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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11650 Bandera Rd San Antonio, TX 78228

    • Community centers
    • 18,440 SF
    • 15.57 lot acres
    For Lease
    View listing
    Last Sale
    Dec 18, 2024
    Value Estimations
    $795,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2160842
    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

    • Academy Sports + Outdoors / (Bike/Boat/Book/etc) Store
    • H-E-B Convenience Store / Grocery & Convenience Store
    • Conn's HomePlus / Home Appliance Store / Hardware & Home Improvement
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store

    Property Details for 11650 Bandera Rd

    Year built
    2004
    Lot size
    15.57 lot acres
    Property size
    18,440 SF
    Property type
    Community centers
    APN
    14614-011-0090
    APU
    146140110090

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $997,000
      Market price range: $456k - $998k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $805,000
      Current use
      WAREHOUSE, STORAGE
      $1,260,000
      Change: +57% Conversion: Difficult
      OFFICE BUILDING
      $1,225,000
      Change: +52% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,185,000
      Change: +48% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.664
    Latitude
    29.5529
    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
    $346,798
    $9,347,200
    $5,752,800
    $15,100,000
    -
    $9,347,200
    $5,752,800
    $15,100,000

    Comparable in this City

    • Value Estimation
      $750,000
      33,236 SF

      9240 Guilbeau Rd

      MINI-MALL • 33,236 SF
      9240 Guilbeau Rd, San Antonio, TX 78250-3089
      View Details
    • Value Estimation by Request
      194,501 SF

      8425 Bandera Rd

      Lifestyle centers • 194,501 SF
      8425 Bandera Rd, San Antonio, TX 78250
      View Details
    • Value Estimation by Request
      7,184 SF

      11707 Bandera Rd

      MINI-MALL • 7,184 SF
      11707 Bandera Rd, San Antonio, TX 78250-6810
      View Details
    • Value Estimation
      $980,000
      52,522 SF

      8180 Tezel Rd

      MINI-MALL • 52,522 SF
      8180 Tezel Rd, San Antonio, TX 78250
      View Details
    • Value Estimation
      $1,375,000
      90,008 SF

      7723 Guilbeau Rd

      MINI-MALL • 90,008 SF
      7723 Guilbeau Rd, San Antonio, TX 78250-3211
      View Details
    • Value Estimation
      $620,000
      14,040 SF

      8407 Bandera Rd

      MINI-MALL • 14,040 SF
      8407 Bandera Rd, San Antonio, TX 78250-2574
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      194,501 SF

      Retail Property on Bandera Road

      Large retail property available for sale on Bandera Road.
      8425 Bandera Rd, San Antonio, TX 78250
      View Details
    • $2,950,000
      4,290 SF

      Retail Property on Bandera Road

      Retail property available for sale on Bandera Road.
      8014 Bandera Rd, San Antonio, TX 78250
      View Details
    • $199,500

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
      6283 Valley Bay Dr, San Antonio, TX 78250
      View Details
    • $849,420

      Land Near Walmart Supercenter

      Land in rapidly growing neighborhood anchored by Walmart Supercenter.
      5515 Tezel Rd, San Antonio, TX 78250
      View Details
    • $267,500

      San Antonio Land For Sale

      Land available in San Antonio, Texas.
      5035 Timberhurst, San Antonio, TX 78250
      View Details
    • $315,000

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
      7155 Sidbury Cir, San Antonio, TX 78250
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,300 SF

      Retail Space in San Antonio

      Retail space available in a conveniently located shopping center.
      8010 Carbon Path, San Antonio, TX 78250
      View Details
    • Contact for pricing
      25,000 SF

      Retail Space Available For Lease

      Retail spaces available, ranging from 1,200 to 25,000 square feet.
      11643-11669 Bandera Rd, San Antonio, TX 78250
      View Details
    • $18 SF/Yr
      880 SF

      Retail/Office Space Available

      Retail/office space available at Tezel and Mainland corner.
      7701 Tezel Rd, San Antonio, TX 78250
      View Details
    • $1.00 SF/Yr
      29,875 SF

      Retail, Medical & Government Space

      High-traffic location with diverse tenant mix.
      7723 Guilbeau Rd, San Antonio, TX 78250
      View Details
    • Contact for pricing
      15,034 SF

      Camino Bandera Retail Center

      Prime San Antonio Retail Space Available
      9703 Bandera Rd, San Antonio, TX 78250
      View Details
    • Contact for pricing
      1,952 SF

      Retail Space Available for Lease

      Retail property available for lease, offering 1952 square feet.
      8407 Bandera Rd, San Antonio, TX 78250
      View Details
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    11650 Bandera Rd
    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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