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

    1503 Military Dr San Antonio, TX 78221-1426

    • Grocery and convenience stores
    • 2,654 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3933330
    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

    • Western Union / Money Transfer Service
    • Circle K / Convenience Store / Gas Station
    • Redbox / Movie Rental Kiosk / Dvd Store
    • Amazon Locker - Baran / Shipping And Mailing Service
    • Circle K ATM / Atm

    Property Details for 1503 Military Dr

    Year built
    1987
    Lot size
    0.51 lot acres
    Property size
    2,654 SF
    Property type
    Grocery and convenience stores
    APN
    08626-000-0150
    APU
    86260000150

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5166
    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
    $21,611
    $656,530
    $193,470
    $850,000
    -
    $656,530
    $193,470
    $850,000

    Comparable in this City

    • Value Estimation
      $915,000
      5,831 SF

      11311 Us Hwy 281

      CONVENIENCE STORE • 5,831 SF
      11311 Us Hwy 281, San Antonio, TX 78221-1140
      View Details
    • Value Estimation by Request
      2,539 SF

      3119 Commercial Ave

      CONVENIENCE STORE • 2,539 SF
      3119 Commercial Ave, San Antonio, TX 78221-2548
      View Details
    • Value Estimation by Request
      922 SF

      1901 Pleasanton Rd

      CONVENIENCE STORE • 922 SF
      1901 Pleasanton Rd, San Antonio, TX 78221-1210
      View Details
    • Value Estimation by Request
      2,532 SF

      539 Southcross Blvd

      CONVENIENCE STORE • 2,532 SF
      539 Southcross Blvd, San Antonio, TX 78221-1161
      View Details
    • Value Estimation
      $7,295,000
      41,554 SF

      3847 Pleasanton Rd

      GROCERY, SUPERMARKET • 41,554 SF
      3847 Pleasanton Rd, San Antonio, TX 78221-3232
      View Details
    • Value Estimation by Request
      4,000 SF

      3319 Pleasanton Rd

      CONVENIENCE STORE • 4,000 SF
      3319 Pleasanton Rd, San Antonio, TX 78221-2330
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Stand-Alone Retail Building For Sale

      Corner lot retail building with high visibility and ample parking.
      1339 Military Dr, San Antonio, TX 78221
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    • $1,800,000

      Commercial Buildings with Ample Parking

      Two commercial buildings in high-traffic, densely populated area.
      2216 Commercial Ave, San Antonio, TX 78221
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      La Plaza Linda Retail Center

      Retail center with store and event center, retail space.
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      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
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    • $355,000
      1,263 SF

      South Flores Restaurant - $355K

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

      San Antonio Entertainment Venue

      Thriving Music Venue, Huge Potential
      18086 Pleasanton Rd, San Antonio, TX 78221
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      120,913 SF

      Retail Space Near H-E-B

      Retail spaces available near major retailers on Southwest Military Drive.
      518 Southwest 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
      71,807 SF

      Retail Sublease Opportunity

      Retail space available for sublease in a densely populated area.
      3847 Pleasanton Rd, San Antonio, TX 78221
      View Details
    • 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
    • $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
    • Contact for pricing
      3,622 SF

      Restaurant Space in High-Traffic Area

      Turn-key restaurant space in a high-traffic retail corridor.
      1633 SW Military Dr, San Antonio, TX 78221
      View Details
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    1503 Military Dr
    San Antonio, TX 78221-1426
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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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