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    1581 Austin Hwy San Antonio, TX 78218-1848
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    Property profile & analytics

    1581 Austin Hwy, San Antonio, TX 78218-1848

    View on Map
    • Drug stores
    • 13,378 SF
    • 1.46 lot acres
    Off-Market
    Last Sale Nov 20, 2024
    Property ID
    US82-4144430
    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.
    Value Estimations
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walgreens / Grocery & Convenience Store
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Western Union / Bank / Credit Union
    • Walgreens Pharmacy / Pharmacy
    • Tyra Francis, MD / Medical Clinic

    Property Details for 1581 Austin Hwy

    Year built
    1994
    Lot size
    1.46 lot acres
    Property type
    Drug stores
    APN
    08712-001-0100
    APU
    87120010100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 23, 2017 — Sabrina Bassmann Bassmann Rudi & Inge Trust Quit Claim Deed · related —
    Dec 26, 2012 — Bassmann Rudi & Inge Living Trust Bassmann Rudi & Inge Trust Quit Claim Deed · related —
    May 23, 2008 — Ronald J Bassmann Bassmann Rudi & Inge Trust Quit Claim Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,706,000
      Market price range: $479k - $1.86M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,135,000
      Current use
      RESTAURANT
      $2,215,000
      Change: +96% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,390,000
      Change: +22% Conversion: Difficult
      MEDICAL BUILDING
      $1,105,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4312
    Latitude
    29.4954
    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
    $56,813
    $1,679,970
    $795,030
    $2,475,000
    -
    $1,679,970
    $795,030
    $2,475,000

    Comparable in this City

    • Value Estimation
      $1,325,000
      11,360 SF

      5506 Walzem Rd

      DRUG STORE, PHARMACY
      5506 Walzem Rd, Windcrest, TX 78218-2103
      View Details
    • Value Estimation
      $1,615,000
      13,936 SF

      5760 Walzem Rd

      DRUG STORE, PHARMACY
      5760 Walzem Rd, Windcrest, TX 78218-2107
      View Details
    • Value Estimation
      $1,610,000
      13,366 SF

      6363 Rittiman Rd

      DRUG STORE, PHARMACY
      6363 Rittiman Rd, San Antonio, TX 78218-4700
      View Details
    • Value Estimation
      $1,050,000
      24,124 SF

      7900 Interstate 35

      RETAIL STORES (PERSONAL SERVICES)
      7900 Interstate 35, Windcrest, TX 78218
      View Details
    • Value Estimation
      $1,110,000
      19,920 SF

      5318 Walzem Rd

      FINANCIAL BUILDING
      5318 Walzem Rd, Windcrest, TX 78218-2123
      View Details
    • Value Estimation
      $620,000
      3,528 SF

      4801 Walzem Rd

      CONVENIENCE STORE
      4801 Walzem Rd, Windcrest, TX 78218-2114
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,898 SF

      Retail Property Near Rackspace Headquarters

      Long-term national credit tenant in Windcrest, near Rackspace Headquarters.
      5001 Walzem Rd, San Antonio, TX 78218
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    • Contact for pricing
      1,147 SF

      Retail Space in Strong Corridor

      Retail space with high visibility and strong tenant mix.
      5253-5299 Walzem Rd, San Antonio, TX 78218
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      6,400 SF

      Prime Retail Space Available

      Retail space on a bustling corridor with high visibility.
      7031 Ray Bon Dr, San Antonio, TX 78218
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      19,650 SF

      Retail Property Near I-35

      Retail property with corporate guarantee and below market rent.
      6430 Fairdale Dr, San Antonio, TX 78218
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      7,566 SF

      San Antonio Land For Sale

      Land available for sale in San Antonio, Texas.
      2830 Loop 410 NE, San Antonio, TX 78218
      View Details
    • Contact for pricing
      3,580 SF

      Profitable Smoke Shop Business Opportunity

      Established smoke shop with high margins in prime location.
      5281 Walzem Rd, San Antonio, TX 78218
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    Similar Nearby for Lease

    • Contact for pricing
      11,360 SF

      High-Visibility Corner Retail Space

      Former CVS with excellent signage and multiple access points.
      5506 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      960 SF

      Retail Space Available For Rent

      Retail spaces available, some end caps, mostly services center.
      137-151 Lanark Dr, San Antonio, TX 78218
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space on Austin Hwy

      Retail space available for lease on Austin Highway.
      2011-2015 Austin Hwy, San Antonio, TX 78218
      View Details
    • Contact for pricing
      44,000 SF

      Retail Space on Walzem Road

      Retail property with high traffic and multiple access points.
      5710-5820 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      7,800 SF

      Retail Space with Pylon Signage

      7,800 SF retail space with prominent pylon signage.
      1568 Austin Hwy, San Antonio, TX 78218
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Walzem Road

      Retail space available with high traffic and visibility.
      5806 Walzem Rd, San Antonio, TX 78218
      View Details
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    San Antonio, TX 78218-1848
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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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