Callaghan Road Retail Center For
For Sale
Contact for pricing
Pending
6007 Callaghan Rd, San Antonio, TX 78228
11,369 SF retail building in San Antonio, Texas.
Property Size11,369 SF
Days on Market182
Property Features for 6007 Callaghan Rd
General Information
Standard status
Pending
Size
11,369 SF
Class
C
Property subtype
Retail
Zoning
B-1/F, San Antonio
Occupancy
78%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1960
Year Renovated
2023
Buildings
1
Stories
1
Units
10
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Gus Lagos · License #TX 419197
Source:
Crexi
Added: Mar 3
Changed: Aug 8
Last Checked: Aug 8 at 6:40AM
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 Marcus & Millichap - Houston
Investment Insights
Based on property information with market context.
The Callaghan Road Shopping Center, located at 6007 Callaghan Road in San Antonio, Texas, is available for sale. This retail building offers 11,369 square feet of space and fronts Callaghan Road, situated 0.25 miles from Interstate 410. The property is 78 percent occupied, with all tenant leases structured as triple-net, designed to protect the investor from potential expense increases. The property is located in San Antonio’s high-growth northwest market, minutes from the 900-acre South Texas Medical Center, USAA’s corporate headquarters, and a significant portion of San Antonio’s corporate presence.
Key Highlights
- Strategic location in San Antonio's high‑growth northwest market, near major employers (South Texas Medical Center, USAA).
- Triple‑net (NNN) leases protect investor from expense increases.
- Located on Callaghan Road, 0.25 miles from Interstate 410.
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
$152,188
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
8.01%
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%
$3,043,760
$3.0M
Cap Rate 7%
$2,174,114
$2.2M
Cap Rate 9%
$1,690,978
$1.7M
Market Conditions
NOI Build-Up for 11,369 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
$226.5K $19.92/SF
− Vacancy
−$9.1K −$0.80/SF
EGI
$217.4K $19.12/SF
− OpEx
−$65.2K −$5.74/SF
NOI
$152.2K $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%
$3,043,760
Cap Rate 7%
$2,174,114
Cap Rate 9%
$1,690,978
Alternative Uses
Best Use
Retail
$2.17M
$1.90M – $2.54M
NOI $152,188 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $203,003 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,478
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78228, TX
56,369
Population
21,397
Households
2.6
Avg Household Size
37
Median Age
14%
College-Educated
74%
High-School Grad
10.9 sq mi
ZIP Area
5,171
Density / Sq Mi
$50,865
Median Household Income
$30,811
Median Earnings
$1,004
Median Rent
$164,700
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.
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Frequently Asked Questions
What type of property is this?
Shopping center - 11,369 SF retail building in San Antonio, Texas.
Where is this shopping center located?
The property is located at 6007 Callaghan Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Strategic location in San Antonio's high‑growth northwest market, near major employers (South Texas Medical Center, USAA).; Triple‑net (NNN) leases protect investor from expense increases.; Located on Callaghan Road, 0.25 miles from Interstate 410.
