Two-Concept Restaurant
New
For Sale
$4,350,000
4946 RIGSBY AVE SAN ANTONIO TX 78222, San Antonio, TX 78222
Restaurant, bar, banquet, and event facilities support multiple hospitality operations on one commercial site.
Property Size14,000 SF
Lot Size1.64 Acres
Price / SF$310.71
Days on Market4
Property Features for 4946 RIGSBY AVE SAN ANTONIO TX 78222
General Information
Standard status
Active
Size
14,000 SF
Lot size
1.64 Acres
Property subtype
Restaurant/Bar
Zoning
COMM
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Amenities
dining areas
commercial kitchen infrastructure
bar facilities
adjoining event space
banquet/event capabilities
Building Details
Year Built
1980
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Roxanne Jenke
(210) 416-2192
Source:
Kwsanantonio
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 2 at 1:18PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Located at 4946 Rigsby Ave in San Antonio, this restaurant property includes approximately 14,000 SF of improvements on 1.64 acres. The offering includes two operating restaurant businesses, with facilities spanning dining areas, commercial kitchens, bar service, banquet functions, and event space. About 9,000 SF is configured for the sports bar, restaurant, and banquet/event operation, while a separate 5,000 SF restaurant has operated at the site since 1972.
The property occupies an entire city block with frontage along Rigsby Avenue. Regional access includes Loop 13, Loop 410, Interstate 10, and South WW White Road. Built in 1980, the site combines established hospitality operations with existing restaurant infrastructure and dedicated space for private parties and special events.
The property occupies an entire city block with frontage along Rigsby Avenue. Regional access includes Loop 13, Loop 410, Interstate 10, and South WW White Road. Built in 1980, the site combines established hospitality operations with existing restaurant infrastructure and dedicated space for private parties and special events.
Key Highlights
- Approximately 14,000 SF of improvements on 1.64 acres
- Two operating restaurant businesses included in the offering
- Approximately 9,000 SF sports bar, restaurant, and banquet/event component
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
$212,783
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
4.89%
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%
$4,255,660
$4.3M
Cap Rate 7%
$3,039,757
$3.0M
Cap Rate 9%
$2,364,256
$2.4M
Market Conditions
NOI Build-Up for 14,000 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
$294.0K $21.00/SF
− Vacancy
−$10.3K −$0.74/SF
EGI
$283.7K $20.27/SF
− OpEx
−$70.9K −$5.07/SF
NOI
$212.8K $15.20/SF
Area
San Antonio, TX
Vacancy
3.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$4,255,660
Cap Rate 7%
$3,039,757
Cap Rate 9%
$2,364,256
Alternative Uses
Best Use
Specialty Retail
$3.04M
$2.66M – $3.55M
NOI $212,783 @ 7.0% cap · market cap 4.89%
Second Best
Industrial
$1.14M
$1.00M – $1.33M
NOI $80,086 @ 7.0% cap · market cap 1.84%
Theoretical Best
Office A
$3.57M
$3.12M – $4.17M
NOI $249,981 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78222, TX
25,028
Population
9,668
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
19.1 sq mi
ZIP Area
1,310
Density / Sq Mi
$64,251
Median Household Income
$37,730
Median Earnings
$1,151
Median Rent
$188,100
Median Home Value
Market
Vacancy Rate% for Retail in San Antonio, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Habachi Buffet — 2203 SE Loop 410 Acc Rd, San Antonio, TX 78220
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant, bar, banquet, and event facilities support multiple hospitality operations on one commercial site.
Where is this conventional restaurant located?
The property is located at 4946 RIGSBY AVE SAN ANTONIO TX 78222 San Antonio, TX.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Approximately 14,000 SF of improvements on 1.64 acres; Two operating restaurant businesses included in the offering; Approximately 9,000 SF sports bar, restaurant, and banquet/event component
