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    For Sale (15)

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    Elmendorf Vacant Land Opportunity
    $430,000
    10.43 Acres

    Elmendorf Vacant Land Opportunity

    10.43 acres of vacant land within Elmendorf City Limits.

    15785 Kilowatt Rd, Elmendorf, TX 78112
    View details
    Unrestricted Land in Stockdale, TX
    $395,000
    26.88 Acres

    Unrestricted Land in Stockdale, TX

    26.88 acres of untouched, secluded land in a rural setting.

    4 Fm 1347, Stockdale, TX 78160
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    El Paso Multifamily Investment Property
    $295,000
    3,044 SF

    El Paso Multifamily Investment Property

    Well-maintained four-unit property near schools and roads, generating strong income.

    1307 N Ochoa St, El Paso, TX 79902
    View details
    Secluded 10.16 Acre Land Tract
    $218,000
    10.16 Acres

    Secluded 10.16 Acre Land Tract

    Ag-exempt Texas ranch land with peaceful views and no restrictions.

    Tbd 10.16 Ac Dowdy, Seguin, TX 78155
    View details
    Land Near the Lake
    Contact for pricing
    0.11 Acres

    Land Near the Lake

    Cleared land close to the lake in Granite Shoals, TX.

    Norwood Dr, Granite Shoals, TX 78654
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    Canyon Lake Land with Views
    $185,000
    4.18 Acres

    Canyon Lake Land with Views

    4.18 acres in Mystic Shores with hill country views.

    819 Mystic Breeze, Spring Branch, TX 78070
    View details
    Residential Lot in Government Hill
    $64,900
    0.13 Acres

    Residential Lot in Government Hill

    Residential lot in rapidly developing Government Hill neighborhood.

    1514 Ash St, San Antonio, TX 78208
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    Two Homes, One Lot
    $159,500
    1,720 SF

    Two Homes, One Lot

    Two homes on one lot, great rental income opportunity.

    2019 Martin Luther King Dr, San Antonio, TX 78203
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    Elgin, TX Land Opportunity
    $499,900
    1.82 Acres

    Elgin, TX Land Opportunity

    1.82 acres, 14 lots, ideal for development.

    1 Thru 14, Elgin, TX 78621
    View details
    29 Acres of Private Land
    $330,000
    29.00 Acres

    29 Acres of Private Land

    Private 29-acre property in Floresville, Texas, with mature trees.

    15828 Fm 775, Floresville, TX 78114
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    Horseshoe Bay Homesite Opportunity
    Contact for pricing
    0.26 Acres

    Horseshoe Bay Homesite Opportunity

    Homesite in Horseshoe Bay with access to Quail Point Lodge.

    706 Pinto/Hi Mesa, Horseshoe Bay, TX 78657
    View details
    New Braunfels Duplex Investment Opportunity
    $475,000
    2,650 SF

    New Braunfels Duplex Investment Opportunity

    Well-maintained duplex with long-term tenants in a growing community.

    125-127 Joanne Cv, New Braunfels, TX 78130
    View details
    Residential Lot in San Antonio
    $45,000
    0.19 Acres

    Residential Lot in San Antonio

    Residential lot in established neighborhood with easy highway access.

    4823 John Victor Dr, San Antonio, TX 78220
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    San Antonio Vacant Lot Ready
    $34,900
    0.13 Acres

    San Antonio Vacant Lot Ready

    Vacant lot ready for a new home near main arteries.

    2134 Aransas Ave, San Antonio, TX 78220
    View details
    Residential Land in Established Neighborhood
    $51,000
    0.19 Acres

    Residential Land in Established Neighborhood

    Flat .193-acre lot in San Antonio's Green Acres subdivision.

    2716 Wayne Dr, San Antonio, TX 78222
    View details

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    StepStone Realty LLC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    StepStone Realty LLC
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