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    322 Commerce St San Antonio, TX 78205

    • Retail space
    • 39,634 SF
    • 0.41 lot acres
    For Lease
    View listing
    Last Sale
    Apr 01, 2022
    Value Estimations
    $1,240,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2240236
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 322 Commerce St

    Year built
    1890
    Lot size
    0.41 lot acres
    Property size
    39,634 SF
    Property type
    Retail space
    APN
    00254-000-0010
    APU
    2540000010

    Description

    The Continental Building in Bexar County, San Antonio, offers an exceptional opportunity for retail tenants. This mixed-use development, slated for mid-2025 shell delivery, seamlessly blends historic charm with modern luxury. The project features a 16-story, 300-unit residential tower and meticulously renovated historical buildings, creating a vibrant and desirable urban environment. Currently, there are four available retail spaces, ranging from a minimum of 2,528 square feet to a maximum contiguous space of 6,821 square feet. A total of 17,651 square feet of retail space is available within the building, with 15,597 square feet currently vacant. This presents a unique chance to establish a presence in a thriving community poised for significant growth. The building's prime location within a revitalized area ensures high visibility and accessibility for businesses. The Continental Building is more than just retail space; it's an investment in a dynamic and evolving San Antonio landmark. This is an unparalleled opportunity to become part of a landmark redevelopment project that will redefine mixed-use living in the heart of San Antonio. The project's blend of history and modern design creates a unique and attractive environment for businesses and residents alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $985,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,496,000
      Market price range: $1.50M - $5.35M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4968
    Latitude
    29.425
    CBSA code
    41700
    CBSA name
    SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $49,273
    $1,717,420
    $147,000
    $1,864,420
    -
    $1,717,420
    $147,000
    $1,864,420

    Comparable in this City

    • Value Estimation
      $690,000
      15,001 SF

      300 Houston St

      RETAIL STORES (PERSONAL SERVICES) • 15,001 SF
      300 Houston St, San Antonio, TX 78205-1816
      View Details
    • Value Estimation
      $490,000
      6,844 SF

      328 Houston St

      RETAIL STORES (PERSONAL SERVICES) • 6,844 SF
      328 Houston St, San Antonio, TX 78205-2415
      View Details
    • Value Estimation
      $470,000
      7,500 SF

      128 Jefferson St

      RETAIL STORES (PERSONAL SERVICES) • 7,500 SF
      128 Jefferson St, San Antonio, TX 78205-1804
      View Details
    • Value Estimation
      $360,000
      5,750 SF

      513 Houston St

      RETAIL STORES (PERSONAL SERVICES) • 5,750 SF
      513 Houston St, San Antonio, TX 78205-1919
      View Details
    • Value Estimation
      $325,000
      1,874 SF

      915 Alamo St

      RETAIL STORES (PERSONAL SERVICES) • 1,874 SF
      915 Alamo St, San Antonio, TX 78205-3438
      View Details
    • Value Estimation
      $400,000
      307 SF

      607 Alamo St

      RETAIL STORES (PERSONAL SERVICES) • 307 SF
      607 Alamo St, San Antonio, TX 78205
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,404 SF

      Riverwalk Retail Space For Sale

      Prime Riverwalk retail space with flexible zoning and ADA access.
      155 E Commerce St, San Antonio, TX 78205
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      San Antonio Retail Opportunity

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      Historic Landmark Building For Sale

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      Riverwalk Redevelopment Opportunity

      Prime San Antonio location, vacant, 11,200 sq ft.
      211 St St, San Antonio, TX 78205
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    • $1,825,000

      Commercial Land For Sale

      Commercial land available for sale.
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      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
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    Similar Nearby for Lease

    • $24 SF/Yr
      2,205 SF

      Retail Space with High Visibility

      Retail space with off-street parking and easy highway access.
      625 N Alamo St, San Antonio, TX 78205
      View Details
    • Contact for pricing
      3,100 SF

      Downtown San Antonio Rooftop Opportunity

      Unique rooftop space with Alamo views in historic building.
      505 E Travis St, San Antonio, TX 78205
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      Corner Retail Space Available

      Two-story retail building with valet parking and rooftop access.
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      View Details
    • Contact for pricing
      10,000 SF

      Prime Retail Space on Riverwalk

      Exceptional retail space in the heart of downtown San Antonio.
      134-152 Navarro St, San Antonio, TX 78205
      View Details
    • $23 SF/Yr
      2,000 SF

      Prime Retail Space Available

      Modern retail space with high visibility and strong foot traffic.
      814-818 N Alamo St, San Antonio, TX 78205
      View Details
    • Contact for pricing
      1,372 SF

      Retail Space in San Antonio

      Retail space available for lease in San Antonio, Texas.
      707-721 S Saint Marys St, San Antonio, TX 78205
      View Details
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    322 Commerce St
    San Antonio, TX 78205
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    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
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