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    1023 Basse Rd San Antonio, TX 78212-1002
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    1023 Basse Rd San Antonio, TX 78212-1002

    View on Map
    • Office properties & Spaces
    • 4,627 SF
    • 1.20 lot acres
    Off-Market
    Property ID
    US82-4110943
    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

    • Boutique on Basse / (Bike/Boat/Book/etc) Store
    • Bellas Closet / Shopping Center & Mall
    • The Upholstery and Trim Shop / Furniture & Home Goods
    • First choice upholstery / Furniture & Home Goods

    Property Details for 1023 Basse Rd

    Year built
    1960
    Lot size
    1.20 lot acres
    Property size
    4,627 SF
    Property type
    Office properties & Spaces
    APN
    10115-000-0251
    APU
    101150000251

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5003
    Latitude
    29.489
    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
    $13,199
    $199,400
    $375,600
    $575,000
    -
    $199,400
    $375,600
    $575,000

    Comparable in this City

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      $2,560,000
      13,024 SF

      5005 Mccullough Ave

      OFFICE (GENERAL) • 13,024 SF
      5005 Mccullough Ave, San Antonio, TX 78212
      View Details
    • Value Estimation
      $3,995,000
      21,766 SF

      1111 Main Ave

      OFFICE (GENERAL) • 21,766 SF
      1111 Main Ave, San Antonio, TX 78212-4713
      View Details
    • Value Estimation
      $1,975,000
      10,386 SF

      2002 Saint Marys St

      OFFICE (GENERAL) • 10,386 SF
      2002 Saint Marys St, San Antonio, TX 78212-4149
      View Details
    • Value Estimation
      $5,775,000
      50,647 SF

      1021 San Pedro Ave

      OFFICE (GENERAL) • 50,647 SF
      1021 San Pedro Ave, San Antonio, TX 78212-5439
      View Details
    • Value Estimation by Request
      192 SF

      5410 San Pedro Ave

      OFFICE (GENERAL) • 192 SF
      5410 San Pedro Ave, San Antonio, TX 78212-1220
      View Details
    • Value Estimation
      $1,215,000
      6,984 SF

      509 San Pedro Ave

      OFFICE (GENERAL) • 6,984 SF
      509 San Pedro Ave, San Antonio, TX 78212-5076
      View Details

    Similar Nearby for Sale

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      Historic San Antonio Property Opportunity

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      Historic Office Building For Sale

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      San Antonio Redevelopment Opportunity

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    • $1,800,000
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      Colonial Style Office Building

      Two-story office building with a large parking lot.
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    • $1,650,000
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      Renovated Office Space with Parking

      Renovated office space featuring parking, kitchen, and event space.
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      Downtown Building For Professional Services

      Three-story building in prime downtown location with high visibility.
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    Similar Nearby for Lease

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      Office Space Near San Antonio College

      Office space for rent near San Antonio College campus.
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      Midtown Station Retail/Office Space

      Retail and office spaces near Pearl District and Riverwalk.
      914 E Elmira St, San Antonio, TX 78212
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    • $1.00 SF/Yr
      4,000 SF

      San Antonio Warehouse with Fenced Yard

      Warehouse with fenced yard and office space in San Antonio.
      76 Haby Dr, San Antonio, TX 78212
      View Details
    • Contact for pricing
      2,580 SF

      Office Space on Olmos Drive

      Office space available for lease, totaling 2,580 square feet.
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      View Details
    • Contact for pricing
      1,323 SF

      Office Building Near Brackenridge Park

      Office building near Hwy 281, close to amenities and recreation.
      3510 N Saint Marys St, San Antonio, TX 78212
      View Details
    • Contact for pricing
      1,751 SF

      Olmos Park Dental Space Available

      Second generation dental space in established multi-tenant building.
      4118 Mccullough Ave, San Antonio, TX 78212
      View Details
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    1023 Basse Rd
    San Antonio, TX 78212-1002
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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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