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    Property profile & analytics

    950 S General Mcmullen Dr San Antonio, TX 78237

    • Strip malls
    • 10,500 SF
    • 0.65 lot acres
    For Lease
    View listing
    Value Estimations
    $550,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1238529
    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

    • Boost Mobile / Cell Phone Store
    • Humana Neighborhood Center / Wellness Center
    • My Eyelab / Optometrist / Contact Lenses Supplier
    • stantonoptical / Eye Care Center / Contact Lenses Supplier

    Property Details for 950 S General Mcmullen Dr

    Year built
    2016
    Lot size
    0.65 lot acres
    Property size
    10,500 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    11250-000-0060
    APU
    112500000060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $550,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $770,000
      Current use
      MEDICAL BUILDING
      $870,000
      Change: +13% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $825,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $695,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.5553
    Latitude
    29.4166
    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
    $48,406
    $297,010
    $1,802,990
    $2,100,000
    -
    $297,010
    $1,802,990
    $2,100,000

    Comparable in this City

    • Value Estimation
      $475,000
      5,560 SF

      1319 Castroville Rd

      SHOPPING CENTER, STRIP CENTER • 5,560 SF
      1319 Castroville Rd, San Antonio, TX 78237-2924
      View Details
    • Value Estimation
      $405,000
      4,778 SF

      727 Historic Old Hwy 90

      SHOPPING CENTER, STRIP CENTER • 4,778 SF
      727 Historic Old Hwy 90, San Antonio, TX 78237-2309
      View Details
    • Value Estimation
      $485,000
      11,976 SF

      810 General Mcmullen Dr

      SHOPPING CENTER, STRIP CENTER • 11,976 SF
      810 General Mcmullen Dr, San Antonio, TX 78237-3162
      View Details
    • Value Estimation
      $495,000
      8,140 SF

      915 General Mcmullen Dr

      SHOPPING CENTER, STRIP CENTER • 8,140 SF
      915 General Mcmullen Dr, San Antonio, TX 78237-3139
      View Details
    • Value Estimation
      $380,000
      3,744 SF

      959 34th St

      SHOPPING CENTER, STRIP CENTER • 3,744 SF
      959 34th St, San Antonio, TX 78237-3536
      View Details
    • Value Estimation
      $375,000
      7,866 SF

      414 General Mcmullen Dr

      SHOPPING CENTER, STRIP CENTER • 7,866 SF
      414 General Mcmullen Dr, San Antonio, TX 78237-1570
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in San Antonio

      Retail space with bath and parking in San Antonio.
      6353 W Commerce 105, San Antonio, TX 78237
      View Details
    • $399,999
      3,600 SF

      West Commerce St Retail Gem

      3,600 SF Vacant Retail Space, San Antonio
      4814 Commerce St, San Antonio, TX 78237
      View Details
    • $1,998,000

      Retail Property on General McMullen

      Retail property for sale on South General McMullen Drive.
      1334 S General Mcmullen Dr, San Antonio, TX 78237
      View Details
    • $265,000
      2,206 SF

      Prime San Antonio Restaurant Space

      Turnkey Restaurant, High Visibility, $265,000
      607 Enrique M. Barrera Pkwy, San Antonio, TX 78237
      View Details
    • $995,000
      1,251 SF

      Prime San Antonio QSR Opportunity

      Profitable Fast Food Location, 1251 SF
      1611 General Mcmullen Dr, San Antonio, TX 78237
      View Details
    • $650,000

      Retail Property on Historic Highway

      Retail property with high traffic count on Historic Old Hwy.
      539 Historic Old Hwy, San Antonio, TX 78237
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,960 SF

      Retail Space in Las Palmas Center

      Retail space for lease in a neighborhood shopping center.
      803 Castroville Rd, San Antonio, TX 78237
      View Details
    • Contact for pricing
      5,800 SF

      Retail Space in Las Palmas Center

      Retail space available within a grocery-anchored shopping center.
      950 S General Mcmullen Dr, San Antonio, TX 78237
      View Details
    • $20 SF/Yr
      17,850 SF

      Crosstowne Mercado Retail Space

      San Antonio retail center, high traffic.
      4703 Commerce St, San Antonio, TX 78237
      View Details
    • $19 SF/Yr
      2,500 SF

      Retail Space with Pylon Signage

      Retail space with high visibility and ample parking available for rent.
      4403 W Commerce St, San Antonio, TX 78237
      View Details
    • $62 SF/Yr
      1,253 SF

      Prime San Antonio QSR Site

      Former Sonic Drive-In, 1253 sq ft, 0.54 acres
      1611 General Mcmullen Dr, San Antonio, TX 78237
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space on Commerce Street

      Retail space available for lease in San Antonio, Texas.
      4622 W Commerce St, San Antonio, TX 78237
      View Details
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    San Antonio, TX 78237
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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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