3811 Blanco RdSan Antonio, TX 78212

Property Details for 3811 Blanco Rd

Year built

1956

Lot size

3.37 AC

Property size (Sq ft)

49,740 SF

Property type

Retail properties

Property subtype

Strip malls

APN

09737-013-0080

APU

97370130080

Description

This exceptional San Antonio retail property, located at 3811 Blanco Road in Bexar County, Texas, offers a compelling investment opportunity. The 50,000-square-foot, single-story building features a diverse mix of eight tenants, currently operating at 80% occupancy. Built in 1956 and extensively renovated in 2023, the property boasts a strong Net Operating Income (NOI) of $312,649, with a pro-forma NOI of $396,649, reflecting a 7.11% cap rate and a pro-forma cap rate of 8.53%. The asking price is $4,400,000, translating to $88 per square foot. The property sits on a 3.349-acre lot, with a land value of $10 per square foot, and provides ample parking (228 spaces per 1,000 square feet). The lease type is NNN, with rent bumps included. This multi-tenant retail center is classified as Class C and benefits from its location in the thriving San Antonio MSA. The property's tenant mix includes a nightclub, a tortilleria, a ballroom, and a Honduran restaurant, contributing to a vibrant community atmosphere. This investment presents a strong current return with significant upside potential for future growth. The property's strategic location and diverse tenant base make it an attractive investment for discerning buyers. The property's address is 3811 Blanco Rd, San Antonio, TX 78212. The APN is 09737-013-0080.

• CAP approach

  CAP return

  Valuation

  6%

  $16,055,381

  6.5%

  $14,820,352

  7%

  $13,761,755

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,487,112

  Geo Method

  $28,487,112

• Alternative Use

  Use

  Valuation

  Residential

  $12,501,521

  Hospitality

  $11,451,326

  Educational

  $9,527,369

  Medical

  $9,855,030

  Retail

  $14,820,352

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4816

Longitude

-98.5085

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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