Flex Space with Fenced
For Sale
$649,000
3514 Copeland, San Antonio, TX 78219
Two-building industrial property offers office areas, storage, loading access, and convenient interstate connectivity.
Property Size9,100 SF
Lot Size0.53 Acres
Price / SF$71.32
Days on Market24
Property Features for 3514 Copeland
General Information
Standard status
Active
Size
9,100 SF
Lot size
0.53 Acres
Zoning
I-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Dock-High Doors
1
Building Details
Year Built
1981
Buildings
2
Listing Agency:
Full Spectrum Realty
(512) 748-6847
Listed By:
Tammara Alarcon · License #561134
Source:
Theswinneygroup
Added: Aug 8
Changed: Aug 29
Last Checked: Aug 30 at 7:24PM
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 Full Spectrum Realty
Investment Insights
Based on property information with market context.
This 9,100-square-foot flex property includes two buildings on 0.53 acres. The white building features a high-ceilinged front office, lobby, additional office space, three bay doors, and a rear loading dock. Interior storage areas and a fenced yard add practical functionality for industrial or service-oriented operations. The property was built in 1981 and carries I-2 zoning.
Located at 3514 Copeland Dr in San Antonio, the site is near I-35, northeast of downtown, with access supported by recent street upgrades. Its position near the interstate provides a direct connection to the surrounding transportation network.
Located at 3514 Copeland Dr in San Antonio, the site is near I-35, northeast of downtown, with access supported by recent street upgrades. Its position near the interstate provides a direct connection to the surrounding transportation network.
Key Highlights
- 9,100‑square‑foot flex property on 0.53 acres
- Two buildings with office, lobby, and interior storage areas
- White building includes 3 bay doors and a rear loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,056
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,120
$1.0M
Cap Rate 7%
$743,657
$743.7K
Cap Rate 9%
$578,400
$578.4K
Market Conditions
NOI Build-Up for 9,100 SF
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.
Gross rent
$81.9K $9.00/SF
− Vacancy
−$7.5K −$0.83/SF
EGI
$74.4K $8.17/SF
− OpEx
−$22.3K −$2.45/SF
NOI
$52.1K $5.72/SF
Area
San Antonio, TX
Vacancy
9.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,120
Cap Rate 7%
$743,657
Cap Rate 9%
$578,400
Alternative Uses
Best Use
Warehouse
$903.0K
$790.1K – $1.05M
NOI $63,210 @ 7.0% cap · market cap 9.74%
Second Best
Industrial
$743.7K
$650.7K – $867.6K
NOI $52,056 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,488 @ 7.0% cap · market cap 25.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78219, TX
16,509
Population
6,303
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
15.7 sq mi
ZIP Area
1,052
Density / Sq Mi
$52,147
Median Household Income
$31,608
Median Earnings
$1,128
Median Rent
$155,200
Median Home Value
Market
Vacancy Rate% for Industrial in San Antonio, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building industrial property offers office areas, storage, loading access, and convenient interstate connectivity.
Where is this flex space located?
The property is located at 3514 Copeland San Antonio, TX.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 9,100‑square‑foot flex property on 0.53 acres; Two buildings with office, lobby, and interior storage areas; White building includes 3 bay doors and a rear loading dock
