Industrial
For Sale
Contact for pricing
400 Probandt, San Antonio, TX 78204
IDZ zoning allows for industrial or mixed-use development.
Property Size70,825 SF
Price / SF$0.00
Days on Market88
Property Features for 400 Probandt
General Information
Standard status
Active
Size
70,825 SF
Total Parking Spaces
1000
Property subtype
Commercial
Zoning
IDZ
Site & Location
Neighborhood
King William
Highway Access
Yes
Building Details
Building Size
70,825 SF
Year Built
1945
Buildings
8
Units
8
Listing Agency:
Dh Realty Partners, Inc
(210) 222-2424
Listed By:
Michael Hoover · License #391636
(210) 218-9095
Source:
Dowdyrealestate
Added: Aug 3
Changed: Oct 25
Last Checked: Oct 26 at 3:42AM
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 Dh Realty Partners, Inc
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Investment Insights
Based on property information with market context.
The property contains a 70,825-square-foot industrial warehouse, built in 1945, on the corner of Probandt and Simon streets. Its IDZ zoning is described as flexible for industrial or mixed-use development.
The site is near downtown San Antonio, with access to major highways. King William District, Southtown, and the Lone Star area are nearby.
The site is near downtown San Antonio, with access to major highways. King William District, Southtown, and the Lone Star area are nearby.
Key Highlights
- 70,825‑square‑foot industrial warehouse
- IDZ zoning described as flexible for industrial or mixed‑use development
- Corner location at Probandt and Simon streets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$491,965
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,839,300
$9.8M
Cap Rate 7%
$7,028,071
$7.0M
Cap Rate 9%
$5,466,278
$5.5M
Market Conditions
NOI Build-Up for 70,825 SF
Gross rent
$637.4K $9.00/SF
− Vacancy
−$58.6K −$0.83/SF
EGI
$578.8K $8.17/SF
− OpEx
−$86.8K −$1.23/SF
NOI
$492.0K $6.95/SF
Area
San Antonio, TX
Vacancy
9.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,839,300
Cap Rate 7%
$7,028,071
Cap Rate 9%
$5,466,278
Alternative Uses
Best Use
Warehouse
$7.03M
$6.15M – $8.20M
NOI $491,965 @ 7.0% cap · market cap 4,472,409.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.07M
$15.81M – $21.08M
NOI $1,264,638 @ 7.0% cap · market cap 11,496,709.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
966
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78204, TX
11,298
Population
6,210
Households
1.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
4,184
Density / Sq Mi
$54,667
Median Household Income
$35,107
Median Earnings
$1,516
Median Rent
$142,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in San Antonio, TX
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- The Warehouse — 1119 S St Mary's St, San Antonio, TX 78210
Frequently Asked Questions
What type of property is this?
Warehouse - IDZ zoning allows for industrial or mixed-use development.
Where is this warehouse located?
The property is located at 400 Probandt San Antonio, TX.
What are key features of this property?
This property features: 70,825‑square‑foot industrial warehouse; IDZ zoning described as flexible for industrial or mixed‑use development; Corner location at Probandt and Simon streets
