Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    403 N Loop 1604 W San Antonio, TX 78232
    Back to Search
    Property profile & analytics

    403 N Loop 1604 W, San Antonio, TX 78232

    View on Map
    • Retail space
    • 42,748 SF
    • 4.42 lot acres
    For Lease
    $5,105,000
    View Listing →
    Retail Space in Sonterra Village For Lease
    $5,105,000

    Retail Space in Sonterra Village

    Retail spaces for lease in high-growth San Antonio location.

    403 N Loop 1604 W, San Antonio, TX 78232
    View Listing
    Property ID
    US82-3025441
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sonterra Village / Shopping Center & Mall
    • Trader Joe's / Grocery & Convenience Store / Food Market

    Property Details for 403 N Loop 1604 W

    Year built
    2014
    Lot size
    4.42 lot acres
    Property type
    Retail space
    APN
    16331-001-0240
    APU
    163310010240

    Description

    Sonterra Village, located at 403 N Loop 1604 W in San Antonio, Texas, offers exceptional retail space in Bexar County. This multi-tenant property boasts a total of 42,447 square feet, with two suites currently available. Units range from a minimum of 1,125 square feet to a maximum contiguous space of 2,575 square feet, providing flexibility for various business needs. A total of 3,700 square feet is currently vacant. The property benefits from its strategic location within the high-growth San Antonio market, offering convenient access to the Stone Oak Master Planned Community. Its visibility is enhanced by its proximity to Loop 1604, a major thoroughfare with over 120,000 vehicles passing daily. The center is anchored by a Trader Joe's, creating a strong draw for customers and a complementary tenant mix. This presents a unique opportunity for businesses seeking high visibility and access to a thriving consumer base in a well-established retail center. The zip code is 78232.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,818,000
      Market price range: $1.46M - $5.82M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,990,000
      Current use
      RESTAURANT
      $5,995,000
      Change: +50% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,950,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4994
    Latitude
    29.6096
    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
    $383,295
    $4,199,220
    $12,498,640
    $16,697,860
    -
    $4,199,220
    $12,498,640
    $16,697,860

    Comparable in this City

    • Value Estimation
      $1,025,000
      19,716 SF

      7551 Culebra Rd

      RETAIL STORES (PERSONAL SERVICES)
      7551 Culebra Rd, San Antonio, TX 78251
      View Details
    • Value Estimation
      $920,000
      6,944 SF

      10554 Culebra Rd

      RETAIL STORES (PERSONAL SERVICES)
      10554 Culebra Rd, San Antonio, TX 78251-3641
      View Details
    • Value Estimation by Request
      7,372 SF

      7507 Grissom Rd

      RETAIL STORES (PERSONAL SERVICES)
      7507 Grissom Rd, San Antonio, TX 78251-4728
      View Details
    • Value Estimation by Request
      8,976 SF

      9881 Culebra Rd

      RETAIL STORES (PERSONAL SERVICES)
      9881 Culebra Rd, San Antonio, TX 78251-3703
      View Details
    • Value Estimation by Request
      9,100 SF

      8506 Culebra Rd

      RETAIL STORES (PERSONAL SERVICES)
      8506 Culebra Rd, San Antonio, TX 78251-4811
      View Details
    • Value Estimation by Request
      928 SF

      10623 Culebra Rd

      RETAIL STORES (PERSONAL SERVICES)
      10623 Culebra Rd, San Antonio, TX 78251-1346
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in San Antonio

      Located in a vibrant area with many amenities.
      619 Hunt Ln, San Antonio, TX 78251
      View Details
    • Contact for pricing
      86,000 SF

      Freestanding Academy Sports Investment Opportunity

      Freestanding Academy Sports on Loop 1604 N, San Antonio, TX.
      714 W Loop 1604 N, San Antonio, TX 78251
      View Details
    • Contact for pricing

      San Antonio QSR For Sale

      720 SF QSR with drive-thru, excellent visibility.
      8403 Culebra Rd, San Antonio, TX 78251
      View Details
    • $1,995,000
      1.38 Acres

      Full-Service Car Wash with Rear Bays

      Established wash-and-lube operation on a high-traffic corridor, with two rear bays available to lease or generate additional income.
      7225 Culebra Rd, San Antonio, TX 78251
      View Details
    • $3,400,000
      0.67 Acres

      Touchless Car Wash with Self-Serve Bays

      High-visibility car wash with upgraded equipment, touchless IBA service, and multiple self-serve options for steady customer flow.
      8050 Culebra Rd, San Antonio, TX 78251
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Growing Area

      1,500 SF retail space in Northwest San Antonio.
      10650 Culebra Rd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      2,648 SF

      Retail Space on Culebra Road

      Retail spaces available along a primary retail thoroughfare.
      8333-8373 Culebra Rd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      49,092 SF

      Retail Space on Culebra Road

      Retail spaces available on a primary retail thoroughfare.
      8323 Culebra Rd, San Antonio, TX 78251
      View Details
    • Contact for pricing

      Retail Space on Culebra Road

      Retail space available with ample parking and pylon signage.
      7902 Culebra Rd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      1,875 SF

      Prime San Antonio Retail Pad

      1,875 SF Retail Space, 1.97 Acres
      TX-151 And Potranco Rd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      12,000 SF

      San Antonio Retail Spaces Available

      Multiple retail spaces available in a growing San Antonio area.
      5855 Rogers Rd, San Antonio, TX 78251
      View Details
    View Listing
    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.
    403 N Loop 1604 W
    San Antonio, TX 78232
    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

    Thank You for Inquiry
    403 N Loop 1604 W, San Antonio, TX, 78232
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!