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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Strip malls
2838 Loop 1604th E San Antonio, TX 78232-1711
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-2978397
Property summary
AI-generated overview
Redland Trails is a single-story, 32,923-square-foot shopping center located at 2838 N Loop 1604 E, San Antonio, Texas 78232, in Bexar County. This property boasts excellent visibility along Loop 1604 and Redland Road, benefiting from its location in a high-growth area near numerous residential neighborhoods, including Redland Estates and Canyon View subdivisions. The center currently houses a strong mix of tenants, including El Chaparral, Farmers Insurance, and Dr. Rogers Weight Loss Centers. The property offers ample parking with 112 spaces available. Two retail spaces are currently available, ranging in size from 1,450 square feet to 8,042 square feet, presenting a unique opportunity for businesses seeking high-traffic exposure. The strategic location near the new Tesoro corporate headquarters further enhances the property's appeal and potential for growth. This is a prime opportunity to establish a presence in a thriving San Antonio retail market.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
31,189 SF
Lot
3 ac (130,680 SF)
APN
15675-004-0010
UPID
US82-2978397
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Redland Trails Shopping Center Shopping Center & Mall
-
Glow Salon & Spa Hair Salon Nail Salon
-
Dr. Melissa Kempf Pediatrician Physician
-
David Tharakan Pediatrician Physician
-
Charity Weberg Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$875k
Owner & transaction history
7007 Limited Partnership · 8 yrs held
7007 Limited Partnership
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.4M
+35.0%
Warehouse, storage
$1.4M
+31.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Antonio submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Antonio submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,030,000
Current use
INDUSTRIAL (GENERAL)
$1,395,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,360,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$28 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$172,161
Tax year 2023
Assessed value
$7,500,000
Assessed 2023
Previous assessed
$7,500,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$2,292,550
Assessed improvement
$5,207,450
Land market value
$2,292,550
Improvement market value
$5,207,450
Total market value
$7,500,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
31,189 SF
Lot
3 ac (130,680 SF)
APN
15675-004-0010
UPID
US82-2978397
Jurisdiction
BEXAR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3 ac
Current owner
From public records · entity-resolved
7007 Limited Partnership
Entity
Mailing address
1723 N LOOP 1604TH E, SAN ANTONIO, TX 78232-1669
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2017
—
7007 Limited Partnership
Fh Redland LP
Venders Lien
$3,500,000 · United States Of America
Aug 1, 2011
—
Fh Redland LP
Redlands Trail Retail Ltd
Quit Claim Deed
$3,725,000 · Southern Farm Bureau Life Ins
Jan 20, 2006
$1,070,712
Redlands Trail Retail Ltd
State Of Texas
Deed
$4,000,000 · Texas Capital Bank NA
—
—
Redlands Trail Retail Ltd
—
Deed Of Trust
related
$400,000 · Texas Capital Bank NA
—
—
Redlands Trail Retail Ltd
—
Deed Of Trust
related
$4,400,000 · Texas Capital Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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