Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2338 N Loop 1604 W San Antonio, TX 78248
    Back to Search
    Property profile & analytics

    2338 N Loop 1604 W San Antonio, TX 78248

    View on Map
    • Office properties & Spaces
    • 103,524 SF
    • 6.70 lot acres
    For Lease
    $21 SF/Yr
    View Listing →
    Class A Office Building For Lease
    $21 SF/Yr
    6,642 SF

    Class A Office Building

    Three-story office building with covered parking and on-site management.

    2338 N Loop 1604 W, San Antonio, TX
    View Listing
    Property ID
    US82-2299649
    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

    • Keller Williams Heritage Realty: Laura Valadez / Real Estate Agency
    • National Commercial Advisors | KW Commercial / Real Estate Agency
    • Chrisitan Hernandez Realtor | CH International | Keller Williams Heritage / Real Estate Agency
    • Heidi Zapata | San Antonio REALTOR ® / Real Estate Agency
    • Tim Allums- Realtor® Keller Williams Heritage / Real Estate Agency

    Property Details for 2338 N Loop 1604 W

    Year built
    2008
    Lot size
    6.70 lot acres
    Property size
    103,524 SF
    Property type
    Office properties & Spaces
    APN
    18912-006-0020
    APU
    189120060020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,128,000
      Market price range: $5.67M - $13.7M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $10,575,000
      Current use
      RESTAURANT
      $13,995,000
      Change: +32% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $12,305,000
      Change: +16% Conversion: Difficult
      RETAIL STORES
      $11,770,000
      Change: +11% Conversion: Easy
      MEDICAL BUILDING
      $8,560,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5301
    Latitude
    29.6034
    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
    $482,050
    $3,651,810
    $17,348,190
    $21,000,000
    -
    $3,651,810
    $17,348,190
    $21,000,000

    Comparable in this City

    • Value Estimation
      $2,940,000
      77,664 SF

      2806 Bitters Rd

      OFFICE (GENERAL) • 77,664 SF
      2806 Bitters Rd, San Antonio, TX 78248-2118
      View Details
    • Value Estimation
      $7,580,000
      79,120 SF

      2722 Bitters Rd

      OFFICE (GENERAL) • 79,120 SF
      2722 Bitters Rd, San Antonio, TX 78248-1231
      View Details
    • Value Estimation
      $535,000
      5,400 SF

      15714 Huebner Rd

      OFFICE (GENERAL) • 5,400 SF
      15714 Huebner Rd, San Antonio, TX 78248-0996
      View Details
    • Value Estimation by Request
      2,409 SF

      16530 Huebner Rd, Unit 1-A-B

      OFFICE (GENERAL) • 2,409 SF
      16530 Huebner Rd, San Antonio, TX 78248-1699
      View Details
    • Value Estimation by Request
      3,000 SF

      16719 Huebner Rd

      OFFICE (GENERAL) • 3,000 SF
      16719 Huebner Rd, San Antonio, TX 78248-2343
      View Details
    • Value Estimation
      $1,230,000
      18,870 SF

      2030 Loop 1604th W

      OFFICE (GENERAL) • 18,870 SF
      2030 Loop 1604th W, San Antonio, TX 78248-4553
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,323 SF

      Adaptable Retail/Office Property on Huebner

      3,323 SF retail/office property with drive-thru, high-traffic location.
      16767 Huebner Rd, San Antonio, TX 78248
      View Details
    • Contact for pricing

      Prime Commercial Lot on 1604

      0.92-acre commercial lot with high visibility and accessibility.
      2026 N Loop 1604 W, San Antonio, TX 78248
      View Details
    • $1,140,000

      San Antonio Land For Sale

      Commercial land available west of Heubner Rd on W-1604.
      2026 Loop 1604 N, San Antonio, TX 78248
      View Details
    • Contact for pricing
      193,970 SF

      San Antonio Portfolio Opportunity

      Two stabilized commercial properties in San Antonio's growing submarkets.
      2310 N Loop 1604 W, San Antonio, TX 78248
      View Details
    • $165,000
      0.12 Acres

      Residential Lot in Gated Community

      Vacant lot in gated community for custom home.
      1706 Wild Deer Cir, San Antonio, TX 78248
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development in Stone Oak

      Mixed-use development with retail, office, and restaurant spaces for lease.
      115 N Loop 1604 E, San Antonio, TX 78248
      View Details
    • Contact for pricing

      San Antonio Plaza Las Campanas

      Spanish architectural landmark in San Antonio with unique features.
      1826 N Loop 1604 W, San Antonio, TX 78248
      View Details
    • Contact for pricing
      1,259 SF

      Office Space Available For Rent

      Office space available for rent in San Antonio, Texas.
      1826-1846 N Loop 1604 W, San Antonio, TX 78248
      View Details
    • Contact for pricing

      Planned Class A Office Building

      Planned 75,000 SF Class A office building for lease.
      Swc Of Loop 1604 & Bitters Rd, San Antonio, TX 78248
      View Details
    • Contact for pricing
      2,896 SF

      Move-in Ready Northwest Office Space

      High-end office space near Loop 1604 and Bitters Road.
      2806 West Bitters Rd, San Antonio, TX 78248
      View Details
    • Contact for pricing
      6,642 SF

      Class A Office Building

      Three-story office building with covered parking and on-site management.
      2338 N Loop 1604 W, San Antonio, TX 78248
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2338 N Loop 1604 W
    San Antonio, TX 78248
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2338 N Loop 1604 W, San Antonio, TX, 78248
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!