3221 N Flores St San Antonio, TX 78212
3221 N Flores St, San Antonio, TX, 78212
$950,000
For Sale
$950,000
Apartment buildings
Property Size4,039 SF
Price / SF$235.21
Days on Market164
Property Features for 3221 N Flores St
General Information
- Standard status
- Active
- Size
- 4,039 SF
- Property subtype
- Residential Income
Listing Agency
Keller Williams Heritage
(224) 634-8877
Listed by
Joel Leos
(224) 634-8877
Source
Exprealty
Added: Feb 6 Updated: Jul 10 at 1:43 pm Checked: Jul 20 at 6:02 am
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
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.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.0k | $19.80 |
| − Vacancy | −$5.0k | −$1.23 |
| EGI | $75.0k | $18.57 |
| − OpEx | −$33.8k | −$8.36 |
| NOI | $41.3k | $10.21 |
4,039 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$589.4K
$515.7K – $687.6K
NOI $41,258 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$901.5K – $1.20M
NOI $72,120 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
Where is this apartment building located?
The property is located at 3221 N Flores St San Antonio, TX.
What is the asking price?
The asking price for this property is $950,000.
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.
