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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    451 Bandera Rd San Antonio, TX 78228

    • Strip malls
    • 16,000 SF
    • 0.80 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2681917
    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

    • Haumondrs Peyt Coetrql | Bayconps Heyghws / Garden
    • Total by Verizon / Cell Phone Store / Telecommunications Service Provider
    • World Finance / Loan Agency / Tax Preparation
    • Friends Hair Salon / Hair Salon / Beauty Salon

    Property Details for 451 Bandera Rd

    Year built
    1950
    Lot size
    0.80 lot acres
    Property size
    16,000 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    09201-001-0010
    APU
    92010010010

    Description

    This exceptional 18,500-square-foot shopping center is ideally situated in San Antonio, Texas, at the high-traffic intersection of Bandera Road and Cincinnati Avenue. The property boasts a 1.26-acre lot and is conveniently located less than a mile from a major HEB grocery store on Culebra Road, ensuring high visibility and customer accessibility. The center has recently undergone a complete remodel, presenting a modern and attractive space for prospective tenants. A key feature is a large end-cap space with abundant windows, perfectly suited for a restaurant or other business requiring significant street frontage. The property benefits from excellent traffic counts and is surrounded by a dense residential population, providing a strong customer base. This retail center presents a compelling investment opportunity in a thriving San Antonio location. The property's prime location and recent renovations make it an attractive option for businesses seeking high visibility and a strong customer base. The large end-cap space offers significant potential for a variety of retail uses. The property's size and location make it an ideal investment for those seeking a strong return on investment in a growing market. The address is 451 Bandera Rd, San Antonio, TX 78228, in Bexar County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $835,000
      Market price range: $835k - $1.58M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,085,000
      Current use
      OFFICE BUILDING
      $1,060,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.548
    Latitude
    29.4514
    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
    $19,818
    $310,630
    $1,020,460
    $1,331,090
    -
    $310,630
    $1,020,460
    $1,331,090

    Comparable in this City

    • Value Estimation
      $695,000
      10,533 SF

      4151 Callaghan Rd

      SHOPPING CENTER, STRIP CENTER • 10,533 SF
      4151 Callaghan Rd, San Antonio, TX 78228-3419
      View Details
    • Value Estimation
      $2,340,000
      76,618 SF

      1328 Callaghan Rd

      SHOPPING CENTER, STRIP CENTER • 76,618 SF
      1328 Callaghan Rd, San Antonio, TX 78228-4309
      View Details
    • Value Estimation by Request
      5,649 SF

      3006 Culebra Rd

      SHOPPING CENTER, STRIP CENTER • 5,649 SF
      3006 Culebra Rd, San Antonio, TX 78228-6105
      View Details
    • Value Estimation by Request
      2,666 SF

      2119 Culebra Rd

      SHOPPING CENTER, STRIP CENTER • 2,666 SF
      2119 Culebra Rd, San Antonio, TX 78228-6309
      View Details
    • Value Estimation
      $1,085,000
      27,402 SF

      3654 Culebra Rd

      SHOPPING CENTER, STRIP CENTER • 27,402 SF
      3654 Culebra Rd, San Antonio, TX 78228-5916
      View Details
    • Value Estimation by Request
      4,002 SF

      600 Bandera Rd

      SHOPPING CENTER, STRIP CENTER • 4,002 SF
      600 Bandera Rd, San Antonio, TX 78228-5237
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,500 SF

      Bandera Road Retail Center

      San Antonio Shopping Center - 18,500 SF
      451 Bandera Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing

      Retail Center with Great Lease

      Retail center with favorable lease rates, near Dollar General.
      1014 Donaldson 1014, San Antonio, TX 78228
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Retail/Office Space For Sale

      Conveniently located retail or office spaces with customization options.
      1569 Bandera Rd, San Antonio, TX 78228
      View Details
    • $300,000
      2,480 SF

      San Antonio Mixed-Use Investment Property

      Mixed-use property with retail and residential units in San Antonio.
      2148 Cincinnati Ave, San Antonio, TX 78228
      View Details
    • $950,000

      Commercial Building with Existing Income

      Income-producing commercial property with multiple business possibilities.
      2728 Culebra Rd, San Antonio, TX 78228
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,500 SF

      Retail Space in San Antonio

      Retail or office spaces available in a high-traffic location.
      1571-1589 Bandera Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing
      9,040 SF

      Retail Space in Established Center

      Neighborhood retail center space for lease near Walmart Supercenter.
      813-849 Bandera Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing
      3,999 SF

      Retail Space with Drive-Thru

      Retail space available with drive-thru in San Antonio, TX.
      1704 Bandera Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Walmart Anchored Center

      Retail space available in high-traffic Walmart-anchored shopping center.
      934 Bandera Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing
      1,080 SF

      Retail Space on Bandera Road

      1,080 SF in-line retail space available for lease.
      11650 Bandera Rd, San Antonio, TX 78228
      View Details
    • Contact for pricing
      3,040 SF

      Retail Space Available for Lease

      Retail space available for lease in San Antonio, Texas.
      1726 Bandera Rd, San Antonio, TX 78228
      View Details
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    451 Bandera Rd
    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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