Office/Warehouse Flex Space For
For Sale
$695,000
5367 State Hwy 97 E, Floresville, TX 78114
3,200 SF Office/Warehouse (Flex space) on 0.94 acres.
Property Size3,200 SF
Lot Size0.94 Acres
Price / SF$217.19
Days on Market170
Property Features for 5367 State Hwy 97 E
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.94 Acres
Property subtype
Industrial
Zoning
OCL
Building Details
Building Size
3,200 SF
Listing Agency:
Coldwell Banker Commercial Alamo City
(210) 483-6252
Listed By:
Brent Holmes · License #713693
(210) 483-6252
Source:
Cbcworldwide
Added: Mar 5
Changed: Aug 16
Last Checked: Aug 14 at 7:22AM
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 Coldwell Banker Commercial Alamo City
Investment Insights
Based on property information with market context.
This is an investment opportunity to acquire a well-built 3,200 SF office/warehouse flex space situated on approximately 0.94 unrestricted acres. The property features a fully fenced yard with an electric gate. Its location provides easy access to San Antonio, Floresville, and surrounding markets. The property is currently under a new fully executed 5-year lease.
Key Highlights
- Fully Executed 5‑Year Lease: Investment Opportunity
- 3,200 SF Office/Warehouse: A versatile flex space
- +/- 0.94 UNRESTRICTED Acre
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
$33,696
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
4.85%
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%
$673,920
$673.9K
Cap Rate 7%
$481,371
$481.4K
Cap Rate 9%
$374,400
$374.4K
Market Conditions
NOI Build-Up for 3,200 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
$57.6K $18.00/SF
− Vacancy
−$5.8K −$1.80/SF
EGI
$51.8K $16.20/SF
− OpEx
−$18.1K −$5.67/SF
NOI
$33.7K $10.53/SF
Area
Wilson County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$673,920
Cap Rate 7%
$481,371
Cap Rate 9%
$374,400
Alternative Uses
Best Use
Flex RnD
$481.4K
$421.2K – $561.6K
NOI $33,696 @ 7.0% cap · market cap 4.85%
Second Best
Industrial
$273.6K
$239.4K – $319.2K
NOI $19,152 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$816.3K
$714.2K – $952.3K
NOI $57,139 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78114, TX
22,178
Population
9,212
Households
2.4
Avg Household Size
41
Median Age
24%
College-Educated
88%
High-School Grad
349.1 sq mi
ZIP Area
64
Density / Sq Mi
$84,260
Median Household Income
$47,336
Median Earnings
$1,079
Median Rent
$273,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 3,200 SF Office/Warehouse (Flex space) on 0.94 acres.
Where is this flex space located?
The property is located at 5367 State Hwy 97 E Floresville, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Fully Executed 5‑Year Lease: Investment Opportunity; 3,200 SF Office/Warehouse: A versatile flex space; +/- 0.94 UNRESTRICTED Acre
