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    5421 Grissom Rd San Antonio, TX 78238

    Sponsored
    For Sale
    Contact for pricing

    High-traffic location, strong NOI, 2 tenants.

    Property size:
    6,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multi-tenant investment property in San Antonio, Texas, presents a compelling opportunity. Located at 5421 Grissom Rd, this property boasts 6,900 square feet of improvements across two attached, yet independent buildings on a 0.48-acre lot. The property benefits from a high-traffic location at a busy intersection with bus line access, ensuring excellent visibility. The buildings are fully occupied (100% occupancy since May 31, 2020) by two tenants under long-term gross leases with annual rent escalations. Building #1, a 2,400 square foot retail space, features an open floor plan and his/hers showers, bathrooms, and dressing rooms. Building #2, a 4,500 square foot metal building, includes his/hers showers, bathrooms, dressing rooms, offices, and a viewing room. The property has a current NOI of $75,000. One tenant, a martial arts studio, occupies 2,400 square feet and has approximately 5 years remaining on their lease. The other tenant, a children's swim school, occupies 4,500 square feet and has approximately 8 years remaining on their lease. The property is zoned C2 and features 33 parking spaces. The property is fee simple ownership and has undergone renovations in 2019. The lease commenced February 29, 2020, with rent commencing May 30, 2020, and expiring April 30, 2025. This stabilized investment offers a strong return with a remaining lease term of approximately 0.4 years.

    Property Features for 5421 Grissom Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    6,900 SF
    Class
    C
    Lot Size
    20,909 SF

    Building Details

    Year Renovated
    2019
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • $75,000 Net Operating Income (NOI).
    • Martial Arts studio (2,400 SF) with 5 years remaining on lease.
    • Swim school (4,500 SF) with 8 years remaining on lease.
    • C‑2 Zoning.
    • 6,900 SF of improvements on a 0.48‑acre lot (20,995 SF corrected to 0.48 acres).
    • Two independent, attached buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kingdom Martial Arts ... Martial Arts Supply Store Order Muay Thai ... Sporting Goods Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -98.6294253
    Latitude
    29.4842469

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    FAQs

    What type of property is this?
    Distribution property - High-traffic location, strong NOI, 2 tenants.
    Where is this distribution property located?
    The property is located at 5421 Grissom Rd San Antonio, TX.
    What are key features of this property?
    This property features: $75,000 Net Operating Income (NOI).; Martial Arts studio (2,400 SF) with 5 years remaining on lease.; Swim school (4,500 SF) with 8 years remaining on lease.
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    Realmo Value Estimation

    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.

    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.

    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
    5421 Grissom Rd San Antonio, TX 78238
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