Innovative Commercial Space for
For Sale
Contact for pricing
10919 Wurzbach Rd, San Antonio, TX 78230
Versatile commercial space designed for innovation and business growth.
Property Size10,813 SF
Price / SF$248.77
Days on Market876
Property Features for 10919 Wurzbach Rd
General Information
Standard status
Active
Size
10,813 SF
Class
A
Property subtype
Office
Zoning
C-2
Lease Type
NNN
Building Details
Year Built
1983
Buildings
1
Stories
2
Units
1
Listing Agency:
Keller Williams Heritage
(830) 660-0999
Listed By:
Todd Hess · License #TX 576181
Source:
Crexi
Added: Mar 21, 2024
Changed: Aug 13
Last Checked: Aug 11 at 2:32PM
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 Keller Williams Heritage
Investment Insights
Based on property information with market context.
This innovative commercial space offers possibilities for work and creativity. The property features a prime location and an array of versatile features. The first floor welcomes you with an expansive, open layout, providing space for creative endeavors, brainstorming sessions, workshops, or collaborative projects. In addition to the open space on the first floor, there is a conference room, break spaces, and three glassed-in offices. There are also two bathrooms up and down, storage space and a loading dock. It even has two dedicated Tesla chargers. The property offers more than just workspace-it's a potential event venue. The upper levels feature offices and a conference room. The property is tailored to elevate business operations, offering a private sanctuary for focused work or a professional setting to host clients and stakeholders. The property size is 10813 square feet.
Key Highlights
- Versatile space suitable for both office and event venue purposes.
- Prime location for business growth.
- Open layout on the first floor for creative endeavors.**
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
$147,369
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
5.48%
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%
$2,947,380
$2.9M
Cap Rate 7%
$2,105,271
$2.1M
Cap Rate 9%
$1,637,433
$1.6M
Market Conditions
NOI Build-Up for 10,813 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
$238.8K $22.08/SF
− Vacancy
−$42.3K −$3.91/SF
EGI
$196.5K $18.17/SF
− OpEx
−$49.1K −$4.54/SF
NOI
$147.4K $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%
$2,947,380
Cap Rate 7%
$2,105,271
Cap Rate 9%
$1,637,433
Alternative Uses
Best Use
Office B
$2.11M
$1.84M – $2.46M
NOI $147,369 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $193,075 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 78230, TX
42,145
Population
21,191
Households
2
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
10.5 sq mi
ZIP Area
4,014
Density / Sq Mi
$71,564
Median Household Income
$40,281
Median Earnings
$1,289
Median Rent
$355,400
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?
Office building - Versatile commercial space designed for innovation and business growth.
Where is this office building located?
The property is located at 10919 Wurzbach Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $2,690,000.
What are key features of this property?
This property features: Versatile space suitable for both office and event venue purposes.; Prime location for business growth.; Open layout on the first floor for creative endeavors.**
