Mixed-Use Property with Water
New
For Sale
$795,000
926 S Laredo, San Antonio, TX 78204
Four buildings across three parcels include private access, parking, and rear grounds with water views.
Property Size4,672 SF
Price / SF$170.16
Days on Market2
Property Features for 926 S Laredo
General Information
Standard status
Active
Size
4,672 SF
Property subtype
Multi-Family
Amenities
private drive
water-view rear grounds
Building Details
Year Built
1942
Buildings
4
Listing Agency:
IH 10 Realty
Listed By:
Claire Kim
(210) 287-6535
Source:
Kingdomtxrealty
Added: Sep 1
Last Checked: Sep 1 at 8:26PM
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 IH 10 Realty
Investment Insights
Based on property information with market context.
This mixed-use property comprises 4,672 square feet across 3 parcels and 4 buildings constructed in 1942. The site includes a private drive, parking, and rear grounds with views toward the water. Its existing configuration supports consideration of live-work occupancy, studio or retail use, event operations, restaurant or café concepts, office space, or redevelopment, subject to buyer verification.
The property is located at 926 S Laredo in San Antonio, near San Pedro Creek and Culture Park. Multiple structures and the private access arrangement provide a varied physical setting for evaluating commercial or mixed-use plans.
The property is located at 926 S Laredo in San Antonio, near San Pedro Creek and Culture Park. Multiple structures and the private access arrangement provide a varied physical setting for evaluating commercial or mixed-use plans.
Key Highlights
- 4,672‑square‑foot mixed‑use property built in 1942
- 3 parcels with 4 buildings
- Private drive and on‑site parking
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
$63,674
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
8.01%
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%
$1,273,480
$1.3M
Cap Rate 7%
$909,629
$909.6K
Cap Rate 9%
$707,489
$707.5K
Market Conditions
NOI Build-Up for 4,672 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
$103.2K $22.08/SF
− Vacancy
−$18.3K −$3.91/SF
EGI
$84.9K $18.17/SF
− OpEx
−$21.2K −$4.54/SF
NOI
$63.7K $13.63/SF
Area
San Antonio, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
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%
$1,273,480
Cap Rate 7%
$909,629
Cap Rate 9%
$707,489
Alternative Uses
Best Use
Office B
$909.6K
$795.9K – $1.06M
NOI $63,674 @ 7.0% cap · market cap 8.01%
Second Best
Mixed Use
$856.0K
$749.0K – $998.6K
NOI $59,918 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,422 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 78204, TX
11,298
Population
6,210
Households
1.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
4,184
Density / Sq Mi
$54,667
Median Household Income
$35,107
Median Earnings
$1,516
Median Rent
$142,200
Median Home Value
Market
Vacancy Rate% for Office in San Antonio, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four buildings across three parcels include private access, parking, and rear grounds with water views.
Where is this mixed-use property located?
The property is located at 926 S Laredo San Antonio, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 4,672‑square‑foot mixed‑use property built in 1942; 3 parcels with 4 buildings; Private drive and on‑site parking
