For Sale
$895,000
3221 N Flores San, San Antonio, TX 78212
Apartment buildings
Property Size4,039 SF
Price / SF$221.59
Days on Market255
Property Features for 3221 N Flores San
General Information
Standard status
Active
Size
4,039 SF
Property subtype
Multi-Family
Amenities
3+ Window/Wall
Composition, Metal
Building Details
Building Size
4,039 SF
Year Built
1926
Listing Agency:
Keller Williams Heritage
Listed By:
Joel Leos · License #570952
(224) 634-8877
Source:
Kw
Added: Feb 7
Changed: Oct 19
Last Checked: Oct 19 at 5:49AM
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 Keller Williams Heritage
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Investment Insights
Based on property information with market context.
Key Highlights
- Value‑add opportunity in desirable Alta Vista neighborhood.
- Significant rent growth potential with below‑market rents and flexible occupancy.
- One unit under construction (2‑bedroom / 1‑bath), offering immediate value upon completion.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,258
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,160
$825.2K
Cap Rate 7%
$589,400
$589.4K
Cap Rate 9%
$458,422
$458.4K
Market Conditions
NOI Build-Up for 4,039 SF
Gross rent
$80.0K $19.80/SF
− Vacancy
−$5.0K −$1.23/SF
EGI
$75.0K $18.57/SF
− OpEx
−$33.8K −$8.36/SF
NOI
$41.3K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,160
Cap Rate 7%
$589,400
Cap Rate 9%
$458,422
Alternative Uses
Best Use
Apartment 5plus
$589.4K
$515.7K – $687.6K
NOI $41,258 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$901.5K – $1.20M
NOI $72,120 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,104
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this apartment building located?
The property is located at 3221 N Flores San San Antonio, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Value‑add opportunity in desirable Alta Vista neighborhood.; Significant rent growth potential with below‑market rents and flexible occupancy.; One unit under construction (2‑bedroom / 1‑bath), offering immediate value upon completion.
