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    322 Commerce St San Antonio, TX 78205

    Sponsored
    For Lease
    Contact for pricing

    San Antonio retail space, 2,528-6,821 sq ft.

    Lot size:
    17,651 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    The Continental Building in Bexar County, San Antonio, offers an exceptional opportunity for retail tenants. This mixed-use development, slated for mid-2025 shell delivery, seamlessly blends historic charm with modern luxury. The project features a 16-story, 300-unit residential tower and meticulously renovated historical buildings, creating a vibrant and desirable urban environment. Currently, there are four available retail spaces, ranging from a minimum of 2,528 square feet to a maximum contiguous space of 6,821 square feet. A total of 17,651 square feet of retail space is available within the building, with 15,597 square feet currently vacant. This presents a unique chance to establish a presence in a thriving community poised for significant growth. The building's prime location within a revitalized area ensures high visibility and accessibility for businesses. The Continental Building is more than just retail space; it's an investment in a dynamic and evolving San Antonio landmark. This is an unparalleled opportunity to become part of a landmark redevelopment project that will redefine mixed-use living in the heart of San Antonio. The project's blend of history and modern design creates a unique and attractive environment for businesses and residents alike.

    Property Features for 322 Commerce St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,651 SF

    Building Details

    Stories
    16

    Unit(s) available at that property

    Space
    1st floor Available Space
    Size
    6,821 SF
    Space
    1st floor Available space 2
    Size
    3,193 SF
    Space
    The Arana 1st Floor Available Space 1
    Size
    2,528 SF
    Space
    The Arana 1st Floor Available Space 2
    Size
    3,055 SF

    We can help!

    Listing Contact
    Zach Fregosi
    Zach Fregosi

    Learn more

    Property Insight Report

    HighLights

    • Retail property in Bexar County.
    • 17,651 total square feet.
    • Multiple tenancies available, ranging from 2,528 to 6,821 contiguous square feet.
    • 15,597 square feet currently vacant.
    • Located in a mixed‑use development with a 300‑unit residential tower.
    • Shell delivery anticipated mid‑2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4968279
    Latitude
    29.424983

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    FAQs

    What type of property is this?
    Retail property - San Antonio retail space, 2,528-6,821 sq ft.
    Where is this retail property located?
    The property is located at 322 Commerce St San Antonio, TX.
    What are key features of this property?
    This property features: Retail property in Bexar County.; 17,651 total square feet.; Multiple tenancies available, ranging from 2,528 to 6,821 contiguous square feet.
    Request Owner's contact information
    322 Commerce St San Antonio, TX 78205
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    322 Commerce St San Antonio, TX 78205
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    We can help!
    Listing Contact
    Zach Fregosi
    Zach Fregosi
    Real Estate License ID: OK 650585
    Learn more
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