Mixed-Use Property with
New
For Sale
$198,000
303 WARD AVE, San Antonio, TX 78223
Commercial Improved Prop, San Antonio, TX
Property Size1,176 SF
Lot Size0.16 Acres
Price / SF$168.37
Days on Market2
Property Features for 303 WARD AVE
General Information
Property type
Other
Property subtype
Office
Zoning
C-2
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1900
Standard status
Active
APN
063950030121
Size
1,176 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Condition
Newly Renovated
Taxes and HOA fees
Tax Annual Amount
4614
Utilities
Heating system
Central
Building Details
Year built
1928
Floors in Building
1
Number of units
2
Roof type
Composition
Buildings
2
Listing Agency:
Great Metro Realty
Listed By:
Kenneth Martinez
(210) 846-7400
Added: Oct 23
Last Checked: Oct 24 at 3:06PM
MLS# 2025678
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This C-2-zoned mixed-use property includes two structures totaling 1,176 square feet. The office occupies the front building and measures 696 square feet; its plumbing, foundation, floors, walls, and HVAC have been renovated. It is vacant. A remodeled apartment occupies the rear structure and is currently leased to an occupant.
Access is available from Hackberry and Ward Avenue. The apartment has a driveway entrance on Hackberry for parking. The property was built in 1928 and has central heating.
Access is available from Hackberry and Ward Avenue. The apartment has a driveway entrance on Hackberry for parking. The property was built in 1928 and has central heating.
Key Highlights
- Two structures totaling 1,176 square feet on a 0.155‑acre lot
- Front office measures 696 square feet and is vacant
- Office renovations include plumbing, foundation, floors, walls, and HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,908
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,160
$318.2K
Cap Rate 7%
$227,257
$227.3K
Cap Rate 9%
$176,756
$176.8K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$25.4K $21.60/SF
− Vacancy
−$4.2K −$3.56/SF
EGI
$21.2K $18.04/SF
− OpEx
−$5.3K −$4.51/SF
NOI
$15.9K $13.53/SF
Area
ZIP 78223
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,160
Cap Rate 7%
$227,257
Cap Rate 9%
$176,756
Alternative Uses
Best Use
Office B
$227.3K
$198.9K – $265.1K
NOI $15,908 @ 7.0% cap · market cap 8.03%
Second Best
Mixed Use
$199.6K
$174.6K – $232.9K
NOI $13,971 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$282.8K
$247.5K – $329.9K
NOI $19,796 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 78223, TX
55,705
Population
22,278
Households
2.5
Avg Household Size
35
Median Age
12%
College-Educated
78%
High-School Grad
40.9 sq mi
ZIP Area
1,362
Density / Sq Mi
$50,352
Median Household Income
$33,762
Median Earnings
$1,054
Median Rent
$156,700
Median Home Value
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Market
Vacancy Rate% for Office in San Antonio, TX
Frequently Asked Questions
What type of property is this?
Mixed-use property - A vacant, renovated office sits alongside a separate occupied apartment, with driveway access from Hackberry.
Where is this mixed-use property located?
The property is located at 303 WARD AVE San Antonio, TX.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Two structures totaling 1,176 square feet on a 0.155‑acre lot; Front office measures 696 square feet and is vacant; Office renovations include plumbing, foundation, floors, walls, and HVAC
