Multi-Tenant Retail Anchored by
For Sale
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1903 N Loop 1604 E, San Antonio, TX 78259
Single retail property totals 8,698 square feet and is anchored by Men’s Wearhouse and a newly leased Mediterranean restaurant.
Property Size8,698 SF
Price / SF$426.88
Days on Market153
Property Features for 1903 N Loop 1604 E
General Information
Standard status
Active
Size
8,698 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Northeast
Listing Agency:
SRS Real Estate Partners - Corporate
(214) 560-3200
Listed By:
Ryan Byrne
(214) 560-3249
Source:
Moodyscre
Added: May 30
Changed: Oct 26
Last Checked: Oct 28 at 10:18AM
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 SRS Real Estate Partners - Corporate
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Investment Insights
Based on property information with market context.
This for-sale multi-tenant retail property totals 8,698 square feet and is anchored by Men’s Wearhouse, which has operated at the location since 2007. The property also includes Two Greeks Grill, a Mediterranean restaurant concept that recently signed a new 5-year lease with plans to open in spring 2026.
The asset is being marketed as a long-tenured retail anchor with an additional restaurant tenant under a newly executed term, supporting a streamlined tenant lineup for the site.
The asset is being marketed as a long-tenured retail anchor with an additional restaurant tenant under a newly executed term, supporting a streamlined tenant lineup for the site.
Key Highlights
- Single retail property totals 8,698 SF, anchored by Men’s Wearhouse
- Men’s Wearhouse has operated at this location since 2007
- Two Greeks Grill signed a new 5‑year lease and plans to open in spring 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,199
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,643,980
$2.6M
Cap Rate 7%
$1,888,557
$1.9M
Cap Rate 9%
$1,468,878
$1.5M
Market Conditions
NOI Build-Up for 8,698 SF
Gross rent
$182.7K $21.00/SF
− Vacancy
−$6.4K −$0.74/SF
EGI
$176.3K $20.27/SF
− OpEx
−$44.1K −$5.07/SF
NOI
$132.2K $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 Rate 5%
$2,643,980
Cap Rate 7%
$1,888,557
Cap Rate 9%
$1,468,878
Alternative Uses
Best Use
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,199 @ 7.0% cap · market cap 3.56%
Second Best
Retail
$1.66M
$1.46M – $1.94M
NOI $116,434 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,310 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,875
Businesses Nearby
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Business Placement
Demographics for 78259, TX
29,842
Population
11,087
Households
2.7
Avg Household Size
37
Median Age
51%
College-Educated
95%
High-School Grad
15.5 sq mi
ZIP Area
1,925
Density / Sq Mi
$109,429
Median Household Income
$60,923
Median Earnings
$1,554
Median Rent
$370,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in San Antonio, TX
Frequently Asked Questions
What type of property is this?
Retail space - Single retail property totals 8,698 square feet and is anchored by Men’s Wearhouse and a newly leased Mediterranean restaurant.
Where is this retail space located?
The property is located at 1903 N Loop 1604 E San Antonio, TX.
What is the asking price?
The asking price for this property is $3,713,000.
What are key features of this property?
This property features: Single retail property totals 8,698 SF, anchored by Men’s Wearhouse; Men’s Wearhouse has operated at this location since 2007; Two Greeks Grill signed a new 5‑year lease and plans to open in spring 2026
