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    Property profile & analytics

    1217 Military Dr San Antonio, TX 78221

    • Strip malls
    • 14,500 SF
    • 1.16 lot acres
    OFF-MARKET
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2321776
    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

    • Strip malls

    Property Details for 1217 Military Dr

    Year built
    1970
    Lot size
    1.16 lot acres
    Property size
    14,500 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    08949-026-0430
    APU
    89490260430

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $940,000
      Current use
      MEDICAL BUILDING
      $1,200,000
      Change: +28% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,175,000
      Change: +25% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,050,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5119
    Latitude
    29.357
    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
    $96,106
    $804,410
    $2,975,590
    $3,780,000
    -
    $804,410
    $2,975,590
    $3,780,000

    Comparable in this City

    • Value Estimation
      $560,000
      7,020 SF

      6700 Flores St

      SHOPPING CENTER, STRIP CENTER • 7,020 SF
      6700 Flores St, San Antonio, TX 78221-1607
      View Details
    • Value Estimation
      $1,890,000
      49,400 SF

      1922 Military Dr, Unit 7

      SHOPPING CENTER, STRIP CENTER • 49,400 SF
      1922 Military Dr, San Antonio, TX 78221-1433
      View Details
    • Value Estimation
      $1,000,000
      18,220 SF

      197 Military Dr

      SHOPPING CENTER, STRIP CENTER • 18,220 SF
      197 Military Dr, San Antonio, TX 78221-1650
      View Details
    • Value Estimation
      $1,375,000
      39,211 SF

      423 Military Dr

      SHOPPING CENTER, STRIP CENTER • 39,211 SF
      423 Military Dr, San Antonio, TX 78221-1654
      View Details
    • Value Estimation by Request
      14,400 SF

      4001 Commercial Ave

      SHOPPING CENTER, STRIP CENTER • 14,400 SF
      4001 Commercial Ave, San Antonio, TX 78221
      View Details
    • Value Estimation by Request
      10,116 SF

      1530 Pleasanton Rd

      SHOPPING CENTER, STRIP CENTER • 10,116 SF
      1530 Pleasanton Rd, San Antonio, TX 78221-1146
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,256 SF

      Fully Leased South San Antonio Retail

      Fully leased retail/office building in a thriving commercial zone.
      6723 S Flores St, San Antonio, TX 78221
      View Details
    • $355,000
      1,263 SF

      South Flores Restaurant - $355K

      Prime San Antonio Restaurant, High Traffic
      6900 Flores St, San Antonio, TX 78221
      View Details
    • $1,790,000
      3,220 SF

      San Antonio Entertainment Venue

      Thriving Music Venue, Huge Potential
      18086 Pleasanton Rd, San Antonio, TX 78221
      View Details
    • Contact for pricing

      Commercial Buildings with Ample Parking

      Two commercial buildings in high-traffic, densely populated area.
      2216 Commercial Ave, San Antonio, TX 78221
      View Details
    • $250,000
      4.96 Acres

      Land Near 410 South

      4.955 acres of land ready for development.
      12060 Pleasanton Rd, San Antonio, TX 78221
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,307 SF

      Retail Space Near South Park

      Retail spaces available in well-established shopping center near IH-35.
      1310-1328 SW Military Dr, San Antonio, TX 78221
      View Details
    • Contact for pricing
      3,665 SF

      H-E-B Anchored Retail Space

      Retail spaces available in high-traffic, H-E-B anchored shopping center.
      735 SW Military Dr, San Antonio, TX 78221
      View Details
    • Contact for pricing
      58,215 SF

      Mayan Shopping Center: Bexar County

      Established Shopping Center, High Traffic Area
      1918 Military Dr, San Antonio, TX 78221
      View Details
    • Contact for pricing

      Retail Center Near South Park

      Established retail center with high visibility near IH 35.
      1310 SW Military Dr, San Antonio, TX 78221
      View Details
    • $9 SF/Yr
      41,920 SF

      Prime San Antonio Retail Space

      Large Vacant Retail Building, 41,920 SF
      3847 Pleasanton Rd, San Antonio, TX 78221
      View Details
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    1217 Military Dr
    San Antonio, TX 78221
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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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