Industrial Warehouse with Expansion
For Sale
$3,400,000
9660 Green Rd, Converse, TX 78109
2015-built industrial facility with grade-level loading, substantial power, and additional land for future development.
Property Size19,404 SF
Lot Size2.50 Acres
Price / SF$175.22
Days on Market47
Property Features for 9660 Green Rd
General Information
Standard status
Active
Size
19,404 SF
Lot size
2.50 Acres
Property subtype
Warehouse
Zoning
I-1
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
12
Three-Phase Power
Yes
Additional Details
Cap Rate
7.13%
Amenities
Two-Building 19,404-Square-Foot Industrial Asset Situated on 2.50 Acres
2015 Metal Construction Featuring 20' Clear Height, 12 Grade-Level Doors, 3-Phase Power, LED Lighting, I-1 Zoning, and Excess Land for Future Development
Five-Year NNN Sale-Leaseback Opportunity at $12.50/SF with 3.0% Escalations and One Option to Extend, Generating 7.13% Cap Rate
Occupied by Alpha Millworks Inc., Custom Millwork Fabricator for Office, Residential, and Hospitality
Well-Positioned in High-Growth Northeast Submarket with Large 52.7 Million SF Inventory, Up 24% Since 2016
Located 14 Miles East of Downtown San Antonio with Direct Access to I-10 and Loop 1604, and Proximity to Major Distribution Nodes
Building Details
Building Size
19,404 SF
Year Built
2015
Construction
metal
Listing Agency:
San Antonio Office
(210) 343-7800
Listed By:
Eugenio Valladares · License #TX: 830404
(210) 343-7814
Source:
Marcusmillichap
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 20 at 5:18PM
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 San Antonio Office
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Investment Insights
Based on property information with market context.
This 19,404-square-foot industrial warehouse occupies 2.50 acres and was built in 2015 with metal construction. The facility offers 20' clear height, 12 grade-level doors, 3-phase power, LED lighting, and I-1 zoning. Excess land supports the potential for an additional 10,000-square-foot development, subject to applicable approvals.
The property is 14 miles east of downtown San Antonio with direct access to Interstate 10 and Texas State Highway Loop 1604. It is occupied by Alpha Millworks Inc., a custom millwork fabricator serving office, residential, and hospitality projects.
The offering includes a five-year triple-net sale-leaseback with 3.0 percent rent escalations and one option to extend for 2 more years. The stated cap rate is 7.13 percent.
The property is 14 miles east of downtown San Antonio with direct access to Interstate 10 and Texas State Highway Loop 1604. It is occupied by Alpha Millworks Inc., a custom millwork fabricator serving office, residential, and hospitality projects.
The offering includes a five-year triple-net sale-leaseback with 3.0 percent rent escalations and one option to extend for 2 more years. The stated cap rate is 7.13 percent.
Key Highlights
- 19,404 square feet of industrial space on 2.50 acres
- 20' clear height with 12 grade‑level doors
- 3‑phase power and LED lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,710
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,694,200
$2.7M
Cap Rate 7%
$1,924,429
$1.9M
Cap Rate 9%
$1,496,778
$1.5M
Market Conditions
NOI Build-Up for 19,404 SF
Gross rent
$174.6K $9.00/SF
− Vacancy
−$16.2K −$0.83/SF
EGI
$158.5K $8.17/SF
− OpEx
−$23.8K −$1.23/SF
NOI
$134.7K $6.94/SF
Area
Bexar County, TX
Vacancy
9.25%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,694,200
Cap Rate 7%
$1,924,429
Cap Rate 9%
$1,496,778
Alternative Uses
Best Use
Warehouse
$1.92M
$1.68M – $2.25M
NOI $134,710 @ 7.0% cap · market cap 3.96%
Second Best
Industrial
$1.58M
$1.39M – $1.85M
NOI $110,938 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$5.25M
$4.60M – $6.13M
NOI $367,626 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
20 ft
Clear height
12
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78109, TX
52,093
Population
19,279
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
92%
High-School Grad
27.8 sq mi
ZIP Area
1,874
Density / Sq Mi
$87,635
Median Household Income
$44,182
Median Earnings
$1,645
Median Rent
$241,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- A3 Storage Center — 2310 TX-1604 Loop, San Antonio, TX 78248
Frequently Asked Questions
What type of property is this?
Warehouse - 2015-built industrial facility with grade-level loading, substantial power, and additional land for future development.
Where is this warehouse located?
The property is located at 9660 Green Rd Converse, TX.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 19,404 square feet of industrial space on 2.50 acres; 20' clear height with 12 grade‑level doors; 3‑phase power and LED lighting
