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    2211 NW Military Hwy San Antonio, TX 78213
    Property profile & analytics

    2211 NW Military Hwy, San Antonio, TX 78213

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    • Strip malls
    • 97,334 SF
    • 6.71 lot acres
    For Lease
    $3,020,000
    View Listing →
    Retail Space in High-Traffic Center For Lease
    $3,020,000
    97,682 SF

    Retail Space in High-Traffic Center

    Retail space available in a well-located, affluent shopping center.

    2211 NW Military Hwy, San Antonio, TX 78213
    View Listing
    Property ID
    US82-0265648
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 2211 NW Military Hwy

    Year built
    1986
    Lot size
    6.71 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    05778-000-0220
    APU
    57780000220

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 5, 2020 — South Elm LLC Hill Country Partners LP Grant Deed · related —
    Nov 8, 2019 — Hill Country Partners LP — Grant Deed · related $8.5M · First Nat'l Bk/tx
    Jun 14, 2018 — Hill Country Partners LP — Loan Modification · related $5.6M · Frost Bk
    Oct 3, 2005 — Hill Country Partners LP Castle Shopping Center Partners Ltd Special Warranty Deed $7.6M · Jpmorgan Chase Bank NA
    — — Hill Country Partners LP — Deed Of Trust · related $6.6M · Frost National Bank
    — — Hill Country Partners LP — Loan Modification · related $5.8M · Frost Bk

    Description

    Castle Hills Market presents a prime retail opportunity in the thriving San Antonio, Texas market. This neighborhood shopping center, totaling 97,682 square feet, boasts a diverse tenant mix, attracting customers from across the city. Three suites are currently available, ranging from a minimum of 1,900 square feet to a maximum contiguous space of 2,980 square feet. A total of 7,807 square feet is currently vacant, offering significant potential for expansion or new businesses. The center is strategically located in Bexar County, approximately one mile north of Loop 410 and one mile south of Wurzbach Parkway, providing convenient access to major thoroughfares and the San Antonio International Airport. Its location within the affluent Castle Hills neighborhood ensures a strong customer base, further enhanced by its proximity to established retailers such as Marshalls, Home Goods, and an H-E-B grocery store. This established center offers a blend of retail, restaurant, and office tenants, creating a vibrant and attractive environment for potential occupants. The property's excellent location and existing tenant mix make it an ideal investment for businesses seeking high visibility and strong foot traffic in a desirable San Antonio community. The available spaces provide flexibility for a variety of retail concepts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,540,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Castle Hills
    County
    Bexar
    State
    Texas
    Longitude
    -98.5227
    Latitude
    29.5346
    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
    $331,935
    $2,615,980
    $11,831,430
    $14,447,410
    -
    $2,615,980
    $11,831,430
    $14,447,410

    Comparable in this City

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      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
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      10,701 SF

      3122 Ww Ave

      SHOPPING CENTER, STRIP CENTER
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      3303 Ww Ave

      SHOPPING CENTER, STRIP CENTER
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      11606 Parliament St

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
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      1931 Military Hwy

      SHOPPING CENTER, STRIP CENTER
      1931 Military Hwy, Castle Hills, TX 78213-2153
      View Details
    • Value Estimation
      $510,000
      9,804 SF

      2128 Military Hwy

      SHOPPING CENTER, STRIP CENTER
      2128 Military Hwy, Castle Hills, TX 78213-1840
      View Details

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      Prime Office Space in Castle Hills

      Office space for lease in a highly visible Castle Hills location.
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      Land Near Walmart Supercenter

      1.39 to 1.51 acre commercial land for sale.
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      Retail Space Near Loop 410

      Retail space with high visibility near Loop 410 and H-E-B.
      2120-2192 Jackson Keller Rd, San Antonio, TX 78213
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      Dellview Market Place Retail/Office

      Flexible retail and office spaces available in prime location.
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      Retail Space in High-Traffic Center

      Retail space available in a well-located, affluent shopping center.
      2211 NW Military Hwy, San Antonio, TX 78213
      View Details
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      Retail Center Near Loop 410

      Retail center with high visibility near Loop 410 and H-E-B.
      2120 Jackson Keller Rd, San Antonio, TX 78213
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      Prime Retail/Office Space Available

      Retail and office spaces in a high-traffic San Antonio location.
      1031 Patricia Dr, San Antonio, TX 78213
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      Established Retail Center in Castle

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      8055 Avenue W, Castle Hills, TX 78213
      View Details
    View Listing
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    San Antonio, TX 78213
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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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