Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Fm 1976 Converse, TX 78109

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $900,000

    9.74-acre tract with commercial or residential potential, no zoning.

    Property size:
    424,274 SF
    Lot size:
    9.74 Acres

    Property Features for Fm 1976

    General Information

    Size
    424,274 SF
    Lot size
    9.74 Acres

    We can help!

    Listing Contact
    Joel C. English
    Source: Moodyscre

    Listing Agent: Joel C. English

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

    Learn more

    Property Insight Report

    Overview

    Versatile Development Tract For Sale

    This \u00b19.74-acre development tract offers versatile commercial or residential potential. The property backs up to an established neighborhood, offering natural appeal and connectivity for future development. Utilities are available, providing a ready-to-build site. Approximately 0.5 acres are in a flood plain, with the remainder of the property on higher ground. There are no zoning restrictions, allowing flexibility for a wide range of uses. The property features excellent frontage and visibility with approximately 13,253 AADT on FM 1976 (2024, TxDOT) and 1,006 VPD on Janice Drive (2020, TxDOT). The location provides convenient access to FM 1976 and surrounding roadways, and is just 5 miles to I-10. It is ideal for retail, office, multifamily, or mixed-use development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Converse
    County
    Bexar
    State
    Texas
    Longitude
    -98.32156
    Latitude
    29.51526

    Nearby Similar for Sale

    • $460,655
      2,522 SF

      New Townhome Duplex in Converse

      New duplex near Randolph and Fort Sam Medical Hospital.
      7356 Misty Rdg #13 &, Converse, TX 78109
      View Details
    • $525,000
      Pending

      Well-Maintained Duplex in Converse, TX

      Spacious duplex with income potential in Converse, Texas.
      5507 Haven Spring, Converse, TX 78109
      View Details
    • $490,000
      4,352 SF

      Converse, TX Fourplex Investment Opportunity

      Fourplex near Converse City Park and Judson High School.
      812 Station St, Converse, TX 78109
      View Details
    • $490,000
      4,352 SF

      Converse, TX Fourplex Investment

      Fourplex near Converse City Park and Judson High School.
      814 Station St, Converse, TX 78109
      View Details
    • $2,000,000

      Mixed-Use Property in Converse, TX

      Two buildings with offices, warehouses, and garages on 0.5691 acres.
      101-103 Gibbs Sprawl Rd, Converse, TX 78109
      View Details
    • $1,500,000
      8,000 SF

      Converse Commercial Property For Sale

      8,000 SF commercial property in Converse, TX. Investment opportunity.
      9202 Converse Business Ln, Converse, TX 78109
      View Details
    • $400,000
      1,140 SF

      Converse Flex Space For Sale

      Flex space property in Converse, TX, ideal for various uses.
      9483 Kneupper Ln, Converse, TX 78109
      View Details
    • $525,000

      Spacious Duplex in Converse, TX

      Well-maintained duplex with rental income potential in Converse.
      5507 Hvn Spg, Converse, TX 78109
      View Details
    • $749,000
      4,785 SF

      Warehouse and Office For Sale

      Warehouse and office property with redevelopment potential in Converse, TX.
      8597 Brucks Dr, Converse, TX 78109
      View Details
    • Contact for pricing

      Highly Visible Corner Lot Retail

      Retail space in a highly visible, conveniently located strip center.
      105 S Seguin 104, Converse, TX 78109
      View Details
    • Contact for pricing

      Highly Visible Corner Lot Retail

      Retail space near City Hall and Converse City Park.
      105 S Seguin 103, Converse, TX 78109
      View Details
    • Contact for pricing

      Highly Visible Corner Lot Retail

      Conveniently located strip center with tenant signage available.
      105 S Seguin 103 & 104, Converse, TX 78109
      View Details

    FAQs

    What type of property is this?
    Land - 9.74-acre tract with commercial or residential potential, no zoning.
    Where is this land located?
    The property is located at Fm 1976 Converse, TX.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - ±9.74-acre development tract with versatile commercial or residential potential; - Excellent frontage and visibility with approximately 13,253 AADT on FM 1976; - Utilities available, providing a ready-to-build site
    (281) 898-0895
    Request Owner's contact information
    Fm 1976 Converse, TX 78109
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Fm 1976
    Converse, TX 78109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Fm 1976 Converse, TX 78109
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joel C. English
    (281) 898-0895
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.