Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20935 Hwy 281 San Antonio, TX 78258
    Back to Search
    Property profile & analytics

    20935 Hwy 281 San Antonio, TX 78258

    View on Map
    • Retail properties & Spaces
    • 218,454 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 20935 Hwy 281

    Property size
    218,454 SF
    Property type
    Retail properties & Spaces

    Description

    Stone Ridge Market, located at 20935 U.S. Hwy 281 N in San Antonio, Texas (zip code 78258), offers exceptional retail space within a thriving master-planned community. This multiple-tenancy commercial property boasts a total of 218,454 square feet, with 9,600 square feet currently vacant and available for lease. Spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 4,000 square feet, providing flexibility for various retail businesses. The center enjoys a prime location on US-281, a major thoroughfare with traffic counts exceeding 89,000 vehicles per day, ensuring high visibility and accessibility. Stone Ridge Market benefits from its proximity to affluent residential neighborhoods in the Stone Oak community, a rapidly growing area with ongoing residential and commercial development. The center is shadow-anchored by a prominent H-E-B Plus!, and its strong tenant mix includes well-established businesses such as PetSmart, Half Price Books, Burlington Coat Factory, Advance Auto Parts, and Phenix Salon Suites. This location presents a unique opportunity for businesses seeking high-traffic exposure in a desirable and expanding market within Bexar County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4575
    Latitude
    29.6413

    Comparable in this City

    • Value Estimation by Request
      41,818 SF

      281 & Wilderness Oak

      Restaurants • 41,818 SF
      281 & Wilderness Oak, San Antonio, TX 78258
      View Details
    • Value Estimation by Request
      4.05 Acres

      21891 Us-281

      Land • 58,750 SF
      21891 Us-281, San Antonio, TX 78258
      View Details
    • Value Estimation by Request
      20,130 SF

      24815 Us-281

      Retail properties & Spaces • 20,130 SF
      24815 Us-281, San Antonio, TX 78258
      View Details
    • Value Estimation by Request

      24272 Wilderness Oak

      Retail properties & Spaces
      24272 Wilderness Oak, San Antonio, TX 78258
      View Details
    • Value Estimation by Request
      4.78 Acres

      19480 Blanco Rd

      Multifamily properties • 4.78 Acres
      19480 Blanco Rd, San Antonio, TX 78258
      View Details
    • Value Estimation by Request
      22,965 SF

      835-845 Proton Rd

      Medical Office Space • 22,965 SF
      835-845 Proton Rd, San Antonio, TX 78258
      View Details

    Similar Nearby for Sale

    • $3,600,000

      Retail Property on Stone Oak

      Retail property for sale located on Stone Oak Parkway.
      20122 Stone Oak Pkwy, San Antonio, TX 78258
      View Details
    • Contact for pricing
      176,418 SF

      4.14 Acres Commercial Land

      4.14 acres of commercial land available for sale.
      21891 Us Highway 281, San Antonio, TX 78258
      View Details
    • Contact for pricing
      2,602 SF

      Retail Space in Tuscan-Style Center

      Retail space available in mixed-use development in affluent area.
      18236 Tuscany Stone, San Antonio, TX 78258
      View Details
    • Contact for pricing

      Land on Highway 281 South

      2.73 acres suitable for truck stop, retail, or industrial.
      20275 U.S Us Highway 281 S, San Antonio, TX 78258
      View Details
    • $3,600,000
      6,600 SF

      Stone Oak Retail Center For Sale

      6,600 SF three-tenant retail center in Stone Oak area.
      20122 Stone Oak Pkwy, San Antonio, TX 78258
      View Details
    • Contact for pricing
      3,190 SF

      Encino Park Retail/Office Building

      3,190 SF retail/office building with drive-thru on US Hwy 281.
      20710 U.S Us Highway 281 N, San Antonio, TX 78258
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      57,673 SF

      Stone Oak Retail Space Available

      Prime retail space available in San Antonio, TX.
      20135 Stone Oak Pkwy, San Antonio, TX 78258
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in San Antonio, Texas.
      19179 Blanco Rd, San Antonio, TX 78258
      View Details
    • Contact for pricing

      Retail Space in Stone Oak

      High-impact retail development in the heart of Stone Oak.
      23503 Hardy Oak Blvd, San Antonio, TX 78258
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Blanco Road

      Retail space available for lease on Blanco Road.
      18360 Blanco Rd, San Antonio, TX 78258
      View Details
    • Contact for pricing
      21,661 SF

      Retail Spaces Available for Lease

      Multiple retail spaces and pad sites available for lease.
      Nwc Of Loop 1604 & Blanco Rd, San Antonio, TX 78258
      View Details
    • Contact for pricing
      4,300 SF

      Retail Space in Stone Oak

      Retail space available in a power center with national tenants.
      22802 Us Highway 281, San Antonio, TX 78258
      View Details
    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.
    20935 Hwy 281
    San Antonio, TX 78258
    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
    20935 Hwy 281, San Antonio, TX, 78258
    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!