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    OFF-MARKET
    Strip malls

    1703 Fredericksburg Rd, San Antonio, TX 78201

    5,112 SF 0.23 ac lot Built 1960
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US82-4562833
    Property summary
    AI-generated overview

    This exceptional San Antonio commercial property, located at 1703 Fredericksburg Rd, offers a unique investment opportunity. The 5,112 square foot building sits on a 0.22-acre lot and features a blend of office and retail space, currently zoned C-2 (commercial). The property boasts approximately 2,112 square feet of vacant space, ideal for a variety of uses, alongside an existing tenant, Shine Dental, occupying 3,000 square feet under a recently commenced lease. The existing lease for Shine Dental provides a strong, stable income stream, with projected Net Operating Income (NNN) increasing incrementally over a ten-year period: Year 1: $66,000; Years 2-5: $72,000; Years 6-10: $79,200. The 2023 estimated NNN expenses are $8.95 per square foot. The property offers significant street visibility with approximately 210 feet of frontage on Fredericksburg Road and approximately 183 feet of frontage on West Kings Highway. Ample parking is available, with a ratio of 4.11 spaces per 1,000 square feet. This multi-tenant property presents a compelling combination of immediate income and future development potential in a desirable San Antonio location. The property is classified as a Class C building with a Triple Net (NNN) lease type.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1960
    Total area 5,112 SF
    Lot 0.23 ac (9,801 SF)
    APN 01937-035-0010
    UPID US82-4562833
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Gloss Dental - San Antonio Dental Office
    • Gloss Dental Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Firstmark Credit Union · 3 yrs held
    Firstmark Credit Union
    since 2022
    7 recorded transactions
    2022
    $1.4M
    2021
    2019
    2019
    2018
    2016
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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