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    4242 Piedras Dr San Antonio, TX 78228

    • Office Properties & Spaces
    • 31,614 SF
    • 2.18 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Last Sale
    Oct 03, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1449318
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ChildCare Careers / Employment Agency / Temp Agency
    • Blossoming Butterfly Counseling Center / Counselor
    • Padgett Business Services / Tax Preparation Service / Bookkeeping Service
    • Alamo Area Counseling and Behavioral Associates,P.C. / Mental Health Service
    • Alegre Home Health Care Llc / Home Health Care Service

    Property Details for 4242 Piedras Dr

    Year built
    1975
    Lot size
    2.18 lot acres
    Property size
    31,614 SF
    Property type
    Office Properties & Spaces
    APN
    14275-002-0050
    APU
    142750020050

    Description

    This exceptional executive office space at 4242 E Piedras Dr in San Antonio, Texas, offers a flexible and highly desirable location. The property, built in 1970, boasts a total of 9,538 square feet, currently entirely vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 344 square feet to a maximum contiguous space of 8,468 square feet, catering to a variety of business needs and sizes. The building provides ample parking, with a ratio of 5.2 spaces per 1,000 square feet. Situated in Bexar County, this property offers convenient access to key transportation routes and amenities, making it an ideal location for businesses seeking a prestigious and functional workspace. The property's location in San Antonio, TX, 78228, provides excellent visibility and accessibility for clients and employees. This is a rare opportunity to secure a substantial and versatile office space in a highly sought-after area. The entire 9,538 square feet is ready for immediate occupancy. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,880,000
      Market price range: $1.22M - $9.63M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,355,000
      Current use
      RESTAURANT
      $5,385,000
      Change: +1% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,295,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5683
    Latitude
    29.4859
    CBSA code
    41700
    CBSA name
    SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $61,840
    $570,290
    $1,910,469
    $2,480,759
    -
    $570,290
    $1,910,469
    $2,480,759

    Comparable in this City

    • Value Estimation
      $3,520,000
      31,430 SF

      4415 Piedras Dr

      OFFICE (GENERAL) • 31,430 SF
      4415 Piedras Dr, San Antonio, TX 78228-1216
      View Details
    • Value Estimation
      $3,815,000
      36,400 SF

      4406 Piedras Dr

      OFFICE (GENERAL) • 36,400 SF
      4406 Piedras Dr, San Antonio, TX 78228-1207
      View Details
    • Value Estimation
      $1,720,000
      9,250 SF

      235 Ligustrum Dr

      OFFICE (GENERAL) • 9,250 SF
      235 Ligustrum Dr, San Antonio, TX 78228-4020
      View Details
    • Value Estimation
      $7,340,000
      73,790 SF

      4241 Woodcock Dr

      OFFICE (GENERAL) • 73,790 SF
      4241 Woodcock Dr, San Antonio, TX 78228-1328
      View Details
    • Value Estimation by Request
      1,611 SF

      1819 Bandera Rd

      OFFICE (GENERAL) • 1,611 SF
      1819 Bandera Rd, San Antonio, TX 78228-3802
      View Details
    • Value Estimation
      $3,010,000
      25,760 SF

      5825 Callaghan Rd

      OFFICE (GENERAL) • 25,760 SF
      5825 Callaghan Rd, San Antonio, TX 78228-1124
      View Details

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    Similar Nearby for Lease

    • $21 SF/Yr
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      Executive Suites, San Antonio

      Prime Office Space Available, Bexar County
      4243 Piedras Dr, San Antonio, TX 78228
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    • $21 SF/Yr
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      Executive Suites, San Antonio

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      Executive Suites, San Antonio

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      Executive Office Suites, San Antonio

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    • $22 SF/Yr
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      Executive Suites, Bexar County

      Premium Office Space Available Now
      4242 Woodcock Dr, San Antonio, TX 78228
      View Details
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    San Antonio, TX 78228
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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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