La Quinta Inn San
For Sale
Contact for pricing
12822 N Interstate 35, San Antonio, TX 78233
Recently renovated 137-room hotel with upside potential.
Property Size61,279 SF
Price / SF$110.97
Days on Market548
Property Features for 12822 N Interstate 35
General Information
Standard status
Active
Size
61,279 SF
Property subtype
Hospitality
Occupancy
57%
Investment Type
Stabilized
Net Operating Income
$641,000
Building Details
Year Built
1986
Year Renovated
2022
Listing Agency:
Seth Equities
(281) 968-5019
Listed By:
Rorik Seth · License #TX 9015432
Source:
Crexi
Added: Feb 20, 2025
Changed: Aug 15
Last Checked: Aug 21 at 8:13AM
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 Seth Equities
Investment Insights
Based on property information with market context.
The La Quinta Inn by Wyndham San Antonio I-35N at Toepperwein is a hospitality property located in San Antonio. The property features 137 guest rooms. Recent renovations totaling over $1.4 million included updates to guest rooms, public spaces, and mechanical systems. The property is positioned along Interstate 35 North, providing visibility and accessibility. It is near corporate offices, healthcare facilities, educational institutions, and leisure attractions such as the San Antonio River Walk and the Alamo. As part of the Wyndham portfolio, this La Quinta Inn benefits from a reservation system and brand recognition. The property has potential for operational efficiencies and revenue management strategies to drive NOI growth. The property size is 61279 square feet.
Key Highlights
- Recently renovated with over $1.4 million in capital improvements, enhancing guest experience.
- Located in the thriving San Antonio market along Interstate 35 North, offering excellent visibility and accessibility.
- Affiliated with La Quinta Inn by Wyndham, providing brand recognition and a robust reservation system.
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
$338,113
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
4.97%
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%
$6,762,260
$6.8M
Cap Rate 7%
$4,830,186
$4.8M
Cap Rate 9%
$3,756,811
$3.8M
Market Conditions
NOI Build-Up for 61,279 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
$808.9K $13.20/SF
− Vacancy
−$97.1K −$1.58/SF
EGI
$711.8K $11.62/SF
− OpEx
−$373.7K −$6.10/SF
NOI
$338.1K $5.52/SF
Area
San Antonio, TX
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
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%
$6,762,260
Cap Rate 7%
$4,830,186
Cap Rate 9%
$3,756,811
Alternative Uses
Best Use
Hotel Hospitality
$4.83M
$4.23M – $5.64M
NOI $338,113 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.63M
$13.68M – $18.24M
NOI $1,094,186 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 78233, TX
49,442
Population
19,396
Households
2.5
Avg Household Size
36
Median Age
27%
College-Educated
91%
High-School Grad
13.7 sq mi
ZIP Area
3,609
Density / Sq Mi
$73,729
Median Household Income
$41,817
Median Earnings
$1,456
Median Rent
$203,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Recently renovated 137-room hotel with upside potential.
Where is this hotel located?
The property is located at 12822 N Interstate 35 San Antonio, TX.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Recently renovated with **over $1.4 million in capital improvements**, enhancing guest experience.; Located in the thriving San Antonio market along Interstate 35 North, offering excellent visibility and accessibility.; Affiliated with La Quinta Inn by Wyndham, providing brand recognition and a robust reservation system.
