Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2503 Observation Dr San Antonio, TX 78227

    • Auto shops
    • 1,500 SF
    • 2.80 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5049683
    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

    • Auto shops

    Property Details for 2503 Observation Dr

    Year built
    2003
    Lot size
    2.80 lot acres
    Property size
    1,500 SF
    Property type
    Auto shops
    APN
    15507-009-0201
    APU
    155070090201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $308,000
      Market price range: $98.8k - $308k

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.647
    Latitude
    29.4048
    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
    $414,690
    $205,050
    $619,740
    -
    $414,690
    $205,050
    $619,740

    Comparable in this City

    • Value Estimation
      $375,000
      4,800 SF

      101 Westoak Rd

      AUTO REPAIR, GARAGE • 4,800 SF
      101 Westoak Rd, San Antonio, TX 78227-3523
      View Details
    • Value Estimation
      $345,000
      4,620 SF

      7335 Us Hwy 90

      AUTO REPAIR, GARAGE • 4,620 SF
      7335 Us Hwy 90, San Antonio, TX 78227-3563
      View Details
    • Value Estimation
      $365,000
      3,721 SF

      1635 Columbia Sq

      AUTO REPAIR, GARAGE • 3,721 SF
      1635 Columbia Sq, San Antonio, TX 78227-2410
      View Details
    • Value Estimation
      $315,000
      1,500 SF

      5487 Us Hwy 90

      AUTO REPAIR, GARAGE • 1,500 SF
      5487 Us Hwy 90, San Antonio, TX 78227-4218
      View Details
    • Value Estimation
      $490,000
      8,555 SF

      7632 Marbach Rd

      AUTO REPAIR, GARAGE • 8,555 SF
      7632 Marbach Rd, San Antonio, TX 78227-1617
      View Details
    • Value Estimation
      $320,000
      1,470 SF

      2122 Pinn Rd

      AUTO REPAIR, GARAGE • 1,470 SF
      2122 Pinn Rd, San Antonio, TX 78227-2915
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Truck Parking with Living Quarters

      3+ acre property with truck parking and living quarters.
      6123 Enrique M Barrera, San Antonio, TX 78227
      View Details
    • Contact for pricing
      7,566 SF

      San Antonio Land For Sale

      Land available for sale in San Antonio, Texas.
      2830 Loop 410 NE, San Antonio, TX 78227
      View Details
    • Contact for pricing
      10,200 SF

      Prime Loop 410 Retail Pad

      High-exposure retail space on Loop 410 in San Antonio.
      4306 Loop 410 NW, San Antonio, TX 78227
      View Details
    • $457,500
      3,050 SF

      San Antonio Restaurant Space For Sale

      Turnkey Restaurant, High-Traffic Location
      2403 Pinn Rd, San Antonio, TX 78227
      View Details
    • $649,900
      4,300 SF

      San Antonio Nursery - $649,900

      Thriving Nursery, High Traffic, Great Location
      2006 Pinn Rd, San Antonio, TX 78227
      View Details
    • $10,333,130
      64,200 SF

      San Antonio Retail Opportunity

      Retail property available for sale in San Antonio, Texas.
      2000 Loop 410 SE, San Antonio, TX 78227
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      4,775 SF

      Automotive Shop on Military Drive

      Second-generation tire shop with excellent visibility and access.
      7423 W Military Dr, San Antonio, TX 78227
      View Details
    • $11 SF/Yr
      33,891 SF

      Loop 410 Creative Office Space

      San Antonio Office Suites Available
      1305 Loop 410, San Antonio, TX 78227
      View Details
    • $19 SF/Yr
      137,580 SF

      Marbach Road Retail Opportunity

      San Antonio retail space, 1,100 SF available.
      7519 Marbach Rd, San Antonio, TX 78227
      View Details
    • Contact for pricing
      11,056 SF

      San Antonio Retail Space Available

      Retail space for lease in a busy San Antonio shopping center.
      742 Loop 410 NW, San Antonio, TX 78227
      View Details
    • Contact for pricing
      52,272 SF

      Prime San Antonio Retail Space

      High-traffic retail center, Bexar County.
      368 Valley Hi Dr, San Antonio, TX 78227
      View Details
    • $12 SF/Yr
      110,788 SF

      Shops @ 90: Prime Retail Space

      High-traffic retail center; major renovations complete.
      7535 Us Highway 90, San Antonio, TX 78227
      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.
    2503 Observation Dr
    San Antonio, TX 78227
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.