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    Property profile & analytics

    1505 Houston St San Antonio, TX 78202

    • Office Properties & Spaces
    • 7,532 SF
    • 0.96 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4505857
    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

    • Avalon Motor Coaches, LLC / Transportation Service
    • Daisy Charters & Shuttles / Bus Tour Agency

    Property Details for 1505 Houston St

    Year built
    1946
    Lot size
    0.96 lot acres
    Property size
    7,532 SF
    Property type
    Office Properties & Spaces
    APN
    00569-017-0111
    APU
    5690170111

    Description

    This exceptional 7,532-square-foot retail property, built in 1946, presents a unique investment opportunity in San Antonio's vibrant Dignowity Hill neighborhood. The single-story building sits on a 1.3-acre lot and is zoned C-2 & I-1, offering flexibility for a variety of uses. Currently configured as an auto shop, the property's substantial size and prime location make it ideal for owner-occupancy or redevelopment. Its strategic position near downtown San Antonio provides easy access to the Central Business District (CBD), Saint Paul's Square, the Alamodome, and Hemisphere. The property benefits from excellent connectivity to major transportation arteries, including I-35 and I-10, and is conveniently located near public transit. This location is part of San Antonio's East side corridor, currently undergoing significant commercial and residential revitalization, presenting substantial future growth potential. The property's size and zoning make it a compelling prospect for investors seeking a covered land play or an owner-user seeking a well-situated space. The address is 1505 E Houston St, San Antonio, TX 78202.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,610,000
      6.5%
      $1,485,000
      7%
      $1,380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,167,000
      Market price range: $533k - $1.89M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4743
    Latitude
    29.4254
    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
    $21,554
    $574,560
    $290,090
    $864,650
    -
    $574,560
    $290,090
    $864,650

    Comparable in this City

    • Value Estimation
      $985,000
      4,400 SF

      621 Chestnut St

      OFFICE (GENERAL) • 4,400 SF
      621 Chestnut St, San Antonio, TX 78202-1917
      View Details
    • Value Estimation by Request
      1,672 SF

      135 Paso Hondo

      OFFICE (GENERAL) • 1,672 SF
      135 Paso Hondo, San Antonio, TX 78202-2759
      View Details
    • Value Estimation by Request
      1,207 SF

      300 New Braunfels Ave

      OFFICE (GENERAL) • 1,207 SF
      300 New Braunfels Ave, San Antonio, TX 78202
      View Details
    • Value Estimation
      $2,080,000
      11,568 SF

      231 Rotary

      OFFICE (GENERAL) • 11,568 SF
      231 Rotary, San Antonio, TX 78202-1656
      View Details
    • Value Estimation
      $750,000
      3,985 SF

      314 Hackberry St

      OFFICE (GENERAL) • 3,985 SF
      314 Hackberry St, San Antonio, TX 78202-1123
      View Details
    • Value Estimation by Request
      1,378 SF

      1827 Houston St

      OFFICE (GENERAL) • 1,378 SF
      1827 Houston St, San Antonio, TX 78202-2975
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,545 SF

      Historic Dignowity Hill Office Space

      Office space in historic Dignowity Hill near downtown.
      901 N Pine St, San Antonio, TX 78202
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      Versatile Commercial Building For Sale

      Multi-use building with office, warehouse, and cooler spaces.
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    • $195,000
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      Prime San Antonio Industrial Land

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      Downtown lot in up and coming area with city views.
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      0.07 Acres

      San Antonio Land For Sale

      Land in developing Eastside Promise neighborhood, ideal for multi-family development.
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      San Antonio Land For Sale

      Land in up-and-coming Dignowity Hill District, San Antonio.
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    Similar Nearby for Lease

    • $34 SF/Yr
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      Prime location, flexible suites, immediate occupancy.
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      Renovated Duplex in Dignowity Hill

      Renovated 1-bedroom duplex in historic Dignowity Hill.
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      View Details
    • Contact for pricing
      13,688 SF

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru, available for lease or ground-lease.
      2200 E Houston St, San Antonio, TX 78202
      View Details
    • Contact for pricing
      4,295 SF

      Refrigerated Facility Near Major Interstates

      Renovated refrigerated facility with dock doors and security features.
      1403 E Houston St, San Antonio, TX 78202
      View Details
    • Contact for pricing
      2,425 SF

      Alamo Heights Retail Space Available

      Retail space available in the heart of Alamo Heights.
      6314 N New Braunfels Ave, San Antonio, TX 78202
      View Details
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    1505 Houston St
    San Antonio, TX 78202
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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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