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    3700 Broadway St San Antonio, TX 78209

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    7,222 SF Retail Space - Prime Location

    Property size:
    7,222 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional 7,222 square foot retail storefront, built in 1970, is situated in a highly desirable San Antonio location. The property boasts a prime position near the Pearl Brewery, River North Project, and San Antonio's central business district, surrounded by upscale neighborhoods like Alamo Heights, Terrell Hills, and Olmos Park. This single-story building, classified as Class C, offers approximately 195 feet of road frontage on Broadway, enhancing visibility and accessibility. A prominent pylon sign is included. The property is zoned C-2 & MF-33 (3700 Broadway) and C-2 NA (114 Queen Anne Ct), allowing for diverse commercial uses. While previously subject to flood plain restrictions, the City of San Antonio has preliminarily approved continued retail use, contingent upon flood remediation estimated at $100,000. This cost is factored into any development plans. Alcohol sales are now permitted, further enhancing the property's appeal. This presents a unique opportunity to capitalize on one of San Antonio's most dynamic and high-rental-rate markets. The property's strategic location and potential make it an attractive investment for discerning buyers. The address is 3700 Broadway, San Antonio, TX 78209, and 114 Queen Anne Ct, San Antonio, TX 78209.

    Property Features for 3700 Broadway St

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,222 SF
    Class
    C

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Charles L Jeffers

    Learn more

    Property Insight Report

    HighLights

    • Highly desirable, rapidly expanding San Antonio retail property near the Pearl Brewery.
    • Booming San Antonio market with high demand.
    • Prime location offering the highest rental rates in San Antonio for both residential and commercial properties.
    • Excellent location near the Pearl District, River North, San Antonio CBD, and affluent neighborhoods like Alamo Heights, Terrell Hills, and Olmos Park.
    • Includes a prominent pylon sign.
    • Alcohol sales are now permitted on the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    3700 Broadway St ... Parking Lot

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4664992
    Latitude
    29.4605941

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    FAQs

    What type of property is this?
    Individual retail property - 7,222 SF Retail Space - Prime Location
    Where is this individual retail property located?
    The property is located at 3700 Broadway St San Antonio, TX.
    What are key features of this property?
    This property features: Highly desirable, rapidly expanding San Antonio retail property near the Pearl Brewery.; Booming San Antonio market with high demand.; Prime location offering the highest rental rates in San Antonio for both residential and commercial properties.
    Request Owner's contact information
    3700 Broadway St San Antonio, TX 78209
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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
    3700 Broadway St San Antonio, TX 78209
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    We can help!
    Listing Contact
    Charles L Jeffers
    Real Estate License ID: TX
    Learn more
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