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    Property profile & analytics

    6938 Walzem Rd San Antonio, TX 78239

    • Grocery and convenience stores
    • 41,554 SF
    • 7.14 lot acres
    For Sale
    View listing
    Last Sale
    Mar 15, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9641647
    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

    • VA Northeast Outpatient Clinic / Medical Clinic
    • Veterans Administration Northeast Outpatient Clinic / Medical Clinic

    Property Details for 6938 Walzem Rd

    Year built
    2015
    Lot size
    7.14 lot acres
    Property size
    41,554 SF
    Property type
    Grocery and convenience stores
    APN
    15894-018-0080
    APU
    158940180080

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,270,000
      6.5%
      $8,560,000
      7%
      $7,945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,542,000
      Market price range: $2.05M - $7.57M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,725,000
      Current use
      RESTAURANT
      $5,620,000
      Change: +19% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,940,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.3507
    Latitude
    29.4977
    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
    $181,120
    $2,097,730
    $5,710,590
    $7,808,320
    -
    $2,097,730
    $5,710,590
    $7,808,320

    Comparable in this City

    • Value Estimation by Request
      1,645 SF

      6104 Montgomery Dr

      CONVENIENCE STORE • 1,645 SF
      6104 Montgomery Dr, Windcrest, TX 78239-3235
      View Details
    • Value Estimation by Request
      2,600 SF

      6720 Montgomery Dr

      CONVENIENCE STORE • 2,600 SF
      6720 Montgomery Dr, San Antonio, TX 78239-3245
      View Details
    • Value Estimation by Request
      2,400 SF

      6403 Walzem Rd

      CONVENIENCE STORE • 2,400 SF
      6403 Walzem Rd, San Antonio, TX 78239-3531
      View Details
    • Value Estimation
      $540,000
      4,488 SF

      7285 Crestway Rd

      CONVENIENCE STORE • 4,488 SF
      7285 Crestway Rd, San Antonio, TX 78239-2375
      View Details
    • Value Estimation by Request
      3,048 SF

      5100 Crestway Rd

      CONVENIENCE STORE • 3,048 SF
      5100 Crestway Rd, Windcrest, TX 78239-1978
      View Details
    • Value Estimation by Request
      3,840 SF

      7196 Crestway Rd

      CONVENIENCE STORE • 3,840 SF
      7196 Crestway Rd, San Antonio, TX 78239-3011
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available Near Major Highways

      Three adjacent properties for sale or lease near San Antonio.
      7411 Glen Mont Dr, San Antonio, TX 78239
      View Details
    • Contact for pricing

      Commercial Land on Walzem Road

      Commercial land suitable for various retail and service businesses.
      6938 Walzem Rd, San Antonio, TX 78239
      View Details
    • New
      $454,900
      Pending

      San Antonio Duplex For Sale

      Move-in ready duplex in North-East San Antonio with tenant.
      7226 John Palmer Dr, San Antonio, TX 78239
      View Details
    • $480,000
      Pending

      San Antonio Multifamily Investment Opportunity

      Four-unit multifamily property with recent improvements in a developing sub-market.
      7527 Oak Chase, San Antonio, TX 78239
      View Details
    • $480,000
      Pending

      San Antonio Fourplex: Income Property

      Cash-flowing fourplex with immediate rental income in San Antonio.
      7568 Windsor Oaks, San Antonio, TX 78239
      View Details
    • $859,900
      5,000 SF

      New Fourplex Investment Opportunity

      New fourplex in sought-after area, producing income for investors.
      7210 John Palmer Dr, San Antonio, TX 78239
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,087 SF

      Retail Space with Freeway Visibility

      Retail space available with high visibility and signage opportunities.
      4951 Windsor Cross, San Antonio, TX 78239
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space with Freeway Visibility

      Retail space for rent with high visibility and signage.
      4938 Windsor Hl, Windcrest, TX 78239
      View Details
    • Contact for pricing

      4951 Windsor Hill, San Antonio, TX 78239

      Shopping centers
      4951 Windsor Hl, San Antonio, TX 78239
      View Details
    • Contact for pricing
      6,428 SF

      Retail Space with High Visibility

      High-traffic retail center with excellent I-35 visibility.
      8480-8680 Fourwinds Dr, San Antonio, TX 78239
      View Details
    • Contact for pricing

      Restaurant Space with Patio Seating

      Turnkey restaurant space with outdoor seating in a prime location.
      11220 Huebner Rd, San Antonio, TX 78239
      View Details
    • Contact for pricing

      Windcrest Commercial Property For Lease

      Versatile commercial property in a dynamic, accessible Windcrest location.
      8209 Roughrider Dr, Windcrest, TX 78239
      View Details
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    6938 Walzem Rd
    San Antonio, TX 78239
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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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