spice Box Lunch Delivery & Catering San Antonio, TX — 859 Isom Rd, San Antonio, TX 78216
- A Matter of Taste Catering — 455 McCarty Rd, San Antonio, TX 78216
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex space located near 281 N/McAllister Fwy.
Where is this flex space located?
The property is located at 10000 McCullough Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Ideally situated just 1/2 block south of 281 N./McAllister Fwy.; Industrial Flex property.; Suitable for office, production, and storage.
