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    17703 La Cantera Pkwy San Antonio, TX 78257

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    For Lease
    Contact for pricing

    San Antonio Retail Center - Multiple Spaces Available

    Lot size:
    1,211,551 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    425
    The Rim Shopping Center, located at 17703 La Cantera Pkwy in San Antonio, Texas, presents a unique opportunity for retail businesses seeking high-visibility space in the desirable La Cantera submarket of Bexar County. This established shopping center boasts a total of 1,211,551 square feet and currently offers three available suites, ranging from a minimum of 3,330 square feet to a maximum contiguous space of 26,533 square feet. The property's strategic location provides excellent access via Interstate 10, ensuring high traffic volume and convenient access for customers. With a total of three suites within the center, this presents a chance to establish a significant presence in a thriving retail environment. Currently, 43,863 square feet are vacant, offering flexibility for businesses of various sizes. The property is classified as a retail shopping center with restaurant capabilities, making it ideal for a diverse range of tenants. This prime location in the La Cantera submarket of San Antonio, TX, zip code 78257, offers unparalleled exposure and accessibility, making it an exceptional investment opportunity for discerning businesses. The property's size and layout provide ample space for expansion and customization, catering to the specific needs of prospective tenants. Interested parties are encouraged to inquire about lease terms and availability.

    Property Features for 17703 La Cantera Pkwy

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,211,551 SF

    Spaces For Lease

    at 17703 La Cantera Pkwy, San Antonio, TX 78257 Contact us

    We can help!

    Listing Contact
    Pat Kelly

    Learn more

    HighLights

    • The Rim Shopping Center, San Antonio, TX offers 43,863 SF of available retail space in three suites ranging from 3,330 SF to 26,533 SF.
    • Located in the desirable La Cantera submarket of Northwest San Antonio, this premier shopping center boasts over 1.2 million square feet of retail space.
    • The property enjoys high visibility and accessibility via I‑10, surrounded by corporate headquarters, entertainment, and educational institutions.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Rim Shopping Center & Mall Kalman Web Design Marketing & Advertising The RIM Management Office Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5971513
    Latitude
    29.6099027

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    FAQs

    What type of property is this?
    Lifestyle center - San Antonio Retail Center - Multiple Spaces Available
    Where is this lifestyle center located?
    The property is located at 17703 La Cantera Pkwy San Antonio, TX.
    What are key features of this property?
    This property features: The Rim Shopping Center, San Antonio, TX offers 43,863 SF of available retail space in three suites ranging from 3,330 SF to 26,533 SF.; Located in the desirable La Cantera submarket of Northwest San Antonio, this premier shopping center boasts over 1.2 million square feet of retail space.; The property enjoys high visibility and accessibility via I-10, surrounded by corporate headquarters, entertainment, and educational institutions.
    Request Owner's contact information
    17703 La Cantera Pkwy San Antonio, TX 78257
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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
    17703 La Cantera Pkwy San Antonio, TX 78257
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