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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7215 Loop 1604th N Converse, TX 78109-3295

    • Retail space
    • 14,000 SF
    • 2.09 lot acres
    OFF-MARKET
    Last Sale
    Jul 10, 2025
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7407886
    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

    • Retail space

    Property Details for 7215 Loop 1604th N

    Year built
    2019
    Lot size
    2.09 lot acres
    Property size
    14,000 SF
    Property type
    Retail space
    APN
    05069-106-0510
    APU
    50691060510

    Description

    This exceptional Class A shopping center, Autumn Heights, presents a compelling investment opportunity in Converse, Texas. Boasting 13,949 square feet on a 2.09-acre lot, this 2020-built property enjoys a prime location on the highly trafficked Loop 1604, benefiting from excellent visibility and accessibility. Currently 100% occupied by nine tenants with strong co-tenancy, the center offers a stable, diversified income stream with a 6.75% cap rate and a Net Operating Income (NOI) of $365,441. The asking price is $5,413,940, translating to $388.12 per square foot. Strategically staggered lease expirations ensure consistent rent growth and sustained occupancy. Located in one of San Antonio's fastest-growing suburbs, Autumn Heights benefits from significant population growth—Converse has seen a 75% increase in population over the past six years—and a rising median household income. Further fueling this growth are 12 new subdivisions planned or under construction in the immediate area, promising at least 3,000 new single-family homes. The center features convenient access to an adjacent neighborhood market and benefits from its main entrance directly on Loop 1604. This property offers a rare combination of strong current performance and significant future growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $655,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,038,000
      Market price range: $648k - $1.84M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,070,000
      Current use
      MEDICAL BUILDING
      $1,175,000
      Change: +10% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,095,000
      Change: +3% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,070,000
      Change: -0% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $895,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Converse
    County
    Bexar
    State
    Texas
    Longitude
    -98.2902
    Latitude
    29.4973
    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
    $48,386
    $332,300
    $1,867,700
    $2,200,000
    -
    $332,300
    $1,867,700
    $2,200,000

    Comparable in this City

    • Value Estimation
      $530,000
      9,082 SF

      8609 Fm 1976

      RETAIL STORES (PERSONAL SERVICES) • 9,082 SF
      8609 Fm 1976, Converse, TX 78109-2274
      View Details
    • Value Estimation
      $585,000
      5,532 SF

      205 Toepperwein Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,532 SF
      205 Toepperwein Rd, Converse, TX 78109
      View Details
    • Value Estimation by Request
      1,560 SF

      8024 Kitty Hawk Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,560 SF
      8024 Kitty Hawk Rd, Converse, TX 78109-2424
      View Details
    • Value Estimation by Request
      2,304 SF

      8590 Crestway Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,304 SF
      8590 Crestway Rd, Converse, TX 78109-3425
      View Details
    • Value Estimation by Request
      9,180 SF

      9153 Fm 78

      RETAIL STORES (PERSONAL SERVICES) • 9,180 SF
      9153 Fm 78, Converse, TX 78109-2012
      View Details
    • Value Estimation
      $1,120,000
      28,780 SF

      3535 Fm 1516th N

      RETAIL STORES (PERSONAL SERVICES) • 28,780 SF
      3535 Fm 1516th N, Converse, TX 78109-3514
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highly Visible Corner Lot Retail

      Conveniently located strip center with tenant signage available.
      105 S Seguin 103 & 104, Converse, TX 78109
      View Details
    • $1,500,000
      8,000 SF

      Converse Commercial Property For Sale

      8,000 SF commercial property in Converse, TX. Investment opportunity.
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      Highly Visible Corner Lot Retail

      Retail space near City Hall and Converse City Park.
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      1.00 Acre

      Prime San Antonio Commercial Land

      Retail & Office Pads, High-Growth Area
      0 Fm 1516 & Binz-Engleman Rd, Converse, TX 78109
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    • Contact for pricing

      Highly Visible Corner Lot Retail

      Retail space in a highly visible, conveniently located strip center.
      105 S Seguin 104, Converse, TX 78109
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    Similar Nearby for Lease

    • $1,405 /Mo
      1,278 SF

      Retail Space in Converse, TX

      Highly visible retail space near City Hall and Converse City Park.
      105 S Seguin Rd, Converse, TX 78109
      View Details
    • Contact for pricing
      3,319 SF

      Retail Space Available For Lease

      Retail space available for lease in Converse, Texas.
      9149 Fm 78, Converse, TX 78109
      View Details
    • $1,405 /Mo
      1,278 SF

      Retail Space in Converse, TX

      Highly visible retail space near City Hall and Converse City Park.
      105 S Seguin Rd, Converse, TX 78109
      View Details
    • $3,139 /Mo

      Retail Space in Converse, TX

      Shell condition retail space with tenant improvement allowance available.
      5733 Fm 1516 N, Converse, TX 78109
      View Details
    • $28 SF/Yr
      17,500 SF

      Punta Verde Plaza: Converse Retail Center

      Prime Converse retail & land opportunity.
      3065 Loop 1604, Converse, TX 78109
      View Details
    • Contact for pricing
      9,950 SF

      Converse Crossing Medical Office

      Prime Medical Office Space Available
      8159 Kitty Hawk Rd, Converse, TX 78109
      View Details
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    7215 Loop 1604th N
    Converse, TX 78109-3295
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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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