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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1406 Flores St San Antonio, TX 78212

    • Retail space
    • 1,784 SF
    • 0.09 lot acres
    For Lease
    View listing
    Value Estimations
    $295,000
    Cap Rate Potential
    8.3%
    Retail space
    Location Intelligence
    Property ID
    US82-3864416
    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

    • Crites Downtown Lock and Key / Locksmith

    Property Details for 1406 Flores St

    Year built
    1921
    Lot size
    0.09 lot acres
    Property size
    1,784 SF
    Property type
    Retail space
    APN
    00204-000-0110
    APU
    2040000110

    Description

    This exceptional 1,784 square foot retail space, located at 1406 N Flores St, San Antonio, TX 78212, presents a unique investment opportunity. Situated in the vibrant 5 Points neighborhood, just north of downtown San Antonio and a mere 3 minutes from San Antonio College, this property boasts unparalleled visibility and accessibility. The entire building, encompassing a single suite, is currently vacant, offering immediate occupancy for a discerning tenant. The property is zoned C2 - IDZ, allowing for a diverse range of commercial uses. With a generous lot size of 1,784 square feet, the property offers ample space for both interior operations and potential exterior improvements. The building's classification as Class C reflects its potential for renovation and value enhancement. Its convenient location near a major educational institution and the city's downtown core ensures high foot traffic and strong potential for attracting a wide customer base. The cross street is Fredericksburg Rd, further enhancing its accessibility and visibility. This is an ideal opportunity for a business seeking a prominent location in a rapidly developing area of San Antonio. The property's size and zoning provide flexibility for a variety of retail or office uses, making it a truly versatile investment. Don't miss this chance to secure a prime commercial space in a thriving San Antonio neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $400,000
      6.5%
      $365,000
      7%
      $340,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.503
    Latitude
    29.4396
    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
    $2,219
    $58,600
    $41,530
    $100,130
    -
    $58,600
    $41,530
    $100,130

    Comparable in this City

    • Value Estimation
      $310,000
      3,721 SF

      1400 Flores St

      RETAIL STORES (PERSONAL SERVICES) • 3,721 SF
      1400 Flores St, San Antonio, TX 78212-4928
      View Details
    • Value Estimation
      $325,000
      4,000 SF

      604 Hildebrand Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      604 Hildebrand Ave, San Antonio, TX 78212
      View Details
    • Value Estimation
      $365,000
      8,184 SF

      4414 Blanco Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,184 SF
      4414 Blanco Rd, San Antonio, TX 78212-1046
      View Details
    • Value Estimation
      $310,000
      2,744 SF

      1102 Basse Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,744 SF
      1102 Basse Rd, San Antonio, TX 78212-1003
      View Details
    • Value Estimation
      $375,000
      6,480 SF

      1722 Main Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,480 SF
      1722 Main Ave, San Antonio, TX 78212-3938
      View Details
    • Value Estimation
      $330,000
      3,024 SF

      4835 Mccullough Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,024 SF
      4835 Mccullough Ave, Olmos Park, TX 78212-1623
      View Details

    Similar Nearby for Sale

    • $950,000
      0.25 Acres

      San Pedro Ave Retail Gem

      Prime San Antonio storefront, 5,326 sq ft.
      600 San Pedro Ave, San Antonio, TX 78212
      View Details
    • $1,292,308
      400 SF

      Retail Space with Long-Term Lease

      Retail property with a new 15-year lease and annual increases.
      2630 Blanco Rd, San Antonio, TX 78212
      View Details
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      163,400 SF

      Retail Pad Site on Loop

      Retail pad site available for purchase or lease on Loop.
      6301 Loop St Northwest, San Antonio, TX 78212
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    • $750,000

      Downtown San Antonio Commercial Property

      Versatile commercial property in the heart of Downtown San Antonio.
      206 Fredericksburg Rd, San Antonio, TX 78212
      View Details
    • Contact for pricing

      Commercial Space in Vibrant District

      Commercially-zoned space in vibrant nightlife district, ideal for alcohol sales.
      1812 Main Ave, San Antonio, TX 78212
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      San Antonio Caliber Collision Investment

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    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Former Bingo and Reception Hall

      Flexible retail space with large parking lot available for rent.
      3811 Blanco Rd, San Antonio, TX 78212
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on TX-1604 Loop

      2000 SF retail space available for rent.
      115 Loop St, San Antonio, TX 78212
      View Details
    • Contact for pricing
      1,434 SF

      Retail Space in Mixed-Use District

      Retail space for lease in a large mixed-use development.
      4219 Mccullough Ave, San Antonio, TX 78212
      View Details
    • Contact for pricing
      2,444 SF

      Retail Space with Modern Finishes

      Versatile retail space featuring modern finishes and excellent visibility.
      601 E Ashby Pl, San Antonio, TX 78212
      View Details
    • $36 SF/Yr
      3,834 SF

      Prime Retail Space in San Antonio

      Retail space with versatile floor plans and contemporary design.
      1405-1425 S Flores St, San Antonio, TX 78212
      View Details
    • Contact for pricing
      2,015 SF

      Freestanding Retail Space For Rent

      High-visibility retail space with parking in a dense residential area.
      4402 Blanco Rd, San Antonio, TX 78212
      View Details
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    1406 Flores St
    San Antonio, TX 78212
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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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