Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    221 West Poplar Street San Antonio, TX 78212

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Property in San Antonio's Midtown submarket near downtown.

    Type:Office
    Added:
    Mar 25, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 18 at 8:57 am

    Property Features for 221 West Poplar Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    We can help!

    Listing Contact
    Daniel Wall
    Daniel Wall

    Listing agent Daniel Wall License #766253

    Listing office CBRE | San Antonio

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | San Antonio

    Overview

    Midtown San Antonio Redevelopment Opportunity

    This property is suitable for both investors and users interested in the Midtown submarket of San Antonio. The surrounding area has undergone rapid redevelopment in recent years, with neighboring properties now housing attorneys and other professional firms. Situated at the intersection of W Poplar and Lewis St, the property offers convenient access to downtown and the Pearl entertainment and office district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GDC Marketing & Ideation Marketing & Advertising Cynthia Rosen Attorney ... Law Firm Recon Digital Media Marketing & Advertising Commercial Claim Pro Insurance Agency The Portley Law Firm, ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.4962062
    Latitude
    29.4398383

    Nearby Similar for Sale

    • $425,000
      6,161 SF

      San Antonio Commercial Entertainment Venue

      6,161 sqft commercial building near Downtown San Antonio.
      3239 W Commerce Street, San Antonio, TX 78207
      View Details
    • $850,000
      5,800 SF

      Renovated Multifamily Building Near Lackland

      Fully renovated 8-unit apartment building in San Antonio, Texas.
      2807 Observation, San Antonio, TX 78227
      View Details
    • $685,000
      7,484 SF

      San Antonio Multifamily Investment Opportunity

      Value-add 8-plex near downtown San Antonio.
      1409 W Woodlawn, San Antonio, TX 78201
      View Details
    • $820,000
      6,804 SF

      Multifamily Property in Monticello Park

      7-unit multifamily property in historic Monticello Park neighborhood.
      553 Club, San Antonio, TX 78201
      View Details
    • $560,000
      5,394 SF

      Multifamily Investment Opportunity in San Antonio

      Multifamily property with six units, ideal for investment.
      1655 Amanda, San Antonio, TX 78210
      View Details
    • $480,000
      2,599 SF

      San Antonio Multifamily Investment Opportunity

      Seven-unit multifamily property in San Antonio's growing South Side.
      403 Terrell Ave, San Antonio, TX 78214
      View Details
    • $3,400,000

      High-Traffic Car Wash Opportunity

      Extensively renovated car wash on a high-visibility site.
      8050 Culebra Road, San Antonio, TX 78251
      View Details
    • $328,000
      4,284 SF

      Tobin Hill Development Opportunity

      0.21-acre parcel with existing structure in historic Tobin Hill.
      325 E Locust, San Antonio, TX 78212
      View Details
    • $495,000
      2,724 SF

      San Antonio Townhomes For Sale

      Northeast San Antonio townhomes near major highways and military bases.
      13910 Annas Way, San Antonio, TX 78233
      View Details
    • $949,999
      7,590 SF

      San Antonio Multifamily Investment Opportunity

      Stabilized 9-unit multifamily property in desirable Mahncke Park.
      118 Funston Pl, San Antonio, TX 78209
      View Details
    • $795,000
      5,448 SF

      San Antonio Fourplex in Gated Community

      Well-maintained fourplex with property management near Randolph Air Force Base.
      6414 Luglio, San Antonio, TX 78233
      View Details
    • $719,990
      3,550 SF

      Modern Duplex Near Alamodome

      Three-story duplex in Denver Heights, suitable for rental or occupancy.
      125 Dashiell, San Antonio, TX 78203
      View Details

    FAQs

    What type of property is this?
    Office building - Property in San Antonio's Midtown submarket near downtown.
    Where is this office building located?
    The property is located at 221 West Poplar Street San Antonio, TX.
    What are key features of this property?
    This property features: Location in rapidly redeveloping Midtown submarket.; Suitable for both investors and owner‑occupiers.; Proximity to downtown San Antonio.
    (210) 253-6040
    We can help!
    Listing Contact
    Daniel Wall
    Daniel Wall
    Real Estate License ID: 766253
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!