Flex Industrial Building
For Sale
Contact for pricing
603 W Rhapsody Dr San, San Antonio, TX 78216
Functional flex/industrial space is divisible into four suites, each with a grade-level drive-in door and private offices.
Property Size16,305 SF
Price / SF$0.00
Days on Market232
Property Features for 603 W Rhapsody Dr San
General Information
Standard status
Active
Size
16,305 SF
Property subtype
Industrial
Lease Term
NNN
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
4
Additional Details
Highway Access
Yes
Building Details
Building Size
16,305 SF
Year Built
1969
Properties For Sale
at 603 W Rhapsody Dr San Contact us603 West Rhapsody
Size
4,000 SF
Term
Negotiable
605 West Rhapsody
Size
4,000 SF
Term
Negotiable
607 West Rhapsody
Size
4,000 SF
Term
Negotiable
609 West Rhapsody
Size
4,000 SF
Term
Negotiable
Listing Agency:
Caisson Real Estate
Listed By:
Adam Lippstone · License #TX #751039
(210) 552-4071
Source:
Caissonre
Added: Feb 25
Changed: Oct 15
Last Checked: Oct 14 at 8:55PM
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 Caisson Real Estate
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Investment Insights
Based on property information with market context.
603–609 W Rhapsody Dr offers 16,000 SF of flex/industrial space configured as four divisible 4,000 SF suites. Each suite includes a grade-level drive-in door, 12’ clear height, and private offices and restrooms. Some suites also include showroom or expanded office buildouts.
The property is located near San Antonio International Airport and provides access to Highway 281, Wurzbach Parkway, and Loop 410.
Suites are designed to support both warehouse and office needs, with flexibility for service, light industrial, or distribution uses as described in the remarks.
The property is located near San Antonio International Airport and provides access to Highway 281, Wurzbach Parkway, and Loop 410.
Suites are designed to support both warehouse and office needs, with flexibility for service, light industrial, or distribution uses as described in the remarks.
Key Highlights
- 16,000 SF flex/industrial building built in 1969, divisible into four 4,000 SF suites
- Each suite includes a grade‑level drive‑in door and 12’ clear height
- Private offices and restrooms included in every suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,355
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,100
$1.8M
Cap Rate 7%
$1,290,786
$1.3M
Cap Rate 9%
$1,003,944
$1.0M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$153.6K $9.60/SF
− Vacancy
−$14.6K −$0.91/SF
EGI
$139.0K $8.69/SF
− OpEx
−$48.7K −$3.04/SF
NOI
$90.4K $5.65/SF
Area
San Antonio, TX
Vacancy
9.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,100
Cap Rate 7%
$1,290,786
Cap Rate 9%
$1,003,944
Alternative Uses
Best Use
Warehouse
$1.59M
$1.39M – $1.85M
NOI $111,139 @ 7.0% cap · market cap 1,111,390.00%
Second Best
Industrial
$1.31M
$1.14M – $1.53M
NOI $91,526 @ 7.0% cap · market cap 915,260.00%
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,693 @ 7.0% cap · market cap 2,856,930.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
12 ft
Clear height
4
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,365
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78216, TX
40,172
Population
22,138
Households
1.8
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
14.1 sq mi
ZIP Area
2,849
Density / Sq Mi
$55,488
Median Household Income
$38,591
Median Earnings
$1,211
Median Rent
$281,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in San Antonio, TX
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Frequently Asked Questions
What type of property is this?
Flex space - Functional flex/industrial space is divisible into four suites, each with a grade-level drive-in door and private offices.
Where is this flex space located?
The property is located at 603 W Rhapsody Dr San San Antonio, TX.
What are key features of this property?
This property features: 16,000 SF flex/industrial building built in 1969, divisible into four 4,000 SF suites; Each suite includes a grade‑level drive‑in door and 12’ clear height; Private offices and restrooms included in every suite
