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    1918 Martin Luther King Dr San Antonio, TX 78203
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    Property profile & analytics

    1918 Martin Luther King Dr San Antonio, TX 78203

    View on Map
    • Lifestyle centers
    • 0.48 lot acres
    Off-Market
    Property ID
    US82-0855409
    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

    • Lifestyle centers

    Property Details for 1918 Martin Luther King Dr

    Lot size
    0.48 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 0.482-acre commercial corner lot in San Antonio's Denver Heights neighborhood presents a remarkable investment opportunity. Located at 1918 Martin Luther King Drive, this property boasts a C-1 zoning designation, allowing for diverse development possibilities, including grocery stores, shopping centers, and storefronts. Its strategic location directly across from St. Philip's College ensures high visibility and accessibility. The property is within walking distance of the Alamodome and the Riverwalk, providing convenient access to major attractions and amenities. Furthermore, its proximity to San Antonio's main arteries ensures excellent connectivity throughout the city. Denver Heights is experiencing significant revitalization, making this lot particularly attractive to developers and investors seeking to capitalize on the area's growth. The rich ethnic, cultural, and socio-economic diversity of the neighborhood adds to its appeal. This "mix-use" potential allows for creative development options, catering to the evolving needs of the community. The asking price is $295,000. Buyers are responsible for independently verifying all information, including taxes, measurements, and school districts. Dimensions are for illustrative purposes only.

    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
    Bexar
    State
    Texas
    Longitude
    -98.4531258
    Latitude
    29.413146

    Comparable in this City

    • $400,000
      0.29 Acres

      San Antonio Land For Sale

      Two adjacent lots ideal for mixed-use development in San Antonio.
      122 Omaha St, San Antonio, TX 78203
      View Details
    • $78,000
      0.11 Acres

      San Antonio Land For Sale

      Investment lot zoned RM-4 ready for development in a prime location.
      2326 Martin Luther King Dr, San Antonio, TX 78203
      View Details
    • $899,000

      Luxury Triplex Near Alamodome

      Turnkey investment property with three furnished luxury units near downtown.
      518 Nevada St, San Antonio, TX 78203
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    • New
      $995,000
      3,696 SF

      San Antonio Fourplex Investment Opportunity

      Modern fourplex near River Walk, ideal for investors.
      210 Piedmont Ave, San Antonio, TX 78203
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    • Contact for pricing

      Land For Sale

      Land available for sale.
      Martin Luther King Dr, San Antonio, TX 78203
      View Details
    • $275,000
      0.14 Acres

      San Antonio Dual-Frontage Lot

      Dual-frontage lot with approved plans for four residential units.
      622 Martin Luther King Dr, San Antonio, TX 78203
      View Details

    Similar Nearby for Sale

    • $400,000
      0.29 Acres

      San Antonio Land For Sale

      Two adjacent lots ideal for mixed-use development in San Antonio.
      122 Omaha St, San Antonio, TX 78203
      View Details
    • $78,000
      0.11 Acres

      San Antonio Land For Sale

      Investment lot zoned RM-4 ready for development in a prime location.
      2326 Martin Luther King Dr, San Antonio, TX 78203
      View Details
    • $899,000

      Luxury Triplex Near Alamodome

      Turnkey investment property with three furnished luxury units near downtown.
      518 Nevada St, San Antonio, TX 78203
      View Details
    • New
      $995,000
      3,696 SF

      San Antonio Fourplex Investment Opportunity

      Modern fourplex near River Walk, ideal for investors.
      210 Piedmont Ave, San Antonio, TX 78203
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Martin Luther King Dr, San Antonio, TX 78203
      View Details
    • $275,000
      0.14 Acres

      San Antonio Dual-Frontage Lot

      Dual-frontage lot with approved plans for four residential units.
      622 Martin Luther King Dr, San Antonio, TX 78203
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
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      Retail Space on Commerce Street

      Retail space available for lease on Commerce Street.
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    San Antonio, TX 78203
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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.

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