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

    1621 Martin St San Antonio, TX 78207-2646

    • Retail space
    • 1,524 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    6.7%
    Retail space
    Location Intelligence
    Property ID
    US82-5831492
    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

    • 2nd Chance Bail Bonds / Bail Bonds Service

    Property Details for 1621 Martin St

    Year built
    1942
    Lot size
    0.14 lot acres
    Property size
    1,524 SF
    Property type
    Retail space
    APN
    02231-004-0133
    APU
    22310040133

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $340,000
      6.5%
      $315,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $373,000
      Market price range: $142k - $409k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $280,000
      Current use
      COMMERCIAL (GENERAL)
      $290,000
      Change: +4% Conversion: Easy
      AUTO REPAIR, GARAGE
      $230,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5103
    Latitude
    29.4308
    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
    $3,988
    $54,260
    $138,970
    $193,230
    -
    $54,260
    $138,970
    $193,230

    Comparable in this City

    • Value Estimation
      $300,000
      240 SF

      1023 Guadalupe St

      RETAIL STORES (PERSONAL SERVICES) • 240 SF
      1023 Guadalupe St, San Antonio, TX 78207-5572
      View Details
    • Value Estimation
      $280,000
      1,362 SF

      2426 Martin St

      RETAIL STORES (PERSONAL SERVICES) • 1,362 SF
      2426 Martin St, San Antonio, TX 78207-2935
      View Details
    • Value Estimation
      $290,000
      792 SF

      2900 Colima St

      RETAIL STORES (PERSONAL SERVICES) • 792 SF
      2900 Colima St, San Antonio, TX 78207-5707
      View Details
    • Value Estimation
      $275,000
      792 SF

      336 Castroville Rd

      RETAIL STORES (PERSONAL SERVICES) • 792 SF
      336 Castroville Rd, San Antonio, TX 78207-5145
      View Details
    • Value Estimation
      $745,000
      22,512 SF

      4114 Commerce St

      RETAIL STORES (PERSONAL SERVICES) • 22,512 SF
      4114 Commerce St, San Antonio, TX 78207-1474
      View Details
    • Value Estimation
      $575,000
      15,892 SF

      803 Dolorosa

      RETAIL STORES (PERSONAL SERVICES) • 15,892 SF
      803 Dolorosa, San Antonio, TX 78207
      View Details

    Similar Nearby for Sale

    • $260,000
      3,317 SF

      Westside Commercial Space For Sale

      3,317 SF commercial space in San Antonio's booming Westside.
      2503 W Martin St, San Antonio, TX 78207
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office space with frontage on Elmendorf Lake.
      3815 W Commerce St, San Antonio, TX 78207
      View Details
    • $129,000

      Corner Lot with Commercial Potential

      Spacious property near downtown with business and residential possibilities.
      2402 W Martin St, San Antonio, TX 78207
      View Details
    • $75,000

      Corner Lot Near Downtown

      Spacious property with main house and rear building ready for transformation.
      102 S Rosillo St, San Antonio, TX 78207
      View Details
    • Contact for pricing
      5,398 SF

      San Antonio Nightclub Opportunity

      5,300 SF nightclub building on 0.3-acre lot for sale.
      3239 W Commerce St, San Antonio, TX 78207
      View Details
    • Contact for pricing
      19,329 SF

      Historic Building in Opportunity Zone

      Historic landmark building in inclusive growth area near Westside.
      118 N Medina St, San Antonio, TX 78207
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    Similar Nearby for Lease

    • Contact for pricing
      3,452 SF

      Retail Space Available For Lease

      Retail space available for lease. Contact broker for details.
      4001 W Commerce St, San Antonio, TX 78207
      View Details
    • $13 SF/Yr
      80,000 SF

      Empire Plaza Retail Center

      San Antonio retail space, 16,000 sq ft available
      2106-2118 Zarzamora St, San Antonio, TX 78207
      View Details
    • Contact for pricing
      7,200 SF

      Prime Flex Space W Commerce St.

      7,200 SF Flex Space - San Antonio
      1811 Commerce St, San Antonio, TX 78207
      View Details
    • $15 SF/Yr
      18,000 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility, strong tenant mix, ample parking.
      2118 S Zarzamora St, San Antonio, TX 78207
      View Details
    • Contact for pricing

      San Antonio Parking and Retail

      Parking and retail spaces available on Zarzamora Street.
      422 South Zarzamora St, San Antonio, TX 78207
      View Details
    • Contact for pricing
      200 SF

      San Antonio Commercial Kitchen Space

      200 sq ft Ghost Kitchen - Bexar County
      427 Lombrano St, San Antonio, TX 78207
      View Details
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    1621 Martin St
    San Antonio, TX 78207-2646
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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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