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

    2510 Fm 1516th N Converse, TX 78109-3533

    • Manufacturing properties
    • 64,010 SF
    • 13.49 lot acres
    OFF-MARKET
    Value Estimations
    $1,445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0362493
    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

    • Manufacturing properties

    Property Details for 2510 Fm 1516th N

    Year built
    2017
    Lot size
    13.49 lot acres
    Property size
    64,010 SF
    Property type
    Manufacturing properties
    APN
    05101-204-0060
    APU
    51012040060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $920,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,966,000
      Market price range: $866k - $2.17M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,405,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Converse
    County
    Bexar
    State
    Texas
    Longitude
    -98.3174
    Latitude
    29.4514
    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
    $138,480
    $840,610
    $7,159,390
    $8,000,000
    -
    $840,610
    $7,159,390
    $8,000,000

    Comparable in this City

    • Value Estimation by Request
      16,525 SF

      402 Gibbs Sprawl Rd

      MANUFACTURING (LIGHT) • 16,525 SF
      402 Gibbs Sprawl Rd, Converse, TX 78109-1546
      View Details
    • Value Estimation by Request
      2,450 SF

      9092 Grn Rd

      MANUFACTURING (LIGHT) • 2,450 SF
      9092 Grn Rd, Converse, TX 78109-3756
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    • Value Estimation
      $665,000
      17,820 SF

      11670 Interstate 10th E

      MANUFACTURING (LIGHT) • 17,820 SF
      11670 Interstate 10th E, Converse, TX 78109-3032
      View Details
    • Value Estimation by Request
      14,100 SF

      9746 Grn Rd

      MANUFACTURING (LIGHT) • 14,100 SF
      9746 Grn Rd, Converse, TX 78109-3386
      View Details
    • Value Estimation
      $5,505,000
      83,090 SF

      8150 Kitty Hawk Rd

      MINI-WAREHOUSE, STORAGE • 83,090 SF
      8150 Kitty Hawk Rd, Converse, TX 78109-2477
      View Details
    • Value Estimation by Request
      576 SF

      10054 Wurzbach St

      WAREHOUSE, STORAGE • 576 SF
      10054 Wurzbach St, Converse, TX 78109-2911
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.00 Acres

      Converse, TX Industrial Land

      Prime Industrial Land: Sale/Lease. Excellent location.
      2750 Farm To Market 1516, Converse, TX 78109
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    • Contact for pricing

      Warehouse Space Near FM 1976

      Warehouse space with overhead door, high ceilings, and parking.
      8801 113, Converse, TX 78109
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    • $1,500,000
      8,000 SF

      Converse Commercial Property For Sale

      8,000 SF commercial property in Converse, TX. Investment opportunity.
      9202 Converse Business Ln, Converse, TX 78109
      View Details
    • $2,000,000

      Mixed-Use Property in Converse, TX

      Two buildings with offices, warehouses, and garages on 0.5691 acres.
      101-103 Gibbs Sprawl Rd, Converse, TX 78109
      View Details
    • Contact for pricing

      1950 SQFT Warehouse with Offices

      Warehouse with 600 SQFT offices, high ceiling, roll-up door.
      8845 107, Converse, TX 78109
      View Details
    • $400,000
      1,140 SF

      Converse Flex Space For Sale

      Flex space property in Converse, TX, ideal for various uses.
      9483 Kneupper Ln, Converse, TX 78109
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr

      Industrial Park Warehouse Space Available

      Industrial park featuring a standalone warehouse building with outdoor storage.
      9092 Green Rd, Converse, TX 78109
      View Details
    • Contact for pricing
      32,610 SF

      Converse, TX Industrial Park

      Six-building warehouse/flex space for lease.
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      View Details
    • Contact for pricing
      1,488 SF

      Prime Converse Commercial Space

      Renovated 1,488 SF building, great location.
      9316 I-10 Frontage Rd, Converse, TX 78109
      View Details
    • $14 SF/Yr
      2,500 SF

      Industrial Space Available For Lease

      Industrial property available for lease, offering 2500 square feet.
      9314 Converse Business Ln, Converse, TX 78109
      View Details
    • Contact for pricing

      Land for Lease

      Land available for lease in Converse, Texas.
      2750 Farm To Market 1516, Converse, TX 78109
      View Details
    • Contact for pricing
      3,319 SF

      Retail Space Available For Lease

      Retail space available for lease in Converse, Texas.
      9149 Fm 78, Converse, TX 78109
      View Details
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    2510 Fm 1516th N
    Converse, TX 78109-3533
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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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