Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2423 Wilshire Way San Antonio, TX 78264
    Back to Search
    Property profile & analytics

    2423 Wilshire Way, San Antonio, TX 78264

    View on Map
    • Land
    • 0.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2423 Wilshire Way

    Lot size
    0.80 lot acres
    Property type
    Land

    Description

    This exceptional 0.8-acre commercial land parcel, located at 2423 Wilshire Way in San Antonio, Texas, presents a unique investment opportunity. Zoned Industrial MI-1 with an Airport Hazard Overlay, this property offers 34,848 square feet of buildable space within Bexar County, zip code 78264. The legal description is CB 4297C Block 3 Lot 4, Southport Triangle Ordinance #2007-101605/ADD Ta21, with an alternate ID of 042973030040. The asking price is $209,088. Prospective buyers are advised to independently verify utility availability and capacity with a qualified engineer to assess service costs. This property is ideally suited for a variety of industrial uses, subject to all applicable zoning regulations and permits. Its strategic location in San Antonio offers excellent access to transportation networks and a thriving business environment. Don't miss this chance to acquire a valuable piece of commercial real estate in a rapidly growing Texas market. Act quickly, as this property is expected to generate significant interest.

    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
    -98.5517
    Latitude
    29.27

    Comparable in this City

    • Value Estimation by Request
      38.00 Acres

      1604 And Applewhite Rd

      Land
      1604 And Applewhite Rd, San Antonio, TX 78264
      View Details
    • Value Estimation by Request
      23.11 Acres

      3440 Loop 1604

      Land
      3440 Loop 1604, San Antonio, TX 78264
      View Details
    • Value Estimation by Request
      71.50 Acres

      19217 Applewhite Rd

      Land
      19217 Applewhite Rd, San Antonio, TX 78264
      View Details
    • Value Estimation by Request

      14501 Tx-16

      Land
      14501 Tx-16, San Antonio, TX 78264
      View Details
    • Value Estimation by Request
      120.00 Acres

      Mathis Rd

      Farms
      0 Mathis Rd, Elmendorf, TX 78264
      View Details
    • Value Estimation by Request
      2.00 Acres

      20011 Eagle Frd

      Land
      20011 Eagle Frd, Elmendorf, TX 78264
      View Details

    Similar Nearby for Sale

    • $173,000

      Land for Sale

      Land available in Bexar County.
      1903 Turkey Chase, San Antonio, TX 78264
      View Details
    • New
      $175,000
      1.04 Acres

      Unrestricted Land Near San Antonio

      Over 1 acre of unrestricted land outside city limits.
      24234 Romin Dr, San Antonio, TX 78264
      View Details
    • Contact for pricing
      54,450 SF

      Unrestricted Land with Mobile Home

      Spacious country land with mobile home, utilities in place.
      3043 Owenwood Dr, San Antonio, TX 78264
      View Details
    • $175,000
      2.52 Acres

      Undeveloped Land in San Antonio

      2.52 acres of undeveloped land in San Antonio, Texas.
      432 Peaceful, San Antonio, TX 78264
      View Details
    • Contact for pricing

      Prime Land in South San Antonio

      86.30 AC land with development potential near 1604.
      606 Sherrywood Ln, San Antonio, TX 78264
      View Details
    • $94,888
      2.18 Acres

      Land in South San Antonio

      2.18 acres of land with development potential.
      1291 Camelot Ln, San Antonio, TX 78264
      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.
    2423 Wilshire Way
    San Antonio, TX 78264
    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
    2423 Wilshire Way, San Antonio, TX, 78264
    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!