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    Office Flex Space For Sale Title is generated by Realmo AI

    2118 Mannix Dr, San Antonio, TX

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    Office flex environment with warehouse areas and gated yard.

    Type:INDUSTRIAL
    Property size:
    9,518 SF
    Lot size:
    0.47 Acres
    Price / SF:
    $178/SF
    Added:
    Sep 8, 2023
    Days on Market:
    1011
    Last Refresh:
    May 20 at 8:33 pm

    Property Features for 2118 Mannix Dr

    General Information

    Standard status
    Active
    Size
    9,518 SF
    Lot size
    0.47 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Elize Valdez Pruske
    Elize Valdez Pruske

    Listing agent Elize Valdez Pruske License #0367619

    Listing office EP Commercial Real Estate

    Listing date Sep 8, 2023

    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

    • Office flex environment suitable for multiple tenants
    • Divisible office and warehouse areas
    • Gated yard
    • Grade level warehouse access
    • Exterior building signage for tenants
    • Attractive office environment

    Overview

    This property offers an attractive office flex environment featuring both office and warehouse areas. The layout allows for easy division to create separate tenancies. A gated yard provides added security. The warehouse area is accessible at grade level. Tenants benefit from exterior building signage opportunities. The property contains 9518 square feet and is located in San Antonio, Texas.

    Local Financial Insights For Office B

    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 $210.2k $22.08
    − Vacancy −$37.2k −$3.91
    EGI $173.0k $18.17
    − OpEx −$43.2k −$4.54
    NOI $129.7k $13.63
    9,518 SF · lease $22.08/SF/yr · vacancy 17.70% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.85M
    $1.62M – $2.16M (±1% cap)
    NOI $129,720 @ 7.0% cap · market cap 7.64%
    Second Best
    Warehouse
    $944.5K
    $826.4K – $1.10M (±1% cap)
    NOI $66,114 @ 7.0% cap · market cap 3.89%
    Theoretical Best
    Office A
    $2.43M
    $2.12M – $2.83M (±1% cap)
    NOI $169,952 @ 7.0% cap · market cap 10.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    International Aerial Mapping Marketing & Advertising Gorrondona & Associates, Inc. Land Surveyor SummitTrek Coaching Business Management Consultant Smith & Sons Plumbing Plumbing Service The Guild Collective Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • O'Neill's InFlight Catering — 2006 Ceegee St #1, San Antonio, TX 78217
    • Signature Catering — 2006 Ceegee St, San Antonio, TX 78217

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.459
    Latitude
    29.5244

    FAQs

    What type of property is this?
    Flex space - Office flex environment with warehouse areas and gated yard.
    Where is this flex space located?
    The property is located at 2118 Mannix Dr San Antonio, TX.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: Office flex environment suitable for multiple tenants; Divisible office and warehouse areas; Gated yard
    (210) 416-3491 Call to check price and availability
    More about this property
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