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    5703 Loop 1604 Elmendorf, TX 78112

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    5703 Loop 1604 Elmendorf, TX 78112

    View on Map
    • Commercial real estate
    • 3.15 lot acres
    Off-Market
    Property ID
    US82-2688745
    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

    • Commercial real estate

    Property Details for 5703 Loop 1604

    Lot size
    3.15 lot acres
    Property type
    Commercial real estate
    APN
    04010-000-0371

    Description

    This exceptional 3.15-acre commercial and industrial lot presents a remarkable investment opportunity in Elmendorf, Texas. Strategically located at 5703 S Loop 1604 E, this property boasts significant frontage—approximately 464 linear feet on Loop 1604 and 206 linear feet on Priest Road, ensuring high visibility and accessibility. The property is zoned OCL (Outside City Limits), offering flexibility for a wide range of commercial and industrial uses. The lot includes a 924 square foot manufactured home. Its convenient location provides easy access to US Highway 37 and Highway 181, further enhancing its appeal. With high traffic counts and a prime location on Loop 1604 and Priest Road, this property is ideal for businesses seeking a high-profile location. The asking price is $925,000. The Bexar County APN is 04010-000-0371. This is a rare opportunity to acquire a sizable, well-situated lot ready for immediate development. Additional 2.68 acres of adjacent land are also available for sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmendorf
    County
    Bexar
    State
    Texas
    Longitude
    -97.9157099
    Latitude
    28.6747526

    Comparable in this City

    • $1,495,000
      617,985 SF

      Commercial Property on S Loop 1604

      Multi-use commercial property with warehouse and office space.
      8635 S Loop 1604 E, Elmendorf, TX 78112
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    • $90,000
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      Elmendorf Build-Ready Lot Available

      Buildable lot in growing area with minimal limitations.
      22839 Black Cherry, Elmendorf, TX 78112
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      Elmendorf Land with Utilities

      0.287 acres in Elmendorf, TX with electric and plumbing.
      231 E 4Th St, Elmendorf, TX 78112
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    • Contact for pricing
      10,000 SF

      Elmendorf Medical/Industrial Opportunity Zone Property

      10,000 SF building on 7 acres with expansion potential.
      7704 S Loop 1604 E, Elmendorf, TX 78112
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      Industrial Park Land Available

      Industrial park land for sale in San Antonio's South Submarket.
      20727 Petroleum Cmn, Elmendorf, TX 78112
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    • $704,000
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      Prime Land Available for Sale

      Large commercial land tract available for purchase.
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    Similar Nearby for Sale

    • $1,495,000
      617,985 SF

      Commercial Property on S Loop 1604

      Multi-use commercial property with warehouse and office space.
      8635 S Loop 1604 E, Elmendorf, TX 78112
      View Details
    • $90,000
      0.41 Acres

      Elmendorf Build-Ready Lot Available

      Buildable lot in growing area with minimal limitations.
      22839 Black Cherry, Elmendorf, TX 78112
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    • $72,500
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      Elmendorf Land with Utilities

      0.287 acres in Elmendorf, TX with electric and plumbing.
      231 E 4Th St, Elmendorf, TX 78112
      View Details
    • $480,000
      10.00 Acres

      Unrestricted Land in Growing Elmendorf

      10 unrestricted acres in fast-growing Elmendorf, South Bexar County.
      17791 Shady Falls Rd, Elmendorf, TX 78112
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    • $56,900
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      Ready-to-Build Corner Lot in Elmendorf

      Cleared 0.175-acre corner lot, build-ready in Elmendorf, Texas.
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    • $85,000
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      Residential Lot with Mature Trees

      Half-acre residential lot with mature trees, seller finance available.
      22815 Grand Spg, Elmendorf, TX 78112
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Pad Site on I-37

      Pad site available for lease on Interstate 37.
      14728 I-37, Elmendorf, TX 78112
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    • $0.55 SF/Yr

      Elmendorf Land Along Highway 37

      Cleared, vacant land for lease with highway access and visibility.
      4440 S Loop 1604 E, Elmendorf, TX 78112
      View Details
    • $16 SF/Yr
      1,700 SF

      Elmendorf Retail Space Available

      Retail space available for lease in Elmendorf, Texas.
      3712 New Mathis Rd, Elmendorf, TX 78112
      View Details
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    Elmendorf, TX 78112
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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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