Remodeled Office with Private
5717 Northwest Pkwy, San Antonio, TX 78249
For Sale
Contact for pricing
Remodeled office space featuring 26 private suites in central location.
Property Size12,124 SF
Price / SF$197.95
Days on Market1081
Property Features for 5717 Northwest Pkwy
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Realty One Group Emerald
Listed By:
Devin Resendez · License TX #0663042
(210) 489-9277
Source:
Crexi
Added: Nov 29, 2023
Changed: Nov 7
Last Checked: Nov 12 at 6:39AM
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 Realty One Group Emerald
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Investment Insights
Based on property information with market context.
This remodeled office property, suitable for co-working space, features 26 private office suites. The property is centrally located and offers a total size of 12124 square feet.
Key Highlights
- Beautifully remodeled office space
- Features 26 private office suites
- Great for co‑working space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,237
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,304,740
$3.3M
Cap Rate 7%
$2,360,529
$2.4M
Cap Rate 9%
$1,835,967
$1.8M
Market Conditions
NOI Build-Up for 12,124 SF
Gross rent
$267.7K $22.08/SF
− Vacancy
−$47.4K −$3.91/SF
EGI
$220.3K $18.17/SF
− OpEx
−$55.1K −$4.54/SF
NOI
$165.2K $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%
$3,304,740
Cap Rate 7%
$2,360,529
Cap Rate 9%
$1,835,967
Alternative Uses
Best Use
Office B
$2.36M
$2.07M – $2.75M
NOI $165,237 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,484 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
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Business Placement
Demographics for 78249, TX
56,996
Population
24,058
Households
2.4
Avg Household Size
30
Median Age
52%
College-Educated
96%
High-School Grad
14.5 sq mi
ZIP Area
3,931
Density / Sq Mi
$80,851
Median Household Income
$39,017
Median Earnings
$1,475
Median Rent
$284,200
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?
Coworking space - Remodeled office space featuring 26 private suites in central location.
Where is this coworking space located?
The property is located at 5717 Northwest Pkwy San Antonio, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Beautifully remodeled office space; Features 26 private office suites; Great for co‑working space
