Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4893 Fm 1516th N Converse, TX 78109-3496

    • Office properties & Spaces
    • 12,800 SF
    • 4.93 lot acres
    OFF-MARKET
    Last Sale
    Jan 26, 2022
    Value Estimations
    $1,240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4726718
    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

    • Office properties & Spaces

    Property Details for 4893 Fm 1516th N

    Year built
    2003
    Lot size
    4.93 lot acres
    Property size
    12,800 SF
    Property type
    Office properties & Spaces
    APN
    05065-202-0060
    APU
    50652020060

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,222,000
      Market price range: $645k - $2.53M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,480,000
      Current use
      RESTAURANT
      $1,665,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Converse
    County
    Bexar
    State
    Texas
    Longitude
    -98.3141
    Latitude
    29.4739
    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
    $29,567
    $740,590
    $908,730
    $1,649,320
    -
    $740,590
    $908,730
    $1,649,320

    Comparable in this City

    • Value Estimation by Request
      1,488 SF

      9316 I-10 Frontage Rd

      Coworking space • 1,488 SF
      9316 I-10 Frontage Rd, Converse, TX 78109
      View Details
    • Value Estimation
      $2,135,000
      21,465 SF

      9006 Fm 1976

      OFFICE (GENERAL) • 21,465 SF
      9006 Fm 1976, Converse, TX 78109-2217
      View Details
    • Value Estimation by Request
      800 SF

      9142 Fm 78

      OFFICE (GENERAL) • 800 SF
      9142 Fm 78, Converse, TX 78109-2013
      View Details
    • Value Estimation
      $560,000
      3,720 SF

      5390 Freudenburg Rd

      OFFICE (GENERAL) • 3,720 SF
      5390 Freudenburg Rd, Converse, TX 78109-3029
      View Details
    • Value Estimation
      $1,050,000
      6,510 SF

      4216 Graytown Rd

      OFFICE (GENERAL) • 6,510 SF
      4216 Graytown Rd, Converse, TX 78109-3482
      View Details
    • Value Estimation
      $1,010,000
      7,380 SF

      13750 Interstate 10th E

      OFFICE (GENERAL) • 7,380 SF
      13750 Interstate 10th E, Converse, TX 78109-3077
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Property in Converse, TX

      Two buildings with offices, warehouses, and garages on 0.5691 acres.
      101-103 Gibbs Sprawl Rd, Converse, TX 78109
      View Details
    • Contact for pricing
      8,000 SF

      Converse Commercial Property For Sale

      8,000 SF commercial property in Converse, TX. Investment opportunity.
      9202 Converse Business Ln, Converse, TX 78109
      View Details
    • Contact for pricing

      Loop 1604 Retail Opportunity

      Retail and office space available along Loop 1604.
      3065 E Loop 1604 N, Converse, TX 78109
      View Details
    • $749,000
      4,785 SF

      Warehouse and Office For Sale

      Warehouse and office property with redevelopment potential in Converse, TX.
      8597 Brucks Dr, Converse, TX 78109
      View Details
    • $499,000
      2,449 SF

      Converse Office Building - Prime Location

      Updated Office Building, High Traffic Area, Ample Parking
      301 Seguin Rd, Converse, TX 78109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,950 SF

      Converse Crossing Medical Office

      Prime Medical Office Space Available
      8159 Kitty Hawk Rd, Converse, TX 78109
      View Details
    • $2,700 /Mo

      Highly Visible Corner Lot Retail

      Conveniently located strip center with office spaces and kitchenette.
      105 S Seguin Rd, Converse, TX 78109
      View Details
    • $1,405 /Mo

      Highly Visible Corner Lot Retail

      Conveniently located strip center with private office spaces.
      105 S Seguin Rd, Converse, TX 78109
      View Details
    • Contact for pricing
      1,488 SF

      Prime Converse Commercial Space

      Renovated 1,488 SF building, great location.
      9316 I-10 Frontage Rd, Converse, TX 78109
      View Details
    • $1,405 /Mo

      Highly Visible Corner Lot Retail

      Conveniently located strip center with flexible office and retail space.
      105 S Seguin Rd, Converse, TX 78109
      View Details
    • Contact for pricing

      Converse Warehouse Space Available

      Warehouse and industrial property available for rent in Converse, Texas.
      9826 Green Rd, Converse, TX 78109
      View Details
    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.
    4893 Fm 1516th N
    Converse, TX 78109-3496
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!