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    1003 Rittiman Rd San Antonio, TX 78218

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    1003 Rittiman Rd San Antonio, TX 78218

    View on Map
    • Strip malls
    • 34,326 SF
    • 4.37 lot acres
    For Lease
    $1,270,000
    View Listing →
    Retail Space in San Antonio For Lease
    $1,270,000

    Retail Space in San Antonio

    Retail space with high visibility and multiple access points.

    1003 Rittiman Rd, San Antonio, TX 78218
    View Listing
    Property ID
    US83-3895753
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Longhorn Cafe / Restaurant

    Property Details for 1003 Rittiman Rd

    Year built
    1952
    Lot size
    4.37 lot acres
    Property size
    34,326 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    11003-004-0070
    APU
    110030040070

    Description

    This exceptional San Antonio retail property, the Sam Houston Center, offers a unique investment opportunity. Located at 1003 Rittiman Rd, San Antonio, TX 78218, this two-building complex boasts a total of 34,138 square feet, with 4,226 square feet currently available for lease. The property features a single-story design, providing convenient access for tenants and customers. While there are no elevators, the convenient location and multiple access points along Rittiman Road ensure easy accessibility. The center benefits from excellent visibility to traffic on Rittiman Road, providing significant exposure for businesses. Its strategic location near Harry Wurzbach Road, the main entrance to Fort Sam Houston, further enhances its appeal. The Sam Houston Center serves a large trade area encompassing Alamo Heights, Terrell Hills, and Fort Sam Houston, ensuring a robust customer base. The diverse tenant mix includes a USAA drive-thru ATM, adding to the property's overall value and attracting a wide range of clientele. Currently, one space of 2,340 square feet is available for lease. This presents a rare chance to establish a presence in a thriving San Antonio commercial center with high visibility and a strong tenant base. The property's location and amenities make it an ideal choice for businesses seeking a prominent position in a well-established commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,450,000
      Current use
      COMMERCIAL (GENERAL)
      $2,065,000
      Change: +42% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,535,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4286
    Latitude
    29.4855
    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
    $142,319
    $1,792,490
    $4,407,510
    $6,200,000
    -
    $1,792,490
    $4,407,510
    $6,200,000

    Comparable in this City

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      62,458 SF

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    • Value Estimation by Request
      6,798 SF

      8001 Midcrown Dr

      SHOPPING CENTER, STRIP CENTER • 6,798 SF
      8001 Midcrown Dr, San Antonio, TX 78218-2316
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    • Value Estimation
      $580,000
      12,202 SF

      5514 Walzem Rd

      SHOPPING CENTER, STRIP CENTER • 12,202 SF
      5514 Walzem Rd, Windcrest, TX 78218-2110
      View Details
    • Value Estimation
      $700,000
      22,240 SF

      5520 Walzem Rd

      SHOPPING CENTER, STRIP CENTER • 22,240 SF
      5520 Walzem Rd, Windcrest, TX 78218-2165
      View Details
    • Value Estimation by Request
      1,274 SF

      4518 Walzem Rd

      SHOPPING CENTER, STRIP CENTER • 1,274 SF
      4518 Walzem Rd, San Antonio, TX 78218-2044
      View Details
    • Value Estimation
      $1,790,000
      50,540 SF

      1533 Austin Hwy

      SHOPPING CENTER, STRIP CENTER • 50,540 SF
      1533 Austin Hwy, San Antonio, TX 78218-1730
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      176,000 SF

      Versatile Commercial Property with Highway Access

      155,000 SF available for retail, school, distribution, or industrial use.
      4475 Walzem Rd, San Antonio, TX 78218
      View Details
    • $1,550,000
      2,898 SF

      Retail Property Near Rackspace Headquarters

      Long-term national credit tenant in Windcrest, near Rackspace Headquarters.
      5001 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      19,650 SF

      Retail Property Near I-35

      Retail property with corporate guarantee and below market rent.
      6430 Fairdale Dr, San Antonio, TX 78218
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    • Contact for pricing
      3,580 SF

      Retail Space in Strong Corridor

      Retail space with high visibility and strong tenant mix.
      5253-5299 Walzem Rd, San Antonio, TX 78218
      View Details
    • $1,781,321
      3,105 SF

      Pizza Hut Sale Leaseback Opportunity

      Freestanding Pizza Hut with new 15-year lease in San Antonio.
      6380 Rittiman Rd, San Antonio, TX 78218
      View Details
    • $60,000
      3,580 SF

      Profitable Smoke Shop Business Opportunity

      Established smoke shop with high margins in prime location.
      5281 Walzem Rd, San Antonio, TX 78218
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,500 SF

      Retail Space on Walzem Road

      Retail space available with high traffic and visibility.
      5806 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      13,748 SF

      Retail Center with High Visibility

      Freestanding retail center in Windcrest with excellent visibility.
      4903-4917 Walzem Rd, Windcrest, TX 78218
      View Details
    • $12 SF/Yr
      44,000 SF

      Retail Space on Walzem Road

      Retail property with high traffic and multiple access points.
      5710-5820 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing

      Retail Center with High Visibility

      Freestanding retail center with excellent visibility on Walzem Road.
      4903 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing

      5330 Walzem Rd, San Antonio, TX 78218

      Shopping centers
      5330 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      21,825 SF

      Retail Space on Walzem Road

      Retail property available for rent on Walzem Road.
      5516-5536 Walzem Rd, San Antonio, TX 78218
      View Details
    View Listing
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    San Antonio, TX 78218
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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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    1003 Rittiman Rd, San Antonio, TX, 78218

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