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    3615 Culebra Rd San Antonio, TX 78228-5914
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    3615 Culebra Rd San Antonio, TX 78228-5914

    View on Map
    • Office properties & Spaces
    • 15,936 SF
    • 1.11 lot acres
    Off-Market
    Property ID
    US82-4509273
    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
    $1,910,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • New Season Treatment Center – NW San Antonio / Medical Clinic

    Property Details for 3615 Culebra Rd

    Year built
    1975
    Lot size
    1.11 lot acres
    Property size
    15,936 SF
    Property type
    Office properties & Spaces
    APN
    11410-022-0420
    APU
    114100220420

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,997,000
      Market price range: $617k - $4.86M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,700,000
      Current use
      RESTAURANT
      $2,715,000
      Change: +1% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,165,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5735
    Latitude
    29.4501
    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
    $42,880
    $364,760
    $1,355,380
    $1,720,140
    -
    $364,760
    $1,355,380
    $1,720,140

    Comparable in this City

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    • Value Estimation
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      4406 Piedras Dr

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      4406 Piedras Dr, San Antonio, TX 78228-1207
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      235 Ligustrum Dr

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      235 Ligustrum Dr, San Antonio, TX 78228-4020
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    • Value Estimation
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      73,790 SF

      4241 Woodcock Dr

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    • Value Estimation by Request
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      1819 Bandera Rd

      OFFICE (GENERAL) • 1,611 SF
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    • Value Estimation
      $3,010,000
      25,760 SF

      5825 Callaghan Rd

      OFFICE (GENERAL) • 25,760 SF
      5825 Callaghan Rd, San Antonio, TX 78228-1124
      View Details

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      4,800 SF

      Office/Warehouse with Fenced Yard

      4,800 SF office/warehouse on 0.51 acres with fenced yard.
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    • $110,000

      Standalone Building on Culebra Road

      Remodeled standalone building on busy Culebra Road, leased until June 2017.
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      19,730 SF

      Income-Producing Properties in San Antonio

      Two multi-tenant buildings with upside potential in Near Northwest submarket.
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    • $275,000
      1,932 SF

      Commercial Building on Culebra Road

      Commercial building with two units, suitable for retail or office.
      2518 Culebra Rd, San Antonio, TX 78228
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      14,698 SF

      Renovated Office Building Near Medical

      Extensively renovated office building in high-growth Northwest San Antonio.
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      Renovated Office Space Available

      Recently renovated office space with easy highway access.
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    Similar Nearby for Lease

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      Two-Story Office Property For Rent

      Two-story office property near San Antonio International Airport.
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      Renovated Office Space Available

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      Office Space Available For Lease

      Office space for lease at 4242 E Piedras Dr, TX.
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      Two-Story Office Property For Rent

      Two-story office property in an 11-building office park.
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      San Antonio Office Space Available

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      View Details
    • Contact for pricing
      794 SF

      Office Space with Multiple Offices

      Office space featuring reception, window offices, and storage area.
      4100 Piedras Dr E, San Antonio, TX 78228
      View Details
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    3615 Culebra Rd
    San Antonio, TX 78228-5914
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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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