Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1818 San Pedro Ave San Antonio, TX 78212-3603

    • Commercial real estate
    • 4,302 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2024
    Value Estimations
    $440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4233883
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Guardian House / Mental Health Clinic / Family Service Center
    • Kimble Chiropractic Clinics / Chiropractor
    • Paola Garcia, M.S., LMFT-A / Mental Health Service
    • Shannon M. White, LPC / Counselor

    Property Details for 1818 San Pedro Ave

    Year built
    1957
    Lot size
    0.36 lot acres
    Property size
    4,302 SF
    Property type
    Commercial real estate
    APN
    01863-003-0010
    APU
    18630030010

    Description

    This exceptional three-story office building, located at 1818 San Pedro Ave in San Antonio, Texas (zip code 78212), offers 4,302 square feet of versatile space. The property, built in 1957, sits on a 0.36-acre corner lot with alley access, providing excellent visibility and convenience. The building features three suites, with a minimum divisible space of 700 square feet and a maximum contiguous space of 4,302 square feet, accommodating a variety of business needs. Currently, all 4,302 square feet are vacant, presenting a unique opportunity for a single tenant or multiple occupants. The building includes twelve parking spaces and is zoned C-2. While there are no elevators, ramp access is available. The location in a bustling downtown area offers high foot traffic and easy access, making it ideal for businesses seeking a vibrant and visible presence. Flexible lease terms ranging from one to ten years are available, with three to five-year terms considered ideal. The base rent is $1.50 per square foot, and the property accommodates various lease agreements, including NNN and FSG. The existing playground area offers potential for conversion into additional parking or outdoor entertainment space. This property is perfect for a range of professional services, including legal, financial, medical, educational, or creative offices.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $431,000
      Market price range: $309k - $971k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.499
    Latitude
    29.4517
    CBSA code
    41700
    CBSA name
    SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,143
    $371,070
    $158,930
    $530,000
    -
    $371,070
    $158,930
    $530,000

    Comparable in this City

    • Value Estimation
      $65,000
      8.85 Acres

      715 Stadium Dr

      COMMERCIAL (GENERAL) • 8.85 Acres
      715 Stadium Dr, San Antonio, TX 78212-7201
      View Details
    • Value Estimation
      $280,000
      2.93 Acres

      621 Euclid Ave

      COMMERCIAL (GENERAL) • 2.93 Acres
      621 Euclid Ave, San Antonio, TX 78212-5128
      View Details
    • Value Estimation
      $285,000
      0.94 Acres

      217 Howard St

      COMMERCIAL (GENERAL) • 0.94 Acres
      217 Howard St, San Antonio, TX 78212-5524
      View Details
    • Value Estimation
      $285,000
      0.55 Acres

      403 Mulberry Ave

      COMMERCIAL (GENERAL) • 0.55 Acres
      403 Mulberry Ave, San Antonio, TX 78212-5322
      View Details
    • Value Estimation
      $315,000
      0.96 Acres

      106 Oakmont Ct

      COMMERCIAL (GENERAL) • 0.96 Acres
      106 Oakmont Ct, San Antonio, TX 78212-5336
      View Details
    • Value Estimation
      $275,000
      0.06 Acres

      428 Odell St

      COMMERCIAL (GENERAL) • 0.06 Acres
      428 Odell St, San Antonio, TX 78212-1855
      View Details

    Similar Nearby for Sale

    • $72,000
      80.00 Acres

      80-Acre Commercial Land in Texas

      Prime Texas Commercial Land - $72,000
      0 None, San Antonio, TX 78212
      View Details
    • $139,999
      0.25 Acres

      San Antonio Vacant Residential Lot

      Vacant lot near The Quarry, Zoo, and Downtown.
      5310 Howard St, San Antonio, TX 78212
      View Details
    • $974,000
      5,632 SF

      San Antonio Multifamily Investment Opportunity

      Eight-unit multifamily property in Monte Vista, San Antonio.
      331 W Mistletoe Ave, San Antonio, TX 78212
      View Details
    • $399,000
      2,592 SF

      San Antonio Duplex in Alta Vista

      Charming duplex in the heart of San Antonio's Alta Vista.
      415 W Hollywood Ave, San Antonio, TX 78212
      View Details
    • $319,000
      2,667 SF

      San Antonio Multi-Unit Investment Property

      Multi-unit property near universities and downtown San Antonio.
      432 Fulton Ave, San Antonio, TX 78212
      View Details
    • $499,000
      1,872 SF

      San Antonio Duplex: Historic Charm

      Well-maintained 1920s duplex in Monte Vista neighborhood.
      210 E Lullwood Ave, San Antonio, TX 78212
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,124 SF

      Midtown Station: San Antonio Office Space

      Prime Medical/Commercial Space in San Antonio
      914 Elmira St, San Antonio, TX 78212
      View Details
    • Contact for pricing
      10,694 SF

      San Antonio Flex Warehouse Space

      10,694 SF Flex Space, Prime Location
      600 San Pedro Ave, San Antonio, TX 78212
      View Details
    • $18 SF/Yr
      8,427 SF

      Prime San Antonio Executive Office Space

      8,427 SF Available, Excellent Location
      1700 Main Ave, San Antonio, TX 78212
      View Details
    • Contact for pricing
      1,323 SF

      Office Building Near Brackenridge Park

      Office building near Hwy 281, close to amenities and recreation.
      3510 N Saint Marys St, San Antonio, TX 78212
      View Details
    • Contact for pricing
      1,000 SF

      Renovated Retail Space on Blanco

      Recently renovated 1,000 SF retail space on high-traffic corner.
      319 Blanco Rd, San Antonio, TX 78212
      View Details
    • Contact for pricing
      2,580 SF

      Office Space on Olmos Drive

      Office space available for lease, totaling 2,580 square feet.
      247 W Olmos Dr, San Antonio, TX 78212
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1818 San Pedro Ave
    San Antonio, TX 78212-3603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.