Mixed-Use Property with Restaurant
For Sale
$530,000
298 El Monte Blvd, San Antonio, TX 78212
Two freestanding buildings combine retail/shop and restaurant improvements with existing vent hood infrastructure.
Property Size2,255 SF
Lot Size0.21 Acres
Price / SF$235.03
Days on Market17
Property Features for 298 El Monte Blvd
General Information
Standard status
Active
Size
2,255 SF
Lot size
0.21 Acres
Zoning
C-2
Site & Location
Corner Location
Yes
Highway Access
Yes
Additional Details
Commercial Hood
Yes
Amenities
vent hood system
on-site parking
Building Details
Year Built
1945
Buildings
2
Listing Agency:
Uriah Real Estate Organization
(210) 315-8885
Listed By:
Uri Uriah · License #9002555
Source:
Sarahildebrandaguilera
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 25 at 5:25AM
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 Uriah Real Estate Organization
Investment Insights
Based on property information with market context.
This C-2 mixed-use property includes two freestanding buildings totaling approximately 2,255 square feet on 0.21 acres. The 1,002-square-foot former retail/shop building is paired with a 1,253-square-foot former restaurant building that retains restaurant infrastructure, including a vent hood system. On-site parking supports the property’s existing configuration.
The site occupies the signalized corner of San Pedro Avenue and El Monte Boulevard, just north of Downtown San Antonio. Access to US-281, Loop 410, and Interstate 10 connects the property with surrounding areas. Nearby demand drivers and commercial destinations include Olmos Park, Monte Vista, The Quarry Market, North Star Mall, San Antonio College, and the San Pedro commercial corridor.
C-2 zoning supports a range of stated commercial uses, including retail, restaurant, office, service-oriented, medical, and professional service concepts.
The site occupies the signalized corner of San Pedro Avenue and El Monte Boulevard, just north of Downtown San Antonio. Access to US-281, Loop 410, and Interstate 10 connects the property with surrounding areas. Nearby demand drivers and commercial destinations include Olmos Park, Monte Vista, The Quarry Market, North Star Mall, San Antonio College, and the San Pedro commercial corridor.
C-2 zoning supports a range of stated commercial uses, including retail, restaurant, office, service-oriented, medical, and professional service concepts.
Key Highlights
- Two freestanding buildings total approximately 2,255 square feet
- 1,253 SF former restaurant building includes existing vent hood infrastructure
- 1,002 SF former retail/shop building
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
$34,273
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
6.47%
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%
$685,460
$685.5K
Cap Rate 7%
$489,614
$489.6K
Cap Rate 9%
$380,811
$380.8K
Market Conditions
NOI Build-Up for 2,255 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
$47.4K $21.00/SF
− Vacancy
−$1.7K −$0.74/SF
EGI
$45.7K $20.27/SF
− OpEx
−$11.4K −$5.07/SF
NOI
$34.3K $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%
$685,460
Cap Rate 7%
$489,614
Cap Rate 9%
$380,811
Alternative Uses
Best Use
Specialty Retail
$489.6K
$428.4K – $571.2K
NOI $34,273 @ 7.0% cap · market cap 6.47%
Second Best
Retail
$431.2K
$377.3K – $503.1K
NOI $30,186 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$575.2K
$503.3K – $671.1K
NOI $40,265 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
Market
Vacancy Rate% for Retail in San Antonio, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two freestanding buildings combine retail/shop and restaurant improvements with existing vent hood infrastructure.
Where is this mixed-use property located?
The property is located at 298 El Monte Blvd San Antonio, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two freestanding buildings total approximately 2,255 square feet; 1,253 SF former restaurant building includes existing vent hood infrastructure; 1,002 SF former retail/shop building
