Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3535 Wiseman Blvd San Antonio, TX 78251-4405

    • Office properties & Spaces
    • 65,071 SF
    • 17.79 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2020
    Value Estimations
    $7,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9320090
    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 3535 Wiseman Blvd

    Year built
    2008
    Lot size
    17.79 lot acres
    Property size
    65,071 SF
    Property type
    Office properties & Spaces
    APN
    18170-001-0080
    APU
    181700010080

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,731,000
      Market price range: $869k - $8.77M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,750,000
      Current use
      RESTAURANT
      $9,125,000
      Change: +92% Conversion: Difficult
      RETAIL STORES
      $6,070,000
      Change: +28% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,010,000
      Change: +27% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,815,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.6798
    Latitude
    29.4742
    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
    $631,585
    $5,872,340
    $21,627,660
    $27,500,000
    -
    $5,872,340
    $21,627,660
    $27,500,000

    Comparable in this City

    • Value Estimation
      $890,000
      18,125 SF

      9340 Westover Hls Blvd

      OFFICE (GENERAL) • 18,125 SF
      9340 Westover Hls Blvd, San Antonio, TX 78251-2703
      View Details
    • Value Estimation by Request
      1,345 SF

      1530 Xrds Crossroads

      OFFICE (GENERAL) • 1,345 SF
      1530 Xrds Crossroads, San Antonio, TX 78251-2184
      View Details
    • Value Estimation
      $1,285,000
      28,144 SF

      Rogers Rd

      OFFICE (GENERAL) • 28,144 SF
      Rogers Rd, San Antonio, TX 78251
      View Details
    • Value Estimation
      $2,950,000
      107,940 SF

      Rogers Run

      OFFICE (GENERAL) • 107,940 SF
      Rogers Run, San Antonio, TX 78251
      View Details
    • Value Estimation
      $6,270,000
      266,681 SF

      9903 Nationwide Dr

      OFFICE (GENERAL) • 266,681 SF
      9903 Nationwide Dr, San Antonio, TX 78251-3583
      View Details
    • Value Estimation by Request
      60,000 SF

      11071 Tx-151

      Medical Office Space • 60,000 SF
      11071 Tx-151, San Antonio, TX 78251
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,930 SF

      Medical Office Space For Sale

      Class A medical office space in a new office park.
      5250 Rogers Rd, San Antonio, TX 78251
      View Details
    • $4,897,000
      6,631 SF

      San Antonio Medical Office Building

      High-yield, NNN-leased medical office.
      738 Loop 1604, San Antonio, TX 78251
      View Details
    • $3,500,000
      3.25 Acres

      Westover Hills Medical Office

      Class A, Vacant, San Antonio, TX
      9215 Westover Hills Blvd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      9,853 SF

      Westover Hills Area Medical Office

      Medical office building in the Westover Hills area.
      9139 Westover Hills Blvd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      3,015 SF

      Westover Hills Medical Offices

      Modern Medical Office Space - San Antonio, TX
      9710 Westover Hills Blvd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      1.19 Acres

      Westover Hills Commercial Land

      Prime San Antonio commercial lot, 1.19 acres
      9676 Westover Hills Blvd, San Antonio, TX 78251
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,015 SF

      Westover Hills Medical Office Space

      Modern Medical Office Building, San Antonio, TX
      9710 Westover Hills Blvd, San Antonio, TX 78251
      View Details
    • $28 SF/Yr
      26,550 SF

      Potranco & Ingram Rd Office Space

      Modern San Antonio Office Suites, 1,500-4,480 SF
      8610 Potranco Rd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      129,224 SF

      New Class A Office Building

      New Class A office building in San Antonio's Westover Hills.
      3600 Wiseman Blvd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      17,520 SF

      San Antonio Office Space Available

      Office space available for lease in San Antonio, Texas.
      9810 State Highway 151, San Antonio, TX 78251
      View Details
    • Contact for pricing
      2,650 SF

      Office Space on Wiseman Blvd

      Office space available for lease with 2,650 square feet.
      3922 Wiseman Blvd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      10,570 SF

      Retail and Office Space Available

      Retail, office, and pad sites available with high traffic.
      State Highway 151, San Antonio, TX 78251
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3535 Wiseman Blvd
    San Antonio, TX 78251-4405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!