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    Property profile & analytics

    1923 Blanco Rd San Antonio, TX 78212-2618

    • Grocery and convenience stores
    • 1,820 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    7.3%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US82-1265707
    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

    • Tacos El Pelón / Restaurant
    • Blanco Star / Gas Station / Convenience Store

    Property Details for 1923 Blanco Rd

    Year built
    2014
    Lot size
    0.33 lot acres
    Property size
    1,820 SF
    Property type
    Grocery and convenience stores
    APN
    03105-004-0490
    APU
    31050040490

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $460,000
      6.5%
      $425,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $247,000
      Market price range: $186k - $309k

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5081
    Latitude
    29.4642
    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
    $14,782
    $268,870
    $324,130
    $593,000
    -
    $268,870
    $324,130
    $593,000

    Comparable in this City

    • Value Estimation
      $340,000
      1,176 SF

      2217 San Pedro Ave

      CONVENIENCE STORE • 1,176 SF
      2217 San Pedro Ave, San Antonio, TX 78212-3231
      View Details
    • Value Estimation
      $385,000
      2,460 SF

      4302 Mccullough Ave

      CONVENIENCE STORE • 2,460 SF
      4302 Mccullough Ave, Olmos Park, TX 78212-1909
      View Details
    • Value Estimation
      $340,000
      1,680 SF

      2200 San Pedro Ave

      CONVENIENCE STORE • 1,680 SF
      2200 San Pedro Ave, San Antonio, TX 78212-3230
      View Details
    • Value Estimation
      $475,000
      4,348 SF

      802 San Pedro Ave

      CONVENIENCE STORE • 4,348 SF
      802 San Pedro Ave, San Antonio, TX 78212-4640
      View Details
    • Value Estimation
      $475,000
      3,032 SF

      1115 San Pedro Ave

      CONVENIENCE STORE • 3,032 SF
      1115 San Pedro Ave, San Antonio, TX 78212-4243
      View Details
    • Value Estimation
      $330,000
      2,800 SF

      2023 Mccullough Ave

      CONVENIENCE STORE • 2,800 SF
      2023 Mccullough Ave, San Antonio, TX 78212-3707
      View Details

    Similar Nearby for Sale

    • $950,000
      0.25 Acres

      San Pedro Ave Retail Gem

      Prime San Antonio storefront, 5,326 sq ft.
      600 San Pedro Ave, San Antonio, TX 78212
      View Details
    • $6,730,000
      27,560 SF

      San Antonio Caliber Collision Investment

      High-return NNN lease, Caliber Collision.
      7125 NW Loop 410, San Antonio, TX 78212
      View Details
    • $1,292,308
      400 SF

      Retail Space with Long-Term Lease

      Retail property with a new 15-year lease and annual increases.
      2630 Blanco Rd, San Antonio, TX 78212
      View Details
    • Contact for pricing

      Commercial Space in Vibrant District

      Commercially-zoned space in vibrant nightlife district, ideal for alcohol sales.
      1812 Main Ave, San Antonio, TX 78212
      View Details
    • $2,200,000
      7,788 SF

      Retail Center Redevelopment Opportunity

      Retail center on almost an acre, redevelopment potential.
      333-337 W Olmos Dr, San Antonio, TX 78212
      View Details
    • Contact for pricing
      163,400 SF

      Retail Pad Site on Loop

      Retail pad site available for purchase or lease on Loop.
      6301 Loop St Northwest, San Antonio, TX 78212
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Former Bingo and Reception Hall

      Flexible retail space with large parking lot available for rent.
      3811 Blanco Rd, San Antonio, TX 78212
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on TX-1604 Loop

      2000 SF retail space available for rent.
      115 Loop St, San Antonio, TX 78212
      View Details
    • Contact for pricing
      1,434 SF

      Retail Space in Mixed-Use District

      Retail space for lease in a large mixed-use development.
      4219 Mccullough Ave, San Antonio, TX 78212
      View Details
    • Contact for pricing
      2,444 SF

      Retail Space with Modern Finishes

      Versatile retail space featuring modern finishes and excellent visibility.
      601 E Ashby Pl, San Antonio, TX 78212
      View Details
    • Contact for pricing
      2,015 SF

      Freestanding Retail Space For Rent

      High-visibility retail space with parking in a dense residential area.
      4402 Blanco Rd, San Antonio, TX 78212
      View Details
    • $36 SF/Yr
      3,834 SF

      Prime Retail Space in San Antonio

      Retail space with versatile floor plans and contemporary design.
      1405-1425 S Flores St, San Antonio, TX 78212
      View Details
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    1923 Blanco Rd
    San Antonio, TX 78212-2618
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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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