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    903 Bitters Rd San Antonio, TX 78216-2347

    • Strip malls
    • 50,890 SF
    • 3.90 lot acres
    OFF-MARKET
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9329280
    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

    • Southern Leisure Spas & Patio - San Antonio / Hot Tub Store / Hot Tub Repair Service
    • Garza @ Clipperhead Barbershop / Barber Shop
    • Subway / Takeout Restaurant / Restaurant
    • COSMIC MAYHEM BLACK LIGHT MINI GOLF AND BAR / Video Arcade / Bar
    • San Antonio Shoe & Luggage Repair / Shoe Repair Shop / Boot Repair Shop

    Property Details for 903 Bitters Rd

    Year built
    1986
    Lot size
    3.90 lot acres
    Property size
    50,890 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    12060-000-0080
    APU
    120600000080

    Description

    Redondo Place, a Class A retail shopping center in San Antonio, Texas, offers exceptional opportunities for businesses seeking high-visibility locations. This 50,889 square foot property, situated at 903 E Bitters Rd, zip code 78216, features multiple tenancies with spaces ranging from 1,120 to 2,864 contiguous square feet. The center benefits from a prime location in North Central San Antonio, providing convenient access via Highway 281. Its strategic placement near major retailers such as Walgreens, Target, HEB, and Home Depot ensures high foot traffic and strong brand visibility. The property boasts ample parking for customer convenience. Currently, three spaces are available, making it an ideal location for a variety of retail businesses seeking to establish or expand their presence in a thriving commercial area. The center's strong tenant mix and convenient location contribute to a high-traffic environment, making it an attractive investment opportunity for businesses seeking a successful retail operation. The property's Class A designation reflects its high-quality construction and modern amenities. This is a rare opportunity to secure space in a well-established and highly sought-after shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4789
    Latitude
    29.5635
    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
    $166,422
    $1,484,230
    $5,765,770
    $7,250,000
    -
    $1,484,230
    $5,765,770
    $7,250,000

    Comparable in this City

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      $840,000
      31,519 SF

      7227 Blanco Rd

      SHOPPING CENTER, STRIP CENTER • 31,519 SF
      7227 Blanco Rd, San Antonio, TX 78216
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    • Value Estimation
      $790,000
      35,605 SF

      5525 Blanco Rd

      SHOPPING CENTER, STRIP CENTER • 35,605 SF
      5525 Blanco Rd, San Antonio, TX 78216-6679
      View Details
    • Value Estimation
      $445,000
      12,100 SF

      7107 Blanco Rd

      SHOPPING CENTER, STRIP CENTER • 12,100 SF
      7107 Blanco Rd, San Antonio, TX 78216-5022
      View Details
    • Value Estimation
      $370,000
      8,621 SF

      13111 San Pedro Ave

      SHOPPING CENTER, STRIP CENTER • 8,621 SF
      13111 San Pedro Ave, San Antonio, TX 78216-2022
      View Details
    • Value Estimation
      $685,000
      47,498 SF

      7325 San Pedro Ave

      SHOPPING CENTER, STRIP CENTER • 47,498 SF
      7325 San Pedro Ave, San Antonio, TX 78216-6225
      View Details
    • Value Estimation
      $605,000
      52,596 SF

      827 Rector St

      SHOPPING CENTER, STRIP CENTER • 52,596 SF
      827 Rector St, San Antonio, TX 78216-5903
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space on San Pedro

      1800 SF retail space on busy San Pedro Avenue.
      6646 San Pedro Ave, San Antonio, TX 78216
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      15,189 SF

      San Antonio Retail Investment Opportunity

      Single tenant net lease with corporate guarantee and strong operator.
      22811 Us Highway 281 S, San Antonio, TX 78216
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      Corner Lot Flex Building

      Corner lot building with office/retail and warehouse space.
      12153 Valliant 1-3, San Antonio, TX 78216
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    • $1,703,000

      Retail Property for Sale

      Retail property available for purchase in San Antonio, Texas.
      226 W Rector St, San Antonio, TX 78216
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    • Contact for pricing
      9,960 SF

      San Antonio Retail/Warehouse Flex Space

      9,960 SF retail/warehouse flex space near San Antonio Airport.
      10288 San Pedro Ave, San Antonio, TX 78216
      View Details
    • $395,000
      0.61 Acres

      Prime San Antonio Commercial Land

      0.61 Acres, Zoned CD, $395,000
      159 El Mio Dr, San Antonio, TX 78216
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      2,515 SF

      Retail Space at Blanco Junction

      47,144 SF shopping center at a well-known intersection.
      6983 Blanco Rd, San Antonio, TX 78216
      View Details
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      30,804 SF

      Northview Concourse Retail Center

      San Antonio Retail Space Available
      7105 San Pedro Ave, San Antonio, TX 78216
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      8,400 SF

      Retail Space Near San Antonio Airport

      Move-in ready retail spaces available near Highway 281.
      15026-15068 San Pedro Ave, San Antonio, TX 78216
      View Details
    • Contact for pricing
      1,495 SF

      Retail Space in High-Income Area

      Neighborhood shopping center in high-income area with retail and restaurant.
      300 W Bitters Rd, San Antonio, TX 78216
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Stone Oak

      Retail space in a high-traffic, well-located shopping center.
      20821 Us Highway 281 N, San Antonio, TX 78216
      View Details
    • Contact for pricing
      1,520 SF

      Westover Marketplace Retail Space

      Class A power center with available shop space.
      119 Loop 410 SW, San Antonio, TX 78216
      View Details
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    San Antonio, TX 78216-2347
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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
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