San Antonio Retail
For Sale
Contact for pricing
234 SAN PEDRO AVE, San Antonio, TX
Retail property with redevelopment potential and dedicated parking.
Property Size4,428 SF
Lot Size0.19 Acres
Price / SF$406.50
Days on Market258
Property Features for 234 SAN PEDRO AVE
General Information
Standard status
Active
Size
4,428 SF
Lot size
0.19 Acres
Property subtype
LAND
Listing Agency:
Devora Realty
(512) 961-9084
Listed By:
Johnny Devora · License #607532
(512) 961-9084
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:24AM
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 Devora Realty
Investment Insights
Based on property information with market context.
This retail property, located in San Antonio, Texas, offers 4,428 square feet of space. It benefits from C-3NA zoning, which permits a multitude of uses under "General Commercial Nonalcoholic Sales". The site includes 30 dedicated parking spaces. The property presents lucrative leasing opportunities and redevelopment potential for a Quick Service Restaurant. Additional space is available for ground-up development.
Key Highlights
- C‑3NA zoning allows for a multitude of uses.
- Features 30 dedicated parking spaces.
- Lucrative leasing opportunities are available.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,300
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,346,000
$1.3M
Cap Rate 7%
$961,429
$961.4K
Cap Rate 9%
$747,778
$747.8K
Market Conditions
NOI Build-Up for 4,428 SF
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.
Gross rent
$93.0K $21.00/SF
− Vacancy
−$3.3K −$0.74/SF
EGI
$89.7K $20.27/SF
− OpEx
−$22.4K −$5.07/SF
NOI
$67.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,346,000
Cap Rate 7%
$961,429
Cap Rate 9%
$747,778
Alternative Uses
Best Use
Specialty Retail
$961.4K
$841.3K – $1.12M
NOI $67,300 @ 7.0% cap · market cap 3.74%
Second Best
Retail
$846.8K
$740.9K – $987.9K
NOI $59,274 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.13M
$988.3K – $1.32M
NOI $79,066 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,875
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in San Antonio, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with redevelopment potential and dedicated parking.
Where is this retail space located?
The property is located at 234 SAN PEDRO AVE San Antonio, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: C‑3NA zoning allows for a multitude of uses.; Features 30 dedicated parking spaces.; Lucrative leasing opportunities are available.
