Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Farm To Market Rd 1516 Converse, TX 78109

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.6 AC corner lot ideal for retail development.

    Type:Land
    Lot size:
    0.60 Acres
    Added:
    Sep 6, 2022
    Days on Market:
    1337
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for Farm To Market Rd 1516

    General Information

    Standard status
    Active
    Lot size
    0.60 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Kim Ghez

    Listing agent Kim Ghez License #806664

    Listing office DH Realty Partners San Antonio

    Listing date Sep 6, 2022

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of DH Realty Partners San Antonio

    Overview

    Corner Lot FM 1516

    This \u00b1 0.6 AC lot is located at the northeast corner of the intersection of S. Seguin (FM 1516) and FM 1976. It is suitable for a freestanding dry cleaner, a small retail center with a QSR end cap, or a mini mart.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Converse
    County
    Bexar
    State
    Texas
    Longitude
    -98.277
    Latitude
    29.5102

    Nearby Similar for Sale

    • $999,999
      604,307 SF

      Prime I-10 Frontage Land

      13.873 AC commercial land with I-10 frontage in Converse, TX.
      8059 E Interstate 10, Converse, TX 78109
      View Details
    • $509,000
      4,352 SF

      Converse, TX Fourplex Investment

      Fourplex in Converse, TX with steady occupancy and long-term leases.
      810 STATION ST, Converse, TX 78109
      View Details
    • $39,500
      7,100 SF

      Residential Land in Converse, TX

      0.163 acre lot in established neighborhood, convenient location.
      8907 Drowsey, Converse, TX 78109
      View Details
    • $475,000
      2,522 SF

      Almost New Duplex Near AFB

      Recently renovated duplex near Randolph AFB with income potential.
      7536 Misty Ridge Road, Converse, TX 78109
      View Details
    • $59,900

      Residential Lot in Converse, TX

      Residential lot in Converse, TX, near Randolph AFB.
      503 TOEPPERWEIN RD, Converse, TX 78109
      View Details
    • $800,000

      Prime Commercial Lot on FM 78

      2.03-acre commercial lot in a high-growth area.
      7721 FM78, Converse, TX 78109
      View Details
    • $510,000
      2,702 SF

      Income-Producing Duplex in Growing Converse

      Fully leased duplex with income potential and flexible living options.
      9216 Canyon Bend, Converse, TX 78109
      View Details
    • $62,960

      Residential Lot in Converse, TX

      Residential lot in Meadow Ridge subdivision, ready for your dream home.
      813 Toepperwein, Converse, TX 78109
      View Details
    • $63,470

      Residential Lot in Converse, TX

      Residential lot in Meadow Ridge, ready for your dream home.
      809 Toepperwein, Converse, TX 78109
      View Details
    • $63,660

      Residential Lot in Converse, TX

      Residential lot in Meadow Ridge subdivision, ready for your dream home.
      807 Toepperwein, Converse, TX 78109
      View Details
    • $63,350

      Residential Lot in Converse, TX

      Residential lot in Meadow Ridge subdivision, ready for your dream home.
      811 Toepperwein, Converse, TX 78109
      View Details
    • $59,900

      Residential Lot in Converse, TX

      Residential lot in Converse, TX, near Randolph AFB.
      503 Toepperwein Road lot: 8, Converse, TX 78109
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.6 AC corner lot ideal for retail development.
    Where is this commercial land located?
    The property is located at Farm To Market Rd 1516 Converse, TX.
    What are key features of this property?
    This property features: ± 0.6 AC lot at the intersection of S. Seguin (FM 1516) and FM 1976.; Ideal for freestanding dry cleaner.; Suitable for small retail center with **QSR end cap**.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kim Ghez
    Real Estate License ID: 806664
    Learn More
    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.
    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

    Thank You for Inquiry

    Farm To Market Rd 1516, Converse, TX 78109

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!