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    The Largest CRE Database in the US with Over 1 Million Listings

    8603 Crownhill Blvd San Antonio, TX 78209

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    For Sale
    Contact for pricing

    6,533 SF Executive Office Building, Texas

    Property size:
    6,533 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional 6,533-square-foot executive office building presents a compelling investment opportunity in San Antonio, Texas. Situated on a 0.42-acre lot, this two-story structure boasts classic mid-century architecture with enduring brick and tile finishes. The building is meticulously maintained, both inside and out, reflecting a commitment to quality and functionality. Ample surface parking surrounds the building, ensuring convenient access for employees and clients. Its strategic location offers unparalleled convenience, being just one block east of the high-traffic intersection of Loop 410 and Broadway, providing excellent visibility and accessibility. Furthermore, its proximity to San Antonio International Airport adds significant value for businesses requiring easy access to air travel. The property's size and features make it ideal for a variety of executive office uses, offering a blend of classic charm and modern practicality in a highly desirable location. The building's solid construction and well-maintained condition promise a low-maintenance investment with strong potential for future appreciation. This is a rare opportunity to acquire a well-positioned, high-quality office building in a thriving Texas market. The property is offered for sale and is ready for immediate occupancy.

    Property Features for 8603 Crownhill Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,533 SF
    Lot Size
    18,295 SF

    Building Details

    Stories
    2

    We can help!

    Listing Contact
    Phil Crane
    Phil Crane

    Learn more

    Property Insight Report

    HighLights

    • 6,533 SF office building
    • 0.42‑acre lot
    • Two‑story mid‑century building with brick and tile finishes
    • Well‑maintained interior and exterior with ample surface parking
    • Excellent location near San Antonio International Airport, one block east of the Loop 410/Broadway intersection
    Property Profile Location Intelligence

    Current Use by Public Records

    3 Brothers CBD Alternative Medicine Practitioner Cheryl Abel, LPC Counselor Martinez Counseling Services Counselor Cindy Constanzo LLC Speech Pathologist Adams Notary & Tax ... Tax Preparation Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4603965
    Latitude
    29.5144321

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    FAQs

    What type of property is this?
    Office Property / Space - 6,533 SF Executive Office Building, Texas
    Where is this office property / space located?
    The property is located at 8603 Crownhill Blvd San Antonio, TX.
    What are key features of this property?
    This property features: 6,533 SF office building; 0.42-acre lot; Two-story mid-century building with brick and tile finishes
    (210) 446-3655
    Request Owner's contact information
    8603 Crownhill Blvd San Antonio, TX 78209
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    San Antonio, TX 78209
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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
    8603 Crownhill Blvd San Antonio, TX 78209
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    We can help!
    Listing Contact
    Phil Crane
    Phil Crane
    Real Estate License ID: TX
    (210) 446-3655
    Learn more
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