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

    2306 Austin Hwy San Antonio, TX 78218

    • Retail space
    • 2,592 SF
    • 1.79 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2661988
    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

    • Retail space

    Property Details for 2306 Austin Hwy

    Year built
    1966
    Lot size
    1.79 lot acres
    Property size
    2,592 SF
    Property type
    Retail space
    APN
    12180-000-0310
    APU
    121800000310

    Description

    This exceptional 2.49-acre commercial land parcel presents a unique investment opportunity in San Antonio, Texas. Strategically located at 2306 Austin Highway, in Bexar County, zip code 78218, this property boasts unparalleled visibility on a major thoroughfare connecting Alamo Heights/downtown San Antonio to key highways like Loop 410 and IH-35. The C2 zoning allows for a wide range of commercial uses, making it ideal for retail development or other commercial ventures. The substantial lot size offers ample space for a variety of projects, capitalizing on the high traffic volume of this established commercial corridor. Its prime location ensures significant exposure to a large and diverse customer base. This is a rare chance to acquire a highly visible and versatile commercial property in a thriving Texas market. The property's latitude and longitude coordinates are 29.507370288786 and -98.41181708690412 respectively. This presents a compelling opportunity for investors seeking a strong return on investment in a high-demand area. Don't miss this chance to secure a piece of San Antonio's vibrant commercial landscape.

    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
    -98.4114
    Latitude
    29.5066
    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
    $16,456
    $662,910
    $53,980
    $716,890
    -
    $662,910
    $53,980
    $716,890

    Comparable in this City

    • Value Estimation
      $2,640,000
      101,000 SF

      6374 Rittiman Rd

      RETAIL STORES (PERSONAL SERVICES) • 101,000 SF
      6374 Rittiman Rd, San Antonio, TX 78218-4750
      View Details
    • Value Estimation
      $1,340,000
      10,338 SF

      6330 Interstate 35

      RETAIL STORES (PERSONAL SERVICES) • 10,338 SF
      6330 Interstate 35, San Antonio, TX 78218-4403
      View Details
    • Value Estimation by Request
      6,904 SF

      5345 Walzem Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,904 SF
      5345 Walzem Rd, Windcrest, TX 78218-2124
      View Details
    • Value Estimation by Request
      6,400 SF

      1932 Austin Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,400 SF
      1932 Austin Hwy, San Antonio, TX 78218-2501
      View Details
    • Value Estimation by Request
      4,523 SF

      618 Lanark Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,523 SF
      618 Lanark Dr, San Antonio, TX 78218-1829
      View Details
    • Value Estimation by Request
      2,034 SF

      450 Ira Lee Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,034 SF
      450 Ira Lee Rd, San Antonio, TX 78218-1729
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Retail Space Available

      Retail space on a bustling corridor with high visibility.
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      Retail building with parking, kitchen, and multiple access points.
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      Retail Property Near Rackspace Headquarters

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      Retail Space in Shopping Center

      4500 SF retail space with open layout and parking.
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    • $1,781,321
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      Pizza Hut Sale Leaseback Opportunity

      Freestanding Pizza Hut with new 15-year lease in San Antonio.
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    • $600,000
      1,515 SF

      Aina Lane Mixed-Use Development

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    Similar Nearby for Lease

    • $16 SF/Yr
      2,650 SF

      Retail Space on Austin Hwy

      Retail space available for lease on Austin Highway.
      2023 Austin Hwy, San Antonio, TX 78218
      View Details
    • $25 SF/Yr
      11,500 SF

      Retail Space at Walzem & Parkcrest

      Retail space available for lease at a prominent corner location.
      5007 Parkcrest Dr, Windcrest, TX 78218
      View Details
    • Contact for pricing
      13,500 SF

      Prime Retail Corner Near HEB

      Hard corner retail site available for lease near HEB.
      6363 Rittiman Rd, San Antonio, TX 78218
      View Details
    • $12 SF/Yr
      1,500 SF

      Retail Space on Walzem Road

      Retail space available with high traffic and visibility.
      5806 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      7,800 SF

      Retail Space with Pylon Signage

      7,800 SF retail space with prominent pylon signage.
      1568 Austin Hwy, San Antonio, TX 78218
      View Details
    • $16 SF/Yr
      1,000 SF

      Retail Space on Austin Hwy

      Retail space available for lease on Austin Highway.
      2011-2015 Austin Hwy, San Antonio, TX 78218
      View Details
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    2306 Austin Hwy
    San Antonio, TX 78218
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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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