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    8759 Grissom Rd San Antonio, TX 78251-4818
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    Property profile & analytics

    8759 Grissom Rd, San Antonio, TX 78251-4818

    View on Map
    • Retail space
    • 43,657 SF
    • 2.93 lot acres
    Off-Market
    Property ID
    US82-1482562
    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
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • iglesia / Church
    • Birria La Baka / Restaurant
    • Abundant Life Church of God / Church / Mosque
    • Rhea Lana's of Northwest San Antonio / Clothing Store

    Property Details for 8759 Grissom Rd

    Year built
    1982
    Lot size
    2.93 lot acres
    Property type
    Retail space
    APN
    18773-074-0040
    APU
    187730740040

    Description

    This exceptional 43,623 square foot mixed-use property, located at 8759 Grissom Rd, San Antonio, Texas 78251, presents a compelling value-add investment opportunity. The Class C building, constructed in 1982 and renovated 15 years ago, sits on a highly trafficked location within close proximity to major roadways including 1604, Hwy 151, 410, and Bandera/Hwy 16. Benefitting from multiple access points and high visibility, the property boasts a strategic position along Grissom Rd (20,000 vehicles per day) and Culebra Rd. Currently housing a diverse tenant mix including Dollar General, CVS Pharmacy, Family Dollar, AutoZone, Tractor Supply, Firestone, Food Lion, and Goodwill, along with office spaces and a parish, the property offers significant upside potential. A resale shop also leases space twice annually. The building features two loading docks with two dock-high doors, accommodating 18-wheelers, and a 25-foot ceiling height. Ample parking is available in front of the building. The property is zoned C-3 and comprises one building with a total of 43,623 square feet. The asking price is $3,250,000. This property's prime location, strong tenant base, and substantial square footage make it an ideal investment for those seeking a high-return, mixed-use asset in a rapidly growing area of San Antonio. The former location of a major grocery store further highlights the property's potential for future development and expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,494,000
      Market price range: $1.49M - $5.94M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.6569
    Latitude
    29.4804
    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
    $0.00
    $1,120,600
    $2,254,080
    $3,374,680
    -
    $1,120,600
    $2,254,080
    $3,374,680

    Comparable in this City

    • Value Estimation by Request
      6,702 SF

      9416 Culebra Rd

      RETAIL STORES (PERSONAL SERVICES)
      9416 Culebra Rd, San Antonio, TX 78251-3501
      View Details
    • Value Estimation by Request
      1,200 SF

      7627 Culebra Rd Ste, Unit 109

      RETAIL STORES (PERSONAL SERVICES)
      7627 Culebra Rd Ste, San Antonio, TX 78251-1410
      View Details
    • Value Estimation by Request
      1,602 SF

      7627 Culebra Rd Ste, Unit 112

      RETAIL STORES (PERSONAL SERVICES)
      7627 Culebra Rd Ste, San Antonio, TX 78251-1410
      View Details
    • Value Estimation by Request
      640 SF

      9139 Grissom Rd

      RETAIL STORES (PERSONAL SERVICES)
      9139 Grissom Rd, San Antonio, TX 78251-2803
      View Details
    • Value Estimation
      $2,370,000
      23,080 SF

      10422 Potranco Rd

      RETAIL STORES (PERSONAL SERVICES)
      10422 Potranco Rd, San Antonio, TX 78251-3362
      View Details
    • Value Estimation
      $540,000
      11,646 SF

      9122 Grissom Rd

      RETAIL STORES (PERSONAL SERVICES)
      9122 Grissom Rd, San Antonio, TX 78251-2802
      View Details

    Similar Nearby for Sale

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      Established Car Wash and Lube

      Full-service car wash and lube business on high-traffic road.
      7225 Culebra Rd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      2,000 SF

      Extensively Renovated Car Wash Facility

      High-visibility car wash with upgrades and strong local demand.
      8050 Culebra Rd, San Antonio, TX 78251
      View Details
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      San Antonio QSR For Sale

      720 SF QSR with drive-thru, excellent visibility.
      8403 Culebra Rd, San Antonio, TX 78251
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    Similar Nearby for Lease

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      1,500 SF

      Retail Space in Growing Area

      1,500 SF retail space in Northwest San Antonio.
      10650 Culebra Rd, San Antonio, TX 78251
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      2,648 SF

      Retail Space on Culebra Road

      Retail spaces available along a primary retail thoroughfare.
      8333-8373 Culebra Rd, San Antonio, TX 78251
      View Details
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      49,092 SF

      Retail Space on Culebra Road

      Retail spaces available on a primary retail thoroughfare.
      8323 Culebra Rd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      14,832 SF

      High-Visibility Retail Space Available

      Retail space with drive-thru capability at signalized intersection.
      8650 Potranco Rd, San Antonio, TX 78251
      View Details
    • Contact for pricing
      1,188 SF

      Retail Space Near Baptist Hospital

      New retail development near Sea World and Baptist Hospital.
      1322 Texas 1604 Loop, San Antonio, TX 78251
      View Details
    • Contact for pricing
      14,832 SF

      High-Visibility Retail End Cap

      Retail space with drive-thru, prime location, easy access.
      8732 Potranco Rd, San Antonio, TX 78251
      View Details
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    San Antonio, TX 78251-4818
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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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