1622 N Pine St San Antonio, TX 78208
Prime 0.37-acre development site in Government Hill, San Antonio.
Property Features for 1622 N Pine St
General Information
- Standard status
- Active
- Size
- 1,031 SF
- Lot size
- 0.37 Acres
- Property subtype
- Mixed Use, Multifamily, Special Purpose
Listing office KW Commercial San Antonio City-view (210) 388-2263
Listing date Oct 12, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime development site in the heart of Government Hill.
- Zoned R‑6, offering versatile potential for residential or mixed‑use development.
- High‑visibility location steps from I‑35.
Local Financial Insights For Mixed Use
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 | $23.5k | $22.80 |
| − Vacancy | −$2.4k | −$2.28 |
| EGI | $21.2k | $20.52 |
| − OpEx | −$7.9k | −$7.70 |
| NOI | $13.2k | $12.83 |
