Two-Building Industrial Warehouse
For Sale
Contact for pricing
5731 Rittiman Plaza, San Antonio, TX 78218
Two-building industrial property with a fenced yard, automatic gate, and warehouse and auto repair improvements.
Property Size12,000 SF
Price / SF$166.25
Days on Market47
Property Features for 5731 Rittiman Plaza
General Information
Standard status
Active
Size
12,000 SF
Class
B
Property subtype
Industrial
Zoning
L light industrial
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Value Add
Net Operating Income
$111,312
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Conditioned Warehouse
Yes
Amenities
air-conditioned warehouse
automatic gate
Building Details
Year Built
2015
Buildings
2
Tenancy
Multi
Listing Agency:
Duke Commercial Real Estate Services LLC
Listed By:
Jack Duke · License #TX 9001205
Source:
Crexi
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 30 at 12:51PM
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 Duke Commercial Real Estate Services LLC
Investment Insights
Based on property information with market context.
This industrial warehouse property includes two separate buildings totaling 12,000 square feet. The front structure contains an air-conditioned warehouse, while the rear building is configured as an auto repair facility. Site improvements include a fenced yard, automatic gate, and shared parking.
The property is located at 5731 Rittiman Plaza in San Antonio, with access to Rittiman Road, Loop 410, Interstate 10, and Interstate 35. Zoning is L light industrial, and the buildings were constructed in 2015. The configuration supports a range of warehouse, service, repair, light manufacturing, contractor, and distribution operations identified for the property.
The property is located at 5731 Rittiman Plaza in San Antonio, with access to Rittiman Road, Loop 410, Interstate 10, and Interstate 35. Zoning is L light industrial, and the buildings were constructed in 2015. The configuration supports a range of warehouse, service, repair, light manufacturing, contractor, and distribution operations identified for the property.
Key Highlights
- Two 6,000 SF buildings with 12,000 SF combined
- Front building includes an air‑conditioned warehouse
- Rear building configured as an auto repair facility
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
$160,635
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
8.05%
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%
$3,212,700
$3.2M
Cap Rate 7%
$2,294,786
$2.3M
Cap Rate 9%
$1,784,833
$1.8M
Market Conditions
NOI Build-Up for 12,000 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
$239.0K $19.92/SF
− Vacancy
−$9.6K −$0.80/SF
EGI
$229.5K $19.12/SF
− OpEx
−$68.8K −$5.74/SF
NOI
$160.6K $13.39/SF
Area
San Antonio, TX
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
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%
$3,212,700
Cap Rate 7%
$2,294,786
Cap Rate 9%
$1,784,833
Alternative Uses
Best Use
Retail
$2.29M
$2.01M – $2.68M
NOI $160,635 @ 7.0% cap · market cap 8.05%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,354 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,270 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78218, TX
36,137
Population
15,462
Households
2.3
Avg Household Size
35
Median Age
20%
College-Educated
82%
High-School Grad
11.2 sq mi
ZIP Area
3,227
Density / Sq Mi
$56,833
Median Household Income
$34,040
Median Earnings
$1,168
Median Rent
$183,900
Median Home Value
Market
Vacancy Rate% for Industrial in San Antonio, TX
Questions? Ask Rey
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Similar Off Market Nearby
- Chep Pallet Warehouse — 3 Rittiman Plaza, San Antonio, TX 78218
- Public Storage — 4622 Center Park Blvd, San Antonio, TX 78218
Frequently Asked Questions
What type of property is this?
Warehouse - Two-building industrial property with a fenced yard, automatic gate, and warehouse and auto repair improvements.
Where is this warehouse located?
The property is located at 5731 Rittiman Plaza San Antonio, TX.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Two 6,000 SF buildings with 12,000 SF combined; Front building includes an air‑conditioned warehouse; Rear building configured as an auto repair facility
