Standalone Industrial
For Sale
Contact for pricing
914 PAULSUN ST, San Antonio, TX 78219
Enterprise Zone property with transit access near IH-35 and IH-10.
Property Size15,000 SF
Price / SF$190
Days on Market11
Property Features for 914 PAULSUN ST
General Information
Standard status
Active
Size
15,000 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Building Size
15,000 SF
Listing Agency:
Cavender & Hill Properties, Inc.
(210) 349-0900
Listed By:
Lee Jordan · License #347632
(210) 507-2710
Source:
Moodyscre
Added: Aug 25
Changed: Aug 30
Last Checked: Sep 1 at 11:34PM
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 Cavender & Hill Properties, Inc.
Investment Insights
Based on property information with market context.
This standalone industrial building provides approximately 15,000 square feet of commercial space at 914 Paulsun St. The property is identified within an Enterprise Zone and has a bus stop directly in front of the building.
The site is near IH-35 and IH-10, approximately 4 miles from the Central Business District and approximately 10 miles from the San Antonio International Airport. Its location combines industrial building functionality with access to regional roadways, public transit, downtown, and the airport.
The site is near IH-35 and IH-10, approximately 4 miles from the Central Business District and approximately 10 miles from the San Antonio International Airport. Its location combines industrial building functionality with access to regional roadways, public transit, downtown, and the airport.
Key Highlights
- Approximately 15,000 SF of industrial space
- Standalone building at 914 Paulsun St
- Enterprise Zone designation
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
$85,806
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
3.01%
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%
$1,716,120
$1.7M
Cap Rate 7%
$1,225,800
$1.2M
Cap Rate 9%
$953,400
$953.4K
Market Conditions
NOI Build-Up for 15,000 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
$135.0K $9.00/SF
− Vacancy
−$12.4K −$0.83/SF
EGI
$122.6K $8.17/SF
− OpEx
−$36.8K −$2.45/SF
NOI
$85.8K $5.72/SF
Area
San Antonio, TX
Vacancy
9.20%
Lease Rate
$9.00 /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%
$1,716,120
Cap Rate 7%
$1,225,800
Cap Rate 9%
$953,400
Alternative Uses
Best Use
Industrial
$1.23M
$1.07M – $1.43M
NOI $85,806 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.83M
$3.35M – $4.46M
NOI $267,837 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 78219, TX
16,509
Population
6,303
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
15.7 sq mi
ZIP Area
1,052
Density / Sq Mi
$52,147
Median Household Income
$31,608
Median Earnings
$1,128
Median Rent
$155,200
Median Home Value
Market
Vacancy Rate% for Industrial in San Antonio, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Enterprise Zone property with transit access near IH-35 and IH-10.
Where is this industrial property located?
The property is located at 914 PAULSUN ST San Antonio, TX.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Approximately 15,000 SF of industrial space; Standalone building at 914 Paulsun St; Enterprise Zone designation
