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

    1207 Jackson Keller Rd San Antonio, TX 78213

    Sponsored
    For Sale
    $2,200,000

    5.62 Acres, Prime San Antonio Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    This exceptional 5.62-acre lot presents a remarkable multifamily development opportunity in San Antonio's desirable Castle Hill neighborhood. Located on Jackson Keller Rd, in Bexar County, zip code 78213, this commercially zoned (Commercial-MF) property boasts a strategic location near Legacy (Lee) High School and adjacent to a senior living facility, ensuring high demand from a diverse resident base, including families and retirees. The lot allows for a versatile design, perfect for a mixed-use residential project, such as duplexes and low-rise apartments. With a 33% lot coverage cap, developers can create a balanced mix of structures and green spaces, enhancing the resident experience. The property currently includes two existing buildings, one of which is a durable metal structure that could potentially be repurposed to reduce development costs and expedite the timeline. This property offers significant potential for creating a thriving community in a sought-after area of San Antonio. The asking price is $2,200,000. This is a rare opportunity to capitalize on the strong demand for housing in this established neighborhood. The property's proximity to top-rated schools and senior living facilities guarantees a built-in market for the development. Don't miss this chance to build a successful multifamily project in a prime San Antonio location.

    Property Features for 1207 Jackson Keller Rd

    General Information

    Property type
    Land
    Lot Size
    244,807 SF

    We can help!

    Listing Contact
    Cesar Villarreal
    Cesar Villarreal

    Learn more

    HighLights

    • Excellent location near top‑rated schools and senior living facilities.
    • Zoned for duplexes and low‑rise apartments, ideal for mixed‑use development.
    • 33% lot coverage allows for a balanced mix of buildings and open space in a duplex/apartment development.
    • Ample green space and amenities planned for enhanced resident experience.
    • Two existing buildings on‑site, potentially repurposable to reduce demolition costs.
    • Prime San Antonio location offers strong potential for a thriving residential community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gemstone Senior Living ... Nursing Home

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.51143676
    Latitude
    29.50549407

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    FAQs

    What type of property is this?
    Land - 5.62 Acres, Prime San Antonio Location
    Where is this land located?
    The property is located at 1207 Jackson Keller Rd San Antonio, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Excellent location near top-rated schools and senior living facilities.; Zoned for duplexes and low-rise apartments, ideal for mixed-use development.; 33% lot coverage allows for a balanced mix of buildings and open space in a duplex/apartment development.
    (512) 277-9537
    Request Owner's contact information
    1207 Jackson Keller Rd San Antonio, TX 78213
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    San Antonio, TX 78213
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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
    1207 Jackson Keller Rd San Antonio, TX 78213
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    We can help!
    Listing Contact
    Cesar Villarreal
    Cesar Villarreal
    Real Estate License ID: 615931
    (512) 277-9537
    Learn more
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