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Property profile & analytics
FOR LEASE
Distribution centers
1228 Cornerway Blvd San Antonio, TX 78219
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-5577042
For Lease
1 / 6
$3,365,000
1228 Cornerway Blvd, San Antonio, TX 78219
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Total area
180,000 SF
Lot
11.33 ac (493,709 SF)
APN
17982-000-0070
UPID
US82-5577042
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bodega Brewery & Distillery Specialty Food Shop
-
Prime Bids Trade Show Venue (Bike/Boat/Book/etc) Store
-
Victory Packaging Big Box & Wholesale Store
-
Precision Managed IT Tech Support Center IT Consulting Firm
-
Awaken Arena (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.37M
Owner & transaction history
Tlp 1228 Cornerway LLC · 3 yrs held
Tlp 1228 Cornerway LLC
since 2023
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Antonio submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Antonio submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$19 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$367,936
Tax year 2023
Assessed value
$15,500,000
Assessed 2024
Previous assessed
$15,500,000
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$1,895,840
Assessed improvement
$13,604,160
Land market value
$1,895,840
Improvement market value
$13,604,160
Total market value
$15,500,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2006
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
180,000 SF
Lot
11.33 ac (493,709 SF)
APN
17982-000-0070
UPID
US82-5577042
Jurisdiction
BEXAR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2006
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
11.33 ac
Current owner
From public records · entity-resolved
Tlp 1228 Cornerway LLC
Entity
Free & Clear · 3 yrs held
Mailing address
17TH BUTTERFIELD RD, OAKBROOK TERRACE, IL 60181-4001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
—
Tlp 8151 Interchange LLC
—
Deed
related
$94,000,000 · Nationwide Life Insurance Company
Mar 16, 2023
—
Tlp 1228 Cornerway LLC
Icon Owner Pool 1 Texas LLC
Special Warranty Deed
—
Oct 2, 2019
—
Icon Owner Pool 1 Texas LLC
—
Deed
related
—
Mar 6, 2015
—
Icon Owner Pool 1 Texas LLC
Bre Of Dp Tx LLC
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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