435 Nakoma Dr San Antonio, TX 78216
- Warehouses
- 8,952 SF
Current Use by Public Records
- Warehouses
Property Details for 435 Nakoma Dr
- Property size
- 8,952 SF
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
This exceptional San Antonio investment property, located at 435 W Nakoma Dr, offers a compelling opportunity for astute investors. The 8,952 square foot building, situated on a 0.64-acre lot in Bexar County (zip code 78216), boasts a diverse tenant base of four businesses across a mix of manufacturing, traditional office, and warehouse spaces. The property features a two-story structure with a desirable 12-15 foot ceiling height, providing ample space and flexibility for various uses. The current Net Operating Income (NOI) stands at $103,740, yielding a 7.46% cap rate, with a pro-forma NOI of $111,726 and a pro-forma cap rate of 8.04%. The asking price is $1,390,000, translating to $155.27 per square foot. The property benefits from 18 parking spaces, including additional on-street parking, and is zoned for industrial/commercial use. The building is well-maintained, with recent improvements including a new thermoplastic polyolefin (TPO) roof and recently restriped and blacktopped parking areas. The property's strong tenant history, with most tenants occupying the space for over a decade, and a history of consistent occupancy, makes this a low-risk, high-reward investment. The triple-net (NNN) lease structure further minimizes management responsibilities. This property presents a rare opportunity to acquire a stable, cash-flowing asset with significant upside potential in a prime San Antonio location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.4998
- Latitude
- 29.554
