Renovated Industrial
For Sale
$1,339,515
1027 Morales Street, San Antonio, TX 78207
Single-story facility offers dock and drive-in loading with upgraded interior and exterior finishes.
Property Size15,759 SF
Price / SF$85
Days on Market67
Property Features for 1027 Morales Street
General Information
Standard status
Active
Size
15,759 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
12 ft
Office Build-Out
1,000 SF
Dock-High Doors
2
Drive-In Doors
1
Sprinkler System
Yes
Additional Details
Opportunity Zone
Yes
Building Details
Building Size
15,759 SF
Stories
1
Listing Agency:
Matthews Real Estate Investment Services | Austin
Listed By:
Michael Kelleher · License #764467 (TX)
(512) 535-1655
Source:
Matthews
Added: Aug 12
Changed: Oct 10
Last Checked: Oct 16 at 5:37AM
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 Matthews Real Estate Investment Services | Austin
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Investment Insights
Based on property information with market context.
This single-story industrial warehouse contains approximately 15,759 SF, including about 1,000 SF of office area, or 6% of the GLA. The building has two dock-high doors, one drive-in door, 12-foot clear height, fire sprinklers, and a roof installed three years ago. Recent work includes a new road base, exterior painting, and bathroom improvements with new fixtures and paint.
The property is located at 1027 Morales Street in San Antonio’s Near West Side Opportunity Zone. It is adjacent to the City of San Antonio’s Cattleman Square redevelopment area and near the UTSA Downtown Campus expansion, VIA transit projects, and Alazan Creek Trail improvements. The warehouse is positioned for immediate occupancy or lease-up.
The property is located at 1027 Morales Street in San Antonio’s Near West Side Opportunity Zone. It is adjacent to the City of San Antonio’s Cattleman Square redevelopment area and near the UTSA Downtown Campus expansion, VIA transit projects, and Alazan Creek Trail improvements. The warehouse is positioned for immediate occupancy or lease-up.
Key Highlights
- Approximately 15,759 SF industrial warehouse with about 1,000 SF of office space
- Two dock‑high doors and one drive‑in door
- 12′ clear height with sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,465
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,189,300
$2.2M
Cap Rate 7%
$1,563,786
$1.6M
Cap Rate 9%
$1,216,278
$1.2M
Market Conditions
NOI Build-Up for 15,759 SF
Gross rent
$141.8K $9.00/SF
− Vacancy
−$13.0K −$0.83/SF
EGI
$128.8K $8.17/SF
− OpEx
−$19.3K −$1.23/SF
NOI
$109.5K $6.95/SF
Area
San Antonio, TX
Vacancy
9.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,189,300
Cap Rate 7%
$1,563,786
Cap Rate 9%
$1,216,278
Alternative Uses
Best Use
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,465 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
NOI $281,390 @ 7.0% cap · market cap 21.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
12 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,604
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78207, TX
51,705
Population
18,750
Households
2.8
Avg Household Size
34
Median Age
6%
College-Educated
62%
High-School Grad
7.3 sq mi
ZIP Area
7,083
Density / Sq Mi
$30,655
Median Household Income
$23,696
Median Earnings
$857
Median Rent
$93,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in San Antonio, TX
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-story facility offers dock and drive-in loading with upgraded interior and exterior finishes.
Where is this warehouse located?
The property is located at 1027 Morales Street San Antonio, TX.
What is the asking price?
The asking price for this property is $1,339,515.
What are key features of this property?
This property features: Approximately 15,759 SF industrial warehouse with about 1,000 SF of office space; Two dock‑high doors and one drive‑in door; 12′ clear height with sprinkler system
