Two-Building Retail
For Sale
Contact for pricing
6362-6390 De Zavala Road, San Antonio, TX 78249
The center is fully occupied by restaurant, retail, and service businesses.
Property Size14,710 SF
Price / SF$458.87
Days on Market9
Property Features for 6362-6390 De Zavala Road
General Information
Standard status
Active
Size
14,710 SF
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2018
Buildings
2
Tenancy
Multi
Listing Agency:
SHOP Companies - SAN ANTONIO
Listed By:
Kevin Catalani · License #TX 590070
Source:
Crexi
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 26 at 5:31AM
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 SHOP Companies - SAN ANTONIO
Investment Insights
Based on property information with market context.
This San Antonio retail center comprises two buildings and 14,710 square feet of space. Constructed in 2018, it is fully occupied by a mix of restaurant, retail, and service businesses.
The property is located on De Zavala Road in northwest San Antonio. Surrounding household incomes are reported at $104,757.
The property is located on De Zavala Road in northwest San Antonio. Surrounding household incomes are reported at $104,757.
Key Highlights
- 14,710 square feet across two retail buildings
- Built in 2018
- 100% occupancy with restaurant, retail, and service tenants
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
$196,912
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
2.92%
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%
$3,938,240
$3.9M
Cap Rate 7%
$2,813,029
$2.8M
Cap Rate 9%
$2,187,911
$2.2M
Market Conditions
NOI Build-Up for 14,710 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
$293.0K $19.92/SF
− Vacancy
−$11.7K −$0.80/SF
EGI
$281.3K $19.12/SF
− OpEx
−$84.4K −$5.74/SF
NOI
$196.9K $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%
$3,938,240
Cap Rate 7%
$2,813,029
Cap Rate 9%
$2,187,911
Alternative Uses
Best Use
Retail
$2.81M
$2.46M – $3.28M
NOI $196,912 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.75M
$3.28M – $4.38M
NOI $262,659 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in San Antonio, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Point shopping center — 6565 Babcock Rd, San Antonio, TX 78249
Frequently Asked Questions
What type of property is this?
Shopping center - The center is fully occupied by restaurant, retail, and service businesses.
Where is this shopping center located?
The property is located at 6362-6390 De Zavala Road San Antonio, TX.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 14,710 square feet across two retail buildings; Built in 2018; 100% occupancy with restaurant, retail, and service tenants
