Mixed-Use Property with
For Sale
$198,000
303 Ward Ave, San Antonio, TX 78223
C-2 zoning and separate access from Hackberry and Ward Avenue support a flexible commercial setting.
Property Size1,176 SF
Price / SF$168.37
Days on Market12
Property Features for 303 Ward Ave
General Information
Standard status
Active
Size
1,176 SF
Zoning
C-2
Site & Location
Neighborhood
South Side
Highway Access
Yes
Road Access
Yes
Units
Multifamily Units
1
Office Units
1
Additional Details
Condition
Newly Renovated
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,614
Building Details
Buildings
2
Owner Occupied
No
Listing Agency:
Great Metro Realty
Listed By:
Kenneth Martinez
(210) 846-7400
Source:
Exprealty
Added: Oct 23
Changed: Oct 30
Last Checked: Nov 1 at 10:40AM
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 Great Metro Realty
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Investment Insights
Based on property information with market context.
This C-2-zoned property contains two structures: a 696-square-foot office in the front and an apartment at the rear. The office has undergone remodeling that included plumbing, foundation, flooring, walls, and HVAC work. It is vacant, while the updated apartment is occupied. The property has 1,176 square feet of reported property area.
Access is available from Hackberry and Ward Avenue. The rear apartment’s parking is reached by a driveway on Hackberry. IH 37 and Brooks City Base are nearby.
Access is available from Hackberry and Ward Avenue. The rear apartment’s parking is reached by a driveway on Hackberry. IH 37 and Brooks City Base are nearby.
Key Highlights
- Two structures: a 696‑square‑foot office and a rear apartment
- 1,176 square feet of reported property area
- C‑2 zoning
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
1
Residential units
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
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 zoning and separate access from Hackberry and Ward Avenue support a flexible commercial setting.
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: a 696‑square‑foot office and a rear apartment; 1,176 square feet of reported property area; C‑2 zoning
