JA Automotive San Antonio
For Sale
Contact for pricing
11902 Perrin Beitel Rd, San Antonio, TX 78217
Remodeled auto shop with NNN lease and drive-thru bays.
Property Size2,804 SF
Price / SF$374.47
Days on Market154
Property Features for 11902 Perrin Beitel Rd
General Information
Standard status
Active
Size
2,804 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$84,000
Building Details
Year Built
1989
Year Renovated
2026
Tenancy
Single
Listing Agency:
Trinity Real Estate Investment Services
(817) 658-3100
Listed By:
Austin Walsh · License #TX # 817943
Source:
Crexi
Added: Mar 19
Changed: Aug 13
Last Checked: Aug 18 at 9:38AM
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 Trinity Real Estate Investment Services
Investment Insights
Based on property information with market context.
The property is a JA Automotive located in San Antonio, TX. Remodeled in 2026, with rent commencing in June 2026, the property features an Absolute NNN lease with zero landlord responsibilities. The property includes 4 drive-thru bays plus 2 rear bays for expanded operational capacity. The property size is 2,804 square feet.
Key Highlights
- Absolute NNN lease offers zero landlord responsibilities.
- Remodeled in 2026 with rent commencing June 2026.
- Features 4 drive‑thru bays.
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
$37,535
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
3.57%
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%
$750,700
$750.7K
Cap Rate 7%
$536,214
$536.2K
Cap Rate 9%
$417,056
$417.1K
Market Conditions
NOI Build-Up for 2,804 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
$55.9K $19.92/SF
− Vacancy
−$2.2K −$0.80/SF
EGI
$53.6K $19.12/SF
− OpEx
−$16.1K −$5.74/SF
NOI
$37.5K $13.39/SF
Area
San Antonio, TX
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
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%
$750,700
Cap Rate 7%
$536,214
Cap Rate 9%
$417,056
Alternative Uses
Best Use
Retail
$536.2K
$469.2K – $625.6K
NOI $37,535 @ 7.0% cap · market cap 3.57%
Second Best
Industrial
$229.1K
$200.5K – $267.3K
NOI $16,040 @ 7.0% cap · market cap 1.53%
Theoretical Best
Office A
$715.3K
$625.9K – $834.5K
NOI $50,068 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78217, TX
33,562
Population
16,179
Households
2.1
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
10.1 sq mi
ZIP Area
3,323
Density / Sq Mi
$56,852
Median Household Income
$33,931
Median Earnings
$1,186
Median Rent
$216,100
Median Home Value
Market
Vacancy Rate% for Retail in San Antonio, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Remodeled auto shop with NNN lease and drive-thru bays.
Where is this auto shop located?
The property is located at 11902 Perrin Beitel Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Absolute NNN lease offers zero landlord responsibilities.; Remodeled in 2026 with rent commencing June 2026.; Features **4 drive‑thru bays**.
