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

    23650 Us Hwy 281st N San Antonio, TX 78258-7349

    • Grocery and convenience stores
    • 5,114 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimations
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3926265
    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

    • Grocery and convenience stores

    Property Details for 23650 Us Hwy 281st N

    Year built
    2002
    Lot size
    1.44 lot acres
    Property size
    5,114 SF
    Property type
    Grocery and convenience stores
    APN
    04900-704-0012
    APU
    49007040012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $868,000
      Market price range: $523k - $869k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $610,000
      RESTAURANT
      $520,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4494
    Latitude
    29.6614
    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
    $56,239
    $1,777,730
    $672,270
    $2,450,000
    -
    $1,777,730
    $672,270
    $2,450,000

    Comparable in this City

    • Value Estimation
      $865,000
      5,265 SF

      19885 Stone Oak Pkwy

      CONVENIENCE STORE • 5,265 SF
      19885 Stone Oak Pkwy, San Antonio, TX 78258
      View Details
    • Value Estimation
      $580,000
      4,565 SF

      21011 Us Hwy 281st N

      FINANCIAL BUILDING • 4,565 SF
      21011 Us Hwy 281st N, San Antonio, TX 78258-7585
      View Details
    • Value Estimation
      $665,000
      20,406 SF

      24250 Us Hwy 281st N

      RETAIL STORES (PERSONAL SERVICES) • 20,406 SF
      24250 Us Hwy 281st N, San Antonio, TX 78258-7221
      View Details
    • Value Estimation
      $685,000
      5,186 SF

      21102 Us Hwy 281st N

      FINANCIAL BUILDING • 5,186 SF
      21102 Us Hwy 281st N, San Antonio, TX 78258-7553
      View Details
    • Value Estimation
      $890,000
      13,576 SF

      18750 Stone Oak Pkwy

      FINANCIAL BUILDING • 13,576 SF
      18750 Stone Oak Pkwy, San Antonio, TX 78258-4138
      View Details
    • Value Estimation
      $4,760,000
      62,790 SF

      18803 Hardy Oak Blvd

      LAUNDROMAT (SELF-SERVICE) • 62,790 SF
      18803 Hardy Oak Blvd, San Antonio, TX 78258-4961
      View Details

    Similar Nearby for Sale

    • $5,900,000
      8,736 SF

      Stone Oak Dayclub For Sale

      Operating dayclub with pool, bar, and event infrastructure in place.
      18326 Tuscany Stone, San Antonio, TX 78258
      View Details
    • Contact for pricing

      Stone Oak Versatile Commercial Space

      Prime location suitable for medical, professional, or retail businesses.
      20742 Stone Oak 105, San Antonio, TX 78258
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    • Contact for pricing
      4.05 Acres

      Prime San Antonio Commercial Land

      4.05 Acres, 58,750 SF, Vacant, C-3 Zoning
      21891 Us Highway 281, San Antonio, TX 78258
      View Details
    • $3,715,000

      Retail Property on Stone Oak

      Retail property for sale located on Stone Oak Parkway.
      20122 Stone Oak Pkwy, San Antonio, TX 78258
      View Details
    • $2,750,000
      6,600 SF

      Prime Medical Office in San Antonio

      6,600 SF Medical Office, 1.26 Acres
      903 Proton Rd, San Antonio, TX 78258
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    • Contact for pricing
      281.00 Acres

      Prime 281-Acre San Antonio Land

      Infill development site, ideal for residential.
      19001 Huebner Rd, San Antonio, TX 78258
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      41,818 SF

      San Antonio Retail Center Investment

      High-traffic retail space, fully vacant.
      281 & Wilderness Oak, San Antonio, TX 78258
      View Details
    • Contact for pricing
      2,602 SF

      Retail Space in Tuscan-Style Center

      Retail space available in mixed-use development in affluent area.
      18236 Tuscany Stone, San Antonio, TX 78258
      View Details
    • Contact for pricing
      3,300 SF

      Retail Building with Drive-Thru

      3,000 SF retail building with drive-thru in San Antonio.
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      1,610 SF

      Retail Space in San Antonio

      Retail space with excellent exposure and accessibility in San Antonio.
      1205-1339 N Loop 1604 W, San Antonio, TX 78258
      View Details
    • Contact for pricing
      2,042 SF

      Retail Space in High-Traffic Area

      Retail space with excellent exposure and accessibility.
      18403 Blanco Rd, San Antonio, TX 78258
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Blanco Road

      Retail space available for lease on Blanco Road.
      18360 Blanco Rd, San Antonio, TX 78258
      View Details
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    23650 Us Hwy 281st N
    San Antonio, TX 78258-7349
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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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