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    Property profile & analytics

    2602 Loop 1604th W San Antonio, TX 78248-1477

    • Strip malls
    • 31,880 SF
    • 3.13 lot acres
    OFF-MARKET
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2538390
    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

    • Alex Post - State Farm Insurance Agent / Auto Insurance Agency / Home Insurance Agency
    • Papa John's Pizza / Pizza Restaurant
    • Kumon Math and Reading Center of San Antonio - Bitters & 1604 / After School Program / Learning Center
    • Kung Jung Mu Sul (KJMS) - Rogers Ranch / Martial Arts School / Karate Club
    • Lennys Grill & Subs #788 / Caterer / Deli

    Property Details for 2602 Loop 1604th W

    Year built
    2007
    Lot size
    3.13 lot acres
    Property size
    31,880 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    18926-003-0010
    APU
    189260030010

    Description

    Bitters Crossing offers exceptional retail space in Bexar County, Texas. This multi-tenant property boasts two available units, ranging from 1,200 to 4,653 square feet, providing flexibility for various business needs. The location is highly desirable, offering excellent visibility and accessibility due to its proximity to Bitters Road and major highways. This ensures high traffic volume and strong potential for customer reach. The surrounding area is characterized by established and affluent residential neighborhoods, including Rogers Ranch and Inwood, creating a robust customer base with significant spending power. The strategic placement near a Gold's Gym on the northwest corner of the intersection further enhances visibility and attracts a healthy foot traffic. This property presents a unique opportunity for businesses seeking a prime location within a thriving community. The available spaces are ideal for a variety of retail concepts, offering the potential for significant return on investment. Interested parties are encouraged to inquire for further details and leasing options. The property is situated in a high-traffic area with easy access to major thoroughfares, making it an attractive location for businesses seeking high visibility and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $930,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5339
    Latitude
    29.6018
    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
    $206,701
    $3,907,240
    $5,092,760
    $9,000,000
    -
    $3,907,240
    $5,092,760
    $9,000,000

    Comparable in this City

    • Value Estimation
      $470,000
      8,900 SF

      16675 Huebner Rd

      SHOPPING CENTER, STRIP CENTER • 8,900 SF
      16675 Huebner Rd, San Antonio, TX 78248-2345
      View Details
    • Value Estimation
      $700,000
      21,280 SF

      16611 Huebner Rd

      SHOPPING CENTER, STRIP CENTER • 21,280 SF
      16611 Huebner Rd, San Antonio, TX 78248-2330
      View Details
    • Value Estimation
      $470,000
      30,036 SF

      16535 Huebner Rd

      SHOPPING CENTER, STRIP CENTER • 30,036 SF
      16535 Huebner Rd, San Antonio, TX 78248-1641
      View Details
    • Value Estimation
      $385,000
      20,020 SF

      15502 Huebner Rd

      SHOPPING CENTER, STRIP CENTER • 20,020 SF
      15502 Huebner Rd, San Antonio, TX 78248-0998
      View Details
    • Value Estimation
      $395,000
      6,120 SF

      1130 Loop 1604th W

      SHOPPING CENTER, STRIP CENTER • 6,120 SF
      1130 Loop 1604th W, San Antonio, TX 78248-4506
      View Details
    • Value Estimation
      $520,000
      20,280 SF

      1602 Loop 1604th W

      SHOPPING CENTER, STRIP CENTER • 20,280 SF
      1602 Loop 1604th W, San Antonio, TX 78248-4514
      View Details

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    Similar Nearby for Lease

    • $24 SF/Yr
      190,000 SF

      115 Loop 1604

      Lifestyle centers • 190,000 SF
      115 Loop 1604, San Antonio, TX 78248
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    • Contact for pricing
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      Plaza Las Campanas Retail Space

      San Antonio Retail Opportunity: High-traffic location.
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      Retail Space on Huebner Road

      Retail property available for lease on Huebner Road.
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      View Details
    • $26 SF/Yr
      30,446 SF

      Prime San Antonio Retail Space

      Strip Center, 8,135 SF Available
      1846 Acc Rd, San Antonio, TX 78248
      View Details
    • Contact for pricing
      4,653 SF

      Retail Space with Highway Exposure

      Retail space with highway access and affluent neighborhood surroundings.
      2602 N Loop 1604 W, San Antonio, TX 78248
      View Details
    • $18 SF/Yr
      21,376 SF

      Huebner Rd. Office Complex

      San Antonio medical & office space for lease
      16675 Huebner Rd, San Antonio, TX 78248
      View Details
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    San Antonio, TX 78248-1477
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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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