Freestanding Commercial Building with
For Sale
$1,650,000
8931 Wurzbach Rd, San Antonio, TX 78240
Freestanding commercial building with parking, drive-thru space, and C-3 General Commercial zoning for flexible uses.
Property Size5,972 SF
Lot Size0.86 Acres
Price / SF$276.29
Days on Market57
Property Features for 8931 Wurzbach Rd
General Information
Standard status
Active
Size
5,972 SF
Total Parking Spaces
40
Lot size
0.86 Acres
Property subtype
Commercial
Zoning
C-3
Additional Details
Highway Access
Yes
Building Details
Year Built
1983
Stories
2
Listing Agency:
Uriah Real Estate Organization
(210) 509-4911
Listed By:
Uri Uriah (uri@uriahrealestate.com) · License #9002555
Source:
Sanantoniosfinestrealty
Added: Jul 3
Changed: Aug 23
Last Checked: Aug 28 at 11:25AM
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
Investment Insights
Based on property information with market context.
Freestanding commercial building totaling 5,971± SF on 0.855± acres, formerly operated as a restaurant. The site includes ample on-site parking and is configured with space for a drive-thru. Zoned C-3 General Commercial, the property offers flexibility for a range of retail, restaurant, medical, office, entertainment, and service-oriented uses.
Located on Wurzbach Road with strong visibility, the property provides convenient access to Interstate 10 within half a mile. It is positioned near the South Texas Medical Center and within the broader mix of major employers and institutions, including USAA Headquarters.
The overall site and zoning support both owner-user and redevelopment-oriented plans, with connectivity to major regional routes including Fredericksburg Road, Loop 410, Downtown San Antonio, and Northwest San Antonio.
Located on Wurzbach Road with strong visibility, the property provides convenient access to Interstate 10 within half a mile. It is positioned near the South Texas Medical Center and within the broader mix of major employers and institutions, including USAA Headquarters.
The overall site and zoning support both owner-user and redevelopment-oriented plans, with connectivity to major regional routes including Fredericksburg Road, Loop 410, Downtown San Antonio, and Northwest San Antonio.
Key Highlights
- Freestanding 5,971± SF commercial building on 0.855± acres (built 1983).
- Zoned C‑3 General Commercial, allowing for flexible retail, restaurant, medical, office, entertainment, and service uses.
- Former restaurant setup with ample on‑site parking and space for a drive‑thru.
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
$90,767
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
5.50%
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%
$1,815,340
$1.8M
Cap Rate 7%
$1,296,671
$1.3M
Cap Rate 9%
$1,008,522
$1.0M
Market Conditions
NOI Build-Up for 5,972 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
$125.4K $21.00/SF
− Vacancy
−$4.4K −$0.74/SF
EGI
$121.0K $20.27/SF
− OpEx
−$30.3K −$5.07/SF
NOI
$90.8K $15.20/SF
Area
San Antonio, TX
Vacancy
3.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,815,340
Cap Rate 7%
$1,296,671
Cap Rate 9%
$1,008,522
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.13M – $1.51M
NOI $90,767 @ 7.0% cap · market cap 5.50%
Second Best
Retail
$1.14M
$999.3K – $1.33M
NOI $79,943 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,635 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,934
Businesses Nearby
Explore this area
Business Placement
Demographics for 78240, TX
56,112
Population
27,713
Households
2
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
11.2 sq mi
ZIP Area
5,010
Density / Sq Mi
$62,203
Median Household Income
$41,812
Median Earnings
$1,283
Median Rent
$245,100
Median Home Value
Market
Vacancy Rate% for Retail in San Antonio, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding commercial building with parking, drive-thru space, and C-3 General Commercial zoning for flexible uses.
Where is this retail space located?
The property is located at 8931 Wurzbach Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Freestanding 5,971± SF commercial building on 0.855± acres (built 1983).; Zoned C‑3 General Commercial, allowing for flexible retail, restaurant, medical, office, entertainment, and service uses.; Former restaurant setup with ample on‑site parking and space for a drive‑thru.
