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

    4615 Walzem Rd San Antonio, TX 78218

    Sponsored
    For Lease
    $14 SF/Yr

    San Antonio Office Building - 12 Suites Available

    Lot size:
    49,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    412
    This three-story, 49,000-square-foot traditional office building, constructed in 1982, is located at 4615 Walzem Road, San Antonio, Texas, 78218, in Bexar County. The property offers multiple tenancy options with 12 available spaces ranging in size from 422 to 4,161 square feet. Its convenient location provides easy access to major transportation arteries, including Highway 281, Loop 410, and Interstate 35, placing it within a 10-minute drive of both San Antonio International Airport and the Central Business District. The surrounding area boasts a variety of retail and dining establishments, such as Olive Garden, Starbucks, Ross, and Office Depot, enhancing the convenience and appeal for tenants and employees. The building's single structure offers a cohesive and efficient workspace environment. This prime location and versatile space make it an ideal opportunity for businesses seeking a well-situated office in a thriving area of San Antonio. The property's proximity to major roadways ensures excellent accessibility for clients and employees.

    Property Features for 4615 Walzem Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    49,000 SF
    Total Rate
    57166.67

    Building Details

    Year Built
    1982
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 109
    Size
    663 SF
    Rate per SF
    $14
    Space
    Suite 101
    Size
    2,023 SF
    Rate per SF
    $14
    Space
    Suite 102
    Size
    422 SF
    Space
    Suite 100E
    Size
    4,161 SF
    Rate per SF
    $14
    Space
    Suite 204
    Size
    3,828 SF
    Rate per SF
    $14
    Space
    Suite 111
    Size
    1,364 SF
    Rate per SF
    $14
    Space
    Suite 100W
    Size
    4,031 SF
    Rate per SF
    $14
    Space
    Suite 200
    Size
    1,888 SF
    Rate per SF
    $14
    Space
    Suite 110
    Size
    1,675 SF
    Rate per SF
    $14
    Space
    Suite 213
    Size
    2,750 SF
    Rate per SF
    $14
    Space
    Suite 206
    Size
    1,600 SF
    Rate per SF
    $14
    Space
    Suite 203
    Size
    1,419 SF
    Rate per SF
    $14

    We can help!

    Listing Contact
    Gary Stephens
    Gary Stephens

    Learn more

    Property Insight Report

    HighLights

    • 49,000‑square‑foot, three‑story office building in San Antonio, TX.
    • Twelve available suites ranging from 422 to 4,161 square feet.
    • Excellent access to major highways (281, 410, I‑35), near the airport and CBD.
    • Surrounded by numerous retail and dining amenities.
    • Single‑building structure offering efficient workspace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Workforce Solutions Alamo ... Employment Center Staff Power Global Temp Agency FCE Benefit Administrators ... Insurance Agency Business Resource Center Business Management Consultant Workforce Commission Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -98.400329204871
    Latitude
    29.510884422655

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    FAQs

    What type of property is this?
    Office Property / Space - San Antonio Office Building - 12 Suites Available
    Where is this office property / space located?
    The property is located at 4615 Walzem Rd San Antonio, TX.
    What is the lease rate?
    The lease rate is $0.00-$14 SF/Yr.
    What are key features of this property?
    This property features: 49,000-square-foot, three-story office building in San Antonio, TX.; Twelve available suites ranging from 422 to 4,161 square feet.; Excellent access to major highways (281, 410, I-35), near the airport and CBD.
    Request Owner's contact information
    4615 Walzem Rd San Antonio, TX 78218
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    San Antonio, TX 78218
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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
    4615 Walzem Rd San Antonio, TX 78218
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    We can help!
    Listing Contact
    Gary Stephens
    Gary Stephens
    Real Estate License ID: TX
    Learn more
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