Corner Lot Retail
2423/2415 Palo Alto Rd San Antonio San Antonio, TX 78211
2423/2415 Palo Alto Rd San Antonio, San Antonio, TX, 78211
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For Sale
Contact for pricing
Vacant retail property on a highly visible corner lot with grade-level access and window unit HVAC.
Property Size2,650 SF
Lot Size0.43 Acres
Price / SF$169.81
Days on Market115
Property Features for 2423/2415 Palo Alto Rd San Antonio
General Information
- Standard status
- Active
- Size
- 2,650 SF
- Lot size
- 0.43 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing agency
Crossed Sabers Commercial Real Estate LLC
Listed by
Will Curtis · License #627466
Source
Crexi
Added: Mar 31 Updated: Jul 22 at 8:19PM Checked: Jul 22 at 8:19PM
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 Crossed Sabers Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This for-sale dual-property retail opportunity consists of two buildings on a highly visible corner lot. The structures were originally built in 1954 and updated in 1970, and they offer functional grade-level retail space. Each building features window unit HVAC and flexible layouts suitable for a range of commercial uses.
The combined site is positioned for easy access and visibility from Palo Alto Rd and adjacent streets. Zoning is C-3 and R-4, supporting retail, service, or mixed-use development. The property is currently vacant, providing flexibility for immediate occupancy or redevelopment plans.
The combined site is positioned for easy access and visibility from Palo Alto Rd and adjacent streets. Zoning is C-3 and R-4, supporting retail, service, or mixed-use development. The property is currently vacant, providing flexibility for immediate occupancy or redevelopment plans.
Key Highlights
- Vacant dual‑property retail site at 2423 & 2415 (Vincent), on a highly visible corner lot with grade‑level access
- Approximately 0.43 acres with combined retail space of about 2,560–2,650 SF
- Built in 1954 with updates in 1970; functional retail structures with flexible layouts
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 | $52.8k | $19.92 |
| − Vacancy | −$2.1k | −$0.80 |
| EGI | $50.7k | $19.12 |
| − OpEx | −$15.2k | −$5.74 |
| NOI | $35.5k | $13.39 |
2,650 SF · lease $19.92/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$506.8K
$443.4K – $591.2K
NOI $35,474 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$676.0K
$591.5K – $788.6K
NOI $47,318 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Vacant retail property on a highly visible corner lot with grade-level access and window unit HVAC.
Where is this retail space located?
The property is located at 2423/2415 Palo Alto Rd San Antonio San Antonio, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Vacant dual‑property retail site at 2423 & 2415 (Vincent), on a highly visible corner lot with grade‑level access; Approximately 0.43 acres with combined retail space of about 2,560–2,650 SF; Built in 1954 with updates in 1970; functional retail structures with flexible layouts
