Renovated Multi-Tenant Flex
For Sale
$379,000
1020 Roosevelt, San Antonio, TX 78210
Standalone commercial building with adaptable interiors, modern systems, and plumbing and wiring prepared for expansion.
Property Size2,400 SF
Price / SF$157.92
Days on Market31
Property Features for 1020 Roosevelt
General Information
Standard status
Active
Size
2,400 SF
Building Details
Year Built
1964
Buildings
1
Listing Agency:
Yndo Commercial Real Estate Co
(210) 771-0334
Listed By:
Stephen Yndo · License #0346184
Source:
Drialtor
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 29 at 12:30PM
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 Yndo Commercial Real Estate Co
Investment Insights
Based on property information with market context.
This standalone flex space provides 2,400 SF in a recently renovated commercial building originally constructed in 1964. The adaptable layout can accommodate up to three tenants or support a live/work configuration. Interior features include soaring ceilings, sealed concrete floors, exposed structural elements, custom cabinetry, quartz surfaces, high-efficiency HVAC, a tankless water heater, dual-space alarm capability, and a full bathroom with shower. Plumbing and wiring are in place for future expansion.
The property is located at 1020 Roosevelt on Roosevelt Avenue in San Antonio, with freeway visibility and direct access toward Downtown. Its stated surrounding context includes the River Artes District, Lone Star Brewery development, Downtown’s Project Marvel entertainment district, King William, Lavaca, the South Alamo Strip, Mission Trail, and Southtown’s cafe and gallery scene.
The configuration is suited to flexible commercial occupancy, including boutique retail, creative office, cafe, studio, or hybrid use, as described for the property.
The property is located at 1020 Roosevelt on Roosevelt Avenue in San Antonio, with freeway visibility and direct access toward Downtown. Its stated surrounding context includes the River Artes District, Lone Star Brewery development, Downtown’s Project Marvel entertainment district, King William, Lavaca, the South Alamo Strip, Mission Trail, and Southtown’s cafe and gallery scene.
The configuration is suited to flexible commercial occupancy, including boutique retail, creative office, cafe, studio, or hybrid use, as described for the property.
Key Highlights
- 2,400 SF standalone commercial building on Roosevelt Avenue
- Recently renovated; original construction dates to 1964
- Layout supports up to three tenants or a live/work configuration
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
$32,709
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
8.63%
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%
$654,180
$654.2K
Cap Rate 7%
$467,271
$467.3K
Cap Rate 9%
$363,433
$363.4K
Market Conditions
NOI Build-Up for 2,400 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
$53.0K $22.08/SF
− Vacancy
−$9.4K −$3.91/SF
EGI
$43.6K $18.17/SF
− OpEx
−$10.9K −$4.54/SF
NOI
$32.7K $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%
$654,180
Cap Rate 7%
$467,271
Cap Rate 9%
$363,433
Alternative Uses
Best Use
Office B
$467.3K
$408.9K – $545.2K
NOI $32,709 @ 7.0% cap · market cap 8.63%
Second Best
Retail
$459.0K
$401.6K – $535.5K
NOI $32,127 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$612.2K
$535.7K – $714.2K
NOI $42,854 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
Median Home Value
Market
Vacancy Rate% for Office in San Antonio, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Standalone commercial building with adaptable interiors, modern systems, and plumbing and wiring prepared for expansion.
Where is this flex space located?
The property is located at 1020 Roosevelt San Antonio, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 2,400 SF standalone commercial building on Roosevelt Avenue; Recently renovated; original construction dates to 1964; Layout supports up to three tenants or a live/work configuration
