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Property profile & analytics
FOR LEASE
Strip malls
1931 Northwest Military Hwy Castle Hills, TX 78213
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2846495
For Lease
$21 SF/Yr
1931 Northwest Military Hwy, Castle Hills, TX 78213
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Property summary
AI-generated overview
The Pavilions at Castle Hills offers a unique opportunity to lease 1,270 square feet of prime office space in a vibrant North Central San Antonio location. Situated at 1931 NW Military Hwy, Castle Hills, TX 78213, this Class B property enjoys a highly visible corner location at NW Military Highway and ZORNIA DR, approximately half a mile from West Ave. The building itself is a two-story structure totaling 28,185 square feet, with ample parking (120+ spaces) available for tenants and their clients. The property is zoned G - General Business District within Bexar County and sits on a 1.55-acre lot. This multi-tenant building offers a traditional office environment, also suitable for executive office needs, within a retail-focused complex. The available space presents a chance to establish a presence in a thriving area with excellent accessibility and visibility. The property features a single building with a mix of retail and office spaces. This listing specifically highlights 1,270 square feet of immediately available space.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Total area
28,185 SF
Lot
1.55 ac (67,474 SF)
APN
05778-013-0011
UPID
US82-2846495
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.12M
Owner & transaction history
Arizpe Properties Ltd
Arizpe Properties Ltd
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.8M
+35.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Castle Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castle Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,315,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,785,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$40 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$84,435
Tax year 2023
Assessed value
$3,675,000
Assessed 2023
Previous assessed
$3,675,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$734,120
Assessed improvement
$2,940,880
Land market value
$734,120
Improvement market value
$2,940,880
Total market value
$3,675,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1960
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
28,185 SF
Lot
1.55 ac (67,474 SF)
APN
05778-013-0011
UPID
US82-2846495
Jurisdiction
BEXAR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Arizpe Properties Ltd
Entity
Mailing address
10721 YORKTOWN TRL, AUSTIN, TX 78726-1370
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Arizpe Properties Ltd
—
Deed Of Trust
related
$1,925,000 · Standard Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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