1626 Pat Booker Rd, Universal City, TX 78148-3433
- Auto shops
- 16,800 SF
- 0.89 lot acres
Current Use by Public Records
- Auto shops
Property Details for 1626 Pat Booker Rd
- Year built
- 1968
- Lot size
- 0.89 lot acres
- Property type
- Auto shops
- APN
- 05047-012-0280
- APU
- 50470120280
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 3, 2022 | — | Ibni Investments LLC | — | Deed · related | $1.9M · Texell Cu |
| Aug 7, 2020 | — | Ibni Investments LLC | Selective Development LLC | Venders Lien | $1.7M · Independent Bank |
| Mar 1, 2007 | — | Selective Dev LLC | Ebrahimi,mohammad R & Petti D | Grant Deed | — |
| Sep 7, 2006 | — | Mohammad R Ebrahimi | Half-ton 2 Ltd | Grant Deed | — |
| — | — | Half-ton 2 Ltd | — | Deed Of Trust · related | $610k · Intercontinental Bank |
Description
This exceptional investment opportunity presents a 16,800-square-foot shopping center in Universal City, Texas. Located at 1626 Pat Booker Rd, this single-story, 1968-built property sits on a 0.88-acre lot (APN: 05047-012-0280) and is zoned for retail use. Currently boasting 100% occupancy with eight tenants under staggered NNN leases with a remaining term of five years, this stabilized investment offers a strong net operating income (NOI) of $192,048, translating to a 7.5% capitalization rate. The asking price is $2,560,640, or $152.42 per square foot. The property benefits from high visibility and accessibility along Pat Booker Rd, experiencing daily traffic exceeding 35,000 vehicles. This prime location within the San Antonio MSA serves a substantial population with an average income of $103,768 within a five-mile radius. The absence of tenant options provides a potential for future rental increases, enhancing the long-term value and return on investment. This well-maintained asset offers a secure income stream and significant upside potential for discerning investors. The property features a multi-tenant configuration, ensuring diversification of income sources.
Value Estimations
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,485,000 Current use
- MEDICAL BUILDING
- $1,410,000 Change: -5% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,295,000 Change: -13% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Universal City
- County
- Bexar
- State
- Texas
- Longitude
- -98.3055
- Latitude
- 29.5529
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
