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    Property profile & analytics

    3623 E Evans Rd San Antonio, TX 78259

    • Warehouses
    • 33,708 SF
    • 2.18 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9829491
    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

    • Christy's Closet / Clothing & Fashion Store
    • Fuel Perfect / Gas Station
    • South Texas Pool Tile Cleaning / General Contractor
    • BlueFire Home Buyer / Property Investment Company
    • Premier Window Tinting / Interior Design / Auto Repair Shop

    Property Details for 3623 E Evans Rd

    Year built
    2018
    Lot size
    2.18 lot acres
    Property size
    33,708 SF
    Property type
    Warehouses
    APN
    18218-001-0340
    APU
    182180010340

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,529,000
      Market price range: $1.03M - $3.21M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,985,000
      Current use
      MEDICAL BUILDING
      $2,790,000
      Change: +40% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,425,000
      Change: +22% Conversion: Difficult
      OFFICE BUILDING
      $2,235,000
      Change: +13% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,170,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4287
    Latitude
    29.6491
    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
    $103,296
    $1,239,810
    $3,460,190
    $4,700,000
    -
    $1,239,810
    $3,460,190
    $4,700,000

    Comparable in this City

    • Value Estimation
      $510,000
      14,200 SF

      18234 Redland Rd

      WAREHOUSE, STORAGE • 14,200 SF
      18234 Redland Rd, San Antonio, TX 78259
      View Details
    • Value Estimation by Request
      10,000 SF

      18953 Redland Rd

      WAREHOUSE, STORAGE • 10,000 SF
      18953 Redland Rd, San Antonio, TX 78259-3759
      View Details
    • Value Estimation
      $1,450,000
      14,344 SF

      1662 Encino Rio

      WAREHOUSE, STORAGE • 14,344 SF
      1662 Encino Rio, San Antonio, TX 78259-1825
      View Details
    • Value Estimation
      $7,935,000
      109,246 SF

      3627 Evans Rd

      MINI-WAREHOUSE, STORAGE • 109,246 SF
      3627 Evans Rd, San Antonio, TX 78259-1717
      View Details
    • Value Estimation
      $4,560,000
      127,162 SF

      17627 Overlook Loop

      MINI-WAREHOUSE, STORAGE • 127,162 SF
      17627 Overlook Loop, San Antonio, TX 78259-1866
      View Details
    • Value Estimation
      $555,000
      5,500 SF

      18765 Redland Rd

      WAREHOUSE, STORAGE • 5,500 SF
      18765 Redland Rd, San Antonio, TX 78259-3569
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11.40 Acres

      Prime Commercial Land, San Antonio

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      0 Us Highway 281, San Antonio, TX 78259
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      3,500 SF

      New Retail Space Available

      First-generation retail space in a new building.
      4411 E Evans Rd, San Antonio, TX 78259
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      63,597 SF

      Development Lot on Bulverde Rd

      Large development lot suitable for new construction on Bulverde Rd.
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      353,179 SF

      Legacy Shopping Center For Sale

      353,179 SF mixed-use center in San Antonio, 89% occupied.
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    • $2,400,000
      131,682 SF

      NW Loop 1604 Commercial Pads

      Two prime commercial land sites in San Antonio.
      3507 Loop 1604, San Antonio, TX 78259
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    Similar Nearby for Lease

    • $20 SF/Yr
      2,032 SF

      San Antonio Flex/Industrial Space

      Flex/industrial space available for lease in San Antonio, Texas.
      3623 E Evans Rd, San Antonio, TX 78259
      View Details
    • Contact for pricing
      9,220 SF

      High-End Flex Office Buildings

      Single-story flex office buildings with flexible space plans for rent.
      1922 Dry Creek Way, San Antonio, TX 78259
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      5,818 SF

      Retail Space in Growing Area

      Neighborhood retail shopping center at a major intersection.
      3643 E Evans Rd, San Antonio, TX 78259
      View Details
    • Contact for pricing
      3,294 SF

      Class A+ Office Space Available

      High-end office space with ample parking and signage opportunities.
      19026 Ridgewood Pkwy, San Antonio, TX 78259
      View Details
    • Contact for pricing
      1,935 SF

      Stone Oak Retail/Medical Space

      Second generation space in a dense residential area.
      2770 E Evans Rd, San Antonio, TX 78259
      View Details
    • Contact for pricing

      Corner Land Parcel For Lease

      Land parcel on corner of Bulverde and Evans Road.
      22111 Bulverde Rd, San Antonio, TX 78259
      View Details
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    San Antonio, TX 78259
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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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