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    903-1051 Nakoma Dr San Antonio, TX 78216

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    903-1051 Nakoma Dr San Antonio, TX 78216

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    • Warehouses
    • 77,248 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 903-1051 Nakoma Dr

    Year built
    1985
    Property size
    77,248 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    East Nakoma Business Park offers 77,248 square feet of warehouse and distribution space for lease in Bexar County, Texas. This multi-tenant property comprises six buildings, each offering flexible layouts ideal for various business needs. The property features grade-level loading, a significant advantage for efficient operations. Units range from a minimum of 3,825 square feet to a maximum contiguous space of 14,364 square feet, with 18,189 square feet currently vacant. Building heights vary from 10 to 18 feet, providing ample vertical space. Constructed in 1985, the buildings are strategically located with frontage on East Nakoma Drive, offering convenient access to major transportation arteries. The park enjoys a central location near West Avenue, Jones Maltsberger Road, and San Antonio International Airport, providing easy access to Highway 281 and Loop 410, ensuring seamless connectivity throughout the city. The high traffic count of 24,575 vehicles per day on East Nakoma Drive further enhances the property's visibility and accessibility. The property is a two-story structure.

    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
    -98.4794
    Latitude
    29.5457

    Comparable in this City

    • Value Estimation by Request
      25,441 SF

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    • Value Estimation by Request
      8,952 SF

      435 Nakoma Dr

      Distribution properties • 8,952 SF
      435 Nakoma Dr, San Antonio, TX 78216
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    • Value Estimation by Request

      6127 San Pedro Ave

      Distribution properties
      6127 San Pedro Ave, San Antonio, TX 78216
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    • Value Estimation
      $2,165,000
      95,000 SF

      1050 Arion Pkwy

      DISTRIBUTION WAREHOUSE • 95,000 SF
      1050 Arion Pkwy, San Antonio, TX 78216-2854
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    • Value Estimation
      $2,345,000
      39,890 SF

      151 Interpark Blvd

      DISTRIBUTION WAREHOUSE • 39,890 SF
      151 Interpark Blvd, San Antonio, TX 78216-1841
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    • Value Estimation
      $735,000
      14,582 SF

      6510 Blanco Rd

      DISTRIBUTION WAREHOUSE • 14,582 SF
      6510 Blanco Rd, San Antonio, TX 78216-6614
      View Details

    Similar Nearby for Sale

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      3,030 SF

      Industrial Flex Space For Sale

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      16,495 SF

      Industrial Warehouse Space Available

      16,495 SF warehouse space for sale.
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      4,000 SF

      San Antonio Warehouse and Office

      Flexible warehouse and office space in North Central San Antonio.
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      17,283 SF

      San Antonio Office/Warehouse Opportunity

      17,283 SF multi-tenant industrial property near San Antonio Airport.
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      10,505 SF

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      10,505 SF flex building near South Texas Medical Center.
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      9,960 SF

      San Antonio Retail/Warehouse Flex Space

      9,960 SF retail/warehouse flex space near San Antonio Airport.
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    Similar Nearby for Lease

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      639,595 SF

      San Antonio Warehouse Space Available

      Large industrial warehouse space available for lease in San Antonio.
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    • $12 SF/Yr
      12,321 SF

      San Antonio Warehouse Space Available

      12,132 SF warehouse space with multiple loading docks.
      6127 San Pedro Ave, San Antonio, TX 78216
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    • Contact for pricing
      51,341 SF

      Versatile San Antonio Commercial Space

      Adaptable property featuring warehouse, retail, and office spaces for lease.
      10130 Jones Maltsberger Rd, San Antonio, TX 78216
      View Details
    • Contact for pricing
      131,290 SF

      San Antonio Warehouse Space Available

      131,290 square feet of warehouse space for lease.
      118 Interpark Blvd, San Antonio, TX 78216
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    • $13 SF/Yr
      1,777 SF

      Warehouse Space Near Airport

      Warehouse space with grade level loading near San Antonio Airport.
      408-414 West Nakoma Dr, San Antonio, TX 78216
      View Details
    • $15 SF/Yr
      6,148 SF

      Office/Warehouse Inside Loop 410

      Office and warehouse space with fenced yard near San Pedro.
      130 Ave Del Rey, San Antonio, TX 78216
      View Details
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    San Antonio, TX 78216
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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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    903-1051 Nakoma Dr, San Antonio, TX, 78216

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