Building Details

Year Built 1980

Year Renovated 2018

Units 13

Tenancy Multi

Listing Agency: Foresite Commercial Real Estate

Listed By: Xavier Alvarado · License #TX 766038 Show Phone

Source: Crexi

Added: May 7 Changed: Oct 18 Last Checked: Oct 20 at 6:50PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Shops at Live Oak is a 22,958-square-foot retail center designed to capture visibility from Pat Booker Road. The property provides two points of ingress at lighted intersections, supporting straightforward customer access.

Located with access from a Loop 1604 frontage road, the center faces Loop 1604 and is positioned to provide exposure to traffic along Pat Booker Road. It is also about half a mile from I-35, offering additional connectivity for customers traveling through the Live Oak area.

Key Highlights

• 22,958 SF retail center in Live Oak
• Two points of ingress via lighted intersections, plus access from Loop 1604 Frontage Road
• Designed for visibility to Pat Booker Road

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$305,816

Cap Rate

6.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,116,320 $6.1M

Cap Rate 7%

$4,368,800 $4.4M

Cap Rate 9%

$3,397,956 $3.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 22,984 SF

Gross rent

$455.1K $19.80/SF

− Vacancy

−$18.2K −$0.79/SF

EGI

$436.9K $19.01/SF

− OpEx

−$131.1K −$5.70/SF

NOI

$305.8K $13.31/SF

Area

Bexar County, TX

Vacancy

4.00%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,116,320

Cap Rate 7%

$4,368,800

Cap Rate 9%

$3,397,956

Alternative Uses

Best Use

Retail

$4.37M

$3.82M – $5.10M (±1% cap)

NOI $305,816 @ 7.0% cap · market cap 6.12%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$6.22M

$5.44M – $7.26M (±1% cap)

NOI $435,452 @ 7.0% cap · market cap 8.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm HVAC Service Garden Center Daycare Center (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

710

Businesses Nearby

44k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 69% Shops & Services 31%

IHOP Dining

15,989 visits/mo 0.5 miles

la Madeleine Country French Cafe Dining

9,778 visits/mo 0.5 miles

Spectrum Shops & Services

7,730 visits/mo 0.5 miles

Discount Tire Store Shops & Services

5,830 visits/mo 0.5 miles

Potbelly Sandwich Shop Dining

4,957 visits/mo 0.5 miles

Demographics for 78233, TX

49,442

Population

19,396

Households

2.5

Avg Household Size

36

Median Age

27%

College-Educated

91%

High-School Grad

13.7 sq mi

ZIP Area

3,609

Density / Sq Mi

$73,729

Median Household Income

$41,817

Median Earnings

$1,456

Median Rent

$203,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar Off Market Nearby

• Plaza I35 — 12702 Toepperwein Rd, Live Oak, TX 78233
• Village Oaks Shopping Center — 8320 Pat Booker Rd, Live Oak, TX 78233
• Forum Crossing — 3150 Pat Booker Rd, Universal City, TX 78148
• Live Oak Crossing — pat booker rd, live oak, tx 78233
• Live Oak Retail Center — 7939 Pat Booker Rd, Live Oak, TX 78233

Frequently Asked Questions

What type of property is this?

Shopping center - 22,958 sf retail center with two lighted intersection access points and visibility to Pat Booker Road.

Where is this shopping center located?

The property is located at 8306 Pat Booker Live Oak, TX.

What is the asking price?

The asking price for this property is $5,000,000.

What are key features of this property?

This property features: 22,958 SF retail center in Live Oak; Two points of ingress via lighted intersections, plus access from Loop 1604 Frontage Road; Designed for visibility to Pat Booker Road