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    Commercial Building with Car Wash Title is generated by Realmo AI

    166 N Loop 1604 E, San Antonio, TX 78232

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    Lucrative commercial building and car wash business in prime location.

    Type:Mixed Use, Office, Retail, Special Purpose
    Property size:
    29,205 SF
    Price / SF:
    $33/SF
    Added:
    Mar 4, 2024
    Days on Market:
    820
    Last Refresh:
    May 12 at 9:50 pm

    Property Features for 166 N Loop 1604 E

    General Information

    Standard status
    Active
    Size
    29,205 SF
    Property subtype
    Mixed Use, Office, Retail, Special Purpose

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Seth Prescott
    Seth Prescott

    Listing agent Seth Prescott License #481760

    Listing office eXp Commercial, LLC

    Listing date Mar 4, 2024

    Source Crexi

    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 eXp Commercial, LLC

    HighLights

    • Immediate income potential: established income‑generating property and thriving car wash business.
    • Strategic location: High‑traffic area of Hollywood Park and Stone Oak with direct access to 1604.
    • Lucrative commercial building: 22,480 sq. ft. of versatile space for diverse business rental income.
    • Attractive ground lease terms: Benefit from a desirable location with financial advantages.
    • Business sale opportunity: The car wash business is available as a separate part of the sale.
    • Easy accessibility: Convenient access to Stone Oak, Hollywood Park, and all of San Antonio.

    Overview

    This 22,480 sq. ft. commercial building, paired with a thriving car wash business, is situated on a strategic ground lease in Hollywood Park. The property offers immediate revenue potential in a prime location, designed for investors seeking a robust entry into or expansion within the commercial market. The assets currently reside on a ground lease. The location provides direct access to 1604 and Stone Oak Parkway, with accessibility to Stone Oak, Hollywood Park, and all of San Antonio. The property is located in a high-traffic area of Hollywood Park and Stone Oak right at 1604 and Voigt Dr., maximizing exposure and accessibility. The versatile commercial space can accommodate a wide range of tenants for diverse business rental income. The car wash business is available as a separate part of the sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Car Wash Company Car Wash Alamo City Auto ... Car Wash Avis Car Rental Car Rental Facility Stain Concepts Construction Company North Star Barber ... Barber Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.493564
    Latitude
    29.607591

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    FAQs

    What type of property is this?
    Mixed-use property - Lucrative commercial building and car wash business in prime location.
    Where is this mixed-use property located?
    The property is located at 166 N Loop 1604 E San Antonio, TX.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Immediate income potential: established income‑generating property and thriving car wash business.; Strategic location: High‑traffic area of Hollywood Park and Stone Oak with direct access to 1604.; Lucrative commercial building: 22,480 sq. ft. of versatile space for diverse business rental income.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Seth Prescott
    Seth Prescott
    Real Estate License ID: 481760
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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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