Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1923 New Braunfels Ave San Antonio, TX 78208-1420

    • Retail space
    • 3,898 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3944861
    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

    • Law Office of Howard E. Davis, P.C. / Law Firm
    • Sandia Construction / Construction Company / General Contractor
    • Taboada Research Instruments: Taboada John / Law Firm

    Property Details for 1923 New Braunfels Ave

    Year built
    1940
    Lot size
    0.23 lot acres
    Property size
    3,898 SF
    Property type
    Retail space
    APN
    01258-008-0260
    APU
    12580080260

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4612
    Latitude
    29.4426
    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
    $6,805
    $140,570
    $162,680
    $303,250
    -
    $140,570
    $162,680
    $303,250

    Comparable in this City

    • Value Estimation by Request
      3,348 SF

      1522 Grayson St

      RETAIL STORES (PERSONAL SERVICES) • 3,348 SF
      1522 Grayson St, San Antonio, TX 78208
      View Details
    • Value Estimation by Request
      2,340 SF

      1205 Duval

      RETAIL STORES (PERSONAL SERVICES) • 2,340 SF
      1205 Duval, San Antonio, TX 78208-1909
      View Details
    • Value Estimation by Request
      2,140 SF

      1316 Austin St

      RETAIL STORES (PERSONAL SERVICES) • 2,140 SF
      1316 Austin St, San Antonio, TX 78208-1000
      View Details
    • Value Estimation by Request
      6,475 SF

      1901 New Braunfels Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,475 SF
      1901 New Braunfels Ave, San Antonio, TX 78208-1419
      View Details
    • Value Estimation by Request
      13,691 SF

      1631 Interstate 35

      Individual retail properties • 13,691 SF
      1631 Interstate 35, San Antonio, TX 78208
      View Details
    • Value Estimation by Request
      2,936 SF

      1829 New Braunfels Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,936 SF
      1829 New Braunfels Ave, San Antonio, TX 78208-1529
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,460 SF

      Freestanding Retail Building Near Pearl

      2,460 SF retail building in high-demand area.
      1136 East Grayson St, San Antonio, TX 78208
      View Details
    • $1,227,883
      4,640 SF

      San Antonio Storefront Opportunity

      Prime Retail Space, I-35 Corridor
      1950 Panam Expy, San Antonio, TX 78208
      View Details
    • $3,995,000
      13,691 SF

      San Antonio Mixed-Use Portfolio

      16 Units, 13,691 SF, High ROI
      1631 Interstate 35, San Antonio, TX 78208
      View Details
    • Contact for pricing

      Turnkey Restaurant with Indoor/Outdoor Dining

      Ready-to-open restaurant with bars, activity areas, and parking.
      1216 Austin St, San Antonio, TX 78208
      View Details
    • $450,000
      1,031 SF

      Prime San Antonio Multifamily Investment

      1,031 SF Mixed-Use Property, $450k
      1622 Pine St, San Antonio, TX 78208
      View Details
    • Contact for pricing
      0.84 Acres

      Prime San Antonio Development Land

      0.84 Acres, Mixed-Use Potential
      802 Grayson And 1822, San Antonio, TX 78208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail Space Near FM 78

      Retail space available near FM 78 and Walzem Road.
      7650 Seguin St, San Antonio, TX 78208
      View Details
    • $28 SF/Yr
      7,369 SF

      Shoppes on Grayson: Prime Retail Space

      Historic Government Hill retail, high growth area.
      1947 New Braunfels Ave, San Antonio, TX 78208
      View Details
    • $2,500 /Mo

      Prime Parking Near Pearl District

      Parking lot near Pearl and Broadway & Grayson development available.
      1302 E Grayson St, San Antonio, TX 78208
      View Details
    • $12 SF/Yr
      4,640 SF

      NuMa Home: San Antonio Flex Space

      Prime San Antonio Flex Space, High Visibility
      1950 Panam Expy, San Antonio, TX 78208
      View Details
    • $12 SF/Yr
      48,183 SF

      Seguin Street Warehouse Space

      San Antonio industrial warehouse, 3 spaces available.
      200 Seguin St, San Antonio, TX 78208
      View Details
    • Contact for pricing

      Land Available Near Pearl District

      0.84 acres near Pearl District, Alamo College, and Ft. Sam.
      802 E Grayson St, San Antonio, TX 78208
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1923 New Braunfels Ave
    San Antonio, TX 78208-1420
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.