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    2201 Flores St San Antonio, TX 78204

    • Retail space
    • 900 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    4.3%
    Retail space
    Location Intelligence
    Property ID
    US82-4239294
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 2201 Flores St

    Year built
    1905
    Lot size
    0.12 lot acres
    Property size
    900 SF
    Property type
    Retail space
    APN
    02874-000-0011
    APU
    28740000011

    Description

    This exceptional redevelopment opportunity encompasses a portfolio of five buildings situated on a 0.615-acre lot in San Antonio, Texas. The property, located at 2201, 2211, and 2215 S Flores St, and 103 Forrest Ave, and 110 Furnish Ave, boasts a total of five units and six pads, presenting a unique blend of commercial, convenience store, and storefront spaces. The buildings, constructed in 1900, are zoned I-1 and R-5, allowing for diverse uses. This multi-tenant property offers significant potential for investors seeking a mixed-use redevelopment project in a vibrant, up-and-coming area. The asking price is $1,874,995. The property's location within Bexar County, zip code 78204, places it in close proximity to the South Flores Arts District, known for its thriving creative community, locally-owned businesses, and historical charm. This prime location offers easy access to the San Antonio River, parks, and other attractions. The property's APN is 02874-000-0011. This is a multi-tenant property with significant upside potential for the right investor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $200,000
      6.5%
      $185,000
      7%
      $170,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $168,000
      Market price range: $102k - $223k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5037
    Latitude
    29.4029
    CBSA code
    41700
    CBSA name
    SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,120
    $85,780
    $39,360
    $125,140
    -
    $85,780
    $39,360
    $125,140

    Comparable in this City

    • Value Estimation
      $410,000
      2,400 SF

      1304 Laredo St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      1304 Laredo St, San Antonio, TX 78204-3217
      View Details
    • Value Estimation
      $315,000
      3,360 SF

      3419 Flores St

      RETAIL STORES (PERSONAL SERVICES) • 3,360 SF
      3419 Flores St, San Antonio, TX 78204
      View Details
    • Value Estimation
      $295,000
      1,600 SF

      3216 Flores St

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      3216 Flores St, San Antonio, TX 78204-2803
      View Details
    • Value Estimation
      $300,000
      954 SF

      3620 Flores St

      RETAIL STORES (PERSONAL SERVICES) • 954 SF
      3620 Flores St, San Antonio, TX 78204-3016
      View Details
    • Value Estimation
      $320,000
      705 SF

      923 Probandt

      RETAIL STORES (PERSONAL SERVICES) • 705 SF
      923 Probandt, San Antonio, TX 78204-2317
      View Details
    • Value Estimation
      $415,000
      3,117 SF

      226 Dwyer Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,117 SF
      226 Dwyer Ave, San Antonio, TX 78204-1005
      View Details

    Similar Nearby for Sale

    • $1,195,000

      Retail Property in San Antonio

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    • $1,500,000
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      Prime San Antonio Restaurant

      Established Restaurant, High Traffic Area
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    • $1,250,000
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      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
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    • $679,500

      New Condos on South Flores

      Eight new construction condos with flexible live/work spaces.
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    • $445,000

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
      1401 S Flores 202, San Antonio, TX 78204
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    Similar Nearby for Lease

    • $36 SF/Yr
      22,113 SF

      Southtown Retail Space Available

      Prime San Antonio Retail, 3,834 SF
      1425 Flores St, San Antonio, TX 78204
      View Details
    • Contact for pricing
      3,450 SF

      Downtown San Antonio Retail Space

      Retail space in vibrant downtown San Antonio, near Riverwalk.
      227 Dwyer Ave, San Antonio, TX 78204
      View Details
    • $24 SF/Yr
      12,000 SF

      Retail Space Available For Lease

      Retail space available for lease in San Antonio, TX.
      1010 S Flores St, San Antonio, TX 78204
      View Details
    • $35 SF/Yr
      10,920 SF

      Southtown Retail Opportunity

      Prime San Antonio Retail Space
      227 Cevallos St, San Antonio, TX 78204
      View Details
    • Contact for pricing
      26,040 SF

      Retail Building with Office Space

      26,040 SF retail building with office and dock.
      824 S Laredo St, San Antonio, TX 78204
      View Details
    • $12 SF/Yr
      22,264 SF

      Lone Star District Creative Office

      San Antonio Office Space: 800-19,270 SF
      2600 Flores St, San Antonio, TX 78204
      View Details
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    San Antonio, TX 78204
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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
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