Building Details

Building Size 17,480 SF

Year Built 2001

Listing Agency: Broll & Associates, REALTORS

Listed By: Bo Broll Broll Show Phone

Source: Elliman

Added: Jan 26 Changed: Oct 11 Last Checked: Oct 19 at 8:43AM

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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 Broll & Associates, REALTORS

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Investment Insights

Based on property information with market context.

This 4,000 sqft warehouse and office space is situated on 0.41 acres, presenting an opportunity for small businesses. Currently operating as an upholstery business, the property includes ample front parking and storage space. A notable feature is the 40 solar panels installed on the roof, contributing to reduced electricity costs. The warehouse is equipped with three large overhead garage doors, accommodating boats, trucks, or recreational vehicles. A car lift, installed two years ago, is included with the property. The interior comprises ample workspace and storage, along with two restrooms and a full kitchen. An additional room above the downstairs office can serve as a bedroom or a second private office. The sale includes the land, buildings, and attached fixtures such as the car lift and solar panels. While the asking price does not include the upholstery business, the owner is open to negotiating a buyout of both the property and the business. This property is suitable for various businesses, including automotive, mechanic, fabrication, retail, and personal training (gym).

Key Highlights

• 4,000 sqft warehouse and office space on .41 acres, suitable for various businesses.
• Includes 40 solar panels for reduced electricity costs.
• Features 3 large overhead garage doors for accommodating large vehicles.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,342

Cap Rate

7.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$646,840 $646.8K

Cap Rate 7%

$462,029 $462.0K

Cap Rate 9%

$359,356 $359.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$52.3K $13.08/SF

− Vacancy

−$2.6K −$0.64/SF

EGI

$49.8K $12.44/SF

− OpEx

−$17.4K −$4.35/SF

NOI

$32.3K $8.09/SF

Area

Bexar County, TX

Vacancy

4.90%

Lease Rate

$13.08 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$646,840

Cap Rate 7%

$462,029

Cap Rate 9%

$359,356

Alternative Uses

Best Use

Office B

$920.6K

$805.5K – $1.07M (±1% cap)

NOI $64,440 @ 7.0% cap · market cap 15.16%

Second Best

Retail

$760.3K

$665.3K – $887.0K (±1% cap)

NOI $53,222 @ 7.0% cap · market cap 12.52%

Theoretical Best

Office A

$1.08M

$947.3K – $1.26M (±1% cap)

NOI $75,784 @ 7.0% cap · market cap 17.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

266

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 78219, TX

16,509

Population

6,303

Households

2.6

Avg Household Size

33

Median Age

13%

College-Educated

77%

High-School Grad

15.7 sq mi

ZIP Area

1,052

Density / Sq Mi

$52,147

Median Household Income

$31,608

Median Earnings

$1,128

Median Rent

$155,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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• Coleman American Moving Services, Inc. — 326 Springfield Rd, San Antonio, TX 78219
• North American Van Lines — 1618 Cornerway Blvd suite 150 a, San Antonio, TX 78219

Frequently Asked Questions

What type of property is this?

Warehouse - 4,000 sqft warehouse/office on 0.41 acres, suitable for various businesses.

Where is this warehouse located?

The property is located at 2627 Ackerman Rd Kirby, TX.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 4,000 sqft warehouse and office space on .41 acres, suitable for various businesses.; Includes **40 solar panels for reduced electricity costs**.; Features **3 large overhead garage doors for accommodating large vehicles**.