Two-Story Retail and Medical
8522 Broadway San Antonio, TX 78217
8522 Broadway, San Antonio, TX, 78217
Contact for pricing
For Sale
Contact for pricing
Two-story shopping center anchored by First National Bank of Texas with paved parking and 25 covered spaces.
Property Size39,333 SF
Lot Size2.43 Acres
Price / SF$305.44
Days on Market119
Property Features for 8522 Broadway
General Information
- Standard status
- Active
- Size
- 39,333 SF
- Lot size
- 2.43 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing agency
Marcus & Millichap - Dallas
(972) 755-5225
Listed by
Philip Levy · License #TX 522087
Source
Crexi
Added: Mar 25 Updated: Jul 21 at 5:57AM Checked: Jul 21 at 5:57AM
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 - Dallas
Investment Insights
Based on property information with market context.
Broadway Street Retail Center is a 39,333-square-foot, two-story shopping center on a 2.43-acre parcel. Constructed in 2006 and renovated in 2018, the building offers a mix of retail, medical, and office suites. The center is 100 percent occupied and anchored by First National Bank of Texas, with additional tenants including Concentra Urgent Care, San Antonio Office Partners, Shelton Dental, Johnson Fitness & Wellness, Capo's Pizzeria, Broadway Nails & Lashes, and Dunhill Partners.
The property is positioned on a signalized hard corner with direct frontage on Broadway and immediate access to Loop 410 (Connally Loop) frontage road. It provides ample paved parking, including 25 dedicated covered spaces. Adjacent Chili's Grill & Bar and Wells Fargo pad sites are not part of the subject property and contribute toward common area maintenance expenses.
Cumulative traffic counts exceed 242,500 vehicles per day. The center also benefits from proximity to major regional demand drivers, including the San Antonio International Airport complex and the Northeast Baptist Hospital.
The property is positioned on a signalized hard corner with direct frontage on Broadway and immediate access to Loop 410 (Connally Loop) frontage road. It provides ample paved parking, including 25 dedicated covered spaces. Adjacent Chili's Grill & Bar and Wells Fargo pad sites are not part of the subject property and contribute toward common area maintenance expenses.
Cumulative traffic counts exceed 242,500 vehicles per day. The center also benefits from proximity to major regional demand drivers, including the San Antonio International Airport complex and the Northeast Baptist Hospital.
Key Highlights
- 39,333‑SF, two‑story Broadway Street Retail Center on a 2.43‑acre parcel in San Antonio
- Built in 2006 and renovated in 2018, with a mix of retail, medical, and office suites
- 100% occupied and anchored by First National Bank of Texas; tenants include Concentra Urgent Care and Shelton Dental
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $826.0k | $21.00 |
| − Vacancy | −$28.9k | −$0.74 |
| EGI | $797.1k | $20.27 |
| − OpEx | −$199.3k | −$5.07 |
| NOI | $597.8k | $15.20 |
39,333 SF · lease $21.00/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$8.54M
$7.47M – $9.96M
NOI $597,812 @ 7.0% cap · market cap 4.98%
Second Best
Office B
$7.66M
$6.70M – $8.93M
NOI $536,065 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$10.03M
$8.78M – $11.71M
NOI $702,322 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Capo's Pizzeria | Broadway
Restaurant
Creativo Designs SA
Building Designer
Johnson Fitness & Wellness ...
Gym & Fitness Center
Danielle Coulter
Physician
Dr. Leonard S. ...
Dental Office
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FAQs
What type of property is this?
Shopping center - Two-story shopping center anchored by First National Bank of Texas with paved parking and 25 covered spaces.
Where is this shopping center located?
The property is located at 8522 Broadway San Antonio, TX.
What is the asking price?
The asking price for this property is $12,014,000.
What are key features of this property?
This property features: 39,333‑SF, two‑story Broadway Street Retail Center on a 2.43‑acre parcel in San Antonio; Built in 2006 and renovated in 2018, with a mix of retail, medical, and office suites; 100% occupied and anchored by First National Bank of Texas; tenants include Concentra Urgent Care and Shelton Dental
