Fully Occupied Retail
1626 Pat Booker Rd Universal City, TX 78148
1626 Pat Booker Rd, Universal City, TX, 78148
$2,993,000
For Sale
$2,993,000
Stabilized retail center in Universal City, 100% occupied.
Property Size16,800 SF
Price / SF$178.15
Days on Market111
Property Features for 1626 Pat Booker Rd
General Information
- Standard status
- Active
- Size
- 16,800 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1968
Listing agency
Marcus & Millichap - Dallas
(972) 755-5225
Listed by
Philip Levy · License #License(s): TX: 0522087-SA
(972) 755-5225
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 3:07AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Pat Booker Retail Center is a fully stabilized, 16,800-square-foot multi-tenant retail asset. The property is 100 percent occupied, with all tenants operating under triple-net lease structures. Anchored by Meineke Car Care Center, the center has a diverse mix of service-oriented businesses, including World Finance, Humble Roots Brazilian Jiu-Jitsu, Goddess Ink & Tattoo, Kenpo Karate, Poca Mota, Rudy's Jewelry Repair, and a massage parlor. Pat Booker Retail Center is located in Universal City, a growing northeast suburb of San Antonio, positioned along Pat Booker Road—one of the area's busiest commercial corridors. Traffic counts in front of the property are approximately 23,552 vehicles per day. Numerous national and regional retailers are in the surrounding area, such as Planet Fitness, O'Reilly Auto Parts, Walmart, Kohl's, Ikea, Target, and Best Buy.
Key Highlights
- 100% Occupied with Triple‑Net Leases: Enjoy immediate and stable cash flow.
- Anchored by Meineke Car Care Center: Benefit from consistent customer traffic.
- High Traffic Location: Excellent visibility on Pat Booker Road with approximately 23,552 vehicles per day.
Local Financial Insights For Retail
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 | $332.6k | $19.80 |
| − Vacancy | −$13.3k | −$0.79 |
| EGI | $319.3k | $19.01 |
| − OpEx | −$95.8k | −$5.70 |
| NOI | $223.5k | $13.31 |
16,800 SF · lease $19.80/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.19M
$2.79M – $3.73M
NOI $223,534 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.55M
$3.98M – $5.30M
NOI $318,291 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Stabilized retail center in Universal City, 100% occupied.
Where is this strip mall located?
The property is located at 1626 Pat Booker Rd Universal City, TX.
What is the asking price?
The asking price for this property is $2,993,000.
What are key features of this property?
This property features: 100% Occupied with Triple‑Net Leases: Enjoy immediate and stable cash flow.; Anchored by Meineke Car Care Center: Benefit from consistent customer traffic.; High Traffic Location: Excellent visibility on Pat Booker Road with approximately 23,552 vehicles per day.
