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    2405 Pat Booker Rd Universal City, TX 78148
    Property profile & analytics

    2405 Pat Booker Rd Universal City, TX 78148

    View on Map
    • Outlet malls
    • 19,200 SF
    • 1.74 lot acres
    For Lease
    $1.50 SF/Yr
    View Listing →
    Retail Space For Rent For Lease
    $1.50 SF/Yr
    9,000 SF

    Retail Space For Rent

    New construction retail space available for lease.

    2405 Pat Booker Rd, Universal City, TX
    View Listing
    Property ID
    US82-1553639
    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
    $800,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 2405 Pat Booker Rd

    Year built
    1978
    Lot size
    1.74 lot acres
    Property size
    19,200 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    05047-214-0290
    APU
    50472140290

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,007,000
      Market price range: $1.01M - $3.86M

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

    Location Insight

    • Map
    • Local Demand
    City
    Universal City
    County
    Bexar
    State
    Texas
    Longitude
    -98.3167
    Latitude
    29.5554
    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
    $25,250
    $1,025,410
    $74,590
    $1,100,000
    -
    $1,025,410
    $74,590
    $1,100,000

    Comparable in this City

    • Value Estimation
      $7,355,000
      72,454 SF

      3150 Pat Booker Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 72,454 SF
      3150 Pat Booker Rd, Universal City, TX 78148-2726
      View Details
    • Value Estimation
      $1,055,000
      19,100 SF

      1025 Kitty Hawk Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 19,100 SF
      1025 Kitty Hawk Rd, Universal City, TX 78148-3747
      View Details
    • Value Estimation
      $1,855,000
      52,008 SF

      1705 Pat Booker Rd

      SHOPPING CENTER, STRIP CENTER • 52,008 SF
      1705 Pat Booker Rd, Universal City, TX 78148-3481
      View Details
    • Value Estimation
      $500,000
      5,600 SF

      1833 Pat Booker Rd

      SHOPPING CENTER, STRIP CENTER • 5,600 SF
      1833 Pat Booker Rd, Universal City, TX 78148-3436
      View Details
    • Value Estimation by Request
      2,500 SF

      405 Aviation Blvd

      SHOPPING CENTER, STRIP CENTER • 2,500 SF
      405 Aviation Blvd, Universal City, TX 78148-4503
      View Details
    • Value Estimation
      $840,000
      11,520 SF

      520 Kitty Hawk Rd

      SHOPPING CENTER, STRIP CENTER • 11,520 SF
      520 Kitty Hawk Rd, Universal City, TX 78148-3963
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      137,790 SF

      Retail Center in Universal City

      Retail property in a densely populated, established retail corridor.
      2935 Pat Booker Rd, Universal City, TX 78148
      View Details
    • $2,560,640
      16,800 SF

      Universal City Retail Center

      16,800 SF Shopping Center, 7.5% Cap Rate
      1626 Pat Booker Rd, Universal City, TX 78148
      View Details
    • Contact for pricing
      7,745 SF

      Retail Property in San Antonio

      Retail property located within the San Antonio Metropolitan Statistical Area.
      2301 Pat Booker Rd, Universal City, TX 78148
      View Details
    • $1,750,000
      676 SF

      Universal City Retail Building For Sale

      Retail building near I-35, Universal City, completed in 2024.
      1800 Pat Booker Rd, Universal City, TX 78148
      View Details
    • Contact for pricing
      10,390 SF

      Universal City Medical/Retail Property

      Two-tenant medical/retail property in Universal City, Texas.
      2101 Pat Booker Rd, Universal City, TX 78148
      View Details
    • $2,993,000
      16,800 SF

      Fully Occupied Retail Center

      Stabilized retail center in Universal City, 100% occupied.
      1626 Pat Booker Rd, Universal City, TX 78148
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,625 SF

      Retail Space with High Visibility

      Retail space with high traffic and excellent signage opportunities.
      8300-8350 Pat Booker Rd, Universal City, TX 78148
      View Details
    • Contact for pricing

      Retail Space on Pat Booker

      Retail space in a high-traffic shopping center.
      3150 Pat Booker Rd, Universal City, TX 78148
      View Details
    • $17 SF/Yr
      15,893 SF

      Prime Universal City Retail Space

      15,893 SF Retail Space - NNN Lease
      3150 Pat Booker Rd, Universal City, TX 78148
      View Details
    • Contact for pricing

      Land for Ground Lease

      Available land for ground lease with frontage access.
      1604 And Kitty Hawk, Universal City, TX 78148
      View Details
    • Contact for pricing

      Retail Space Near Olympia Parkway

      Retail space with high visibility and easy access.
      2318 Pat Booker Rd, Universal City, TX 78148
      View Details
    • $1.50 SF/Yr
      9,000 SF

      Retail Space For Rent

      New construction retail space available for lease.
      2405 Pat Booker Rd, Universal City, TX 78148
      View Details
    View Listing
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    Universal City, TX 78148
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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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