Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    914 Elmira St San Antonio, TX 78212

    • Office Properties & Spaces
    • 15,772 SF
    • 0.47 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3831646
    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

    • The Scarlett Phoenix / Medical Clinic
    • Dr. Alexandra Runnels, MD / Physician
    • Vampire Procedures / Spa & Massage Center
    • The Growler Exchange Midtown / Bar & Pub
    • Gräs CBD Collective / (Bike/Boat/Book/etc) Store

    Property Details for 914 Elmira St

    Year built
    2017
    Lot size
    0.47 lot acres
    Property size
    15,772 SF
    Property type
    Office Properties & Spaces
    APN
    01002-008-0032
    APU
    10020080032

    Description

    Midtown Station, located at 914 E Elmira St, San Antonio, TX 78212, offers a unique opportunity for businesses seeking versatile space in a vibrant location. This Bexar County property boasts a total of 4,124 square feet, currently entirely vacant and available for lease. The building is classified as both retail and office space, specifically suitable for medical offices and general commercial use. Multiple tenancy options are available, with spaces ranging from a minimum of 1,413 square feet to a maximum contiguous space of 2,711 square feet. One space, ranging from 1,359 to 2,711 square feet, is immediately available. The property enjoys a highly desirable location, within walking distance of the Pearl District, the San Antonio Riverwalk, and the San Antonio Museum of Art. Second-floor spaces offer clear views of the downtown skyline. Its position on E. Elmira Street provides easy access to major thoroughfares, including N. St. Mary's Street, a key route to downtown, and is just blocks from the thriving Broadway corridor and north of I-35. This makes Midtown Station an ideal location for businesses seeking high visibility and convenient access to the city's cultural attractions and business districts. The property's versatility and prime location make it an exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,370,000
      6.5%
      $3,110,000
      7%
      $2,890,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,127,000
      Market price range: $1.13M - $3.56M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,265,000
      Current use
      RESTAURANT
      $2,300,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $2,110,000
      Change: -7% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,025,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4852
    Latitude
    29.4408
    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
    $77,277
    $1,046,940
    $2,792,690
    $3,839,630
    -
    $1,046,940
    $2,792,690
    $3,839,630

    Comparable in this City

    • Value Estimation by Request
      490 SF

      5402 San Pedro Ave

      OFFICE (GENERAL) • 490 SF
      5402 San Pedro Ave, San Antonio, TX 78212-1220
      View Details
    • Value Estimation
      $1,810,000
      9,170 SF

      1919 Saint Marys St

      OFFICE (GENERAL) • 9,170 SF
      1919 Saint Marys St, San Antonio, TX 78212-4543
      View Details
    • Value Estimation
      $8,700,000
      51,030 SF

      750 Mulberry Ave

      OFFICE (GENERAL) • 51,030 SF
      750 Mulberry Ave, San Antonio, TX 78212-3159
      View Details
    • Value Estimation
      $3,595,000
      34,438 SF

      1325 Flores St

      OFFICE (GENERAL) • 34,438 SF
      1325 Flores St, San Antonio, TX 78212-4900
      View Details
    • Value Estimation by Request
      1,478 SF

      1510 Camaron St

      Multifamily properties • 1,478 SF
      1510 Camaron St, San Antonio, TX 78212
      View Details
    • Value Estimation
      $990,000
      5,440 SF

      132 Grayson St

      OFFICE (GENERAL) • 5,440 SF
      132 Grayson St, San Antonio, TX 78212-4114
      View Details

    Similar Nearby for Sale

    • $1,800,000
      4,201 SF

      Colonial Style Office Building

      Two-story office building with a large parking lot.
      1800 Mccullough Ave, San Antonio, TX 78212
      View Details
    • Contact for pricing

      Well-Located Office Space For Sale

      Office space with skyline view near key San Antonio attractions.
      2602 N Main Ave, San Antonio, TX 78212
      View Details
    • Contact for pricing

      San Antonio Office Space Available

      Office space for lease in central San Antonio location.
      5917 San Pedro Ave, San Antonio, TX 78212
      View Details
    • Contact for pricing
      6,171 SF

      Historic San Antonio Property Opportunity

      Iconic property ready for boutique destination, culinary revival, or business.
      1919 San Pedro Ave, San Antonio, TX 78212
      View Details
    • $650,000

      Stand Alone Office Building

      Ideally located office building near downtown with easy highway access.
      924 Camaron St, San Antonio, TX 78212
      View Details
    • $625,000

      San Antonio Office Space Available

      Office space for sale in San Antonio, Texas.
      826 San Pedro Ave, San Antonio, TX 78212
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,784 SF

      Prime San Antonio Retail Space

      1,784 SF Retail/Office, High Visibility
      1406 Flores St, San Antonio, TX 78212
      View Details
    • Contact for pricing
      5,973 SF

      Office Space with Ample Parking

      Office space with high visibility and convenient highway access.
      1430 S Flores St, San Antonio, TX 78212
      View Details
    • $24 SF/Yr
      3,986 SF

      Office Space with Fitness Center

      Nine-story office building with fitness center and on-site management.
      745 E Mulberry Ave, San Antonio, TX 78212
      View Details
    • $700 /Mo
      109,050 SF

      Office Space Available For Lease

      Office building with 109050 square feet available for rent.
      3414 Loop St, San Antonio, TX 78212
      View Details
    • $41 SF/Yr
      1,173 SF

      Office Space in McCombs Plaza

      Office space available for sublease in San Antonio, Texas.
      755 E Mulberry Ave, San Antonio, TX 78212
      View Details
    • Contact for pricing
      4,124 SF

      Midtown Station: San Antonio Office Space

      Prime Medical/Commercial Space in San Antonio
      914 Elmira St, San Antonio, TX 78212
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    914 Elmira St
    San Antonio, TX 78212
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.