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    1908 E Carson St San Antonio, TX 78208
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    1908 E Carson St, San Antonio, TX 78208

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    • Commercial land
    Off-Market
    Property ID
    US82-3105742
    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 1908 E Carson St

    Property type
    Commercial land
    Property subtype
    Residential land & home lots

    Description

    Available: 18 Individually Platted Lots – Prime San Antonio Location Available Now! Property Overview: Total Lots: 18 individually platted lots Total Combined Acreage: 3.94 acres Location: Off IH-35 and Walters Street, San Antonio, TX 78208 Zoning: C-1 (Commercial), R-6 (Residential), IDZ (Infill Development Zone) Key Features: Strategic Location: High-visibility area with direct access to IH-35 Proximity: Near Frost Bank Center and Fort Sam Houston, offering excellent growth potential Versatile Zoning: Allows for a range of development opportunities including commercial, residential, and mixed-use Investment Highlights: Prime Location: Benefit from high traffic and significant nearby landmarks Growth Opportunities: Ideal for developers and investors looking to capitalize on San Antonio’s expanding market

    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
    -98.450066
    Latitude
    29.441368

    Comparable in this City

    • $350,000
      1,031 SF

      San Antonio Land For Sale

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      Prime Land Near AT&T Center

      2.66-acre commercial land with high visibility and utility access.
      503 Roper St, San Antonio, TX 78208
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    • $875,000
      0.33 Acres

      Prime Commercial Land I-35 Frontage

      High-visibility commercial land near Pearl District and AT&T Center.
      1950 N Ih-35, San Antonio, TX 78208
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    • $139,500
      0.30 Acres

      San Antonio Land For Sale

      Commercial land with potential in San Antonio, Texas.
      519 Bee St, San Antonio, TX 78208
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      1,031 SF

      Government Hill Development Opportunity

      Prime 0.37-acre development site in Government Hill, San Antonio.
      1622 N Pine St, San Antonio, TX 78208
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    • $225,000
      0.24 Acres

      San Antonio Vacant Lot Opportunity

      Vacant lot in historic neighborhood with many possibilities.
      810 Mason St, San Antonio, TX 78208
      View Details

    Similar Nearby for Sale

    • $350,000
      1,031 SF

      San Antonio Land For Sale

      Land near downtown San Antonio with development potential.
      1622 Pine, San Antonio, TX 78208
      View Details
    • Contact for pricing

      Prime Land Near AT&T Center

      2.66-acre commercial land with high visibility and utility access.
      503 Roper St, San Antonio, TX 78208
      View Details
    • $875,000
      0.33 Acres

      Prime Commercial Land I-35 Frontage

      High-visibility commercial land near Pearl District and AT&T Center.
      1950 N Ih-35, San Antonio, TX 78208
      View Details
    • $139,500
      0.30 Acres

      San Antonio Land For Sale

      Commercial land with potential in San Antonio, Texas.
      519 Bee St, San Antonio, TX 78208
      View Details
    • Contact for pricing
      1,031 SF

      Government Hill Development Opportunity

      Prime 0.37-acre development site in Government Hill, San Antonio.
      1622 N Pine St, San Antonio, TX 78208
      View Details
    • $225,000
      0.24 Acres

      San Antonio Vacant Lot Opportunity

      Vacant lot in historic neighborhood with many possibilities.
      810 Mason St, San Antonio, TX 78208
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      San Antonio Warehouse with I-2 Zoning

      Industrial warehouses near downtown San Antonio with high traffic visibility.
      200 Seguin St, San Antonio, TX 78208
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      Updated Office in Government Hill

      Class A office space with unique city incentives available.
      1422 E Grayson St, San Antonio, TX 78208
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    • Contact for pricing
      2,645 SF

      Renovated Office with Executive Suites

      Two-story office building with flexible leasing options and ample parking.
      1927 I-35, San Antonio, TX 78208
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      Prime Parking Near Pearl District

      Parking lot near Pearl and Broadway & Grayson development available.
      1302 E Grayson St, San Antonio, TX 78208
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    • $26 SF/Yr
      19,679 SF

      Updated Office in Government Hill

      Class A office space in walkable Government Hill neighborhood.
      1422 East Grayson St, San Antonio, TX 78208
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    • Contact for pricing

      Retail Space in Government Hill

      Retail spaces available in historic Government Hill, San Antonio.
      1947 N New Braunfels Ave, San Antonio, TX 78208
      View Details
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    1908 E Carson St
    San Antonio, TX 78208
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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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