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    8816 Lockway St San Antonio, TX 78217

    Sponsored
    For Lease
    $10 SF/Yr ($4,710 /Mo)

    San Antonio Office/Warehouse, 3 Suites Available

    Lot size:
    5,542 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional San Antonio property, located at 8816 Lockway Street, offers 5,542 square feet of versatile office, warehouse, and retail space. The single-story, 1978-built building underwent renovations in 2022, boasting a Class B rating. Three suites are currently available, ranging from 897 to 3,500 contiguous square feet, ideal for a variety of businesses. The property features a 10-foot ceiling height, six drive-ins, and ample parking. Its convenient location in the Northeast submarket provides easy access to IH 35 N/S and Loop 410 E/W, offering excellent connectivity to downtown and the airport. The 22,519 square foot lot is zoned I-1, allowing for diverse uses. The building's total suite count is five, with 3,500 square feet currently vacant. Property taxes are $3.09 per square foot. The building is situated on Lockway Street and Center Gate, offering excellent street frontage. The property includes two-phase power. This is a rare opportunity to secure flexible and well-located commercial space in a thriving San Antonio submarket. The minimum divisible space is 897 square feet. The APN is 624430.

    Property Features for 8816 Lockway St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,542 SF
    Class
    B
    Total Rate
    4710.7

    Building Details

    Year Built/Renovated
    1978/2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    8806 Lockway
    Size
    1,892 SF
    Rate per SF
    $10
    Space
    8802 Lockway
    Size
    1,613 SF
    Rate per SF
    $10
    Space
    8812 Lockway
    Size
    897 SF
    Rate per SF
    $10

    HighLights

    • Immediate occupancy available.
    • Ample on‑site parking.
    • Convenient access to IH‑35, Loop 410, and Wurzbach Parkway.
    • Combined office and warehouse space.
    • Competitive rental rates.
    • Flexible lease terms offered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Niche Custom Tinting Window Tinting Service Texan Glass & Solar ... Auto Glass Shop A1 Auto Glass ... Car Repair And Maintenance Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Comal
    State
    Texas
    Longitude
    -98.406548890807
    Latitude
    29.520286902254

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    FAQs

    What type of property is this?
    Office space - San Antonio Office/Warehouse, 3 Suites Available
    Where is this office space located?
    The property is located at 8816 Lockway St San Antonio, TX.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Immediate occupancy available.; Ample on-site parking.; Convenient access to IH-35, Loop 410, and Wurzbach Parkway.
    Request Owner's contact information
    8816 Lockway St San Antonio, TX 78217
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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
    8816 Lockway St San Antonio, TX 78217
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