250 Olmos DrSan Antonio, TX 78212

Property Details for 250 Olmos Dr

Year built

1983

Lot size

0.11 AC

Property size (Sq ft)

2,996 SF

Property type

Office properties

APN

08564-000-0320

APU

85640000320

Description

This exceptional 3,490 square foot office building, located at 250 W. Olmos in San Antonio, Texas, presents a unique investment opportunity. Situated in the desirable Olmos Park neighborhood, just two blocks from the roundabout and minutes from The Pearl, this property boasts high visibility and convenient access. The building, constructed in 2017 (with some historical elements dating back to 183), features two stories and offers eight parking spaces. The property is zoned Commercial C-2, allowing for a variety of uses. The building's exterior has recently undergone significant capital improvements, including a new staircase, skylight, and drainage system. Currently, the first floor is occupied by a long-term tenant, while the second floor is vacant, presenting an opportunity for owner-occupancy or lease to a new tenant

• CAP approach

  CAP return

  Valuation

  6%

  $658,370

  6.5%

  $607,727

  7%

  $564,318

• Comparable approach

  Method

  Valuation

  Relative Method

  $680,901

  Geo Method

  $680,901

• Alternative Use

  Use

  Valuation

  Residential

  $753,581

  Hospitality

  $690,276

  Educational

  $574,302

  Medical

  $594,053

  Retail

  $893,358

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4708

Longitude

-98.4953

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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