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

    2310 Military Dr San Antonio, TX 78224-1407

    • Super regional malls
    • 19,862 SF
    • 27.53 lot acres
    OFF-MARKET
    Last Sale
    Jan 16, 2020
    Value Estimations
    $1,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4165480
    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

    • IBC Bank ATM / Atm
    • Ali Back & Body / Chiropractor
    • Hot Topic / Fashion Accessories Store / Music Store
    • Nail Glamour / Nail Salon
    • Accuhealth Relax Center / Holistic Medicine Practitioner

    Property Details for 2310 Military Dr

    Year built
    1984
    Lot size
    27.53 lot acres
    Property size
    19,862 SF
    Property type
    Super regional malls
    APN
    12328-000-0028
    APU
    123280000028

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $685,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,489,000
      Market price range: $590k - $1.49M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $980,000
      Current use
      MEDICAL BUILDING
      $1,645,000
      Change: +67% Conversion: Difficult
      OFFICE BUILDING
      $1,315,000
      Change: +34% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,285,000
      Change: +31% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,280,000
      Change: +30% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,170,000
      Change: +19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5306
    Latitude
    29.3552
    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
    $1,416,131
    $13,341,240
    $44,083,760
    $57,425,000
    -
    $13,341,240
    $44,083,760
    $57,425,000

    Comparable in this City

    • Value Estimation
      $2,450,000
      70,424 SF

      2555 Military Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 70,424 SF
      2555 Military Dr, San Antonio, TX 78224-1021
      View Details
    • Value Estimation
      $835,000
      19,800 SF

      6915 Zarzamora St

      SHOPPING CENTER, STRIP CENTER • 19,800 SF
      6915 Zarzamora St, San Antonio, TX 78224-1100
      View Details
    • Value Estimation
      $1,855,000
      109,800 SF

      2658 Military Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 109,800 SF
      2658 Military Dr, San Antonio, TX 78224-1028
      View Details
    • Value Estimation
      $590,000
      10,230 SF

      7010 Zarzamora St

      SHOPPING CENTER, STRIP CENTER • 10,230 SF
      7010 Zarzamora St, San Antonio, TX 78224-1142
      View Details
    • Value Estimation
      $1,930,000
      118,785 SF

      2810 Military Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 118,785 SF
      2810 Military Dr, San Antonio, TX 78224-1032
      View Details
    • Value Estimation
      $1,445,000
      55,201 SF

      2720 Military Dr

      SHOPPING CENTER, STRIP CENTER • 55,201 SF
      2720 Military Dr, San Antonio, TX 78224-1013
      View Details

    Similar Nearby for Sale

    • $1,200,000
      14,366 SF

      Industrial Property Near A&M Campus

      Multi-tenant industrial property with ample yard storage near A&M.
      10755 S Zarzamora St, San Antonio, TX 78224
      View Details
    • $290,000

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
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      San Antonio Specialty Property Available

      Specialty property for sale in San Antonio, Texas.
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    • $430,000

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
      1726 Claudia Vis, San Antonio, TX 78224
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    • $1,200,000

      Commercial Building on High-Traffic Highway

      One-acre commercial property with office, storage, and expansion potential.
      12540 S State Highway 16, San Antonio, TX 78224
      View Details
    • $75,000
      0.46 Acres

      San Antonio Multifamily Development Opportunity

      Vacant lot for multifamily development in San Antonio's Southside.
      1322 Janice Gail Dr, San Antonio, TX 78224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,082 SF

      Retail Space in South Park Mall

      Retail space available in a renovated, high-traffic shopping mall.
      2310-2400 SW Military Dr, San Antonio, TX 78224
      View Details
    • Contact for pricing
      39,180 SF

      Retail Space Near South Park

      Burlington-anchored shopping center in southwest San Antonio available for rent.
      2902 SW Military Dr, San Antonio, TX 78224
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Strip Center

      Retail space available in a strip center with freeway visibility.
      1007 Poteet Jourdanton Fwy, San Antonio, TX 78224
      View Details
    • Contact for pricing
      24,100 SF

      Retail Strip Center For Rent

      24,100 SF strip center with freeway visibility.
      1007 Poteet Jourdanton Fwy Access Rd, San Antonio, TX 78224
      View Details
    • Contact for pricing
      783,978 SF

      2310 Military Dr

      Shopping malls • 783,978 SF
      2310 Military Dr, San Antonio, TX 78224
      View Details
    • Contact for pricing
      30,750 SF

      Retail Space in High-Traffic Corridor

      30,750 SF retail space in renovated neighborhood center.
      2545-2567 SW Military Dr, San Antonio, TX 78224
      View Details
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    San Antonio, TX 78224-1407
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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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