Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    118 New Laredo Hwy San Antonio, TX 78211

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    Cleared 0.62-acre commercial lot ready for redevelopment.

    Lot size:
    0.62 Acres

    Property Features for 118 New Laredo Hwy

    General Information

    Lot size
    0.62 Acres

    We can help!

    Listing Contact
    Source: Elliman

    Listing Agency: Realty United

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

    Learn more

    Overview

    Commercial Lot on New Laredo

    This 0.62-acre commercial lot is located along New Laredo Highway (State Hwy 16), offering visibility and access to I-35 and Loop 410. The cleared lot is ready for new construction, as the previous structure has been demolished. Zoned for commercial use, the property is suitable for a retail, restaurant, office, or service business. It is located in a commercial corridor near downtown San Antonio, South Park Mall, and industrial areas. Utilities are available at the street.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.5352713
    Latitude
    29.3738447

    Nearby Similar for Sale

    • $479,000
      1,759 SF

      Remodeled Duplex Ready for Airbnb

      Remodeled duplex, fully furnished, ready for short term rentals.
      2028 W Woodlawn Ave, San Antonio, TX 78201
      View Details
    • $740,000
      3,550 SF

      Modern Duplex Near Alamodome

      Three-story duplex in Denver Heights, suitable for various uses.
      125 Dashiell St, San Antonio, TX 78203
      View Details
    • $319,000
      2,416 SF

      San Antonio Duplex in Los Angeles Heights

      Charming duplex in established neighborhood, close to downtown San Antonio.
      1438 W Ridgewood Ct, San Antonio, TX 78201
      View Details
    • New
      $870,000
      6,804 SF

      Monticello Park Multifamily Investment Opportunity

      Value-add multifamily property in a desirable San Antonio location.
      553 Club Dr, San Antonio, TX 78201
      View Details
    • $654,000
      3,854 SF

      San Antonio Fourplex Near Downtown

      Centrally located fourplex with strong rental potential.
      255 Natalen Ave, San Antonio, TX 78209
      View Details
    • $229,900
      Pending

      San Antonio Four-Unit Investment Opportunity

      Four-unit property with renovation potential in a high-demand San Antonio area.
      3818 Sherril Brook Rd, San Antonio, TX 78228
      View Details
    • $925,000
      4,976 SF

      Spacious Fourplex in San Antonio

      Four well-designed units on a generous one-acre lot.
      804-808-812-816 Ryan Xing, San Antonio, TX 78253
      View Details
    • $675,000
      2,797 SF

      Charming Triplex in Monte Vista

      Triplex in desirable Monte Vista near The Pearl and downtown.
      141 E Woodlawn Ave, San Antonio, TX 78212
      View Details
    • $505,990
      3,010 SF

      New Duplexes in Gated Community

      New duplexes in San Antonio with attractive financing options.
      12352 Montgomery Frst, San Antonio, TX 78252
      View Details
    • $985,000
      5,448 SF

      San Antonio Multifamily Investment Opportunity

      Gated community near Lackland AFB with modern, stylish units.
      8406 Via Pisa, San Antonio, TX 78227
      View Details
    • $575,000
      3,213 SF

      San Antonio Fourplex Near Downtown

      Four-unit property near downtown San Antonio with hotel conversion potential.
      215 Blanco Rd, San Antonio, TX 78212
      View Details
    • $320,000
      1,548 SF

      Renovated Duplex Investment Opportunity

      Turn-key duplex producing impressive rental returns near downtown San Antonio.
      5411 Jose Ln, San Antonio, TX 78227
      View Details

    FAQs

    What type of property is this?
    Commercial land - Cleared 0.62-acre commercial lot ready for redevelopment.
    Where is this commercial land located?
    The property is located at 118 New Laredo Hwy San Antonio, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime commercial lot on high-traffic New Laredo Highway (State Hwy 16).; - Excellent visibility and easy access to I-35 and Loop 410.; - .62-acre cleared lot ready for new construction.
    (210) 906-2666
    Request Owner's contact information
    118 New Laredo Hwy San Antonio, TX 78211
    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.
    118 New Laredo Hwy
    San Antonio, TX 78211
    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
    118 New Laredo Hwy San Antonio, TX 78211
    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
    (210) 906-2666
    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.