Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in South San Antonio Title is generated by Realmo AI

    NEC of South Zarzamora & SW Military Dr, San Antonio, TX 78224

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    H-E-B anchored retail center with high visibility.

    Type:Retail
    Property size:
    3,500 SF
    Added:
    Nov 22, 2025
    Days on Market:
    194
    Last Refresh:
    May 20 at 12:46 am

    Property Features for NEC of South Zarzamora & SW Military Dr

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Price Onken

    Listing agent Price Onken

    Listing office CBRE | San Antonio

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | San Antonio

    HighLights

    • Anchored by H‑E‑B Plus!
    • Excellent access and exposure from S Zarzamora Street and SW Military Drive.
    • Located in south San Antonio.
    • Draws traffic from South Park Mall.
    • Suite I: 3,500 SF available.
    • Suite K: 2,940 SF available.

    Overview

    Southpark Village is a retail center anchored by H-E-B Plus!, offering access and exposure from S Zarzamora Street and SW Military Drive. The center is located in south San Antonio and is positioned to attract traffic from anchors at South Park Mall, situated directly across the street. The gross leasable area is approximately 79,000 square feet. Available spaces include Suite I with 3,500 square feet and Suite K with 2,940 square feet. NNN's are $6.81.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — H.E.B., 3323 E. Military S.E. Rd, 3323 SE Military Dr, San Antonio, TX 78223
    • Coin Cloud Bitcoin ATM — 3323 SE Military Dr, San Antonio, TX 78223
    • Mall Military Drive — 3142 SE Military Dr, San Antonio, TX 78223

    Map

    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.4227
    Latitude
    29.3535

    Nearby Similar for Lease

    • $785/Mo
      642 SF

      Renovated Office Suite For Lease

      Newly renovated 642 SF office suite with three private rooms.
      13300 Old Blanco Rd 301, San Antonio, TX 78216
      View Details
    • $129-$8,126/Mo
      11-1,292 SF

      TX, San Antonio - San Pedro Ave

      13750 San Pedro Ave, Unit 730, San Antonio, TX 78232
      View Details
    • $129-$4,582/Mo
      11-1,292 SF

      TX, San Antonio - NE Loop 410

      40 Loop 410, Unit 100, San Antonio, TX 78216
      View Details
    • $129-$7,666/Mo
      11-1,292 SF

      North Stone Oak

      18756 Stone Oak Pkwy, Unit 200, San Antonio, TX 78258
      View Details
    • Sponsored
      $129-$5,006/Mo
      11-1,292 SF

      TX, San Antonio - Soledad St

      454 Soledad St, Unit 3RD, San Antonio, TX 78203
      View Details
    • $129-$6,624/Mo
      11-1,292 SF

      Two Twin Oaks

      227 Loop 1604, Unit 150, San Antonio, TX 78232
      View Details
    • $129-$4,286/Mo
      11-1,292 SF

      Sonterra

      401 Sonterra Blvd, Unit 375, San Antonio, TX 78258
      View Details
    • $129-$9,991/Mo
      11-1,350 SF

      San Antonio Airport

      1777 Loop 410, Unit 600, San Antonio, TX 78217
      View Details
    • $129-$5,772/Mo
      11-1,292 SF

      Eilan

      17806 Ih 10, Unit 300, San Antonio, TX 78257
      View Details
    • $27 SF/Yr
      3,472 SF

      Premier Medical Complex in San Antonio

      Medical center with easy access, ample parking, and on-site management.
      9150 Huebner Road, San Antonio, TX 78240
      View Details
    • $3,200/Mo
      3,300 SF

      Flex Space Near Airport

      2500 SF flex space with warehouse and office.
      2422 Freedom Dr, San Antonio, TX
      View Details
    • $16 SF/Yr
      3,275 SF

      Serene Office Park Setting

      Office space in a well-located, highly visible office park.
      14855 Blanco Road, San Antonio, TX, 78216
      View Details

    FAQs

    What type of property is this?
    Shopping center - H-E-B anchored retail center with high visibility.
    Where is this shopping center located?
    The property is located at NEC of South Zarzamora & SW Military Dr San Antonio, TX.
    What are key features of this property?
    This property features: Anchored by H‑E‑B Plus!; Excellent access and exposure from S Zarzamora Street and SW Military Drive.; Located in south San Antonio.
    (210) 841-3243
    We can help!
    Listing Contact
    Price Onken
    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
    NEC of South Zarzamora & SW Military Dr, San Antonio, TX, 78224
    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!