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    6501 Bandera Rd Leon Valley, TX 78238-1434

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    6501 Bandera Rd Leon Valley, TX 78238-1434

    View on Map
    • Strip malls
    • 32,844 SF
    • 3.38 lot acres
    Off-Market
    Last Sale Jun 1, 2023
    Property ID
    US82-3308888
    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
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 6501 Bandera Rd

    Year built
    1978
    Lot size
    3.38 lot acres
    Property size
    32,844 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    09925-107-0092
    APU
    99251070092

    Description

    Seneca Plaza, located at 6501 Bandera Rd in Leon Valley, Texas, presents a compelling value-add investment opportunity. This 32,844 square foot shopping center comprises 21 units and sits on a 3.38-acre lot. Built in 1978, the property benefits from a highly visible location at a signalized intersection, boasting impressive frontages of approximately 406 linear feet on Bandera Road and 289 linear feet on Seneca Drive. The center enjoys a strategic position with exceptional visibility and accessibility, experiencing a significant daily traffic volume exceeding 54,000 vehicles. The property is zoned B-2, providing flexibility for a variety of retail uses. Ample parking is available for tenants and customers. This well-located retail center offers significant potential for value enhancement and strong returns for the discerning investor. The property's size, location, and zoning make it an attractive proposition for those seeking a retail investment in the growing Leon Valley market within Bexar County, Texas, zip code 78238.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $975,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $924,000
      Market price range: $924k - $1.68M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,075,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,520,000
      Change: +41% Conversion: Difficult
      RETAIL STORES
      $1,435,000
      Change: +33% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,405,000
      Change: +30% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Leon Valley
    County
    Bexar
    State
    Texas
    Longitude
    -98.6132
    Latitude
    29.4921
    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
    $51,516
    $1,283,870
    $1,492,150
    $2,776,020
    -
    $1,283,870
    $1,492,150
    $2,776,020

    Comparable in this City

    • Value Estimation
      $785,000
      22,743 SF

      6420 Loop 410

      SHOPPING CENTER, STRIP CENTER • 22,743 SF
      6420 Loop 410, San Antonio, TX 78238-4206
      View Details
    • Value Estimation by Request
      7,000 SF

      5953 Loop 410

      SHOPPING CENTER, STRIP CENTER • 7,000 SF
      5953 Loop 410, San Antonio, TX 78238
      View Details
    • Value Estimation
      $910,000
      39,616 SF

      5720 Bandera Rd

      SHOPPING CENTER, STRIP CENTER • 39,616 SF
      5720 Bandera Rd, Leon Valley, TX 78238-1985
      View Details
    • Value Estimation by Request
      10,034 SF

      7706 Bandera Rd

      SHOPPING CENTER, STRIP CENTER • 10,034 SF
      7706 Bandera Rd, San Antonio, TX 78238-1472
      View Details
    • Value Estimation
      $630,000
      19,200 SF

      7015 Bandera Rd

      SHOPPING CENTER, STRIP CENTER • 19,200 SF
      7015 Bandera Rd, Leon Valley, TX 78238-1101
      View Details
    • Value Estimation by Request
      15,000 SF

      5514 Evers Rd

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      5514 Evers Rd, San Antonio, TX 78238-1804
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ingram Park Mall Retail Space

      80,640 SF department store space in Ingram Park Mall.
      6301 Loop 410 NW, San Antonio, TX 78238
      View Details
    • $3,595,000
      32,300 SF

      San Antonio Redevelopment Opportunity

      Retail property with redevelopment potential in a high-traffic location.
      6501-6565 Bandera Rd, San Antonio, TX 78238
      View Details
    • Contact for pricing
      80,640 SF

      Ingram Park Mall Retail Space

      Enclosed super-regional shopping center near Sea World.
      6301 Loop St Northwest, San Antonio, TX 78238
      View Details
    • Contact for pricing
      55,623 SF

      Neighborhood Retail Center Near Loop

      Retail center with diverse tenants near Ingram Park Mall.
      3235 Wurzbach Rd, San Antonio, TX 78238
      View Details
    • $3,500,000
      1.37 Acres

      Turnkey Car Wash with Retail

      Express car wash with retail income on high-traffic Bandera Rd.
      6780 Bandera Rd, Leon Valley, TX 78238
      View Details
    • $3,500,000
      2,400 SF

      High-Visibility Car Wash For Sale

      Express car wash with retail space on a busy corridor.
      6780 Bandera Rd, San Antonio, TX 78238
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,531 SF

      Retail Space on Loop 410

      Shopping center with high visibility and access on Loop 410.
      5755 Loop 410 NW, San Antonio, TX 78238
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Mixed-use retail and office space in booming San Antonio.
      6802 Huebner Rd, San Antonio, TX 78238
      View Details
    • Contact for pricing
      1,125 SF

      Retail Space on Loop 410

      Shopping center space for lease with high visibility.
      5706 Loop 410 NW, San Antonio, TX 78238
      View Details
    • Contact for pricing
      20,000 SF

      Retail and Office Space Available

      Mixed-use retail and office space in northwest San Antonio.
      6802-6820 Huebner Rd, San Antonio, TX 78238
      View Details
    • $18 SF/Yr
      4,910 SF

      Retail Space Near Ingram Mall

      Neighborhood center with strong visibility near Loop 410.
      3331-3333 Wurzbach Rd, San Antonio, TX 78238
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space Near Ingram Mall

      Retail space available in a high-traffic peripheral shopping center.
      5841 Loop 410 NW, San Antonio, TX 78238
      View Details
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    Leon Valley, TX 78238-1434
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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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