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

    842 Loop St San Antonio, TX 78216

    • Lifestyle centers
    • 635,370 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Park North Shopping Center / Shopping Mall
    • Staffing / Association Or Organization
    • Hill Country Plaza / Restaurant

    Property Details for 842 Loop St

    Property size
    635,370 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Park North Shopping Center, a premier San Antonio retail power center, presents an exceptional investment opportunity. This 635,370 square foot property boasts 17 buildings situated on a substantial 635,370 square foot lot in Bexar County, Texas. Strategically located at 842 Northwest Loop 410, the center enjoys high visibility and accessibility, situated between San Pedro Avenue and Blanco Road, approximately 7 miles north of downtown San Antonio. The center features a diverse mix of national retailers, restaurants, and entertainment venues, creating a vibrant 24-hour shopping destination. Key anchors include Target, Alamo Drafthouse, Cost Plus World Market, and PinStack, attracting a significant customer base. Currently, there are 18 spaces available, ranging from a minimum of 57 square feet to a maximum of 18,375 contiguous square feet, with a total of 105,009 square feet currently vacant. The property benefits from a strong demographic profile, with approximately 120,000 people residing within a 3-mile radius, boasting an average household income exceeding $79,000. Additional tenants include Kids Empire, Verizon, Round Table Pizza, La Madeleine, Twin Peaks, U.S. Army Recruiting Station, FedEx Office, Chipotle Mexican Grill, Spectrum, The Vitamin Shoppe, Supercuts, Salata, DXL Men's Apparel, First Watch, Panda Express, Milan Laser Hair Removal, Freddy's Frozen Custard & Steak Burger Restaurant, T-Mobile, Baskin-Robbins, Sally Beauty Supply, Sport Clips, PNC Bank, Plato's Closet, Aqua Tots, Veterinary Emergency Group, and Smoke BBQ. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving market.

    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
    -98.5063
    Latitude
    29.5196

    Comparable in this City

    • Value Estimation by Request
      9,661 SF

      5501 Blanco Rd

      Lifestyle centers • 9,661 SF
      5501 Blanco Rd, San Antonio, TX 78216
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    • Value Estimation by Request
      31,255 SF

      431-459 Mccarty Rd

      Lifestyle centers • 31,255 SF
      431-459 Mccarty Rd, San Antonio, TX 78216
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    • Value Estimation
      $455,000
      8,549 SF

      834 Loop 410

      MINI-MALL • 8,549 SF
      834 Loop 410, San Antonio, TX 78216-5602
      View Details
    • Value Estimation
      $815,000
      61,955 SF

      602 Loop 410

      MINI-MALL • 61,955 SF
      602 Loop 410, San Antonio, TX 78216-5536
      View Details
    • Value Estimation
      $620,000
      13,250 SF

      834 Loop 410

      MINI-MALL • 13,250 SF
      834 Loop 410, San Antonio, TX 78216-5602
      View Details
    • Value Estimation
      $685,000
      20,940 SF

      13402 San Pedro Ave

      MINI-MALL • 20,940 SF
      13402 San Pedro Ave, San Antonio, TX 78216-2057
      View Details

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    842 Loop St
    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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