Sign Up Successful!
You now have access to more from Realmo!
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

    610 Lanark Dr San Antonio, TX 78218

    • Commercial real estate
    • 89,640 SF
    • 10.21 lot acres
    For Lease
    View listing
    Last Sale
    May 16, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3865925
    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

    • Thorne Electric / Electrical Service / General Contractor
    • Border Cash & Carry / Grocery & Convenience Store / Distribution Center
    • ABATIX / Building Supply / General Contractor
    • Texas Star Envelopes / Printing Service / (Bike/Boat/Book/etc) Store
    • Lube Squad of San Antonio / Auto Parts Store

    Property Details for 610 Lanark Dr

    Year built
    1975
    Lot size
    10.21 lot acres
    Property size
    89,640 SF
    Property type
    Commercial real estate
    APN
    13741-001-0050
    APU
    137410010050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,576,000
      Market price range: $1.41M - $10.9M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,385,000
      Current use
      AUTO REPAIR, GARAGE
      $9,300,000
      Change: +73% Conversion: Difficult
      RETAIL STORES
      $7,590,000
      Change: +41% Conversion: Easy
      MEDICAL BUILDING
      $7,415,000
      Change: +38% Conversion: Easy
      OFFICE BUILDING
      $5,945,000
      Change: +10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4014
    Latitude
    29.5007
    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
    $314,480
    $1,769,750
    $11,930,250
    $13,700,000
    -
    $1,769,750
    $11,930,250
    $13,700,000

    Comparable in this City

    • Value Estimation by Request
      2.15 Acres

      4803 Rittiman Rd

      Land • 2.15 Acres
      4803 Rittiman Rd, San Antonio, TX 78218
      View Details
    • Value Estimation by Request
      3.59 Acres

      Oakwell Farms Pkwy

      COMMERCIAL (GENERAL) • 3.59 Acres
      Oakwell Farms Pkwy, San Antonio, TX 78218
      View Details
    • Value Estimation by Request
      18.26 Acres

      7203 Woodlake Pkwy

      COMMERCIAL (GENERAL) • 18.26 Acres
      7203 Woodlake Pkwy, San Antonio, TX 78218-3756
      View Details
    • Value Estimation by Request
      4.00 Acres

      Ira Lee Rd

      COMMERCIAL (GENERAL) • 4.00 Acres
      Ira Lee Rd, San Antonio, TX 78218
      View Details
    • Value Estimation by Request
      2,106 SF

      7200 Woodlake Pkwy

      COMMERCIAL (GENERAL) • 2,106 SF
      7200 Woodlake Pkwy, San Antonio, TX 78218
      View Details
    • Value Estimation
      $6,135,000
      200,595 SF

      4965 Eisenhauer Rd

      COMMERCIAL (GENERAL) • 200,595 SF
      4965 Eisenhauer Rd, San Antonio, TX 78218-2201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.22 Acres

      Loop 410 Commercial Land

      4.22 Acres, High-Visibility Location
      2830 Loop 410, San Antonio, TX 78218
      View Details
    • $1,950,000
      6.20 Acres

      San Antonio Commercial Land - 6.2 Acres

      Prime Commercial Land, Seller Financing Available
      1328 Holbrook Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      2.15 Acres

      Prime San Antonio Commercial Land

      2.15 Acres, C-3 Zoning, High Visibility
      4803 Rittiman Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      2.49 Acres

      Prime San Antonio Commercial Land

      2.49 Acres, High-Visibility Location
      2306 Austin Hwy, San Antonio, TX 78218
      View Details
    • Contact for pricing

      San Antonio Land Opportunity

      Developer opportunity for retail or mixed-use development in San Antonio.
      4130 Aina Ln, San Antonio, TX 78218
      View Details
    • Contact for pricing
      3,105 SF

      Pizza Hut Sale Leaseback Opportunity

      Freestanding Pizza Hut with new 15-year lease in San Antonio.
      6380 Rittiman Rd, San Antonio, TX 78218
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,500 SF

      San Antonio Industrial Warehouse Space

      14,662 SF Warehouse, Excellent Location
      4615 Greatland Dr, San Antonio, TX 78218
      View Details
    • Contact for pricing
      13,750 SF

      Office/Warehouse Flex Property For Rent

      Office/warehouse flex property with convenient access to Loop 410 and IH-35.
      5008-5128 Service Center Dr, San Antonio, TX 78218
      View Details
    • Contact for pricing
      2,838 SF

      Retail Space in Strong Corridor

      Retail space with high visibility and strong tenant mix.
      5253-5299 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      22,232 SF

      Industrial Space with Dock Doors

      22,232 SF industrial space featuring 13 dock doors.
      4516-4520 Tejasco, San Antonio, TX 78218
      View Details
    • Contact for pricing
      48,933 SF

      Warehouse Space with IH-35 Access

      48,933 SF warehouse with frontage and highway access.
      5105 Eisenhauer Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing

      Prime Pad Site for Lease

      0.546 AC pad site available for ground lease.
      4825 Walzem Rd, San Antonio, TX 78218
      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.
    610 Lanark Dr
    San Antonio, TX 78218
    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.