7th-Floor Shell Office
For Sale
Contact for pricing
425 Soledad St, San Antonio, TX 78205
Shell office condo on the 7th floor with elevator access in Falcon Bank Condominium.
Property Size8,609 SF
Price / SF$232.32
Days on Market317
Property Features for 425 Soledad St
General Information
Standard status
Active
Size
8,609 SF
Elevators
Yes
Property subtype
OFFICE
Site & Location
Neighborhood
Downtown
Additional Details
Floor
7
Listing Agency:
JB Goodwin, REALTORS
(210) 581-9050
Listed By:
Linda Hinshaw
(512) 502-7551
Source:
Moodyscre
Added: Dec 23, 2025
Changed: Oct 26
Last Checked: Nov 3 at 8:18AM
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 JB Goodwin, REALTORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An 8,609 SF shell office condo on the 7th floor, offered as a blank-canvas space for a custom build-out for professional office or business use. The unit is located within Falcon Bank Condominium and includes elevator access.
The property is positioned in downtown San Antonio, with proximity to law firms, tech companies, and downtown amenities. The seller has condominium documents available, including the Fifth Amendment to the Declaration, Falcon Condominium rules, and easement agreements. There is no survey or floor plan.
Buyer should verify the square footage, legal description, HOA dues, parking options, and suitability for the intended use. HOA fees entered in MLS reflect prior records and may not be current, and no deeded parking conveys.
The property is positioned in downtown San Antonio, with proximity to law firms, tech companies, and downtown amenities. The seller has condominium documents available, including the Fifth Amendment to the Declaration, Falcon Condominium rules, and easement agreements. There is no survey or floor plan.
Buyer should verify the square footage, legal description, HOA dues, parking options, and suitability for the intended use. HOA fees entered in MLS reflect prior records and may not be current, and no deeded parking conveys.
Key Highlights
- 8,609 SF 7th‑floor shell office condo for custom build‑out
- Blank‑canvas space suited for professional office or business use
- Elevator access within Falcon Bank Condominium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,331
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,346,620
$2.3M
Cap Rate 7%
$1,676,157
$1.7M
Cap Rate 9%
$1,303,678
$1.3M
Market Conditions
NOI Build-Up for 8,609 SF
Gross rent
$190.1K $22.08/SF
− Vacancy
−$33.6K −$3.91/SF
EGI
$156.4K $18.17/SF
− OpEx
−$39.1K −$4.54/SF
NOI
$117.3K $13.63/SF
Area
San Antonio, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,346,620
Cap Rate 7%
$1,676,157
Cap Rate 9%
$1,303,678
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,331 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,721 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7,288
Businesses Nearby
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Business Placement
Demographics for 78205, TX
2,339
Population
1,755
Households
1.3
Avg Household Size
43
Median Age
44%
College-Educated
84%
High-School Grad
1.2 sq mi
ZIP Area
1,949
Density / Sq Mi
$34,631
Median Household Income
$43,382
Median Earnings
$1,265
Median Rent
$470,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Antonio, TX
Frequently Asked Questions
What type of property is this?
Office unit - Shell office condo on the 7th floor with elevator access in Falcon Bank Condominium.
Where is this office unit located?
The property is located at 425 Soledad St San Antonio, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 8,609 SF 7th‑floor shell office condo for custom build‑out; Blank‑canvas space suited for professional office or business use; Elevator access within Falcon Bank Condominium
