Neighborhood Retail Center Near
3235 Wurzbach Rd San Antonio, TX 78238
For Sale
$12,630,000
Retail center with diverse tenants near Ingram Park Mall.
Property Size55,623 SF
Price / SF$227.06
Days on Market113
Property Features for 3235 Wurzbach Rd
General Information
- Standard status
- Active
- Size
- 55,623 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1980
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5225
Listed By:
Philip Levy · License #License(s): TX: 0522087-SA
(972) 755-5225
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 23 at 2:36AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Ingram Place is a 55,623-square-foot neighborhood retail center. It is currently 91 percent occupied by a diverse mix of service, medical, restaurant, and specialty retail tenants serving the surrounding Northwest San Antonio trade area. The property is anchored by a 7,764-square-foot federal government tenant (US Army/Navy/Air Force recruitment offices) and supported by a broad mix of neighborhood-serving businesses including Regional Finance, Sonterrey Mexican Restaurant, Flavor Rich Restaurant, Sana Asian Market, Peng's China Town Restaurant, The Fun Zone, Legacy Smile Family Dental, Harjap Liquors, Snap Back Tax, and Z Bridal. Adjacent pad sites Taco Bell and KFC are not a part of the offering. The center benefits from its high-visibility location along Wurzbach Road near the signalized intersection with Ingram Road and less than one-tenth of a mile from Loop 410, one of San Antonio’s most heavily traveled highways. Traffic counts along Wurzbach Road exceed 32,500 vehicles per day, delivering strong exposure and accessibility for tenants serving the surrounding dense residential population. Ingram Place is shadow-anchored by the 1.1 million-square-foot Ingram Park Mall, a dominant regional retail destination featuring major national retailers such as Macy’s, Dillard’s, and JCPenney along with more than 150 stores and restaurants that draw consistent regional traffic. The surrounding trade area features a dense concentration of national retailers, restaurants, and service providers, reinforcing the property’s role as a neighborhood retail hub.
Key Highlights
- High‑visibility location on Wurzbach Road with traffic exceeding 32,500 vehicles per day.
- 91% occupancy with a diverse mix of service, medical, restaurant, and specialty retail tenants.
- Anchored by a 7,764‑square‑foot federal government tenant (US Army/Navy/Air Force recruitment offices).
Financial Insights For Retail
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 | $1.11M | $19.92 |
| − Vacancy | −$44.3k | −$0.80 |
| EGI | $1.06M | $19.12 |
| − OpEx | −$319.1k | −$5.74 |
| NOI | $744.6k | $13.39 |
55,623 SF · lease $19.92/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$10.64M
$9.31M – $12.41M
NOI $744,583 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.19M
$12.41M – $16.55M
NOI $993,194 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Off Market Nearby
- Northwestern — 3208 Northwestern Dr, San Antonio, TX 78238
- Northwestern Square Stores — 3327 Wurzbach Rd, San Antonio, TX 78238
- The Village At Ingram Park — San Antonio, TX 78238
- Bargain Depot — 6772 ingram rd, san antonio, tx 78238
- Ingram Plaza — 6601 Northwest Loop 410, San Antonio, TX 78238
FAQs
What type of property is this?
Shopping center - Retail center with diverse tenants near Ingram Park Mall.
Where is this shopping center located?
The property is located at 3235 Wurzbach Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $12,630,000.
What are key features of this property?
This property features: High‑visibility location on Wurzbach Road with traffic exceeding 32,500 vehicles per day.; 91% occupancy with a diverse mix of service, medical, restaurant, and specialty retail tenants.; Anchored by a 7,764‑square‑foot federal government tenant (US Army/Navy/Air Force recruitment offices).
