Office
For Sale
Contact for pricing
12123 FM1957, San Antonio, TX 78253
Completed in 2019, the property is presented as an owner-user commercial opportunity.
Property Size11,328 SF
Price / SF$308.97
Days on Market143
Property Features for 12123 FM1957
General Information
Standard status
Active
Size
11,328 SF
Property subtype
Retail, Office
Investment Type
Owner/User
Building Details
Year Built
2019
Buildings
1
Units
1
Listing Agency:
Matthews
Listed By:
Spencer Vise · License #809846
Source:
Crexi
Added: May 28
Changed: Oct 8
Last Checked: Oct 16 at 8:54AM
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 Matthews
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.
Completed in 2019, this office building contains 11,328 square feet and is presented for an owner-user. The property is located at 12123 FM1957, San Antonio, TX 78253.
Key Highlights
- 11,328‑square‑foot office building
- Completed in 2019
- Presented as an owner‑user opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,318
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,466,360
$3.5M
Cap Rate 7%
$2,475,971
$2.5M
Cap Rate 9%
$1,925,756
$1.9M
Market Conditions
NOI Build-Up for 11,328 SF
Gross rent
$271.9K $24.00/SF
− Vacancy
−$40.8K −$3.60/SF
EGI
$231.1K $20.40/SF
− OpEx
−$57.8K −$5.10/SF
NOI
$173.3K $15.30/SF
Area
ZIP 78253
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,466,360
Cap Rate 7%
$2,475,971
Cap Rate 9%
$1,925,756
Alternative Uses
Best Use
Office B
$2.48M
$2.17M – $2.89M
NOI $173,318 @ 7.0% cap · market cap 4.95%
Second Best
Retail
$2.17M
$1.90M – $2.53M
NOI $151,639 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$2.97M
$2.60M – $3.47M
NOI $207,982 @ 7.0% cap · market cap 5.94%
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
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 78253, TX
66,589
Population
24,095
Households
2.8
Avg Household Size
34
Median Age
43%
College-Educated
94%
High-School Grad
53.6 sq mi
ZIP Area
1,242
Density / Sq Mi
$104,260
Median Household Income
$52,314
Median Earnings
$1,557
Median Rent
$334,900
Median Home Value
Market
Vacancy Rate% for Office in San Antonio, TX
Frequently Asked Questions
What type of property is this?
Office building - Completed in 2019, the property is presented as an owner-user commercial opportunity.
Where is this office building located?
The property is located at 12123 FM1957 San Antonio, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 11,328‑square‑foot office building; Completed in 2019; Presented as an owner‑user opportunity
