Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8523 Blanco Rd San Antonio, TX 78213

    • Lifestyle centers
    • 86,194 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Valley View Shopping Center / Shopping Center & Mall
    • Oak Ridge Community Link Services / Services

    Property Details for 8523 Blanco Rd

    Property size
    86,194 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Valley View Shopping Center, a prime 86,194-square-foot retail property in San Antonio, Texas, presents a compelling value-add investment opportunity. Located at the southwest corner of Blanco Road and West Avenue, this multi-tenant shopping center boasts a 100% occupancy rate and benefits from its high-traffic location, seeing over 41,000 vehicles daily. The center enjoys a strong anchor presence with Marshalls/HomeGoods (over 41 years of tenure) and Dollar Tree (23 years of tenure), complemented by a diverse mix of food and beverage, service, and medical tenants. This synergistic tenant roster, largely comprised of discount and off-price retailers, caters effectively to the needs of the affluent, established residential community. The property's strategic placement adjacent to a high-volume HEB grocery store further enhances its appeal, leveraging the significant consumer traffic generated by this anchor. The existing lease portfolio demonstrates exceptional stability, with tenants averaging 22 years of tenure and a weighted average lease term (WALT) of 4 years. Since 2017, the center has maintained an average occupancy rate of 96%. This investment offers an attractive basis with replaceable rents averaging $17.97 per square foot (PSF), and a compelling growth trajectory, evidenced by a 3.6% compound annual growth rate (CAGR) driven by rent increases and market adjustments. The property's established income stream, coupled with its significant upside potential, makes it an exceptional addition to any portfolio. The property is a triple net (NNN) lease structure. Located in Bexar County, Texas, with the address 8523 Blanco Rd, San Antonio, TX 78213.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5091
    Latitude
    29.5452

    Comparable in this City

    • Value Estimation by Request
      33,360 SF

      8055 West Ave

      Neighborhood centers • 33,360 SF
      8055 West Ave, Castle Hills, TX 78213
      View Details
    • Value Estimation
      $535,000
      12,040 SF

      1973 Loop 410

      MINI-MALL • 12,040 SF
      1973 Loop 410, Castle Hills, TX 78213-2222
      View Details
    • Value Estimation
      $545,000
      11,601 SF

      5129 Ww Ave

      SHOPPING CENTER, STRIP CENTER • 11,601 SF
      5129 Ww Ave, San Antonio, TX 78213-2731
      View Details
    • Value Estimation
      $3,020,000
      97,334 SF

      2211 Military Hwy

      SHOPPING CENTER, STRIP CENTER • 97,334 SF
      2211 Military Hwy, Castle Hills, TX 78213-1859
      View Details
    • Value Estimation
      $500,000
      10,701 SF

      3122 Ww Ave

      SHOPPING CENTER, STRIP CENTER • 10,701 SF
      3122 Ww Ave, San Antonio, TX 78213-4534
      View Details
    • Value Estimation
      $695,000
      20,838 SF

      3303 Ww Ave

      SHOPPING CENTER, STRIP CENTER • 20,838 SF
      3303 Ww Ave, San Antonio, TX 78213-4538
      View Details

    Similar Nearby for Sale

    • $7,000,000
      48,159 SF

      San Antonio Shopping Center For Sale

      Shopping center in Castle Hills area of San Antonio, Texas.
      2267 NW Military Hwy, San Antonio, TX 78213
      View Details
    • Contact for pricing

      Well-Maintained Home with Workshop

      Move-in ready San Antonio home with flexible living spaces.
      359 Pilgrim Dr, San Antonio, TX 78213
      View Details
    • Contact for pricing

      First-Floor Condo with Patio

      Comfortable condo with updated AC, private patio, and community amenities.
      11843 Braesview 1807, San Antonio, TX 78213
      View Details
    • Contact for pricing

      First-Floor Condo with Updates

      Condo with updated bathroom and convenient access to amenities.
      11843 Braesview 1405, San Antonio, TX 78213
      View Details
    • Contact for pricing

      Castle Hills Specialty Property

      Specialty property for sale in Castle Hills, Texas.
      602 Antler Cir, San Antonio, TX 78213
      View Details
    • Contact for pricing

      Savannah Drive Specialty Property

      Specialty property available for sale in San Antonio, Texas.
      131 Savannah Dr, San Antonio, TX 78213
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,174 SF

      San Antonio Retail Spaces Available

      Multiple retail spaces, high visibility location.
      2120 Jackson Keller Rd, San Antonio, TX 78213
      View Details
    • Contact for pricing
      27,519 SF

      Churchill West Retail Space

      San Antonio retail center, 5,370 SF available
      1031 Patricia Dr, San Antonio, TX 78213
      View Details
    • Contact for pricing
      21,645 SF

      Dellview Market Place: Retail & Office

      Vance Jackson Rd: Flexible Spaces Available
      1503 Vance Jackson Rd, San Antonio, TX 78213
      View Details
    • Contact for pricing
      29,588 SF

      West Plaza Retail Space Available

      San Antonio retail space, 3 units, 3,002 SF max.
      3601 West Ave, San Antonio, TX 78213
      View Details
    • Contact for pricing
      97,682 SF

      Castle Hills Market Retail Space

      San Antonio Shopping Center: 3 Suites Available
      2211 Military Hwy, Castle Hills, TX 78213
      View Details
    • Contact for pricing
      97,682 SF

      Castle Hills Market Retail Space

      Prime San Antonio Retail Center, Multiple Suites Available
      2211 Military Hwy, Castle Hills, TX 78213
      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.
    8523 Blanco Rd
    San Antonio, TX 78213
    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

    Google sign-in failed. Please try again or use another login method.