For Sale
$950,000
3221 N Flores St, San Antonio, TX 78212
Apartment buildings
Property Size4,039 SF
Price / SF$235.21
Days on Market177
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
Changed: Jul 10
Last Checked: Jul 31 at 2:05PM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,574
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 Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
