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    4372 North Loop 1604 West Shavano Park, TX 78249

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    For Lease
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    Three-story office building with Loop 1604 frontage and visibility.

    Property size:
    3,365 SF
    Lot size:
    3,365 SF

    Property Features for 4372 North Loop 1604 West

    General Information

    Size
    3,365 SF

    We can help!

    Listing Contact
    Christi Griggs
    Source: Cbre

    Listing Agency: CBRE San Antonio Listing Agent: Christi Griggs

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Shavano Park Office Building ForRent

    Pond Hill is a three-story office building with finished interiors. It is situated on the east bound access road of Loop 1604, positioned between Military Drive and Lockhill Selma Road, and near IH-10. The location provides convenient access to food, entertainment, and retail establishments. The property features frontage on Loop 1604, offering visibility and access. Multiple points of ingress and egress are available directly off the eastbound access road of Loop 1604 via Pond Hill Road and Military Drive. The Rim shopping center, featuring restaurants and retail stores, is within ten minutes of the property. Eisenhower Park is also nearby. The property size is 3365 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shavano Park
    County
    Bexar
    State
    Texas
    Longitude
    -98.6053
    Latitude
    29.5721

    Nearby Similar for Lease

    • $27 SF/Yr

      Office Space on Lockhill Selma

      Office space for rent with prime visibility.
      4466 Lockhill Selma Rd, Shavano Park, TX 78249
      View Details
    • $24 SF/Yr
      3,386 SF

      Office Space in Napier Park

      Office space for lease in a prime San Antonio location.
      3216 Napier Park, Shavano Park, TX 78231
      View Details
    • Contact for pricing
      1,850 SF

      Shavano Park Retail Space Available

      Prime retail space in affluent Shavano Park neighborhood.
      14439 Nw Military Hwy, Shavano Park, TX 78231
      View Details
    • Contact for pricing
      8,524 SF

      Medical Office Space Available

      Medical office space with Loop 1604 signage and visibility.
      4050 N Loop 1604 W, Shavano Park, TX
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building with Loop 1604 frontage and visibility.
    Where is this office building located?
    The property is located at 4372 North Loop 1604 West Shavano Park, TX.
    What are key features of this property?
    This property features: - Superb Loop 1604 visibility and access; - Prominent location with Loop 1604 frontage; - Outstanding exposure to Loop 1604
    (210) 253-6024
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    4372 North Loop 1604 West Shavano Park, TX 78249
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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
    4372 North Loop 1604 West Shavano Park, TX 78249
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    We can help!
    Listing Contact
    Christi Griggs
    (210) 253-6024 (210) 225-1000
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