Corner Retail Shopping
For Sale
$1,200,000
703 Bandera Road, San Antonio, TX 78228
Six-unit corner retail asset with C-2 zoning at a signalized intersection on Bandera Rd in San Antonio.
Property Size7,130 SF
Price / SF$168.30
Days on Market373
Property Features for 703 Bandera Road
General Information
Standard status
Active
Size
7,130 SF
Property subtype
General Commercial
Zoning
C-2
Site & Location
Traffic Count
39,000 vehicles/day
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$12,298
Amenities
3
5 Parking Spaces. Paved Driveway.
City Road.
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
(956) 363-1179
Listed By:
Ursa Real Estate
(956) 363-1179
Source:
Xome
Added: Aug 17, 2025
Changed: Aug 23
Last Checked: Aug 24 at 3:53AM
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 Ursa Real Estate
Investment Insights
Based on property information with market context.
This six-unit income-producing retail property is situated on a prime corner of Bandera Rd in San Antonio. The asset is positioned for strong visibility at the intersection, with no medians on Bandera Rd, which supports access from all directions.
The property is described as having over 39,000 vehicles passing daily at the intersection. The site is near major retailers including Walmart, HEB, Raising Cane’s, Pizza Hut, Dunkin’, and Chase Bank. The property is identified as C-2 zoned, supporting a range of retail or office uses.
As a multi-tenant retail configuration, this center is designed to serve customer traffic drawn to nearby established businesses along two major thoroughfares.
The property is described as having over 39,000 vehicles passing daily at the intersection. The site is near major retailers including Walmart, HEB, Raising Cane’s, Pizza Hut, Dunkin’, and Chase Bank. The property is identified as C-2 zoned, supporting a range of retail or office uses.
As a multi-tenant retail configuration, this center is designed to serve customer traffic drawn to nearby established businesses along two major thoroughfares.
Key Highlights
- Six‑unit corner retail income‑producing asset on Bandera Rd in San Antonio
- C‑2 zoned property at a signalized intersection with corner exposure
- Over 39,000 vehicles pass daily at the intersection (per remarks)
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
$95,444
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
7.95%
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%
$1,908,880
$1.9M
Cap Rate 7%
$1,363,486
$1.4M
Cap Rate 9%
$1,060,489
$1.1M
Market Conditions
NOI Build-Up for 7,130 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
$142.0K $19.92/SF
− Vacancy
−$5.7K −$0.80/SF
EGI
$136.3K $19.12/SF
− OpEx
−$40.9K −$5.74/SF
NOI
$95.4K $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%
$1,908,880
Cap Rate 7%
$1,363,486
Cap Rate 9%
$1,060,489
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,444 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,312 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
39,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
725
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 - Six-unit corner retail asset with C-2 zoning at a signalized intersection on Bandera Rd in San Antonio.
Where is this shopping center located?
The property is located at 703 Bandera Road San Antonio, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six‑unit corner retail income‑producing asset on Bandera Rd in San Antonio; C‑2 zoned property at a signalized intersection with corner exposure; Over 39,000 vehicles pass daily at the intersection (per remarks)
