Mixed-Use Property with
New
For Sale
Contact for pricing
24851 Pleasanton Road, San Antonio, TX 78264
Mostly cleared land includes a barndominium shell with septic and electrical service already in place.
Property Size1,260 SF
Lot Size12.67 Acres
Price / SF$257.94
Days on Market5
Property Features for 24851 Pleasanton Road
General Information
Standard status
Active
Size
1,260 SF
Lot size
12.67 Acres
Property subtype
Multifamily, Mixed Use, Mobile Home Park
Additional Details
Utilities to Site
Yes
Building Details
Buildings
1
Building Size
1,260 SF
Listing Agency:
Cuspid Realty LLC
Listed By:
Christine Leyva · License #Texas 9004586
(210) 255-8963
Source:
Crexi
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 18 at 2:51PM
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 Cuspid Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property comprises approximately 12.67 acres with mostly cleared land and an approximately 1,260-square-foot barndominium shell. The shell provides an existing improvement that may be adapted to an owner’s requirements, subject to applicable governmental, access, utility, and development requirements. Septic and electrical infrastructure are already present on the property.
The tract is located outside city limits, identified as OCL in the property information. Its acreage and existing improvements provide a combination of land and building space for a business or owner-user seeking room for operations and future adaptation, subject to applicable requirements.
The tract is located outside city limits, identified as OCL in the property information. Its acreage and existing improvements provide a combination of land and building space for a business or owner-user seeking room for operations and future adaptation, subject to applicable requirements.
Key Highlights
- Approximately 12.67 acres
- Approximately 1,260 SF barndominium shell
- Mostly cleared acreage
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
$17,172
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
5.28%
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%
$343,440
$343.4K
Cap Rate 7%
$245,314
$245.3K
Cap Rate 9%
$190,800
$190.8K
Market Conditions
NOI Build-Up for 1,260 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
$27.8K $22.08/SF
− Vacancy
−$4.9K −$3.91/SF
EGI
$22.9K $18.17/SF
− OpEx
−$5.7K −$4.54/SF
NOI
$17.2K $13.63/SF
Area
San Antonio, TX
Vacancy
17.70%
Lease Rate
$22.08 /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%
$343,440
Cap Rate 7%
$245,314
Cap Rate 9%
$190,800
Alternative Uses
Best Use
Office B
$245.3K
$214.7K – $286.2K
NOI $17,172 @ 7.0% cap · market cap 5.28%
Second Best
Mixed Use
$230.9K
$202.0K – $269.3K
NOI $16,160 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$321.4K
$281.2K – $375.0K
NOI $22,498 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 78264, TX
14,705
Population
4,465
Households
3.3
Avg Household Size
35
Median Age
13%
College-Educated
76%
High-School Grad
70.7 sq mi
ZIP Area
208
Density / Sq Mi
$60,245
Median Household Income
$32,732
Median Earnings
$1,381
Median Rent
$134,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
Mixed-use property - Mostly cleared land includes a barndominium shell with septic and electrical service already in place.
Where is this mixed-use property located?
The property is located at 24851 Pleasanton Road San Antonio, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Approximately 12.67 acres; Approximately 1,260 SF barndominium shell; Mostly cleared acreage
