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    2838 N Loop 1604 E San Antonio, TX 78232

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    2838 N Loop 1604 E San Antonio, TX 78232

    View on Map
    • Strip malls
    • 31,189 SF
    • 3.00 lot acres
    For Lease
    $875,000
    View Listing →
    Redland Trails Shopping Center Space For Lease
    $875,000
    32,923 SF

    Redland Trails Shopping Center Space

    32,923 SF shopping center with high visibility.

    2838 N Loop 1604 E, San Antonio, TX 78232
    View Listing
    Property ID
    US82-2978397
    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
    $875,000
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 2838 N Loop 1604 E

    Year built
    2007
    Lot size
    3.00 lot acres
    Property size
    31,189 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    15675-004-0010
    APU
    156750040010

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,110,000
      Market price range: $574k - $1.43M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4435
    Latitude
    29.6014
    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
    $172,161
    $2,292,550
    $5,207,450
    $7,500,000
    -
    $2,292,550
    $5,207,450
    $7,500,000

    Comparable in this City

    • Value Estimation
      $1,105,000
      29,301 SF

      2815 Loop 1604th E

      SHOPPING CENTER, STRIP CENTER • 29,301 SF
      2815 Loop 1604th E, San Antonio, TX 78232-1708
      View Details
    • Value Estimation by Request
      6,278 SF

      923 Loop 1604th E

      SHOPPING CENTER, STRIP CENTER • 6,278 SF
      923 Loop 1604th E, San Antonio, TX 78232-1385
      View Details
    • Value Estimation
      $700,000
      32,787 SF

      16350 Blanco Rd

      SHOPPING CENTER, STRIP CENTER • 32,787 SF
      16350 Blanco Rd, San Antonio, TX 78232-3339
      View Details
    • Value Estimation by Request
      3,600 SF

      14427 Brk Holw Blvd

      SHOPPING CENTER, STRIP CENTER • 3,600 SF
      14427 Brk Holw Blvd, San Antonio, TX 78232-3826
      View Details
    • Value Estimation by Request
      13,091 SF

      1141 Loop 1604th E

      SHOPPING CENTER, STRIP CENTER • 13,091 SF
      1141 Loop 1604th E, San Antonio, TX 78232-1339
      View Details
    • Value Estimation by Request
      10,586 SF

      139 Loop 1604th E

      SHOPPING CENTER, STRIP CENTER • 10,586 SF
      139 Loop 1604th E, San Antonio, TX 78232-1389
      View Details

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      3,902 SF

      Retail Property on Loop 1604

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      5,000 SF

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      Versatile commercial building suitable for restaurant or retail use.
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      30,000 SF

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    Similar Nearby for Lease

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      2,870 SF

      Retail Space in Adobe Creek

      Neighborhood shopping center with high traffic and desirable demographics.
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      4,090 SF

      Retail Space Near San Antonio Airport

      Move-in ready retail spaces available near Highway 281.
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      279,468 SF

      San Antonio Shopping Center Space

      Located in the North Central submarket with direct highway access.
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      Retail Space in Sonterra Village

      Retail spaces for lease in high-growth San Antonio location.
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      Retail Space Near San Antonio Airport

      Move-in ready retail spaces available near Highway 281.
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      View Details
    • Contact for pricing

      Redland Trails Shopping Center Space

      32,923 SF shopping center with high visibility.
      2838 N Loop 1604 E, San Antonio, TX 78232
      View Details
    View Listing
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    San Antonio, TX 78232
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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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