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    Property profile & analytics

    1730 Military Dr San Antonio, TX 78221-1400

    • Medical offices
    • 8,768 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0855442
    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

    • EMS Universal Education - San Antonio / Vocational School
    • The Root Canal Doctor / Endodontist
    • Glenn H. Goree, LPC / Counselor
    • South Sand Medical Eye Clinic / Doctor
    • Tia Tucker - State Farm Insurance Agent / Life Insurance Agency / Renter'S Insurance Agency

    Property Details for 1730 Military Dr

    Year built
    1982
    Lot size
    0.34 lot acres
    Property size
    8,768 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    09306-004-0110
    APU
    93060040110

    Description

    The Meridian, a Class B office building (17,808 total square feet) at 1730 SW Military Drive in San Antonio, offers exceptional office space. Built in 1982 and recently renovated, this property boasts updated interiors featuring new laminate flooring, tile, and paint, along with attractive landscaping. Multiple tenancy options are available, with spaces ranging from a minimum of 184 square feet to a maximum contiguous space of 2,582 square feet. The building features private offices and restrooms within each suite. Its strategic location offers high visibility from SW Military Drive, a major San Antonio thoroughfare, and convenient access to I-35, South Park Mall, and other key areas. The property sits on a 0.74-acre lot and benefits from ample rear parking and two large, high-ceiling entrances. A strong mix of professional and medical tenants already occupy the building, creating a vibrant and established community. Signage opportunities are available to enhance your business presence. This is an ideal location in a rapidly growing section of San Antonio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $702,000
      Market price range: $354k - $1.07M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $725,000
      Current use
      WAREHOUSE, STORAGE
      $710,000
      Change: -2% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $635,000
      Change: -12% Conversion: Moderate
      OFFICE BUILDING
      $580,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.521
    Latitude
    29.3563
    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
    $50,849
    $234,040
    $1,765,960
    $2,000,000
    -
    $234,040
    $1,765,960
    $2,000,000

    Comparable in this City

    • Value Estimation
      $420,000
      4,176 SF

      1402 Military Dr

      MEDICAL BUILDING • 4,176 SF
      1402 Military Dr, San Antonio, TX 78221-1556
      View Details
    • Value Estimation
      $710,000
      16,212 SF

      8119 Flores St

      MEDICAL BUILDING • 16,212 SF
      8119 Flores St, San Antonio, TX 78221-3019
      View Details
    • Value Estimation
      $285,000
      5,298 SF

      2515 Pleasanton Rd

      MEDICAL BUILDING • 5,298 SF
      2515 Pleasanton Rd, San Antonio, TX 78221-1506
      View Details
    • Value Estimation
      $325,000
      3,348 SF

      2119 Commercial Ave

      MEDICAL BUILDING • 3,348 SF
      2119 Commercial Ave, San Antonio, TX 78221-1420
      View Details
    • Value Estimation
      $370,000
      2,250 SF

      2414 Commercial Ave

      MEDICAL BUILDING • 2,250 SF
      2414 Commercial Ave, San Antonio, TX 78221-1703
      View Details
    • Value Estimation
      $525,000
      14,651 SF

      2404 Commercial Ave

      MEDICAL BUILDING • 14,651 SF
      2404 Commercial Ave, San Antonio, TX 78221-1703
      View Details

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    Similar Nearby for Lease

    • $25 SF/Yr
      3,027 SF

      Renovated Office Space Available

      Professional office space with recent renovations and high visibility.
      1730 SW Military Dr, San Antonio, TX 78221
      View Details
    • Contact for pricing
      7,290 SF

      Office Space Available For Rent

      Office space available for lease, approximately 7290 square feet.
      1327 SW Military Dr, San Antonio, TX 78221
      View Details
    • $31 SF/Yr
      7,713 SF

      Class A Office Building For Rent

      Four-story Class A office building with highway visibility.
      19138 Us Highway 281 N, San Antonio, TX 78221
      View Details
    • Contact for pricing
      58,215 SF

      Mayan Shopping Center: Bexar County

      Established Shopping Center, High Traffic Area
      1918 Military Dr, San Antonio, TX 78221
      View Details
    • $9 SF/Yr
      41,920 SF

      Prime San Antonio Retail Space

      Large Vacant Retail Building, 41,920 SF
      3847 Pleasanton Rd, San Antonio, TX 78221
      View Details
    • $24 SF/Yr
      120,913 SF

      Retail Space Near H-E-B

      Retail spaces available near major retailers on Southwest Military Drive.
      518 Southwest Military Dr, San Antonio, TX 78221
      View Details
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    San Antonio, TX 78221-1400
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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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