1703 Fredericksburg RdSan Antonio, TX 78201

Property Details for 1703 Fredericksburg Rd

Year built

1960

Lot size

0.23 AC

Property size (Sq ft)

5,112 SF

Property type

Retail properties

Property subtype

Strip malls

APN

01937-035-0010

APU

19370350010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,396,815

  6.5%

  $1,289,368

  7%

  $1,197,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,927,747

  Geo Method

  $2,927,747

• Alternative Use

  Use

  Valuation

  Residential

  $1,087,630

  Hospitality

  $996,263

  Educational

  $828,879

  Medical

  $857,386

  Retail

  $1,289,368

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4604

Longitude

-98.5222

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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