Building Details

Year Built 2015

Listing Agency: Exquisite Properties, LLC

Listed By: Marie Crabb · License #612087 Show Phone

Source: Thebranchinc

Added: Aug 30 Changed: Oct 8 Last Checked: Oct 7 at 5:21PM

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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 Exquisite Properties, LLC

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Investment Insights

Based on property information with market context.

This 886 SF storefront suite was built in 2015 and features a flexible interior with prominent storefront windows. The space has previously accommodated a martial arts academy and can support retail, office, salon, boutique fitness, studio, or other service-based operations. Tenant responsibility is limited to electric under the stated operating arrangement.

The suite is located directly across from City Hall at 3230 Hillcrest Dr Unit 3 in Balcones Heights, Texas. Flexible 12-month lease terms are available, providing a defined occupancy structure for a range of commercial users.

Key Highlights

• 886 SF storefront suite built in 2015
• Prominent storefront windows provide business exposure
• Flexible layout previously used for a martial arts academy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,789

Suggested Prices Based on Cap Rates

Cap Rate 5%

$235,780 $235.8K

Cap Rate 7%

$168,414 $168.4K

Cap Rate 9%

$130,989 $131.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 886 SF

Gross rent

$17.5K $19.80/SF

− Vacancy

−$702 −$0.79/SF

EGI

$16.8K $19.01/SF

− OpEx

−$5.1K −$5.70/SF

NOI

$11.8K $13.31/SF

Area

Bexar County, TX

Vacancy

4.00%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$235,780

Cap Rate 7%

$168,414

Cap Rate 9%

$130,989

Alternative Uses

Best Use

Retail

$168.4K

$147.4K – $196.5K (±1% cap)

NOI $11,789 @ 7.0% cap · market cap 798.17%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$239.8K

$209.8K – $279.8K (±1% cap)

NOI $16,786 @ 7.0% cap · market cap 1,136.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Electrical Service Locksmith Catering Service (Bike/Boat/Book/etc) Store Garden Center Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,163

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 78201, TX

42,005

Population

18,661

Households

2.3

Avg Household Size

39

Median Age

17%

College-Educated

73%

High-School Grad

7.1 sq mi

ZIP Area

5,916

Density / Sq Mi

$46,129

Median Household Income

$30,517

Median Earnings

$1,033

Median Rent

$187,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Prominent display windows and a flexible interior support retail, office, salon, fitness, studio, and service uses.

Where is this storefront property located?

The property is located at 3230 Hillcrest Dr Unit 3 Balcones Heights, TX.

What are key features of this property?

This property features: 886 SF storefront suite built in 2015; Prominent storefront windows provide business exposure; Flexible layout previously used for a martial arts academy