Established Strip Center For
For Sale
Contact for pricing
1635 Somerset Rd, San Antonio, TX 78211
Five-tenant strip center built in 2013, original developer selling.
Property Size6,600 SF
Price / SF$260.81
Days on Market207
Property Features for 1635 Somerset Rd
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Retail
Zoning
C3
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$124,798
Building Details
Year Built
2013
Buildings
1
Tenancy
Multi
Listing Agency:
Foresite Commercial Real Estate
Listed By:
Xavier Alvarado · License #TX 766038
(210) 722-9096
Source:
Crexi
Added: Mar 23
Changed: Oct 7
Last Checked: Oct 15 at 12:02AM
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 Foresite Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial property features a five-tenant strip center constructed in 2013. The property is being sold by its original developer. The total property size is 6600 square feet. The strip center has five tenants, two of which operate under gross leases, presenting opportunities for NNN conversions.
Key Highlights
- Five tenant strip center offers a diversified income stream.
- Built in 2013.
- Being sold by original developer.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,349
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,980
$1.8M
Cap Rate 7%
$1,262,129
$1.3M
Cap Rate 9%
$981,656
$981.7K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$131.5K $19.92/SF
− Vacancy
−$5.3K −$0.80/SF
EGI
$126.2K $19.12/SF
− OpEx
−$37.9K −$5.74/SF
NOI
$88.3K $13.39/SF
Area
San Antonio, TX
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,980
Cap Rate 7%
$1,262,129
Cap Rate 9%
$981,656
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,349 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,848 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 78211, TX
29,976
Population
10,516
Households
2.9
Avg Household Size
35
Median Age
7%
College-Educated
63%
High-School Grad
10.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$54,279
Median Household Income
$30,109
Median Earnings
$1,047
Median Rent
$110,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in San Antonio, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Five-tenant strip center built in 2013, original developer selling.
Where is this strip mall located?
The property is located at 1635 Somerset Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $1,721,352.
What are key features of this property?
This property features: Five tenant strip center offers a diversified income stream.; Built in 2013.; Being sold by original developer.
