Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1649 Craig Pl San Antonio, TX 78201-5430

    • Commercial real estate
    • 0.41 lot acres
    OFF-MARKET
    Last Sale
    Apr 12, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2181944
    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

    • Woodlawn Lake Car Wash / Car Wash

    Property Details for 1649 Craig Pl

    Year built
    1996
    Lot size
    0.41 lot acres
    Property type
    Commercial real estate
    APN
    01973-031-0121
    APU
    19730310121

    Description

    This exceptional investment opportunity presents a thriving car wash business located at 1649 W Craig Place, San Antonio, Texas, 78201. Situated on a 0.41-acre lot at a hard corner intersection of N Zarzamora and W Craig Place, this property boasts high visibility and excellent traffic counts. The 3,600 square foot building, constructed in 1996, is zoned C-3NA and offers 14 parking spaces. The property features a single building with a net rentable area of 3,600 square feet, priced at $152.78 per square foot. This turnkey operation is ready for immediate takeover, presenting significant upside potential for increased profitability. The current owner is out-of-state and willing to provide financing, making this an attractive proposition for investors seeking a strong return. The property's location near Woodlawn Lake in a densely populated area ensures consistent customer traffic. The Bexar County property (APN: 01973-031-0121) offers a rare chance to acquire a well-established car wash business with immediate income potential and room for growth.

    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
    -98.5237
    Latitude
    29.4529
    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
    $5,733
    $154,810
    $75,190
    $230,000
    -
    $154,810
    $75,190
    $230,000

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      Fredericksburg Rd

      COMMERCIAL (GENERAL) • 0.04 Acres
      Fredericksburg Rd, San Antonio, TX 78201
      View Details
    • Value Estimation by Request
      8.41 Acres

      107 Raleigh Pl

      COMMERCIAL (GENERAL) • 8.41 Acres
      107 Raleigh Pl, San Antonio, TX 78201-3113
      View Details
    • Value Estimation by Request
      0.28 Acres

      1830 Ridgewood Ct

      COMMERCIAL (GENERAL) • 0.28 Acres
      1830 Ridgewood Ct, San Antonio, TX 78201
      View Details
    • Value Estimation by Request
      0.05 Acres

      3011 Fredericksburg Rd, Unit 1

      COMMERCIAL (GENERAL) • 0.05 Acres
      3011 Fredericksburg Rd, San Antonio, TX 78201-4744
      View Details
    • Value Estimation by Request
      0.03 Acres

      Mcilvaine

      COMMERCIAL (GENERAL) • 0.03 Acres
      Mcilvaine, San Antonio, TX 78201
      View Details
    • Value Estimation by Request
      0.49 Acres

      2134 Lee Hall

      COMMERCIAL (GENERAL) • 0.49 Acres
      2134 Lee Hall, San Antonio, TX 78201-3449
      View Details

    Similar Nearby for Sale

    • $299,000

      Prime San Antonio Commercial Land

      C2 Zoned Lot, High Traffic Area
      1802 Zarzamora St, San Antonio, TX 78201
      View Details
    • Contact for pricing
      11.00 Acres

      11 Acres Texas Research Park Land

      Prime 11-acre commercial land, San Antonio.
      11 Acres In Texas Research Park, San Antonio, TX 78201
      View Details
    • Contact for pricing

      Balcones Heights Commercial Land Parcel

      Prime 1200 SF lot, drive-thru potential.
      0 Fredericksburg Rd And Siesta Ln, Balcones Heights, TX 78201
      View Details
    • Contact for pricing
      1.00 Acre

      10 Acres Hwy 211 Frontage

      Prime Texas Commercial Land, San Antonio
      10 Frontage, San Antonio, TX 78201
      View Details
    • Contact for pricing
      23.55 Acres

      Texas Research Park Land

      23.55 acres, prime commercial land.
      0 23.55 Acres In Texas Research Park, San Antonio, TX 78201
      View Details
    • Contact for pricing

      Specialty Property in San Antonio

      Specialty property available for sale in San Antonio, Texas.
      118 Raleigh Pl, San Antonio, TX 78201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,049 SF

      Prime Fredericksburg Rd Retail Space

      Freestanding Building w/ Drive-Thru, San Antonio
      2319 Fredericksburg Rd, San Antonio, TX 78201
      View Details
    • Contact for pricing
      27,675 SF

      Medical/Office Space Near I-10

      27,675 SF medical/office space undergoing renovation, completion mid-2025.
      9100 Mcdermott Fwy, San Antonio, TX 78201
      View Details
    • Contact for pricing
      905 SF

      Retail Center on Fredericksburg Road

      Retail space available in high-traffic San Antonio location.
      5152 Fredericksburg Rd, San Antonio, TX 78201
      View Details
    • Contact for pricing
      1,200 SF

      Corner Office Space Available

      Office space for rent at a signalized intersection.
      3206 Fredericksburg Rd, San Antonio, TX 78201
      View Details
    • Contact for pricing

      San Antonio Duplex For Rent

      Two-bedroom duplex with new flooring and fresh paint available for rent.
      2107 W Olmos Dr, San Antonio, TX 78201
      View Details
    • Contact for pricing
      6,270 SF

      Retail Space on Fredericksburg Road

      Retail space available in San Antonio with recent exterior upgrades.
      3655 Fredericksburg Rd, San Antonio, TX 78201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1649 Craig Pl
    San Antonio, TX 78201-5430
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.