9202 Converse Business Ln, Converse, TX
8,000 SF commercial property in Converse, TX. Investment opportunity.
- Added:
- Oct 16, 2023
- Days on Market:
- 974
- Last Refresh:
- May 19 at 10:15 pm
Property Features for 9202 Converse Business Ln
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.89 Acres
- Property subtype
- INDUSTRIAL
Listing agent Kevin Chu
Listing office Uriah Real Estate Organization - San Antonio (210) 966-9102
Listing date Oct 16, 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 Uriah Real Estate Organization - San Antonio
HighLights
- Excellent investment opportunity with existing tenants in the garages.
- Zoned I‑1 with water and sewer, allowing for diverse usage.
- Two buildings totaling 8,000 sqft (5,600 sqft and 2,400 sqft) suitable for offices, storage, and garages.
- Large lot size of 0.8278 acres (36,061 sqft) with 140 ft of frontage.
- Located near the center of Converse, approximately 1.8 miles from Loop 1604.
- Approximately 3 miles from Randolph AFB.
Overview
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 | $192.0k | $24.00 |
| − Vacancy | −$20.2k | −$2.52 |
| EGI | $171.8k | $21.48 |
| − OpEx | −$43.0k | −$5.37 |
| NOI | $128.9k | $16.11 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Converse Mini Storage — 9071 Farm-To-Market Rd 78, Converse, TX 78109
- Quality Storage — 150 Green Meadows St, Converse, TX 78109
- Lockaway Storage — 8874 FM1976, Converse, TX 78109
Location Insight
- Map
- Local Demand
- City
- Converse
- County
- Bexar
- State
- Texas
- Longitude
- -98.3072
- Latitude
- 29.5114
