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

    18838 Fm 2252 Garden Ridge, TX 78266-3008

    • Commercial real estate
    • 20,686 SF
    • 9.99 lot acres
    OFF-MARKET
    Last Sale
    Jan 05, 2024
    Value Estimations
    $2,445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1331881
    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

    • Commercial real estate

    Property Details for 18838 Fm 2252

    Year built
    1985
    Lot size
    9.99 lot acres
    Property size
    20,686 SF
    Property type
    Commercial real estate
    APN
    74-0383-0040-00
    APU
    740383004000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,531,000
      Market price range: $808k - $2.77M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,655,000
      Current use
      RESTAURANT
      $2,795,000
      Change: +69% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,460,000
      Change: +49% Conversion: Difficult
      RETAIL STORES
      $2,350,000
      Change: +42% Conversion: Easy
      MEDICAL BUILDING
      $1,710,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden Ridge
    County
    Comal
    State
    Texas
    Longitude
    -98.3126
    Latitude
    29.614
    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
    $89,815
    $1,329,561
    $4,883,869
    $6,213,430
    -
    $1,329,561
    $4,883,869
    $6,213,430

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      Bracken Dr

      COMMERCIAL (GENERAL) • 0.10 Acres
      Bracken Dr, Garden Ridge, TX 78266
      View Details
    • Value Estimation
      $6,315,000
      307,240 SF

      17654 Ben E Keith Way

      COMMERCIAL (GENERAL) • 307,240 SF
      17654 Ben E Keith Way, San Antonio, TX 78266
      View Details
    • Value Estimation
      $945,000
      6,800 SF

      20376 Fm 2252nd Ste, Unit 201

      COMMERCIAL (GENERAL) • 6,800 SF
      20376 Fm 2252nd Ste, San Antonio, TX 78266-2827
      View Details
    • Value Estimation
      $505,000
      4,260 SF

      18817 Fm 2252

      COMMERCIAL (GENERAL) • 4,260 SF
      18817 Fm 2252, San Antonio, TX 78266-2924
      View Details
    • Value Estimation by Request
      3,420 SF

      20377 Fm 2252

      COMMERCIAL (GENERAL) • 3,420 SF
      20377 Fm 2252, Garden Ridge, TX 78266-2614
      View Details
    • Value Estimation by Request
      11,800 SF

      22480 Fm 3009

      COMMERCIAL (GENERAL) • 11,800 SF
      22480 Fm 3009, San Antonio, TX 78266-3021
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25.37 Acres

      San Antonio Industrial Land - 25 Acres

      Prime industrial land, excellent location, utilities available.
      17097 Nacogdoches Rd, San Antonio, TX 78266
      View Details
    • Contact for pricing
      88.00 Acres

      San Antonio Commercial Land

      ±88 Acres, 3 Lots, Prime Location
      17097 Nacogdoches Rd, San Antonio, TX 78266
      View Details
    • $2,100,000

      Garden Ridge Commercial Land

      12.84 Acres, Prime Development Opportunity
      19503 Fm 2252, Garden Ridge, TX 78266
      View Details
    • Contact for pricing

      Industrial Land Near Expressway System

      Industrial land with multiple access routes to the expressway.
      18981 Marbach Ln, San Antonio, TX 78266
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    • $433,035

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
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    • $333,000

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
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    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Loop 1604 Retail Space Available

      San Antonio Retail Pad Site - 8,000 SF
      1604 And Nacogdoches Rd, San Antonio, TX 78266
      View Details
    • $288 SF/Yr
      3,623 SF

      FM 2252

      Retail properties
      18875 Fm 2252, San Antonio, TX 78266
      View Details
    • $10 SF/Yr
      38,311 SF

      San Antonio Industrial Warehouse Space

      Flex space, 2,000-20,000 sq ft available
      18975 Marbach Ln, San Antonio, TX 78266
      View Details
    • Contact for pricing
      29,631 SF

      San Antonio Warehouse Space Available

      29,631 square foot warehouse space for lease.
      7951 Evans Rd, San Antonio, TX 78266
      View Details
    • $21 SF/Yr
      3,209 SF

      Garden Ridge Office Space Available

      Office space with reception, workroom, and private restroom.
      19115 Farm To Market Rd, Garden Ridge, TX 78266
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Culebra Commons

      Retail, restaurant, and service space in a growing area.
      7118 W Loop 1604 N, San Antonio, TX 78266
      View Details
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    18838 Fm 2252
    Garden Ridge, TX 78266-3008
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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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