Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    116 Houston St San Antonio, TX 78205

    • Office Properties & Spaces
    • 40,687 SF
    • 0.31 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2717267
    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

    • High Quality CBD Oil / Vitamin & Supplements Store
    • fAEFA / Abbey
    • Savoy Building / Corporate Office

    Property Details for 116 Houston St

    Year built
    1930
    Lot size
    0.31 lot acres
    Property size
    40,687 SF
    Property type
    Office Properties & Spaces
    APN
    00106-000-0410
    APU
    1060000410

    Description

    The Savoy Building, located at 116 E Houston St, San Antonio, TX 78205, presents a unique retail opportunity in Bexar County. Originally constructed in 1912 as the Savoy Hotel, this 1,500 square foot space offers a blend of historical character and modern functionality. The building, a testament to the architectural vision of Alfred Giles, comprises three distinct structures, creating a visually striking and memorable presence. Currently, the entire 1,500 square feet is available for lease. This ground-floor retail space is ideally situated within a vibrant urban setting, providing excellent visibility and accessibility for businesses seeking a distinctive location. The building's rich history and architectural details create an unparalleled ambiance, perfect for businesses seeking to establish a strong brand identity within a highly desirable area of San Antonio. The property's multiple-tenant configuration allows for flexibility in lease terms and potential for synergistic partnerships. This is a rare chance to secure a prominent retail space in a historically significant building in the heart of San Antonio. The property's location offers easy access to various amenities and a high volume of foot traffic. This is an exceptional opportunity for a business seeking a unique and memorable location to thrive.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4928
    Latitude
    29.4262
    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
    $106,740
    $3,055,340
    $1,444,660
    $4,500,000
    -
    $3,055,340
    $1,444,660
    $4,500,000

    Comparable in this City

    • Value Estimation by Request
      35,198 SF

      103 Houston St

      Multifamily properties • 35,198 SF
      103 Houston St, San Antonio, TX 78205
      View Details
    • Value Estimation by Request
      62,138 SF

      602 Presa St

      Airport retail • 62,138 SF
      602 Presa St, San Antonio, TX 78205
      View Details
    • Value Estimation
      $1,160,000
      21,658 SF

      500 Saint Marys St

      OFFICE (GENERAL) • 21,658 SF
      500 Saint Marys St, San Antonio, TX 78205-1706
      View Details
    • Value Estimation
      $4,080,000
      160,528 SF

      711 Navarro St

      OFFICE (GENERAL) • 160,528 SF
      711 Navarro St, San Antonio, TX 78205-1711
      View Details
    • Value Estimation
      $2,420,000
      21,120 SF

      111 Houston St

      OFFICE (GENERAL) • 21,120 SF
      111 Houston St, San Antonio, TX 78205-2114
      View Details
    • Value Estimation
      $1,050,000
      21,587 SF

      421 Commerce St

      OFFICE (GENERAL) • 21,587 SF
      421 Commerce St, San Antonio, TX 78205-2814
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Office Space For Sale

      Second floor office with exposed concrete and high ceilings.
      106 Auditorium Cir, San Antonio, TX 78205
      View Details
    • $6,000,000
      9,137 SF

      Riverwalk Office Building For Sale

      Office building with riverwalk access and flexible zoning.
      135 E Commerce St, San Antonio, TX 78205
      View Details
    • Contact for pricing

      Downtown San Antonio Riverfront Office

      Two-story office building with direct River Walk access.
      515 S Saint Marys St, San Antonio, TX 78205
      View Details
    • $1,490,000
      4,071 SF

      Move-In Ready Historic Office Building

      Charming office building with ample parking and functional basement.
      635 S Presa St, San Antonio, TX 78205
      View Details
    • $2,950,000
      7,863 SF

      San Antonio River Walk Proximity

      Office building near San Antonio River Walk and Main Plaza.
      101 W Commerce St, San Antonio, TX 78205
      View Details
    • 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
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      30,783 SF

      Prestigious San Antonio Office Space

      Historic Downtown Executive Suites
      309 Commerce St, San Antonio, TX 78205
      View Details
    • Contact for pricing
      35,198 SF

      Downtown West Office Suites

      Prime San Antonio Office Space Available
      103 Houston St, San Antonio, TX 78205
      View Details
    • Contact for pricing
      62,138 SF

      Presa Street Retail Space

      Historic Downtown San Antonio Retail
      602 Presa St, San Antonio, TX 78205
      View Details
    • $16 SF/Yr
      13,236 SF

      Historic Alamo Plaza Retail Space

      Prime downtown San Antonio retail/office, multiple suites available.
      515 Houston St, San Antonio, TX 78205
      View Details
    • Contact for pricing
      165,500 SF

      One Alamo Center: San Antonio Office

      Downtown San Antonio Office Space
      106 St St, San Antonio, TX 78205
      View Details
    • Contact for pricing
      1,200 SF

      Historic St. Paul Square Office

      Professional office space in the heart of historic St. Paul.
      1142 East Commerce St, San Antonio, TX 78205
      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.
    116 Houston St
    San Antonio, TX 78205
    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

    Google sign-in failed. Please try again or use another login method.