Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5421 Grissom Rd San Antonio, TX 78238

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    6,900 SF mixed-use building suitable for office, retail, or specialty use.

    Property Features for 5421 Grissom Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Adrian Gracia
    Source: Crexi

    Listing Agency: EIM Real Estate Advisors LLC Listing Agent: Adrian Gracia

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mixed-Use Building on Grissom Road

    Located on Grissom Road, this mixed-use building offers 6,900 square feet of space suitable for a variety of uses, including office, retail, or specialty purposes. The property benefits from high traffic and excellent visibility. It is comprised of two attached but independent buildings. The first building offers 2,400 square feet, suitable for retail or office use. The second building provides 4,500 square feet and currently contains an indoor heated pool. The owner is willing to eliminate the pool and convert the 4,500-square-foot space into a warehouse, flex, or retail area. The property has a gross leasable area of 6,900 square feet, with a minimum divisible area of 1,200 square feet. There are 21 parking spaces available. The property is situated on a 20,039-square-foot lot. Seller financing is available with purchase, subject to conditions. The rental rate is $15 per square foot.
    Location Intelligence

    Current Use by Public Records

    Kingdom Martial Arts ... (Bike/Boat/Book/etc) Store Order Muay Thai ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.6293556
    Latitude
    29.484167

    Nearby Similar for Lease

    • Contact for pricing

      TX, San Antonio - Wittigs Office

      Workspaces, services and support to help you work better in MD, Beltsville - Powder Mill Rd
      2018 Avenue B, San Antonio, TX 78215
      View Details
    • Contact for pricing

      TX, San Antonio - Trailcrest

      Workspaces, services and support to help you work better in TX, San Antonio - Soledad St
      1350 Loop 1604, San Antonio, TX 78232
      View Details
    • Sponsored
      Contact for pricing

      TX, San Antonio - Soledad St

      Workspaces, services and support to help you work better in TX, San Antonio - Soledad St
      454 Soledad St, San Antonio, TX 78203
      View Details
    • Contact for pricing

      TX, San Antonio - San Pedro Ave

      Discover many ways to work your way in TX, San Antonio - San Pedro Ave
      13750 San Pedro Ave, San Antonio, TX 78232
      View Details
    • $2,000 /Mo

      San Antonio Commercial Kitchen For Rent

      Equipped commercial kitchen with dining area near I-10 and Loop 410.
      1855 Rigsby Ave, San Antonio, TX 78210
      View Details
    • Contact for pricing

      TX, San Antonio - NE Loop 410

      Discover many ways to work your way in TX, San Antonio - NE Loop 410
      40 Loop 410, San Antonio, TX 78216
      View Details
    • Contact for pricing

      North Stone Oak

      Discover many ways to work your way in North Stone Oak
      18756 Stone Oak Pkwy, San Antonio, TX 78258
      View Details
    • Contact for pricing

      Two Twin Oaks

      Discover many ways to work your way in Two Twin Oaks
      227 Loop 1604, San Antonio, TX 78232
      View Details
    • Contact for pricing

      Sonterra

      Discover many ways to work your way in Sonterra
      401 Sonterra Blvd, San Antonio, TX 78258
      View Details
    • Contact for pricing

      Eilan

      Discover many ways to work your way in Eilan
      17806 Ih 10, San Antonio, TX 78257
      View Details
    • Contact for pricing

      TX, San Antonio - Tesoro Dr

      Discover many ways to work your way in KMG Building
      8918 Tesoro Dr, San Antonio, TX 78217
      View Details
    • Contact for pricing

      San Antonio Airport

      Discover many ways to work your way in San Antonio Airport
      1777 Loop 410, San Antonio, TX 78217
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 6,900 SF mixed-use building suitable for office, retail, or specialty use.
    Where is this mixed-use property located?
    The property is located at 5421 Grissom Rd San Antonio, TX.
    What are key features of this property?
    This property features: - 6,900 SF Mixed-Use Building in High-Traffic Area on Grissom Road with Excellent Visibility.; - Versatile Space Suitable for Office, Retail, or Specialty Use (Medical, Gym, etc.).; - Two Attached but Independent Buildings (2,400 SF and 4,500 SF).
    (210) 400-2588
    Request Owner's contact information
    5421 Grissom Rd San Antonio, TX 78238
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5421 Grissom Rd
    San Antonio, TX 78238
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5421 Grissom Rd San Antonio, TX 78238
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Adrian Gracia
    Real Estate License ID: 0648890
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!