Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    at Sierra Sunset Foster Rd Converse, TX 78109
    Property profile & analytics

    at Sierra Sunset Foster Rd Converse, TX 78109

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

    Current Use by Public Records

    • Land

    Property Details for at Sierra Sunset Foster Rd

    Lot size
    1.02 lot acres
    Property type
    Land

    Description

    This exceptional 1.016-acre commercial land parcel presents a unique investment opportunity in Converse, Texas. Located in Bexar County, at the intersection of N. Foster Rd. and Sierra Sunset, this property boasts 190 feet of frontage on N. Foster Rd., a major thoroughfare experiencing significant growth. The site is conveniently situated outside city limits yet enjoys close proximity to IH-10, providing excellent accessibility. Adding to its appeal, a proposed McDonald's is adjacent to the property, and a newly constructed Caliber Collision center is directly across the street, indicating a thriving commercial environment. The area is witnessing a surge in development, with several new single-family residential subdivisions and numerous new commercial and industrial projects underway. The property is zoned OCL, offering flexibility for various commercial uses. This strategic location and the surrounding development activity make this 1-acre lot an attractive proposition for investors seeking high-growth potential in a rapidly expanding market. The asking price is $1,025,000. This is a rare opportunity to acquire a prime commercial lot in a high-demand area.

    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
    -98.3198
    Latitude
    29.4476

    Comparable in this City

    • Value Estimation by Request
      21.56 Acres

      Schuwirth Rd

      Land • 21.56 Acres
      0 Schuwirth Rd, Adkins, TX 78109
      View Details
    • Value Estimation by Request
      40.00 Acres

      11509 Graytown Rd

      Land • 40.00 Acres
      11509 Graytown Rd, Converse, TX 78109
      View Details
    • Value Estimation by Request
      1.79 Acres

      7785 Loop 1604

      Land • 1.79 Acres
      7785 Loop 1604, Converse, TX 78109
      View Details
    • Value Estimation by Request
      0.63 Acres

      1516 Farm To Market Rd

      Land • 0.63 Acres
      1516 Farm To Market Rd, Converse, TX 78109
      View Details
    • Value Estimation by Request
      23.00 Acres

      3065 Loop 1604

      Land • 17,500 SF
      3065 Loop 1604, Converse, TX 78109
      View Details
    • Value Estimation by Request
      12.55 Acres

      IH-10 Loop 1604

      Land • 12.55 Acres
      IH-10 Loop 1604, Converse, TX 78109
      View Details

    Similar Nearby for Sale

    • $220,000
      0.60 Acres

      Converse Retail Pad Site

      Prime .6-acre lot, high traffic
      301 Converse Center St, Converse, TX 78109
      View Details
    • Contact for pricing

      73.2 Acres of Land Available

      73.2 acres of land for sale in Converse, Texas.
      4891 Freudenburg Rd, Converse, TX 78109
      View Details
    • Contact for pricing
      25 SF

      25 Acres Available For Sale

      25 acre parcel for sale with direct IH-10 access.
      2252 Fm 1516 N, Converse, TX 78109
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      3310 Freudenburg Rd, Converse, TX 78109
      View Details
    • Contact for pricing

      Vacant Land Near IH 10

      Vacant land with direct access to major thoroughfares.
      13176 I-10, Converse, TX 78109
      View Details
    • Contact for pricing

      Converse Land For Sale

      Land available for purchase in Converse, Texas.
      8341 Fm 1976, Converse, TX 78109
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease

      Land available for lease in Converse, Texas.
      2750 Farm To Market 1516, Converse, TX 78109
      View Details
    • Contact for pricing

      Prime Commercial Development Site

      0.6-acre commercial lot for development in Converse, TX.
      301 Converse Center St, 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
    • Contact for pricing

      Commercial Land with High Visibility

      Land with easy access and fantastic visibility in Converse, TX.
      258 Converse Center St, Converse, TX 78109
      View Details
    • $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
    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.
    at Sierra Sunset Foster Rd
    Converse, TX 78109
    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
    at Sierra Sunset Foster Rd, Converse, TX, 78109
    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!