Two-Story Office
118 E Ashby, San Antonio, TX 78212
For Sale
Contact for pricing
A separate secondary structure contains a one-bedroom apartment, complementing the office layout.
Property Size4,890 SF
Price / SF$1.50
Days on Market260
Property Features for 118 E Ashby
General Information
Standard status
Size
Total Parking Spaces
Zoning
Site & Location
Neighborhood
Additional Details
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
reception area with original fireplace
conference room
full kitchen
walk-in basement
Central Air
Central
Building Details
Building Size
Year Built
Buildings
Listing Agency:
All City Real Estate, Ltd. Co.
Listed By:
Patrick Vallejo · License #663331
(210) 618-6924
Source:
Evrealestate
Added: Feb 21
Changed: Nov 7
Last Checked: Nov 6 at 2:49PM
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 All City Real Estate, Ltd. Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1915, this office property has a two-level main building with reception, a fireplace, high ceilings, wood trim, and natural light. The first floor includes a corner office, conference room, kitchen, two restrooms, and support areas. Upstairs are five private offices, another conference room, and two full restrooms. A walk-in basement provides additional space. A secondary building contains a one-bedroom apartment and offers flexible commercial potential. The property is zoned C-2 and is across the street from Lover’s Pizzeria and South Barbecue.
Key Highlights
- 1915 construction with original fireplace, high ceilings, wood trim, and natural light
- Main building includes five upstairs private offices and two conference rooms
- First floor has a corner office, kitchen, two restrooms, and support areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,645
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,332,900
$1.3M
Cap Rate 7%
$952,071
$952.1K
Cap Rate 9%
$740,500
$740.5K
Market Conditions
NOI Build-Up for 4,890 SF
Gross rent
$108.0K $22.08/SF
− Vacancy
−$19.1K −$3.91/SF
EGI
$88.9K $18.17/SF
− OpEx
−$22.2K −$4.54/SF
NOI
$66.6K $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 Rate 5%
$1,332,900
Cap Rate 7%
$952,071
Cap Rate 9%
$740,500
Alternative Uses
Best Use
Office B
$952.1K
$833.1K – $1.11M
NOI $66,645 @ 7.0% cap · market cap 908.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,315 @ 7.0% cap · market cap 1,190.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
Market
Average Price Trend$/SF for Office buildings in San Antonio, TX
Properties on Market for Office buildings in San Antonio
Vacancy Rate% for Office in San Antonio, TX
Frequently Asked Questions
What type of property is this?
Office building - A separate secondary structure contains a one-bedroom apartment, complementing the office layout.
Where is this office building located?
The property is located at 118 E Ashby San Antonio, TX.
What are key features of this property?
This property features: 1915 construction with original fireplace, high ceilings, wood trim, and natural light; Main building includes five upstairs private offices and two conference rooms; First floor has a corner office, kitchen, two restrooms, and support areas
