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    938 Wurzbach Pkwy San Antonio, TX 78213
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    Property profile & analytics

    938 Wurzbach Pkwy, San Antonio, TX 78213

    View on Map
    • Strip malls
    • 12,000 SF
    • 1.46 lot acres
    For Lease
    $635,000
    View Listing →
    Office Space Sublease Available For Lease
    $635,000
    2,500 SF

    Office Space Sublease Available

    Office space for sublease, built in 2015, 2,500 SF.

    938 Wurzbach Pkwy, San Antonio, TX
    View Listing
    Property ID
    US82-9233594
    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

    • Strip malls

    Property Details for 938 Wurzbach Pkwy

    Year built
    2015
    Lot size
    1.46 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    16161-001-0050
    APU
    161610010050

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 26, 2019 — Blair Investments Blanco Of Wurzbach Ltd Grant Deed · related —
    — — Blanco Of Wurzbach Ltd — Loan Modification · related $2.6M · Independent Bk
    — — Blanco Of Wurzbach Ltd — Loan Modification · related $2.8M · Independent Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $595,000
      Current use
      COMMERCIAL (GENERAL)
      $995,000
      Change: +68% Conversion: Easy
      MEDICAL BUILDING
      $990,000
      Change: +67% Conversion: Difficult
      OFFICE BUILDING
      $795,000
      Change: +34% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $775,000
      Change: +30% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.519
    Latitude
    29.5573
    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
    $129,159
    $1,748,580
    $3,878,090
    $5,626,670
    -
    $1,748,580
    $3,878,090
    $5,626,670

    Comparable in this City

    • Value Estimation
      $585,000
      15,131 SF

      12730 Military Hwy

      SHOPPING CENTER, STRIP CENTER
      12730 Military Hwy, San Antonio, TX 78231-1881
      View Details
    • Value Estimation
      $590,000
      15,174 SF

      14439 Military Hwy

      SHOPPING CENTER, STRIP CENTER
      14439 Military Hwy, Shavano Park, TX 78231-1646
      View Details
    • Value Estimation
      $730,000
      23,800 SF

      2313 Military Hwy

      SHOPPING CENTER, STRIP CENTER
      2313 Military Hwy, San Antonio, TX 78231-2532
      View Details
    • Value Estimation
      $1,670,000
      87,600 SF

      2357 Military Hwy

      SHOPPING CENTER, STRIP CENTER
      2357 Military Hwy, San Antonio, TX 78231-2502
      View Details
    • Value Estimation
      $760,000
      13,125 SF

      14510 Military Hwy

      SHOPPING CENTER, STRIP CENTER
      14510 Military Hwy, Shavano Park, TX 78231-1620
      View Details
    • Value Estimation by Request
      9,920 SF

      13133 Military Hwy

      SHOPPING CENTER, STRIP CENTER
      13133 Military Hwy, San Antonio, TX 78231-1813
      View Details

    Similar Nearby for Sale

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      Office space for rent in a premier location.
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      Residential Land in Huntington, San Antonio

      Cleared, flat lot in Huntington with desirable rear orientation.
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    • $899,000
      1.01 Acres

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      Cleared, flat lot in Huntington with great soils and privacy.
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    Similar Nearby for Lease

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      5,485 SF

      Retail Space in North Salado

      Retail spaces available in North Salado Village shopping center.
      2223 Lockhill Selma Rd, San Antonio, TX 78231
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      3,129 SF

      Mixed-Use Retail and Office Space

      Retail and office spaces in a mixed-use development.
      10003 NW Military Hwy, San Antonio, TX 78231
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      Retail and Medical Office Space

      Retail and medical office space in newer shopping center.
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      1,568 SF

      Retail Space in Renovated Center

      Retail space available in a recently renovated North Central San Antonio shopping center.
      2315 Lockhill Selma Rd, San Antonio, TX 78231
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    • Contact for pricing
      15,592 SF

      Retail Space in North Salado

      Retail spaces available in North Salado Village shopping center.
      2335-2395 NW Military Hwy, San Antonio, TX 78231
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    • Contact for pricing
      33,765 SF

      Move-in Ready Suites Available

      Suites prepared for immediate occupancy with ample parking.
      3603 Paesanos Pkwy San, San Antonio, TX 78231
      View Details
    View Listing
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    San Antonio, TX 78213
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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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