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    Property profile & analytics

    32335 Us Hwy 281st N, Unit 1 Bulverde, TX 78163-3316

    • Office buildings
    • 2,294 SF
    • 1.45 lot acres
    OFF-MARKET
    Last Sale
    Feb 21, 2023
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    5.7%
    Office buildings
    Location Intelligence
    Property ID
    US82-1961206
    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

    • Office buildings

    Property Details for 32335 Us Hwy 281st N

    Year built
    1993
    Lot size
    1.45 lot acres
    Property size
    2,294 SF
    Property type
    Office buildings
    APN
    11-0120-0120-00
    APU
    110120012000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $580,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $555,000
      6.5%
      $515,000
      7%
      $475,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bulverde
    County
    Comal
    State
    Texas
    Longitude
    -98.4281
    Latitude
    29.7733
    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
    $55,045
    $553,430
    $2,630,940
    $3,184,370
    -
    $553,430
    $2,630,940
    $3,184,370

    Comparable in this City

    • Value Estimation
      $515,000
      8,229 SF

      30470 Cougar Bnd

      OFFICE BUILDING • 8,229 SF
      30470 Cougar Bnd, Bulverde, TX 78163-4577
      View Details
    • Value Estimation
      $615,000
      7,723 SF

      2395 Bulverde Rd

      OFFICE BUILDING • 7,723 SF
      2395 Bulverde Rd, Bulverde, TX 78163-4571
      View Details
    • Value Estimation by Request
      3,222 SF

      1723 Willow Spgs

      OFFICE BUILDING • 3,222 SF
      1723 Willow Spgs, Bulverde, TX 78163
      View Details
    • Value Estimation by Request
      7,440 SF

      29710 Us Hwy 281st N

      OFFICE BUILDING • 7,440 SF
      29710 Us Hwy 281st N, Bulverde, TX 78163-3246
      View Details
    • Value Estimation
      $630,000
      8,164 SF

      30695 Us Hwy 281st N

      OFFICE BUILDING • 8,164 SF
      30695 Us Hwy 281st N, Bulverde, TX 78163-3222
      View Details
    • Value Estimation by Request
      6,258 SF

      30360 Cougar Bnd

      OFFICE BUILDING • 6,258 SF
      30360 Cougar Bnd, Bulverde, TX 78163-4569
      View Details

    Similar Nearby for Sale

    • $2,750,000
      4,200 SF

      Bulverde Office Complex: 10 Acres

      Class A Office, Shop, & Land
      30665 Us Highway 281, Bulverde, TX 78163
      View Details
    • $3,400,000
      9,960 SF

      Bulverde Office Park Investment

      9,960 SF Office Building, High Growth Potential
      32685 Us Highway 281, Bulverde, TX 78163
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    • Contact for pricing
      2.01 Acres

      Bulverde Crossing Commercial Land

      Prime Bulverde location, C-3 zoning.
      281 N & Bulverde Xing, Bulverde, TX 78163
      View Details
    • $155,890
      1.02 Acres

      Hill Country Acre in Belle Oaks

      Build Your Dream Home in Texas
      620 Rosemary Ridge Dr, Bulverde, TX 78163
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    • $1,372,139
      2.10 Acres

      Bulverde Commercial Land - $1.3M

      Prime 2.1-acre retail pad, C-2 zoning.
      0 Hwy. 281 & Hwy 46, Bulverde, TX 78163
      View Details
    • $209,900
      1.01 Acres

      Bulverde Commercial Land - $209,900

      1.01-acre commercial lot, gated community.
      34676 Ansley Ridge Trl, Bulverde, TX 78163
      View Details

    Similar Nearby for Lease

    • $3,200,000
      909 SF

      Move-in Ready Medical Office Space

      Versatile medical office space with highway frontage in growing area.
      32685 Us Highway 281 N, Bulverde, TX 78163
      View Details
    • $23 SF/Yr
      7,200 SF

      Bulverde Office Space Sublease Available

      Move-in ready, 1,533 sq ft office suite.
      115 Old Boerne Rd, Bulverde, TX 78163
      View Details
    • $800 /Mo

      Professional Office Suite in Bulverde

      Office suite with warehouse door/storage, excellent visibility, easy access.
      23063 46 Hwy, Bulverde, TX 78163
      View Details
    • $24 SF/Yr
      9,960 SF

      Bulverde Medical Office Space

      Texas medical & office suites available.
      32685 Us Highway 281, Bulverde, TX 78163
      View Details
    • $22 SF/Yr
      3,223 SF

      Garden Office Setting For Rent

      Office space in a garden setting with ample parking.
      30745 Us Highway 281 N, Bulverde, TX 78163
      View Details
    • Contact for pricing
      1,663 SF

      Bulverde Office Space Available

      Office space available for rent in Bulverde, Texas.
      32665 Us Highway 281 N, Bulverde, TX 78163
      View Details
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    Bulverde, TX 78163-3316
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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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