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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2101 Lockhill Selma Rd San Antonio, TX 78213-1488

    • Office Properties & Spaces
    • 17,096 SF
    • 1.32 lot acres
    OFF-MARKET
    Value Estimations
    $1,895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1701357
    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

    • Mission Courier / Courier Service
    • Payroll Vault San Antonio, Texas / Payroll Service
    • Software Solutions US LLC / Software Company
    • Farmers Insurance - Victoriano Mata / Life Insurance Agency / Motorcycle Insurance Agency
    • Victor Mata Insurance Agency / Insurance Agency

    Property Details for 2101 Lockhill Selma Rd

    Year built
    1977
    Lot size
    1.32 lot acres
    Property size
    17,096 SF
    Property type
    Office Properties & Spaces
    APN
    11717-001-0180
    APU
    117170010180

    Description

    This exceptional office space, totaling 1,224 square feet, is situated within a beautifully renovated 16,766 square foot office complex at the highly visible corner of NW Military Highway and Lockhill Selma Road in the Castle Hills area of San Antonio, Bexar County. Built in 1977 and extensively renovated in 2019, this two-story building offers a modern and attractive workspace. The property boasts excellent visibility from both major thoroughfares, benefiting from over 37,000 vehicles passing daily, according to TXDOT data. Its location within an established, high-traffic, and high-income area ensures strong potential for business growth. The building features ample parking, including a convenient rear parking lot, and enjoys proximity to three major highways and San Antonio International Airport. The space is immediately available for occupancy and benefits from the building's prime pylon signage visibility and LED lighting throughout. This is a traditional office space, also suitable for executive office use, within a multi-tenant building. The property offers a fantastic opportunity for businesses seeking a well-located and modern office environment in a thriving San Antonio neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,710,000
      Market price range: $1.08M - $4.30M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5267
    Latitude
    29.5406
    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
    $29,841
    $438,140
    $861,860
    $1,300,000
    -
    $438,140
    $861,860
    $1,300,000

    Comparable in this City

    • Value Estimation
      $1,635,000
      7,285 SF

      2009 Military Hwy

      OFFICE (GENERAL) • 7,285 SF
      2009 Military Hwy, Castle Hills, TX 78213-2131
      View Details
    • Value Estimation
      $3,850,000
      32,160 SF

      1802 Jackson Keller Rd

      OFFICE (GENERAL) • 32,160 SF
      1802 Jackson Keller Rd, San Antonio, TX 78213-2517
      View Details
    • Value Estimation
      $7,105,000
      67,750 SF

      3280 Loop 410

      OFFICE (GENERAL) • 67,750 SF
      3280 Loop 410, San Antonio, TX 78213-2811
      View Details
    • Value Estimation
      $1,795,000
      8,000 SF

      1618 Lockhill Selma Rd

      OFFICE (GENERAL) • 8,000 SF
      1618 Lockhill Selma Rd, San Antonio, TX 78213-1929
      View Details
    • Value Estimation
      $5,115,000
      26,166 SF

      1840 Lockhill Selma Rd, Unit 18

      OFFICE (GENERAL) • 26,166 SF
      1840 Lockhill Selma Rd, Castle Hills, TX 78213-1550
      View Details
    • Value Estimation
      $8,760,000
      48,768 SF

      11103 Ww Ave

      OFFICE (GENERAL) • 48,768 SF
      11103 Ww Ave, San Antonio, TX 78213-1338
      View Details

    Similar Nearby for Sale

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    • $400,000
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      Office Spaces Near 410

      Three office spaces available near 410 in Castle Hills.
      2002 Nw Military Dr, San Antonio, TX 78213
      View Details
    • $2,200,000
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      Jackson Keller Rd Multifamily Land

      5.62 Acres, Prime San Antonio Location
      1207 Jackson Keller Rd, San Antonio, TX 78213
      View Details
    • $170,000

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    Similar Nearby for Lease

    • $25 SF/Yr
      152,521 SF

      Executive Office Suites, San Antonio

      Prestigious North Central San Antonio Office Space
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    • Contact for pricing
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      Vance Jackson Rd: Flexible Spaces Available
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    • $28 SF/Yr
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      Office space featuring seven offices with potential for expansion.
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    • $18 SF/Yr
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      San Antonio Office Space Available

      Office space for lease in San Antonio, 1750 square feet.
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    • $24 SF/Yr
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      Office Space Available For Rent

      Office space available for lease, totaling 1,845 square feet.
      1802 NW Military Hwy, San Antonio, TX 78213
      View Details
    • $21 SF/Yr
      4,018 SF

      Renovated Office Space Available

      Full-service office space with convenient parking and responsive management.
      6655 First Park Ten Blvd, San Antonio, TX 78213
      View Details
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    San Antonio, TX 78213-1488
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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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