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

    3460 Nene Pkwy San Antonio, TX 78218-3304

    • Office Properties & Spaces
    • 11,587 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3343962
    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 Properties & Spaces

    Property Details for 3460 Nene Pkwy

    Year built
    1997
    Lot size
    1.11 lot acres
    Property size
    11,587 SF
    Property type
    Office Properties & Spaces
    APN
    16890-003-0050
    APU
    168900030050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $748,000
      Market price range: $182k - $1.41M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $695,000
      Current use
      RETAIL STORES
      $980,000
      Change: +41% Conversion: Easy
      MEDICAL BUILDING
      $960,000
      Change: +38% Conversion: Easy
      OFFICE BUILDING
      $770,000
      Change: +10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4286
    Latitude
    29.4925
    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
    $0.00
    $238,480
    $1,115,130
    $1,353,610
    -
    $238,480
    $1,115,130
    $1,353,610

    Comparable in this City

    • Value Estimation
      $1,830,000
      110,252 SF

      4825 Rittiman Rd, Unit 48

      OFFICE (GENERAL) • 110,252 SF
      4825 Rittiman Rd, San Antonio, TX 78218-4633
      View Details
    • Value Estimation
      $2,075,000
      87,000 SF

      5100 Kaepa Ct

      OFFICE (GENERAL) • 87,000 SF
      5100 Kaepa Ct, San Antonio, TX 78218-5543
      View Details
    • Value Estimation
      $1,760,000
      75,150 SF

      4302 Tejasco, Unit 43

      OFFICE (GENERAL) • 75,150 SF
      4302 Tejasco, San Antonio, TX 78218-5240
      View Details
    • Value Estimation
      $4,875,000
      196,450 SF

      4810 Eisenhauer Rd

      OFFICE (GENERAL) • 196,450 SF
      4810 Eisenhauer Rd, San Antonio, TX 78218-3722
      View Details
    • Value Estimation
      $1,000,000
      22,040 SF

      3407 Nene Pkwy

      OFFICE (GENERAL) • 22,040 SF
      3407 Nene Pkwy, San Antonio, TX 78218-3348
      View Details
    • Value Estimation
      $610,000
      5,168 SF

      8000 Midcrown Dr

      OFFICE (GENERAL) • 5,168 SF
      8000 Midcrown Dr, San Antonio, TX 78218-2311
      View Details

    Similar Nearby for Sale

    • $600,000
      1,515 SF

      Aina Lane Mixed-Use Development

      San Antonio, TX: 1,515 SF, 4.63 Acres
      4130 Aina Ln, San Antonio, TX 78218
      View Details
    • Contact for pricing

      Move-In Special Office Space

      Approximately 1050 sq ft office space available for sale.
      4444 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      4.22 Acres

      Loop 410 Commercial Land

      4.22 Acres, High-Visibility Location
      2830 Loop 410, San Antonio, TX 78218
      View Details
    • $600,000

      San Antonio Land Opportunity

      Developer opportunity for retail or mixed-use development in San Antonio.
      4130 Aina Ln, San Antonio, TX 78218
      View Details
    • $1,781,321
      3,105 SF

      Pizza Hut Sale Leaseback Opportunity

      Freestanding Pizza Hut with new 15-year lease in San Antonio.
      6380 Rittiman Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing

      Redeveloped Office Space with Parking

      Office space with separate entrance and parking available for sale.
      8047 Midcrown Dr, San Antonio, TX 78218
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      49,000 SF

      Walzem Road Office Space Available

      San Antonio Office Building - 12 Suites Available
      4615 Walzem Rd, San Antonio, TX 78218
      View Details
    • $20 SF/Yr
      34,138 SF

      Sam Houston Center Retail Space

      Prime San Antonio Retail/Office Opportunity
      1003 Rittiman Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      21,839 SF

      Camelot Center Retail Space Available

      Prime Retail Center, Multiple Suites Available
      5524 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      13,750 SF

      Office/Warehouse Flex Property For Rent

      Office/warehouse flex property with convenient access to Loop 410 and IH-35.
      5008-5128 Service Center Dr, San Antonio, TX 78218
      View Details
    • $10 SF/Yr
      83,050 SF

      Austin Hwy Office Sublease Opportunity

      83,050 SF Office, Furnished, San Antonio
      2735 Austin Hwy, San Antonio, TX 78218
      View Details
    • $12 SF/Yr
      21,365 SF

      Austin Hwy Commercial Spaces

      San Antonio Multi-Use Spaces Available
      2007 Austin Hwy, San Antonio, TX 78218
      View Details
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    3460 Nene Pkwy
    San Antonio, TX 78218-3304
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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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