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

    23600 Fm 3009 Garden Ridge, TX 78266-2643

    • Office buildings
    • 11,520 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4671812
    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

    • Office buildings

    Property Details for 23600 Fm 3009

    Year built
    1998
    Lot size
    3.00 lot acres
    Property size
    11,520 SF
    Property type
    Office buildings
    APN
    10-0146-0001-00
    APU
    100146000100

    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
    Garden Ridge
    County
    Comal
    State
    Texas
    Longitude
    -98.3068
    Latitude
    29.6607
    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
    $0.00
    $297,000
    $549,040
    $846,040
    -
    $297,000
    $549,040
    $846,040

    Comparable in this City

    • Value Estimation
      $1,105,000
      33,530 SF

      18100 Fm 2252

      OFFICE BUILDING • 33,530 SF
      18100 Fm 2252, Garden Ridge, TX 78266-2870
      View Details
    • Value Estimation by Request
      6,528 SF

      18945 Fm 2252

      OFFICE BUILDING • 6,528 SF
      18945 Fm 2252, Garden Ridge, TX 78266-2562
      View Details
    • Value Estimation by Request
      5,313 SF

      18325 Bracken Dr

      OFFICE BUILDING • 5,313 SF
      18325 Bracken Dr, San Antonio, TX 78266-2745
      View Details
    • Value Estimation by Request
      3,242 SF

      9325 Schoenthal Rd

      OFFICE BUILDING • 3,242 SF
      9325 Schoenthal Rd, San Antonio, TX 78266-2858
      View Details
    • Value Estimation by Request
      4,600 SF

      18680 Marbach Ln

      OFFICE BUILDING • 4,600 SF
      18680 Marbach Ln, San Antonio, TX 78266-2146
      View Details
    • Value Estimation by Request
      7,514 SF

      8135 Bracken Crk

      OFFICE BUILDING • 7,514 SF
      8135 Bracken Crk, San Antonio, TX 78266-2121
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38.00 Acres

      Prime Industrial Land Near Rolling Oaks Mall

      ±38 Acres, Light Industrial Zoning, San Antonio
      17103 Nacogdoches Rd, San Antonio, TX 78266
      View Details
    • $2,100,000

      Garden Ridge Commercial Land

      12.84 Acres, Prime Development Opportunity
      19503 Fm 2252, Garden Ridge, TX 78266
      View Details
    • $441,950

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
      20941 Stonework Spur, San Antonio, TX 78266
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    • $3,750,000

      Retail Property for Sale

      Retail property available for purchase in San Antonio, Texas.
      7022 N Loop 1604 E, San Antonio, TX 78266
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    • $368,950

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
      21054 Gravel Keep, San Antonio, TX 78266
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    • $362,950

      San Antonio Specialty Property For Sale

      Specialty property available for purchase in San Antonio, Texas.
      21057 Gravel Keep, San Antonio, TX 78266
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    Similar Nearby for Lease

    • $21 SF/Yr
      3,209 SF

      Garden Ridge Office Space Available

      Office space with reception, workroom, and private restroom.
      19115 Farm To Market Rd, Garden Ridge, TX 78266
      View Details
    • $24 SF/Yr
      1,300 SF

      Office Space Available For Rent

      1,300 SF office space available for lease at $24/SF.
      19921 Fm 2252, San Antonio, TX 78266
      View Details
    • $288 SF/Yr
      3,623 SF

      FM 2252

      Retail properties
      18875 Fm 2252, San Antonio, TX 78266
      View Details
    • Contact for pricing
      8,000 SF

      Loop 1604 Retail Space Available

      San Antonio Retail Pad Site - 8,000 SF
      1604 And Nacogdoches Rd, San Antonio, TX 78266
      View Details
    • $10 SF/Yr
      38,311 SF

      San Antonio Industrial Warehouse Space

      Flex space, 2,000-20,000 sq ft available
      18975 Marbach Ln, San Antonio, TX 78266
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Culebra Commons

      Retail, restaurant, and service space in a growing area.
      7118 W Loop 1604 N, San Antonio, TX 78266
      View Details
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    Garden Ridge, TX 78266-2643
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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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