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    2318 Pat Booker Rd Universal City, TX 78148

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    2318 Pat Booker Rd Universal City, TX 78148

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for 2318 Pat Booker Rd

    Property type
    Retail properties & Spaces

    Description

    Coronado Square, located at 2318 Pat Booker Rd in Universal City, Texas, 78148, offers three available retail spaces ranging from 3,222 to 6,939 square feet. This multiple-tenancy retail property boasts excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving market. The property is situated in Bexar County and benefits from its proximity to The Forum at Olympia Parkway, a major power center encompassing over 1.2 million square feet of retail space. This strategic location ensures high foot traffic and exposure to a large consumer base. The center itself comprises over 65,000 square feet, establishing it as a significant retail destination within the area. The property's size and location provide a compelling opportunity for businesses seeking to establish or expand their retail operations in a high-traffic, well-established commercial area of Universal City. Interested parties are encouraged to inquire for further details and availability. The property's total building square footage is not currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Universal City
    County
    Bexar
    State
    Texas
    Longitude
    -98.3156
    Latitude
    29.5558

    Comparable in this City

    • Value Estimation by Request
      1 SF

      1604 And Kitty Hawk

      Land • 1 SF
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    • Value Estimation
      $3,240,000
      96,925 SF

      8098 Agora Pkwy

      DEPARTMENT STORE • 96,925 SF
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      10,452 SF

      310 Kitty Hawk Rd

      Medical Office Space • 10,452 SF
      310 Kitty Hawk Rd, Universal City, TX 78148
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    • Value Estimation by Request
      1,472 SF

      314 Pat Booker Rd

      RESTAURANT • 1,472 SF
      314 Pat Booker Rd, Universal City, TX 78148-4430
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    • Value Estimation by Request
      29.00 Acres

      1604 & Byrd

      Land • 29.00 Acres
      0 1604 & Byrd, Universal City, TX 78148
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    • Value Estimation by Request

      2921 Pat Booker Rd

      Churches & religious facilities
      2921 Pat Booker Rd, Universal City, TX 78148
      View Details

    Similar Nearby for Sale

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      7,745 SF

      Retail Property in San Antonio

      Retail property located within the San Antonio Metropolitan Statistical Area.
      2301 Pat Booker Rd, Universal City, TX 78148
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    • $1,750,000
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      Universal City Retail Building For Sale

      Retail building near I-35, Universal City, completed in 2024.
      1800 Pat Booker Rd, Universal City, TX 78148
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      Universal City Medical/Retail Property

      Two-tenant medical/retail property in Universal City, Texas.
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      137,790 SF

      Retail Center in Universal City

      Retail property in a densely populated, established retail corridor.
      2935 Pat Booker Rd, Universal City, TX 78148
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    • $2,993,000
      16,800 SF

      Fully Occupied Retail Center

      Stabilized retail center in Universal City, 100% occupied.
      1626 Pat Booker Rd, Universal City, TX 78148
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      2,340 SF

      Established Automotive Shop For Sale

      Family-owned automotive shop with prime location and growth potential.
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    Similar Nearby for Lease

    • Contact for pricing

      Land for Ground Lease

      Available land for ground lease with frontage access.
      1604 And Kitty Hawk, Universal City, TX 78148
      View Details
    • $17 SF/Yr
      15,893 SF

      Prime Universal City Retail Space

      15,893 SF Retail Space - NNN Lease
      3150 Pat Booker Rd, Universal City, TX 78148
      View Details
    • Contact for pricing

      Retail Space on Pat Booker

      Retail space in a high-traffic shopping center.
      3150 Pat Booker Rd, Universal City, TX 78148
      View Details
    • Contact for pricing

      Retail Space Near Olympia Parkway

      Retail space with high visibility and easy access.
      2318 Pat Booker Rd, Universal City, TX 78148
      View Details
    • $1.50 SF/Yr
      9,000 SF

      Retail Space For Rent

      New construction retail space available for lease.
      2405 Pat Booker Rd, Universal City, TX 78148
      View Details
    • $15 SF/Yr
      4,500 SF

      Universal City Retail Space Available

      Retail space for lease in Universal City, Texas.
      1734 Pat Booker Rd, Universal City, TX 78148
      View Details
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    Universal City, TX 78148
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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.

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    2318 Pat Booker Rd, Universal City, TX, 78148

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