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    Property profile & analytics

    23995 Bat Cave Rd San Antonio, TX 78266-2678

    • Office buildings
    • 1,520 SF
    • 2.00 lot acres
    OFF-MARKET
    Last Sale
    Nov 03, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3381082
    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

    • Relational Impact Group / Counselor
    • NextRain Gutters / Real Estate Agency / Hardware & Home Improvement
    • San Antonio Marriage Initiative / Charitable Organization / Social Service Agency
    • Garden Ridge Mini Storage / Storage Facility
    • Caton Development Inc / Storage Facility

    Property Details for 23995 Bat Cave Rd

    Year built
    1996
    Lot size
    2.00 lot acres
    Property size
    1,520 SF
    Property type
    Office buildings
    APN
    74-0074-0013-08
    APU
    740074001308

    Description

    This exceptional multi-tenant office building, located at 23995 Bat Cave Rd, San Antonio, TX 78266, offers a variety of flexible office spaces to suit diverse business needs. Situated at the corner of Bat Cave Road and FM 3009, this two-story building comprises 1,800 square feet and features three individual suites, with a minimum leasable space of 220 square feet and currently 715 square feet vacant. The property is zoned OCL and caters to various office subtypes, including traditional, executive, coworking, creative, and medical offices. Potential tenants can choose from available spaces ranging in size, making it ideal for small businesses or expanding companies. The building does not include an elevator. Utilities are tenant-responsible (water and electricity). Security features include a gated fence and 24/7 access. Month-to-month and long-term lease options are available. Shared restroom facilities are provided for tenant convenience. Additional warehouse space may be available upon request. This prime location offers excellent visibility and accessibility in the Garden Ridge area.

    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
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.3143
    Latitude
    29.6633
    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
    $6,089
    $264,000
    $157,260
    $421,260
    -
    $264,000
    $157,260
    $421,260

    Comparable in this City

    • Value Estimation
      $1,105,000
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      18100 Fm 2252

      OFFICE BUILDING • 33,530 SF
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    • Value Estimation by Request
      6,528 SF

      18945 Fm 2252

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

      18325 Bracken Dr

      OFFICE BUILDING • 5,313 SF
      18325 Bracken Dr, San Antonio, TX 78266-2745
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      3,242 SF

      9325 Schoenthal Rd

      OFFICE BUILDING • 3,242 SF
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      4,600 SF

      18680 Marbach Ln

      OFFICE BUILDING • 4,600 SF
      18680 Marbach Ln, San Antonio, TX 78266-2146
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    • 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

    • $199,000
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      Residential Land in Gated Community

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    • $499,999
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      Garden Ridge Land For Sale

      5.08-acre lot in Comal ISD, suitable for estate or investment.
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    • New
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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
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    • $24 SF/Yr
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      Office Space Available For Rent

      1,300 SF office space available for lease at $24/SF.
      19921 Fm 2252, San Antonio, TX 78266
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    • $10 SF/Yr
      38,311 SF

      San Antonio Industrial Warehouse Space

      Flex space, 2,000-20,000 sq ft available
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    • Contact for pricing
      29,631 SF

      San Antonio Warehouse Space Available

      29,631 square foot warehouse space for lease.
      7951 Evans Rd, San Antonio, TX 78266
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    • $288 SF/Yr
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      FM 2252

      Retail properties & Spaces
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    • 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
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    San Antonio, TX 78266-2678
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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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