Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2358 Military Hwy San Antonio, TX 78231-2540

    • Office Properties & Spaces
    • 13,248 SF
    • 4.33 lot acres
    OFF-MARKET
    Last Sale
    Dec 13, 2022
    Value Estimations
    $1,525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3939067
    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

    • Elm Creek / Apartment Complex
    • Hunters Ridge LLC / Apartment Building

    Property Details for 2358 Military Hwy

    Year built
    1973
    Lot size
    4.33 lot acres
    Property size
    13,248 SF
    Property type
    Office Properties & Spaces
    APN
    11696-001-0031
    APU
    116960010031

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,680,000
      Market price range: $440k - $1.68M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,100,000
      Current use
      RESTAURANT
      $1,790,000
      Change: +63% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,575,000
      Change: +43% Conversion: Difficult
      RETAIL STORES
      $1,505,000
      Change: +37% Conversion: Easy
      MEDICAL BUILDING
      $1,095,000
      Change: -0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5303
    Latitude
    29.5442
    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
    $194,082
    $1,155,680
    $7,299,320
    $8,455,000
    -
    $1,155,680
    $7,299,320
    $8,455,000

    Comparable in this City

    • Value Estimation by Request

      3502 Paesanos Pkwy

      OFFICE (GENERAL)
      3502 Paesanos Pkwy, San Antonio, TX 78231-1225
      View Details
    • Value Estimation
      $2,090,000
      50,256 SF

      3424 Paesanos Pkwy

      OFFICE (GENERAL) • 50,256 SF
      3424 Paesanos Pkwy, San Antonio, TX 78231-4411
      View Details
    • Value Estimation
      $1,460,000
      33,750 SF

      3611 Paesanos Pkwy

      OFFICE (GENERAL) • 33,750 SF
      3611 Paesanos Pkwy, Shavano Park, TX 78231-1250
      View Details
    • Value Estimation by Request
      4,963 SF

      4118 Pond Hl Rd

      OFFICE (GENERAL) • 4,963 SF
      4118 Pond Hl Rd, San Antonio, TX 78231-1281
      View Details
    • Value Estimation by Request
      2,589 SF

      4114 Pond Hl Rd

      OFFICE (GENERAL) • 2,589 SF
      4114 Pond Hl Rd, San Antonio, TX 78231-1272
      View Details
    • Value Estimation by Request
      5,275 SF

      4114 Pond Hl Rd

      OFFICE (GENERAL) • 5,275 SF
      4114 Pond Hl Rd, San Antonio, TX 78231-1272
      View Details

    Similar Nearby for Sale

    • $1,000,000

      Shavano Park Specialty Property

      Specialty property available for sale in Shavano Park.
      211 Granville Way, San Antonio, TX 78231
      View Details
    • $1,150,000

      Shavano Park Specialty Property

      Specialty property for sale in Shavano Park, Texas.
      108 Canter Gait, Shavano Park, TX 78231
      View Details
    • $3,650,000

      Shavano Park Specialty Property

      Specialty property in Shavano Park, Texas, for sale.
      106 Wellesley Blvd, San Antonio, TX 78231
      View Details
    • $2,999,950

      Shavano Park Specialty Property

      Specialty property available for sale in Shavano Park.
      15 Wellesley Blvd, San Antonio, TX 78231
      View Details
    • $300,000

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
      13610 Forest Rock Dr, San Antonio, TX 78231
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      6,834 SF

      Prime Office Space Available

      Office space for rent in a premier location.
      3602 Paesanos Pkwy, San Antonio, TX 78231
      View Details
    • $24 SF/Yr
      41,228 SF

      Office Space Available For Rent

      Office space available for lease in San Antonio, Texas.
      13409 Northwest Military Hwy, San Antonio, TX 78231
      View Details
    • Contact for pricing
      3,129 SF

      Mixed-Use Retail and Office Space

      Retail and office spaces in a mixed-use development.
      10003 NW Military Hwy, San Antonio, TX 78231
      View Details
    • Contact for pricing
      63,000 SF

      Shavano Center III: San Antonio Office Space

      Modern San Antonio office suites, move-in ready.
      3619 Paesanos Pkwy, San Antonio, TX 78231
      View Details
    • $24 SF/Yr
      3,386 SF

      Office Space in Napier Park

      Office space for lease in a prime San Antonio location.
      3216 Napier Park, Shavano Park, TX 78231
      View Details
    • Contact for pricing
      1,850 SF

      Shavano Park Retail Space Available

      Prime retail space in affluent Shavano Park neighborhood.
      14439 Nw Military Hwy, Shavano Park, TX 78231
      View Details
    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.
    2358 Military Hwy
    San Antonio, TX 78231-2540
    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

    Google sign-in failed. Please try again or use another login method.