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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9988 Highway Dr San Antonio, TX 78211

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 9988 Highway Dr

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 34-acre agricultural property in San Antonio, Texas, presents a unique investment opportunity. Located at 9988 S. U.S. Highway 81, Bexar County, zip code 78211, this level land boasts approximately 1,069 feet of frontage along New Laredo Highway and a depth of 1,643 feet. The property features Leon Creek, which meanders through the land, creating a natural haven for native flora and wildlife. The total lot size is 1,481,040 square feet. Currently unimproved, the land is characterized by mature oak trees and native vegetation. The property is zoned NP-10 and sits within the 100% floodplain of Leon Creek. Daily traffic counts on New Laredo Highway reach 5,515 vehicles. Utilities are not currently available. Given its size, location, and natural beauty, this property is well-suited for a variety of uses, including potential participation in the Texas Farm and Ranch Land Conservation Program (TFRLCP) or development as a public park. The asking price is $1,950,000, making it an attractive prospect for investors seeking a 1031 exchange. The property is owned by TJL-MLWL Trust.

    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
    -98.581
    Latitude
    29.3373

    Comparable in this City

    • Value Estimation by Request
      0.71 Acres

      116 Somerset Rd

      Land • 0.71 Acres
      116 Somerset Rd, San Antonio, TX 78211
      View Details
    • Value Estimation by Request

      2919 Pitluk Ave

      Land
      2919 Pitluk Ave, San Antonio, TX 78211
      View Details
    • Value Estimation by Request
      34.29 Acres

      New Laredo Hwy

      Land • 34.29 Acres
      0 New Laredo Hwy, San Antonio, TX 78211
      View Details
    • Value Estimation by Request
      120,226 SF

      3701 Pitluk Ave

      Distribution properties • 120,226 SF
      3701 Pitluk Ave, San Antonio, TX 78211
      View Details
    • Value Estimation by Request
      0.28 Acres

      136 Kelsey Ave

      Distribution properties • 289 SF
      136 Kelsey Ave, San Antonio, TX 78211
      View Details
    • Value Estimation by Request

      3418 Pitluk Ave

      Land
      3418 Pitluk Ave, San Antonio, TX 78211
      View Details

    Similar Nearby for Sale

    • $1,500,000
      120,226 SF

      San Antonio Warehouse - $1.5M

      Massive Industrial Warehouse, 120,226 SF
      3701 Pitluk Ave, San Antonio, TX 78211
      View Details
    • $600,000
      0.71 Acres

      Prime San Antonio Commercial Land

      0.71 Acres, High Traffic Area, $600,000
      116 Somerset Rd, San Antonio, TX 78211
      View Details
    • Contact for pricing

      San Antonio Land For Sale

      Land available for purchase in San Antonio, Texas.
      999 Somerset Rd, San Antonio, TX 78211
      View Details
    • $36,050

      Vacant Lot For Sale

      Vacant lot available for purchase.
      1334 Fenfield Ave, San Antonio, TX 78211
      View Details
    • $2,400,300
      34.29 Acres

      Prime San Antonio Industrial Land

      34-Acre Industrial Tract, I-35 Access
      0 New Laredo Hwy, San Antonio, TX 78211
      View Details
    • $1,100,000

      Land with Somerset Road Frontage

      Land suitable for residential development with utilities available.
      9142 Somerset Rd, San Antonio, TX 78211
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      12,342 SF

      Medical Office Space Available

      Move-in ready medical office space in San Antonio.
      6623 S Zarzamora St, San Antonio, TX 78211
      View Details
    • $12 SF/Yr
      4,680 SF

      Commercial Space For Lease

      Versatile commercial space suitable for retail, office, or service businesses.
      992 E Southcross Blvd, San Antonio, TX 78211
      View Details
    • $22 SF/Yr
      1,254 SF

      Retail Storefront Near Sam's Club

      Turn-key retail space with high visibility and easy access.
      3227 SW Military Dr, San Antonio, TX 78211
      View Details
    • $7 SF/Yr
      87,785 SF

      San Antonio Warehouse - 87,785 SF

      Prime San Antonio industrial warehouse, excellent location.
      1734 Centennial Blvd, San Antonio, TX 78211
      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.
    9988 Highway Dr
    San Antonio, TX 78211
    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.