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    Property profile & analytics

    8507 Mccullough Ave San Antonio, TX 78216

    • Strip malls
    • 52,207 SF
    • 4.05 lot acres
    For Lease
    View listing
    Value Estimations
    $910,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3910839
    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

    • North Star Antiques & Interiors​​ / Antique Store
    • HASfit Personal Trainer San Antonio / Physical Fitness Program / Weight Loss Service
    • HASfit Boxing Boot Camp San Antonio / Physical Fitness Program
    • Flourish In Life Chiropractic / Chiropractor
    • Ed Salmeron - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency

    Property Details for 8507 Mccullough Ave

    Year built
    1980
    Lot size
    4.05 lot acres
    Property size
    52,207 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    12025-000-0900
    APU
    120250000900

    Description

    North Star Square offers exceptional retail opportunities in a high-traffic San Antonio location. This neighborhood retail center boasts 21,556 total square feet, with 19,185 square feet currently vacant. Multiple spaces are available, ranging from a minimum of 880 square feet to a maximum contiguous space of 4,780 square feet, providing flexibility for various business needs. The center's strategic location, just two blocks from Loop 410 and conveniently close to Highway 281, ensures excellent accessibility and visibility. Its prime position directly across the street from North Star Mall, a leading San Antonio shopping destination, further enhances its appeal and potential for attracting a substantial customer base. The densely populated surrounding area guarantees a strong pool of potential customers. This property presents a unique chance to establish or expand a business within a thriving retail environment, benefiting from the synergy and foot traffic generated by the nearby major shopping center and its convenient access to major roadways. The available spaces are ideal for a variety of retail concepts seeking a high-visibility location in a bustling commercial area. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,205,000
      Market price range: $716k - $3.11M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4927
    Latitude
    29.5161
    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
    $121,660
    $5,120,860
    $179,140
    $5,300,000
    -
    $5,120,860
    $179,140
    $5,300,000

    Comparable in this City

    • Value Estimation
      $745,000
      31,519 SF

      7227 Blanco Rd

      SHOPPING CENTER, STRIP CENTER • 31,519 SF
      7227 Blanco Rd, San Antonio, TX 78216
      View Details
    • Value Estimation
      $715,000
      35,605 SF

      5525 Blanco Rd

      SHOPPING CENTER, STRIP CENTER • 35,605 SF
      5525 Blanco Rd, San Antonio, TX 78216-6679
      View Details
    • Value Estimation
      $560,000
      12,100 SF

      7107 Blanco Rd

      SHOPPING CENTER, STRIP CENTER • 12,100 SF
      7107 Blanco Rd, San Antonio, TX 78216-5022
      View Details
    • Value Estimation by Request
      8,621 SF

      13111 San Pedro Ave

      SHOPPING CENTER, STRIP CENTER • 8,621 SF
      13111 San Pedro Ave, San Antonio, TX 78216-2022
      View Details
    • Value Estimation
      $1,055,000
      47,498 SF

      7325 San Pedro Ave

      SHOPPING CENTER, STRIP CENTER • 47,498 SF
      7325 San Pedro Ave, San Antonio, TX 78216-6225
      View Details
    • Value Estimation
      $1,590,000
      52,596 SF

      827 Rector St

      SHOPPING CENTER, STRIP CENTER • 52,596 SF
      827 Rector St, San Antonio, TX 78216-5903
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space on San Pedro

      1800 SF retail space on busy San Pedro Avenue.
      6646 San Pedro Ave, San Antonio, TX 78216
      View Details
    • Contact for pricing
      9,960 SF

      San Antonio Retail/Warehouse Flex Space

      9,960 SF retail/warehouse flex space near San Antonio Airport.
      10288 San Pedro Ave, San Antonio, TX 78216
      View Details
    • Contact for pricing
      15,189 SF

      San Antonio Retail Investment Opportunity

      Single tenant net lease with corporate guarantee and strong operator.
      22811 Us Highway 281 S, San Antonio, TX 78216
      View Details
    • Contact for pricing

      Corner Lot Flex Building

      Corner lot building with office/retail and warehouse space.
      12153 Valliant 1-3, San Antonio, TX 78216
      View Details
    • $1,703,000

      Retail Property for Sale

      Retail property available for purchase in San Antonio, Texas.
      226 W Rector St, San Antonio, TX 78216
      View Details
    • $395,000
      0.61 Acres

      Prime San Antonio Commercial Land

      0.61 Acres, Zoned CD, $395,000
      159 El Mio Dr, San Antonio, TX 78216
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      2,515 SF

      Retail Space at Blanco Junction

      47,144 SF shopping center at a well-known intersection.
      6983 Blanco Rd, San Antonio, TX 78216
      View Details
    • Contact for pricing
      30,804 SF

      Northview Concourse Retail Center

      San Antonio Retail Space Available
      7105 San Pedro Ave, San Antonio, TX 78216
      View Details
    • Contact for pricing
      8,400 SF

      Retail Space Near San Antonio Airport

      Move-in ready retail spaces available near Highway 281.
      15026-15068 San Pedro Ave, San Antonio, TX 78216
      View Details
    • Contact for pricing
      1,495 SF

      Retail Space in High-Income Area

      Neighborhood shopping center in high-income area with retail and restaurant.
      300 W Bitters Rd, San Antonio, TX 78216
      View Details
    • Contact for pricing
      1,520 SF

      Westover Marketplace Retail Space

      Class A power center with available shop space.
      119 Loop 410 SW, San Antonio, TX 78216
      View Details
    • $23 SF/Yr
      31,000 SF

      Retail Space on Blanco Road

      47,144 SF shopping center at a well-known intersection.
      6901 Blanco Rd, San Antonio, TX 78216
      View Details
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    San Antonio, TX 78216
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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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