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    16656 Classen Rd San Antonio, TX 78247
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    16656 Classen Rd San Antonio, TX 78247

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    • Commercial land
    For Sale
    $575,000
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    Land For Sale
    $575,000
    2.00 Acres

    Land

    Commercial land · 2.00 Acres

    16656 Classen Rd, San Antonio, TX 78247
    View Listing
    Property ID
    US82-4070132
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 16656 Classen Rd

    Property type
    Commercial land
    Property subtype
    Auto shops

    Description

    Strategically located on the corner of Classen Rd and Corian Springs Drive near loop 1604 2 acres on an ideal corner lot Great usage for retail, liquor store, auto mechanic, tire repair and appliance sales

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.4083957
    Latitude
    29.5942356

    Comparable in this City

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      Bulverde Automotive Repair Shop

      3.53-acre property with 3,870 sq. ft. building.
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      Prime Commercial Development Opportunity

      4.56-acre mixed-use property with C2 zoning in San Antonio, TX.
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      Commercial Land on Loop 1604

      Commercial land with direct access and visibility on Loop 1604.
      3508 N Loop 1604 E, San Antonio, TX 78247
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      Corner Lot Development Opportunity

      Prime corner lot ideal for retail, office, or medical developments.
      13002 Jones Maltsberger Rd, San Antonio, TX 78247
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      Prime Commercial Land on Loop 1604

      1.91 acres with high visibility and commercial zoning.
      3502 N Loop 1604 E, San Antonio, TX 78247
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    Similar Nearby for Sale

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      850 SF

      New Costa Oil NNN Lease

      Brand-new 15-year NNN lease with 3% annual rental increases.
      16514 Nacogdoches Rd, San Antonio, TX 78247
      View Details
    • Contact for pricing
      3,870 SF

      Bulverde Automotive Repair Shop

      3.53-acre property with 3,870 sq. ft. building.
      15451 Bulverde Rd, San Antonio, TX 78247
      View Details
    • Contact for pricing

      Prime Commercial Development Opportunity

      4.56-acre mixed-use property with C2 zoning in San Antonio, TX.
      0011 Nacogdoches Rd, San Antonio, TX 78247
      View Details
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      Ready-to-Build Commercial Land Available

      Platted land suitable for self-storage, retail, flex, and auto repair.
      15705 O'connor Rd, San Antonio, TX 78247
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    • $1,375,000

      San Antonio Land For Sale

      Commercial land available in San Antonio, Texas.
      5550 Mountain Vista Dr, San Antonio, TX 78247
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      Commercial Land on Loop 1604

      Commercial land with direct access and visibility on Loop 1604.
      3508 N Loop 1604 E, San Antonio, TX 78247
      View Details

    Similar Nearby for Lease

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      Retail Building Near Loop 1604

      One-story retail building with storefront access and on-site parking.
      16502 Nacogdoches Rd, San Antonio, TX 78247
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      Neighborhood Center on Nacogdoches Road

      Neighborhood center at a signalized corner of Nacogdoches and Judson.
      15033 Nacogdoches Rd, San Antonio, TX 78247
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      Industrial Land For Lease

      I-1 zoned industrial land available for lease.
      14803 Bulverde Rd, San Antonio, TX 78247
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      Mixed-Use Development Retail Space

      Retail, restaurant, and office spaces available in San Antonio.
      17026 Bulverde Rd, San Antonio, TX 78247
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      Neighborhood Shopping Center For Rent

      Neighborhood shopping center available for rent.
      14103 Nacogdoches Rd, San Antonio, TX 78247
      View Details
    • Contact for pricing
      3,600 SF

      Nacogdoches Crossing Retail Space

      Retail space available at Nacogdoches Crossing Shopping Center.
      6826 North Loop 1604 East, San Antonio, TX 78247
      View Details
    View Listing
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    16656 Classen Rd
    San Antonio, TX 78247
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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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