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

    1508 Bandera Rd San Antonio, TX 78228-4005

    • Strip malls
    • 5,679 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Oct 11, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4764551
    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

    • A Approved Defensive Driving / Driving School
    • Morales Jewelry / Fashion Accessories Store

    Property Details for 1508 Bandera Rd

    Year built
    1972
    Lot size
    0.63 lot acres
    Property size
    5,679 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    08394-001-0430
    APU
    83940010430

    Description

    This single-tenant traditional office space, located at 1508 Bandera Rd in San Antonio, Texas, offers 1,000 square feet of vacant space within a 5,679-square-foot building. The property sits on a 0.63-acre lot and boasts 30 total parking spaces, providing ample convenience for employees and clients. Its C-2 zoning allows for a variety of commercial uses. The property enjoys high visibility on Bandera Road and benefits from its proximity to Interstate 410 (within 2 miles), ensuring excellent accessibility. Situated in the Donaldson Terrace submarket (Near Northwest San Antonio), this location is surrounded by a densely populated area with approximately 61,243 residents and 22,660 households within a 2-mile radius. The property's tax rate is $2.38 per square foot. The APN is 08394-001-0430 and the zip code is 78228. This prime location presents a significant opportunity for businesses seeking high visibility and convenient access to a large customer base. The information provided is believed to be accurate but is not guaranteed. All information is subject to change without notice.

    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
    -98.5675
    Latitude
    29.4675
    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
    $13,461
    $245,200
    $325,250
    $570,450
    -
    $245,200
    $325,250
    $570,450

    Comparable in this City

    • Value Estimation
      $1,085,000
      27,402 SF

      3654 Culebra Rd

      SHOPPING CENTER, STRIP CENTER • 27,402 SF
      3654 Culebra Rd, San Antonio, TX 78228-5916
      View Details
    • Value Estimation by Request
      4,002 SF

      600 Bandera Rd

      SHOPPING CENTER, STRIP CENTER • 4,002 SF
      600 Bandera Rd, San Antonio, TX 78228-5237
      View Details
    • Value Estimation by Request
      2,560 SF

      442 Bandera Rd

      SHOPPING CENTER, STRIP CENTER • 2,560 SF
      442 Bandera Rd, San Antonio, TX 78228-5520
      View Details
    • Value Estimation
      $550,000
      11,520 SF

      2009 Bandera Rd

      SHOPPING CENTER, STRIP CENTER • 11,520 SF
      2009 Bandera Rd, San Antonio, TX 78228-2816
      View Details
    • Value Estimation by Request
      4,000 SF

      1126 Bandera Rd

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      1126 Bandera Rd, San Antonio, TX 78228-4023
      View Details
    • Value Estimation by Request
      5,800 SF

      1821 Bandera Rd

      SHOPPING CENTER, STRIP CENTER • 5,800 SF
      1821 Bandera Rd, San Antonio, TX 78228-3839
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,500 SF

      Bandera Road Retail Center

      San Antonio Shopping Center - 18,500 SF
      451 Bandera Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing

      Retail Center with Great Lease

      Retail center with favorable lease rates, near Dollar General.
      1014 Donaldson 1014, San Antonio, TX 78228
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      19,730 SF

      Income-Producing Properties in San Antonio

      Two multi-tenant buildings with upside potential in Near Northwest submarket.
      3570-3580 Culebra Rd, San Antonio, TX 78228
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    • Contact for pricing

      Retail/Office Space For Sale

      Conveniently located retail or office spaces with customization options.
      1569 Bandera Rd, San Antonio, TX 78228
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    • $300,000
      2,480 SF

      San Antonio Mixed-Use Investment Property

      Mixed-use property with retail and residential units in San Antonio.
      2148 Cincinnati Ave, San Antonio, TX 78228
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    • $950,000

      Commercial Building with Existing Income

      Income-producing commercial property with multiple business possibilities.
      2728 Culebra Rd, San Antonio, TX 78228
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    Similar Nearby for Lease

    • $15 SF/Yr
      2,500 SF

      Retail Space in San Antonio

      Retail or office spaces available in a high-traffic location.
      1571-1589 Bandera Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing
      9,040 SF

      Retail Space in Established Center

      Neighborhood retail center space for lease near Walmart Supercenter.
      813-849 Bandera Rd, San Antonio, TX 78228
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      3,999 SF

      Retail Space with Drive-Thru

      Retail space available with drive-thru in San Antonio, TX.
      1704 Bandera Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Walmart Anchored Center

      Retail space available in high-traffic Walmart-anchored shopping center.
      934 Bandera Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing
      1,080 SF

      Retail Space on Bandera Road

      1,080 SF in-line retail space available for lease.
      11650 Bandera Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing
      3,040 SF

      Retail Space Available for Lease

      Retail space available for lease in San Antonio, Texas.
      1726 Bandera Rd, San Antonio, TX 78228
      View Details
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    San Antonio, TX 78228-4005
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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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