Corner Lot Retail
For Sale
Contact for pricing
2423/2415 Palo Alto Rd San Antonio, San Antonio, TX 78211
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$150.57
Days on Market210
Property Features for 2423/2415 Palo Alto Rd San Antonio
General Information
Standard status
Active
Size
2,650 SF
Class
C
Lot size
0.43 Acres
Property subtype
Retail
Zoning
C-3, R-4
Site & Location
Neighborhood
Palo Alto Heights
Building Details
Year Built
1970
Year Renovated
1970
Buildings
1
Listing Agency:
Crossed Sabers Commercial Real Estate LLC
Listed By:
Will Curtis · License #627466
(210) 201-5444
Source:
Crexi
Added: Mar 31
Changed: Oct 25
Last Checked: Oct 24 at 4:32PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,474
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,480
$709.5K
Cap Rate 7%
$506,771
$506.8K
Cap Rate 9%
$394,156
$394.2K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$52.8K $19.92/SF
− Vacancy
−$2.1K −$0.80/SF
EGI
$50.7K $19.12/SF
− OpEx
−$15.2K −$5.74/SF
NOI
$35.5K $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%
$709,480
Cap Rate 7%
$506,771
Cap Rate 9%
$394,156
Alternative Uses
Best Use
Retail
$506.8K
$443.4K – $591.2K
NOI $35,474 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$676.0K
$591.5K – $788.6K
NOI $47,318 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
228
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
Market
Vacancy Rate% for Retail in San Antonio, TX
Frequently Asked Questions
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 $399,000.
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
