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    San Pedro Avenue Investment Opportunity Title is generated by Realmo AI

    234 San Pedro Avenue, San Antonio, TX 78205

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    For Sale
    $230,000

    Renewed urban location, convenient access, and redevelopment potential.

    Type:SCR-COM, OFC-RET
    Added:
    May 6, 2024
    Days on Market:
    755
    Last Refresh:
    Apr 3 at 5:04 am

    Property Features for 234 San Pedro Avenue

    General Information

    Standard status
    Active
    Property subtype
    SCR-COM, OFC-RET

    We can help!

    Listing Contact
    Timothy Warlow
    Timothy Warlow

    Listing agent Timothy Warlow

    Listing office KW Commercial City View

    Listing date May 6, 2024

    Source Realnex

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

    All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial City View

    HighLights

    • Strategic location in a renewed urban area with high visibility and accessibility.
    • Excellent connectivity to major highways (IH‑35, IH‑10, HWY 281) and proximity to the airport (11‑minute drive).
    • Zoning (C‑3NA) allows for a multitude of commercial uses, including redevelopment to Quick Service Restaurant.
    • Currently operating as a medical office, offering a turnkey solution or leasing opportunity.
    • Close proximity to the Pearl District and downtown amenities.
    • Ample parking with 30 spaces available.

    Overview

    Located in a renewed urban area, 234 San Pedro Avenue presents a strategic investment opportunity with convenience and visibility. The property is situated approximately 11 minutes by car from the airport and offers access to IH-35, IH-10, and HWY 281. It is located near the Pearl District and downtown amenities. The property includes 30 parking spaces. Zoned "C-3NA" General Commercial Nonalcoholic Sales District, the property allows for a multitude of uses. Currently operating as a medical office, it presents a turnkey solution or leasing opportunity. The property is suitable for redevelopment to a Quick Service Restaurant and has additional space for ground up development.
    Property Profile Location Intelligence

    Current Use by Public Records

    San Pedro Women's ... Medical Clinic Ramakrishnarao Veerakaputr MD Physician Dr. Rama K. ... Physician Laser Aesthetics Medical Clinic

    Suggested Use

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

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

    Similar Places Nearby

    • Spay Neuter Clinic — 521 McCullough Ave, San Antonio, TX 78215
    • Heaven 4ur Pet TX — 317 lexington ave #10, san antonio, tx 78215
    • Saint Antonio Veterinarian Care — 719 augusta st, san antonio, tx 78215

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.4955274
    Latitude
    29.4358245

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    FAQs

    What type of property is this?
    Medical Office Space - Renewed urban location, convenient access, and redevelopment potential.
    Where is this medical office space located?
    The property is located at 234 San Pedro Avenue San Antonio, TX.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Strategic location in a renewed urban area with high visibility and accessibility.; Excellent connectivity to major highways (IH‑35, IH‑10, HWY 281) and proximity to the airport (11‑minute drive).; Zoning (C‑3NA) allows for a multitude of commercial uses, including redevelopment to Quick Service Restaurant.
    (210) 818-9457
    We can help!
    Listing Contact
    Timothy Warlow
    Timothy Warlow
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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.

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