Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1602 Hamilton Ave San Antonio, TX 78207
    Property profile & analytics

    1602 Hamilton Ave San Antonio, TX 78207

    View on Map
    • Retail properties & Spaces
    • 5,520 SF
    • 0.58 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1602 Hamilton Ave

    Year built
    1972
    Lot size
    0.58 lot acres
    Property size
    5,520 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 5,520 square foot retail building, located at 1602 S Hamilton Ave in San Antonio, Texas, presents a lucrative investment opportunity. Built in 1972 and extensively renovated in 2023, this Class C property sits on a 0.577-acre lot and boasts a C-2 zoning designation. Currently configured as a single-tenant convenience store (approximately 4520 sq ft, including inventory), the sale includes the operating business. Additionally, there's a separate 1000+ square foot standalone building available for lease at $2500/month, with the owner offering free rent for tenant improvements. A vacant lot is also available for ground lease at $2000/month, also with free rent for improvements. The asking price for the entire property is $1,800,000, with owner financing available. Lease terms are favorable, with an initial five-year lease and three five-year renewal options. The property enjoys a prime location in the Greater Gardendale area of Southwest San Antonio, near parks, major roadways (S Zarzamora), and Elmendorf Lake Park, ensuring high visibility and accessibility. This versatile property offers a unique blend of immediate income generation and significant future development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5334
    Latitude
    29.4111

    Comparable in this City

    • Value Estimation by Request
      80,000 SF

      2106-2118 Zarzamora St

      Restaurants • 80,000 SF
      2106-2118 Zarzamora St, San Antonio, TX 78207
      View Details
    • Value Estimation by Request
      59,490 SF

      4002-4114 Commerce St

      Retail properties & Spaces • 59,490 SF
      4002-4114 Commerce St, San Antonio, TX 78207
      View Details
    • Value Estimation by Request
      2,924 SF

      1423 Hamilton Ave

      Retail properties & Spaces • 2,924 SF
      1423 Hamilton Ave, San Antonio, TX 78207
      View Details
    • Value Estimation by Request
      25,000 SF

      2106 Zarzamora St

      Retail properties & Spaces • 25,000 SF
      2106 Zarzamora St, San Antonio, TX 78207
      View Details
    • Value Estimation by Request
      0.26 Acres

      1225 Brazos St

      Retail properties & Spaces • 11,476 SF
      1225 Brazos St, San Antonio, TX 78207
      View Details
    • Value Estimation by Request
      1,920 SF

      3031 Guadalupe St

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      3031 Guadalupe St, San Antonio, TX 78207-5115
      View Details

    Similar Nearby for Sale

    • $260,000
      3,317 SF

      Westside Commercial Space For Sale

      3,317 SF commercial space in San Antonio's booming Westside.
      2503 W Martin St, San Antonio, TX 78207
      View Details
    • Contact for pricing
      5,398 SF

      San Antonio Nightclub Opportunity

      5,300 SF nightclub building on 0.3-acre lot for sale.
      3239 W Commerce St, San Antonio, TX 78207
      View Details
    • Contact for pricing
      1,332 SF

      Retail Space on Zarzamora Street

      Retail space available with parking and pylon signage.
      422 S Zarzamora St, San Antonio, TX 78207
      View Details
    • Contact for pricing
      19,329 SF

      Historic Building in Opportunity Zone

      Historic landmark building in inclusive growth area near Westside.
      118 N Medina St, San Antonio, TX 78207
      View Details
    • $425,000
      6,161 SF

      San Antonio Commercial Entertainment Venue

      6,161 sqft commercial building near Downtown San Antonio.
      3239 W Commerce St, San Antonio, TX 78207
      View Details
    • Contact for pricing
      0.05 Acres

      Residential Lot Near Downtown

      Residential lot near downtown San Antonio, Texas.
      113 Rounds St, San Antonio, TX 78207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,452 SF

      Retail Space Available For Lease

      Retail space available for lease. Contact broker for details.
      4001 W Commerce St, San Antonio, TX 78207
      View Details
    • Contact for pricing

      7,200 SF Standalone Building

      Standalone building near Downtown San Antonio, Riverwalk, and Pearl District.
      1811 W Commerce St, San Antonio, TX 78207
      View Details
    • $15 SF/Yr
      18,000 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility, strong tenant mix, ample parking.
      2118 S Zarzamora St, San Antonio, TX 78207
      View Details
    • Contact for pricing

      Retail Space in Established Center

      Retail space for rent in a well-located neighborhood center.
      2106-2118 S Zarzamora St, San Antonio, TX 78207
      View Details
    • Contact for pricing

      Industrial Facility Near Downtown San Antonio

      Industrial space with highway access and monument signage opportunity.
      1350 N Colorado St, San Antonio, TX 78207
      View Details
    • Contact for pricing

      Commercial Kitchens for Food Operators

      Private commercial kitchens ranging from 200 to 2,000 square feet.
      427 Lombrano St, San Antonio, TX 78207
      View Details
    Request Owner's contact information
    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.
    1602 Hamilton Ave
    San Antonio, TX 78207
    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
    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

    Thank You for Inquiry
    1602 Hamilton Ave, San Antonio, TX, 78207
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!