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    4440 S Piedras Dr San Antonio, TX 78228
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    4440 S Piedras Dr San Antonio, TX 78228

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    • Office properties & Spaces
    • 96,657 SF
    • 5.09 lot acres
    For Lease
    $9,450,000
    View Listing →
    Three-Story Office Property For Rent For Lease
    $9,450,000

    Three-Story Office Property For Rent

    Three-story office property near San Antonio International Airport.

    4440 S Piedras Dr, San Antonio, TX 78228
    View Listing
    Property ID
    US82-1477247
    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

    • Baptist M & S Imaging Center / Medical Billing Service
    • KCWX / Marketing & Advertising / Advertising Agency
    • Thank You Nurses Ltd / Employment Agency
    • Optum / Auto Repair Shop
    • Muniz Christopher MD / Physician

    Property Details for 4440 S Piedras Dr

    Year built
    1986
    Lot size
    5.09 lot acres
    Property size
    96,657 SF
    Property type
    Office properties & Spaces
    APN
    14277-004-0071
    APU
    142770040071

    Description

    This exceptional three-story executive office building, totaling 9,380 square feet, is situated in a desirable San Antonio location. Currently, the entire 9,380 square feet is available for lease, offering multiple tenancy options. The building features two suites, with a minimum divisible space of 3,666 square feet and a maximum contiguous space of 5,714 square feet, providing flexibility for various business needs. Built in 1987, the property boasts a convenient 4 parking spaces per 1000 square feet. Its strategic location within an 11-building office park offers easy access to San Antonio International Airport and the Central Business District (CBD). The surrounding area is rich with retail amenities, diverse dining options, and ample shopping opportunities, creating a vibrant and convenient environment for employees and clients. This property presents a rare opportunity to secure high-quality office space in a thriving area of Bexar County, Texas, with the zip code 78228. The address is 4440 S Piedras Dr, San Antonio, TX.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,533,000
      Market price range: $3.74M - $29.5M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $13,130,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5678
    Latitude
    29.4838
    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
    $183,192
    $1,330,320
    $6,018,541
    $7,348,861
    -
    $1,330,320
    $6,018,541
    $7,348,861

    Comparable in this City

    • Value Estimation
      $1,720,000
      9,250 SF

      235 Ligustrum Dr

      OFFICE (GENERAL) • 9,250 SF
      235 Ligustrum Dr, San Antonio, TX 78228-4020
      View Details
    • Value Estimation
      $7,340,000
      73,790 SF

      4241 Woodcock Dr

      OFFICE (GENERAL) • 73,790 SF
      4241 Woodcock Dr, San Antonio, TX 78228-1328
      View Details
    • Value Estimation
      $3,520,000
      31,430 SF

      4415 Piedras Dr

      OFFICE (GENERAL) • 31,430 SF
      4415 Piedras Dr, San Antonio, TX 78228-1216
      View Details
    • Value Estimation
      $3,815,000
      36,400 SF

      4406 Piedras Dr

      OFFICE (GENERAL) • 36,400 SF
      4406 Piedras Dr, San Antonio, TX 78228-1207
      View Details
    • 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
    • Value Estimation
      $3,185,000
      28,512 SF

      5805 Callaghan Rd

      OFFICE (GENERAL) • 28,512 SF
      5805 Callaghan Rd, San Antonio, TX 78228-1128
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,800 SF

      Office/Warehouse with Fenced Yard

      4,800 SF office/warehouse on 0.51 acres with fenced yard.
      2200 Cincinnati Ave, San Antonio, TX 78228
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      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.
      3570-3580 Culebra Rd, San Antonio, TX 78228
      View Details
    • $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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    • Contact for pricing
      14,698 SF

      Renovated Office Building Near Medical

      Extensively renovated office building in high-growth Northwest San Antonio.
      4410 Piedras Dr W, San Antonio, TX 78228
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      49,881 SF

      Renovated Office Space Available

      Recently renovated office space with easy highway access.
      4318 Woodcock Dr, San Antonio, TX 78228
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Two-Story Office Property For Rent

      Two-story office property near San Antonio International Airport.
      4242 Woodcock Dr, San Antonio, TX 78228
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Well-maintained, recently renovated office property with on-site management.
      5805 Callaghan Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 4242 E Piedras Dr, TX.
      4242 E Piedras Dr, San Antonio, TX 78228
      View Details
    • Contact for pricing

      Two-Story Office Property For Rent

      Two-story office property in an 11-building office park.
      4243 E Piedras Dr, San Antonio, TX 78228
      View Details
    • Contact for pricing
      2,057 SF

      San Antonio Office Space Available

      Office space for rent in San Antonio, Texas, 710 square feet.
      4242 Woodcock Dr, San Antonio, TX 78228
      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
    View Listing
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    San Antonio, TX 78228
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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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