Multifamily
For Sale
$1,700,000
1514 E Commerce St, San Antonio, TX 78205
Multifamily property offering an established building constructed in 1999.
Property Size6,032 SF
Price / SF$281.83
Days on Market10
Property Features for 1514 E Commerce St
General Information
Standard status
Active
Size
6,032 SF
Building Details
Year Built
1999
Listing Agency:
RE/MAX Alamo Realty
Listed By:
Ernesto Gonzalez
Source:
Thebranchinc
Added: Sep 4
Changed: Sep 8
Last Checked: Sep 12 at 12:45PM
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 RE/MAX Alamo Realty
Investment Insights
Based on property information with market context.
This multifamily property comprises 6,032 square feet and was constructed in 1999. The asset is located at 1514 E Commerce St in San Antonio, Texas, with a 78205 ZIP code.
Key Highlights
- 6,032‑square‑foot multifamily property
- Constructed in 1999
- Located at 1514 E Commerce St, San Antonio, TX 78205
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
$61,616
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
3.62%
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%
$1,232,320
$1.2M
Cap Rate 7%
$880,229
$880.2K
Cap Rate 9%
$684,622
$684.6K
Market Conditions
NOI Build-Up for 6,032 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
$119.4K $19.80/SF
− Vacancy
−$7.4K −$1.23/SF
EGI
$112.0K $18.57/SF
− OpEx
−$50.4K −$8.36/SF
NOI
$61.6K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,232,320
Cap Rate 7%
$880,229
Cap Rate 9%
$684,622
Alternative Uses
Best Use
Apartment 5plus
$880.2K
$770.2K – $1.03M
NOI $61,616 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,706 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Explore this area
Business Placement
Demographics for 78205, TX
2,339
Population
1,755
Households
1.3
Avg Household Size
43
Median Age
44%
College-Educated
84%
High-School Grad
1.2 sq mi
ZIP Area
1,949
Density / Sq Mi
$34,631
Median Household Income
$43,382
Median Earnings
$1,265
Median Rent
$470,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property offering an established building constructed in 1999.
Where is this multifamily property located?
The property is located at 1514 E Commerce St San Antonio, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 6,032‑square‑foot multifamily property; Constructed in 1999; Located at 1514 E Commerce St, San Antonio, TX 78205
