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    Property profile & analytics

    1002 Hoefgen Ave San Antonio, TX 78210

    • Manufacturing properties
    • 9,032 SF
    • 0.20 lot acres
    For Sale
    View listing
    $879,000
    Last Sale
    Jan 30, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2388498
    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

    • Dixie Printing Co / Commercial Printer
    • terrellprintco.com / Print Shop

    Property Details for 1002 Hoefgen Ave

    Year built
    1956
    Lot size
    0.20 lot acres
    Property size
    9,032 SF
    Property type
    Manufacturing properties
    APN
    00656-001-0011
    APU
    6560010011

    Description

    This exceptional owner-user industrial warehouse opportunity is located at 1002 Hoefgen Ave, San Antonio, Texas 78210. The property boasts a total of 9,032 square feet of net rentable space, distributed across two floors within a single, one-story building constructed in 1956. The first floor offers approximately 5,000 square feet, while the second floor provides roughly 4,000 square feet, recently remodeled. The building features a desirable 10+ foot ceiling height and is situated on a 0.19-acre lot with 12 parking spaces and one loading dock. The property is zoned I-1, providing flexibility for various industrial uses. Its strategic location offers excellent visibility from IH-37 and is within walking distance of the Alamodome and conveniently close to the San Antonio Convention Center. The property benefits from three-phase power and a gas overhead heater in the warehouse area. This concrete block building presents a rare opportunity to acquire a well-located, functional warehouse in a thriving area of San Antonio. The asking price for this owner-user investment is $879,000. The property's proximity to downtown San Antonio, major highways (I-37 and I-10), and key attractions makes it an attractive investment for businesses seeking a central location with high visibility. This is a turnkey opportunity for an owner-user seeking a functional and well-maintained warehouse space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $400,000
      Market price range: $246k - $670k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $405,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4789
    Latitude
    29.4092
    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
    $20,967
    $176,260
    $710,740
    $887,000
    -
    $176,260
    $710,740
    $887,000

    Comparable in this City

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      541 Roosevelt Ave

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      110 I St

      MANUFACTURING (LIGHT) • 5,600 SF
      110 I St, San Antonio, TX 78210-2637
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      26,772 SF

      303 Indiana St

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      101 Carolina St

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      101 Carolina St, San Antonio, TX 78210
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    • Value Estimation
      $320,000
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      1866 Rigsby Ave

      MANUFACTURING (LIGHT) • 5,280 SF
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      View Details

    Similar Nearby for Sale

    • $879,000
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      Hoefgen Ave Warehouse - San Antonio

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      1002 Hoefgen Ave, San Antonio, TX 78210
      View Details
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      Lavaca Neighborhood Warehouse Opportunity

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      Downtown San Antonio Development Site

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    Similar Nearby for Lease

    • $9 SF/Yr
      16,000 SF

      San Antonio Warehouse Space Available

      16,000 square foot warehouse space for lease.
      1200 Hoefgen Ave, San Antonio, TX 78210
      View Details
    • $2,470 /Mo
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      San Antonio Warehouse, Office, Yard

      Warehouse, office, and yard space with I-37 access.
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      View Details
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      10,000 SF

      Presa Street Retail Space For Lease

      10,000 SF Retail Space Available Now
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      1,500 SF

      Retail Space Near Walmart

      Retail space with excellent access and exposure on Rigsby Avenue.
      5313 Rigsby Ave, San Antonio, TX 78210
      View Details
    • Contact for pricing

      Corner Lot Industrial Land

      Industrial land with easy I-10 access available for ground lease.
      246 J St, San Antonio, TX 78210
      View Details
    • Contact for pricing
      31,193 SF

      Southtown San Antonio Retail Space

      Multi-building retail property in San Antonio's vibrant Southtown neighborhood.
      1012-1032 S Presa St, San Antonio, TX 78210
      View Details
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    San Antonio, TX 78210
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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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