Commercial Mixed-Use Redevelopment
For Sale
$750,000
103 Turner, Floresville, TX 78114
A fully cleared interior offers a starting point for a commercial project in Floresville.
Property Size5,400 SF
Price / SF$138.89
Days on Market204
Property Features for 103 Turner
General Information
Standard status
Active
Size
5,400 SF
Total Parking Spaces
45
Property subtype
Commercial
Zoning
COMMERCIAL
Property Condition
Severity
Major Repairs Needed
Evidence
fully gutted
Additional Details
Condition
Shell
Highway Access
Yes
Building Details
Building Size
5,400 SF
Year Built
1985
Buildings
1
Units
1
Listing Agency:
South Texas Realty, LLC
(830) 393-0000
Listed By:
Benjamin Lamberth
(956) 286-8574
Source:
Dowdyrealestate
Added: Apr 6
Changed: Oct 25
Last Checked: Oct 26 at 3:44AM
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 South Texas Realty, LLC
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Investment Insights
Based on property information with market context.
Located at 103 Turner in Floresville, this commercial mixed-use property has a 1985 building with a fully gutted interior. The site is zoned COMMERCIAL, and the existing structure is positioned for a new configuration.
The property is within Floresville city limits, about 20 miles from San Antonio. Connally Memorial Medical Center is less than 1 mile away; Walmart is 1 mile away, and HEB is 2 miles away. The site also has highway frontage.
The property is within Floresville city limits, about 20 miles from San Antonio. Connally Memorial Medical Center is less than 1 mile away; Walmart is 1 mile away, and HEB is 2 miles away. The site also has highway frontage.
Key Highlights
- Commercial zoning
- Building constructed in 1985
- Interior fully gutted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,610
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,200
$1.3M
Cap Rate 7%
$937,286
$937.3K
Cap Rate 9%
$729,000
$729.0K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$116.6K $21.60/SF
− Vacancy
−$11.7K −$2.16/SF
EGI
$105.0K $19.44/SF
− OpEx
−$39.4K −$7.29/SF
NOI
$65.6K $12.15/SF
Area
Wilson County, TX
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,200
Cap Rate 7%
$937,286
Cap Rate 9%
$729,000
Alternative Uses
Best Use
Retail
$1.03M
$903.6K – $1.20M
NOI $72,286 @ 7.0% cap · market cap 9.64%
Second Best
Mixed Use
$937.3K
$820.1K – $1.09M
NOI $65,610 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,421 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 78114, TX
22,178
Population
9,212
Households
2.4
Avg Household Size
41
Median Age
24%
College-Educated
88%
High-School Grad
349.1 sq mi
ZIP Area
64
Density / Sq Mi
$84,260
Median Household Income
$47,336
Median Earnings
$1,079
Median Rent
$273,900
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A fully cleared interior offers a starting point for a commercial project in Floresville.
Where is this mixed-use property located?
The property is located at 103 Turner Floresville, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Commercial zoning; Building constructed in 1985; Interior fully gutted
