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    8455 Crestway Dr Converse, TX 78109

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    8455 Crestway Dr Converse, TX 78109

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    • Neighborhood centers
    • 19,207 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 8455 Crestway Dr

    Property size
    19,207 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity, Judson Market, presents 5,855 square feet of vacant space within a 19,207 square foot strip center in Converse, Texas. Located at 8455 Crestway Dr, 78109, this prime location offers high visibility and accessibility, situated directly across from a Walmart Supercenter at the intersection of Crestway and Seguin Rd. The property is categorized as a multi-tenant retail center in Bexar County. Individual spaces range from a minimum of 2,500 square feet to a maximum contiguous space of 3,355 square feet, providing flexibility for various business needs. The high-traffic location, coupled with the proximity to a major retailer like Walmart, ensures significant foot traffic and potential customer base. This presents a unique chance to establish or expand a retail presence in a thriving Converse community. The property's strategic placement and available space make it an ideal investment for businesses seeking a prominent location with excellent visibility and accessibility. Serious inquiries are encouraged to explore this exceptional retail opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Converse
    County
    Bexar
    State
    Texas
    Longitude
    -98.3221
    Latitude
    29.4987

    Comparable in this City

    • Value Estimation by Request
      12,224 SF

      8214 Farm-To-Market Rd

      Lifestyle centers • 12,224 SF
      8214 Farm-To-Market Rd, Converse, TX 78109
      View Details
    • Value Estimation by Request
      16,830 SF

      8021 Farm-To-Market Rd

      Lifestyle centers • 16,830 SF
      8021 Farm-To-Market Rd, Converse, TX 78109
      View Details
    • Value Estimation by Request
      11,010 SF

      9760 Rocket Ln

      SHOPPING CENTER, STRIP CENTER • 11,010 SF
      9760 Rocket Ln, Converse, TX 78109-3945
      View Details
    • Value Estimation
      $970,000
      19,200 SF

      8455 Crestway Rd

      SHOPPING CENTER, STRIP CENTER • 19,200 SF
      8455 Crestway Rd, Converse, TX 78109-3527
      View Details
    • Value Estimation
      $560,000
      14,162 SF

      7525 Kitty Hawk Rd

      SHOPPING CENTER, STRIP CENTER • 14,162 SF
      7525 Kitty Hawk Rd, Converse, TX 78109-1632
      View Details
    • Value Estimation by Request
      4,770 SF

      105 Seguin Rd

      SHOPPING CENTER, STRIP CENTER • 4,770 SF
      105 Seguin Rd, Converse, TX 78109-2116
      View Details

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      Converse Industrial Space with IOS

      10,600 SF industrial space on 0.90 acres for sale.
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      8,000 SF

      Converse Commercial Property For Sale

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      Loop 1604 Retail Opportunity

      Retail and office space available along Loop 1604.
      3065 E Loop 1604 N, Converse, TX 78109
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      Retail Site in Growing Converse

      Retail site in high-growth area with planned residential developments.
      5822 Farm To Market 1516, Converse, TX 78109
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    Similar Nearby for Lease

    • $28 SF/Yr
      9,000 SF

      Retail Space Available For Lease

      9,000 SF retail property for lease in Converse, TX.
      9179 Farm-To-Market Rd 78, Converse, TX 78109
      View Details
    • Contact for pricing
      4,394 SF

      Retail Center on Miramar Boulevard

      8,194 SF retail center under construction, delivery Q2 2026.
      9765 Miramar Blvd, Converse, TX 78109
      View Details
    • $1,405 /Mo
      1,278 SF

      Retail Space in Converse, TX

      Highly visible retail space near City Hall and Converse City Park.
      105 S Seguin Rd, Converse, TX 78109
      View Details
    • Contact for pricing

      Mixed-Use Development with Retail Center

      Retail center with pad sites and planned office buildings.
      3065 E Loop 1604 N, Converse, TX 78109
      View Details
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    Converse, TX 78109
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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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