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    8419 Wilma Jean Dr San Antonio, TX 78224
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    Property profile & analytics

    8419 Wilma Jean Dr San Antonio, TX 78224

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    • Commercial real estate
    Off-Market
    Property ID
    US83-3071924
    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 8419 Wilma Jean Dr

    Property type
    Commercial real estate

    Description

    This exceptional .215-acre residential lot presents a unique investment opportunity in San Antonio, Texas. Located at 8419 Wilma Jean Dr, in the rapidly developing south side of the city, this property is zoned R-4, offering considerable flexibility for development. The lot provides a blank slate for building a new home or undertaking other residential construction projects. Buyers are encouraged to perform their own due diligence regarding utility costs associated with the property. A key advantage is the availability of flexible financing options through owner financing, making this an attractive proposition for those seeking an accessible entry point into the San Antonio real estate market. The property's location within Bexar County, zip code 78224, places it within a dynamic and expanding area of San Antonio, promising significant potential for future appreciation. Seize this chance to build your dream home or capitalize on the growth of San Antonio's south side. This is a prime opportunity for those with a vision for the future of this thriving community. The property is conveniently located in San Antonio, TX.

    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
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.52804214079
    Latitude
    29.340938247514

    Comparable in this City

    • $255,000
      1,725 SF

      San Antonio Duplex Investment Opportunity

      Well-maintained duplex near universities, ideal for investors or owner-occupants.
      8814 Wilma Jean Dr, San Antonio, TX 78224
      View Details
    • $700,000
      Pending

      Prime Location Land in San Antonio

      Corner lots with high traffic, fantastic commercial potential.
      10359/10405 Poteet Jourdanton Fwy, San Antonio, TX 78224
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    • $42,507
      0.22 Acres

      Residential Lot in San Antonio

      Prime lot ready for your dream home in San Antonio.
      8530 Wilma Jean Dr, San Antonio, TX 78224
      View Details
    • $900,000
      2.00 Acres

      San Antonio Commercial Land Opportunity

      Two acres of commercial/residential land near Toyota and Texas A&M.
      12810 S Zarzamora St, San Antonio, TX 78224
      View Details
    • $480,000
      2.00 Acres

      Prime Tract on State Highway

      2-acre commercial land with highway frontage in San Antonio, TX.
      12748 S State Highway 16, San Antonio, TX 78224
      View Details
    • New
      $129,900
      Pending

      San Antonio Vacant Land Opportunity

      Prime land for residential development or investment in San Antonio.
      1555 W Villaret Blvd, San Antonio, TX 78224
      View Details

    Similar Nearby for Sale

    • $255,000
      1,725 SF

      San Antonio Duplex Investment Opportunity

      Well-maintained duplex near universities, ideal for investors or owner-occupants.
      8814 Wilma Jean Dr, San Antonio, TX 78224
      View Details
    • $700,000
      Pending

      Prime Location Land in San Antonio

      Corner lots with high traffic, fantastic commercial potential.
      10359/10405 Poteet Jourdanton Fwy, San Antonio, TX 78224
      View Details
    • $42,507
      0.22 Acres

      Residential Lot in San Antonio

      Prime lot ready for your dream home in San Antonio.
      8530 Wilma Jean Dr, San Antonio, TX 78224
      View Details
    • $900,000
      2.00 Acres

      San Antonio Commercial Land Opportunity

      Two acres of commercial/residential land near Toyota and Texas A&M.
      12810 S Zarzamora St, San Antonio, TX 78224
      View Details
    • $480,000
      2.00 Acres

      Prime Tract on State Highway

      2-acre commercial land with highway frontage in San Antonio, TX.
      12748 S State Highway 16, San Antonio, TX 78224
      View Details
    • New
      $129,900
      Pending

      San Antonio Vacant Land Opportunity

      Prime land for residential development or investment in San Antonio.
      1555 W Villaret Blvd, San Antonio, TX 78224
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease

      Land available for lease on SE Military Drive.
      2326 SE Military Dr, San Antonio, TX 78224
      View Details
    • Contact for pricing

      Commercial Land in South San Antonio

      Land in regional retail corridor servicing South San Antonio.
      2703 SE Military Dr, San Antonio, TX 78224
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    • Contact for pricing
      3,500 SF

      Retail Space in South San Antonio

      H-E-B anchored retail center with high visibility.
      SW Military Dr, San Antonio, TX 78224
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    • Contact for pricing
      1,600 SF

      Retail Space in Strip Center

      Retail space available in a strip center with freeway visibility.
      1007 Poteet Jourdanton Fwy, San Antonio, TX 78224
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    • Contact for pricing
      39,180 SF

      Retail Space Near South Park

      Burlington-anchored shopping center in southwest San Antonio available for rent.
      2902 SW Military Dr, San Antonio, TX 78224
      View Details
    • Contact for pricing
      2,940 SF

      Retail Space in High-Traffic Area

      Retail space with prominent signage and easy highway access.
      6986-6998 S Zarzamora St, San Antonio, TX 78224
      View Details
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    San Antonio, TX 78224
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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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