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

    351 Vly Hi Dr San Antonio, TX 78227-4601

    • Drive through restaurants
    • 1,304 SF
    • 0.83 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2023
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3853446
    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

    • Sonic Drive-In / Fast Food Restaurant

    Property Details for 351 Vly Hi Dr

    Year built
    1997
    Lot size
    0.83 lot acres
    Property size
    1,304 SF
    Property type
    Drive through restaurants
    APN
    15193-031-0170
    APU
    151930310170

    Description

    This exceptional investment opportunity presents a 1,304 square foot Sonic Drive-In restaurant located at 351 Valley Hi Dr, San Antonio, TX 78227. The property sits on a 0.83-acre lot and boasts a strong 10-year absolute triple-net (NNN) lease, commencing July 1, 2024, and expiring July 1, 2034, with four 5-year renewal options. The franchisee tenant, a proven operator, plans a significant remodel post-closing. The lease includes a 10% rent increase every five years, providing a hedge against inflation. The current annual net operating income (NOI) is $145,000, resulting in a 6.25% cap rate and a price per square foot of $1,779.14. The property benefits from its high-visibility location off Highway 410, with over 60,000 vehicles passing daily, and its proximity to Lackland Air Force Base and Sam Rayburn Middle School. The surrounding area features strong demographics, including a 5-mile population of 197,923 and an average household income of $61,971. The property's strategic location is further enhanced by its adjacency to a large H-E-B grocery store and other national retailers. Built in 1997, this property offers a secure, long-term investment opportunity in a rapidly growing area of San Antonio, Texas, a state with no income tax. The property has a 100% occupancy rate and a 27-year history of occupancy, demonstrating the Sonic brand's staying power in this location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $221,000
      Market price range: $114k - $222k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $250,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.6381
    Latitude
    29.3822
    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
    $20,096
    $542,970
    $332,030
    $875,000
    -
    $542,970
    $332,030
    $875,000

    Comparable in this City

    • Value Estimation
      $475,000
      3,220 SF

      420 Vly Hi Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,220 SF
      420 Vly Hi Dr, San Antonio, TX 78227-4604
      View Details
    • Value Estimation
      $405,000
      5,034 SF

      1214 Enrique M Barrera Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,034 SF
      1214 Enrique M Barrera Pkwy, San Antonio, TX 78227-2212
      View Details
    • Value Estimation
      $405,000
      5,615 SF

      6921 Military Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,615 SF
      6921 Military Dr, San Antonio, TX 78227-3619
      View Details
    • Value Estimation
      $335,000
      1,967 SF

      8306 Marbach Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,967 SF
      8306 Marbach Rd, San Antonio, TX 78227-1604
      View Details
    • Value Estimation
      $370,000
      2,614 SF

      8214 Marbach Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,614 SF
      8214 Marbach Rd, San Antonio, TX 78227-1618
      View Details
    • Value Estimation
      $275,000
      2,541 SF

      6807 Military Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,541 SF
      6807 Military Dr, San Antonio, TX 78227-3618
      View Details

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      San Antonio Land For Sale

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    • $3,900,000
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      Retail Property on Marbach Road

      Retail property with a tenant on a long-term lease.
      8213 Marbach Rd, San Antonio, TX 78227
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    • $1,749,900
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      Retail Property on Signalized Corner

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    Similar Nearby for Lease

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      Retail space available in a busy San Antonio shopping center.
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      Retail Space in Park North

      Retail space available in a power shopping center.
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      Loop 410 Creative Office Space

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      Marbach Road Retail Opportunity

      San Antonio retail space, 1,100 SF available.
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      View Details
    • $15 SF/Yr
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      Automotive Shop on Military Drive

      Second-generation tire shop with excellent visibility and access.
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      View Details
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    San Antonio, TX 78227-4601
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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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