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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Distribution centers
1946 Shipman Dr 19 San Antonio, TX 78219-2330
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-2681522
Property summary
AI-generated overview
This exceptional San Antonio distribution center, located at 1946 Shipman Dr, offers a significant opportunity for businesses seeking flexible warehouse space. The property, classified as Class C, boasts a total of 48,837 square feet, with divisible units starting at 25,000 square feet and up to 48,000 contiguous square feet available. The building features an impressive 18-foot clear ceiling height, facilitating efficient storage and operations. Access is provided via front loading and dock-high doors, including one oversized dock door. The layout includes 26' x 45' column spacing, maximizing usable space. Further enhancing functionality are fire sprinklers throughout, a fenced truck court for secure vehicle access, and the availability of fully secured outside storage. The property is zoned I-2 and situated in Bexar County, Texas, with a 78219 zip code. This well-maintained facility presents a compelling option for businesses seeking a strategic location in San Antonio's thriving industrial market. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1973
Total area
48,687 SF
Lot
2.32 ac (101,100 SF)
APN
14013-002-0130
UPID
US82-2681522
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
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$776k
Blend (final)
Blend
$725k
Owner & transaction history
Sif San Antonio Indl Bldg LLC · 5 yrs held
Sif San Antonio Indl Bldg LLC
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 San Antonio submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Antonio 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
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$15 / 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
$61,469
Tax year 2023
Assessed value
$2,000,000
Assessed 2024
Previous assessed
$2,000,000
+0.0% YoY
Effective rate
3.07%
On assessed value
Assessed land
$496,400
Assessed improvement
$1,503,600
Land market value
$496,400
Improvement market value
$1,503,600
Total market value
$2,000,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1973
Heating
YES
Cooling
YES
Stories
1
Total area
48,687 SF
Lot
2.32 ac (101,100 SF)
APN
14013-002-0130
UPID
US82-2681522
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
Building & site characteristics
From public records
Year built
1973
Heating
YES
Cooling
Yes
Stories
1
Lot
2.32 ac
Current owner
From public records · entity-resolved
Sif San Antonio Indl Bldg LLC
Entity
Mailing address
PO BOX 30428, CHARLOTTE, NC 28230-0428
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
—
Airef San Antonio Ic LLC
—
Deed
related
$633,000,000 · Morgan Stanley Bank NA
Mar 25, 2021
—
Sif San Antnio Industrial Building
—
Deed
related
$50,000,000 · Wells Fargo Bank NA
Dec 23, 2020
—
Sif San Antonio Indl Bldg LLC
Hpi San Antonio Industrial LLC
Grant Deed
$100,000,000 · Wells Fargo Bk
Sep 20, 2018
—
Hpi San Antonio Industrial LLC
—
Loan Modification
related
$27,885,000 · Wells Fargo Bk
Aug 8, 2016
—
Hpi San Antonio Industrial LLC
Prologis
Trustees Deed
$27,885,000 · Wells Fargo Bk
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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