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    Property profile & analytics

    4940 Broadway St San Antonio, TX 78209

    • Office Properties & Spaces
    • 26,322 SF
    • 1.02 lot acres
    For Lease
    View listing
    Value Estimations
    $1,140,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2161827
    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 4940 Broadway St

    Year built
    1930
    Lot size
    1.02 lot acres
    Property size
    26,322 SF
    Property type
    Office Properties & Spaces
    APN
    04050-012-0030
    APU
    40500120030

    Description

    This exceptional office building, located at 4940 Broadway in Alamo Heights, Texas, offers a unique opportunity for businesses seeking flexible and prestigious office space. The property, known as the Broadway Theater Building, boasts a total of 23,220 square feet and is comprised of two suites. The building offers a range of options, with a minimum divisible space of 189 square feet and a maximum contiguous space of 644 square feet currently available. This presents an ideal solution for businesses of various sizes, from small startups to established firms requiring expansion space. The building's prime location in the heart of Alamo Heights provides unparalleled convenience, with easy access to downtown San Antonio, midtown, and Highway 281. The surrounding area is rich with amenities, including popular restaurants such as Cappy's and Cappyccino's, upscale grocery store Central Market, and beloved local bakeries like La Madeleine and Broadway Daily Bread. The building's address is 4940 Broadway, Alamo Heights, TX 78209, situated near the intersection of Broadway and Elizabeth Streets in Bexar County. This property is categorized as both Executive and Traditional Office space, making it suitable for a wide variety of professional uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $885,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,395,000
      Market price range: $1.12M - $3.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamo Heights
    County
    Bexar
    State
    Texas
    Longitude
    -98.4623
    Latitude
    29.4719
    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
    $56,810
    $2,240,870
    $837,740
    $3,078,610
    -
    $2,240,870
    $837,740
    $3,078,610

    Comparable in this City

    • Value Estimation by Request
      68,412 SF

      1550 Interstate 410 Loop

      Office Properties & Spaces • 68,412 SF
      1550 Interstate 410 Loop, San Antonio, TX 78209
      View Details
    • Value Estimation
      $580,000
      8,980 SF

      8103 Broadway

      OFFICE (GENERAL) • 8,980 SF
      8103 Broadway, San Antonio, TX 78209-1917
      View Details
    • Value Estimation
      $790,000
      13,600 SF

      4902 Broadway

      OFFICE (GENERAL) • 13,600 SF
      4902 Broadway, Alamo Heights, TX 78209-5706
      View Details
    • Value Estimation
      $2,690,000
      25,908 SF

      1027 Austin Hwy

      OFFICE (GENERAL) • 25,908 SF
      1027 Austin Hwy, San Antonio, TX 78209-4706
      View Details
    • Value Estimation
      $1,785,000
      10,424 SF

      140 Sunset Rd

      OFFICE (GENERAL) • 10,424 SF
      140 Sunset Rd, San Antonio, TX 78209-2633
      View Details
    • Value Estimation
      $5,695,000
      172,148 SF

      1250 Loop 410

      OFFICE (GENERAL) • 172,148 SF
      1250 Loop 410, San Antonio, TX 78209-1500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      6,533 SF

      Prime San Antonio Executive Office

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      Prime San Antonio Office Suite

      Exceptional office suite in a vibrant San Antonio location.
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      1,505 SF

      Class A Office Condo

      1,500 SF office condo near Alamo Heights.
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    • $215,000

      Land Available for Sale

      Land available for sale at 3103 EISENHAUER RD L21.
      3103 Eisenhauer Rd, San Antonio, TX 78209
      View Details
    • $2,650,000

      San Antonio Commercial Land Available

      Commercial land for sale in San Antonio, Texas.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,084 SF

      Prime Office Space, North Central San Antonio

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      View Details
    • Contact for pricing
      3,218 SF

      Alamo Heights Executive Office Suites

      Prime Alamo Heights location, 2 suites available.
      5600 Broadway St, Alamo Heights, TX 78209
      View Details
    • $17 SF/Yr
      68,412 SF

      Northwood Executive Office Suites

      Prime San Antonio Office Space, Multiple Suites Available
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      View Details
    • Contact for pricing
      254 SF

      Office Space Near Amenities

      Office space for rent with ample parking and after-hour access.
      4940 Broadway St, San Antonio, TX 78209
      View Details
    • Contact for pricing
      1,050 SF

      NW Loop 410 Office Space

      Office space with high visibility and Loop 410 frontage.
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      View Details
    • $15 SF/Yr
      8,169 SF

      Visible Warehouse with Secured Yard

      Warehouse with frontage, secured yard, and controlled access.
      2502 Harry Wurzbach Rd, San Antonio, TX 78209
      View Details
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    4940 Broadway St
    San Antonio, TX 78209
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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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