Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1045 Cheever Blvd San Antonio, TX 78217

    • Office properties & Spaces
    • 30,144 SF
    • 2.06 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4542759
    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

    • Phoenix Recovery Group / Accounting Firm / Loan Service
    • AND CoNNECT / Corporate Office
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 1045 Cheever Blvd

    Year built
    1975
    Lot size
    2.06 lot acres
    Property size
    30,144 SF
    Property type
    Office properties & Spaces
    APN
    16044-001-0031
    APU
    160440010031

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,010,000
      Current use
      MEDICAL BUILDING
      $2,235,000
      Change: +11% Conversion: Easy
      OFFICE BUILDING
      $2,000,000
      Change: -0% Conversion: Easy
      RETAIL STORES
      $1,865,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4549
    Latitude
    29.518
    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
    $78,046
    $323,940
    $3,655,060
    $3,979,000
    -
    $323,940
    $3,655,060
    $3,979,000

    Comparable in this City

    • Value Estimation by Request
      266,560 SF

      1777 Interstate 410 Loop

      Office properties & Spaces • 266,560 SF
      1777 Interstate 410 Loop, San Antonio, TX 78217
      View Details
    • Value Estimation by Request
      23,115 SF

      8500 Village Dr

      Medical Office Space • 23,115 SF
      8500 Village Dr, San Antonio, TX 78217
      View Details
    • Value Estimation
      $1,615,000
      45,088 SF

      2211 Loop 410

      OFFICE (GENERAL) • 45,088 SF
      2211 Loop 410, San Antonio, TX 78217-4630
      View Details
    • Value Estimation
      $3,605,000
      103,898 SF

      2455 Loop 410

      OFFICE (GENERAL) • 103,898 SF
      2455 Loop 410, San Antonio, TX 78217-5649
      View Details
    • Value Estimation
      $1,025,000
      20,570 SF

      9000 Tesoro Dr

      OFFICE (GENERAL) • 20,570 SF
      9000 Tesoro Dr, San Antonio, TX 78217-6140
      View Details
    • Value Estimation
      $620,000
      5,400 SF

      11826 Perrin Beitel Rd

      OFFICE (GENERAL) • 5,400 SF
      11826 Perrin Beitel Rd, San Antonio, TX 78217
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      67,619 SF

      San Antonio Office/Warehouse

      67,619 SF Multi-Tenant Office & Warehouse
      13526 Nacogdoches Rd, San Antonio, TX 78217
      View Details
    • Contact for pricing

      Office Space Available for Purchase

      Office property for sale at 2379 NE Loop 410.
      2379 Loop 410 NE, San Antonio, TX 78217
      View Details
    • $1,200,000

      Former Office Converted Assisted Living

      Assisted living facility or office space in San Antonio.
      4154 Swans Lndg, San Antonio, TX 78217
      View Details
    • Contact for pricing
      7,600 SF

      Acorn Hill Plaza: San Antonio Office

      7,600 SF Office Building - Sale/Lease
      10807 Perrin Beitel Rd, San Antonio, TX 78217
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      78,260 SF

      Tesoro Office Building: Prime Location

      San Antonio Office Space - 7 Suites Available
      8918 Tesoro Dr, San Antonio, TX 78217
      View Details
    • $14 SF/Yr
      203,651 SF

      San Antonio Flex Space Available

      Prime Flex/Warehouse Space, San Antonio, TX
      9929 Broadway St, San Antonio, TX 78217
      View Details
    • Contact for pricing
      67,619 SF

      San Antonio Office/Warehouse Space

      67,619 SF Office & Warehouse Available
      13526 Nacogdoches Rd, San Antonio, TX 78217
      View Details
    • $17 SF/Yr
      266,560 SF

      Northwood Tower: Class A Office Space

      Prestigious San Antonio Office Building; Abundant Amenities
      1777 Interstate 410 Loop, San Antonio, TX 78217
      View Details
    • $15 SF/Yr
      4,020 SF

      Energy Plaza Office Sublease

      4,020 SF Office Near Airport
      8610 New Braunfels Ave, San Antonio, TX 78217
      View Details
    • Contact for pricing

      San Antonio Airport

      Discover many ways to work your way in San Antonio Airport
      1777 Loop 410, San Antonio, TX 78217
      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.
    1045 Cheever Blvd
    San Antonio, TX 78217
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!