Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    San Antonio Flex Space Available Title is generated by Realmo AI

    1202 N Flores St, San Antonio, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Centrally located flex space near downtown San Antonio.

    Type:FLEX_R_AND_D
    Property size:
    15,608 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $83/SF
    Added:
    Mar 12, 2024
    Days on Market:
    816
    Last Refresh:
    May 19 at 8:47 pm

    Property Features for 1202 N Flores St

    General Information

    Standard status
    Active
    Size
    15,608 SF
    Lot size
    0.41 Acres
    Property subtype
    FLEX_R_AND_D

    Properties For Sale

    at 1202 N Flores St Contact us

    We can help!

    Listing Contact
    Elize Valdez Pruske
    Elize Valdez Pruske

    Listing agent Elize Valdez Pruske License #0367619

    Listing office EP Commercial Real Estate

    Listing date Mar 12, 2024

    Source Moodyscre

    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 EP Commercial Real Estate

    HighLights

    • Prime location just outside downtown San Antonio (CBD) in the walkable Five Points neighborhood, offering easy access to restaurants, hotels, and entertainment like the Riverwalk and San Pedro Creek.
    • Excellent highway access (IH 10 and IH 35) for convenient travel to all parts of the city.
    • Proximity to the 46‑acre San Pedro Park, featuring a swimming pool, library, tennis court, and softball center.
    • Public transportation access with a bus stop at the neighboring property.
    • Walkable neighborhood with an adjacent market and numerous coffee shops, restaurants, bars, and parks within a 5‑minute reach.
    • Located in a dense urban community in one of the oldest neighborhoods in the city.

    Overview

    Located just outside the San Antonio central business district, this flex space is in the heart of Five Points, a dense urban community in one of the city's oldest and most walkable neighborhoods. The property is a few blocks north of the Finesilver Building. Its adjacency to downtown provides direct access to restaurants, hotels, and entertainment, including the Riverwalk and San Pedro Creek. The location is also easily accessible to the 46-acre San Pedro Park, the oldest park in San Antonio, which includes a swimming pool, library, tennis court, and softball center. Situated on N. Flores, the property is in close proximity to IH 10 and IH 35, providing easy access to all highway systems. The property is located on a bus line with a stop at the neighboring property. There is an adjacent market and numerous coffee shops, restaurants, bars and parks that can be reached in as little as 5 minutes. The property has a size of 15608 square feet.

    Local Financial Insights For Industrial

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $140.5k $9.00
    − Vacancy −$12.9k −$0.83
    EGI $127.5k $8.17
    − OpEx −$38.3k −$2.45
    NOI $89.3k $5.72
    15,608 SF · lease $9.00/SF/yr · vacancy 9.20% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $1.28M
    $1.12M – $1.49M (±1% cap)
    NOI $89,284 @ 7.0% cap · market cap 6.87%
    Second Best
    Flex RnD
    $1.26M
    $1.10M – $1.47M (±1% cap)
    NOI $88,141 @ 7.0% cap · market cap 6.78%
    Theoretical Best
    Office A
    $3.98M
    $3.48M – $4.64M (±1% cap)
    NOI $278,693 @ 7.0% cap · market cap 21.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Texas Mobile Auto ... Car Wash Santo Bookkeeping Services Accounting Firm Signs By Tomorrow ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Tour by Taste — 147 El Monte Blvd, San Antonio, TX 78212

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.5018
    Latitude
    29.4371

    Nearby Similar for Sale

    • $1,199,989
      6,528 SF

      San Antonio Multifamily Investment Opportunity

      Stabilized 8-unit apartment community near Lackland AFB.
      926/930 Drury Lane, San Antonio, TX 78221
      View Details
    • $749,000
      6,432 SF

      San Antonio Multifamily Investment Opportunity

      Six-unit multifamily property in North Central San Antonio.
      602 Chauncey, San Antonio, TX 78216
      View Details
    • $599,000
      7,484 SF

      San Antonio Multifamily Investment Opportunity

      Value-add 8-plex near downtown San Antonio with income upside.
      1409 W Woodlawn, San Antonio, TX 78201
      View Details
    • $580,000
      4,964 SF

      Triplex with Unfinished Fourth Unit

      Three active rental units provide current income, with an unfinished unit ready for completion and expanded use.
      4919 Ty Terrace St, San Antonio, TX 78229
      View Details
    • $560,000
      5,394 SF

      San Antonio Multifamily Investment Opportunity

      Multifamily property with six units, great investment potential.
      1655 Amanda, San Antonio, TX 78210
      View Details
    • $749,000
      4,900 SF

      San Antonio Fourplex with Garages

      Five-year-old fourplex in Northeast San Antonio with strong occupancy.
      6906 CRESTWAY RD, San Antonio, TX 78239
      View Details
    • $625,000
      2,947 SF

      Historic Triplex With Shared Terrace

      Three-unit residential income property with a duplex and detached studio, arranged around a shared covered terrace.
      1035 Shook, San Antonio, TX 78212
      View Details
    • $749,000
      4,900 SF

      San Antonio Fourplex with Garages

      Five-year-old fourplex in Northeast San Antonio with strong occupancy.
      6934 CRESTWAY RD, San Antonio, TX 78239
      View Details
    • $565,000
      2,977 SF

      Renovated Triplex Near Downtown San Antonio

      Turnkey triplex with modern updates, close to downtown.
      940 W Mulberry, San Antonio, TX 78201
      View Details
    • $850,000
      5,800 SF

      Renovated Multifamily Building Near Lackland

      Fully renovated 8-unit apartment building in San Antonio, Texas.
      2807 Observation, San Antonio, TX 78227
      View Details
    • $714,990
      3,540 SF

      Modern Duplex in Denver Heights

      Three-story duplex near Alamodome, ideal for investors or owner-occupants.
      125 Dashiell St, San Antonio, TX 78203
      View Details
    • $820,000
      6,804 SF

      Multifamily Property in Monticello Park

      7-unit multifamily property in historic Monticello Park neighborhood.
      553 Club, San Antonio, TX 78201
      View Details

    FAQs

    What type of property is this?
    Flex space - Centrally located flex space near downtown San Antonio.
    Where is this flex space located?
    The property is located at 1202 N Flores St San Antonio, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Prime location just outside downtown San Antonio (CBD) in the walkable Five Points neighborhood, offering easy access to restaurants, hotels, and entertainment like the Riverwalk and San Pedro Creek.; Excellent highway access (IH 10 and IH 35) for convenient travel to all parts of the city.; Proximity to the 46‑acre San Pedro Park, featuring a swimming pool, library, tennis court, and softball center.
    (210) 416-3491 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Elize Valdez Pruske
    Elize Valdez Pruske
    Real Estate License ID: 0367619
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1202 N Flores St, San Antonio, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!