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    9765 Miramar Blvd Converse, TX 78109
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    Property profile & analytics

    9765 Miramar Blvd Converse, TX 78109

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    • Grocery and convenience stores
    • 3,744 SF
    • 1.38 lot acres
    For Lease
    $615,000
    View Listing →
    Retail Center on Miramar Boulevard For Lease
    $615,000
    4,394 SF

    Retail Center on Miramar Boulevard

    8,194 SF retail center under construction, delivery Q2 2026.

    9765 Miramar Blvd, Converse, TX
    View Listing
    Property ID
    US82-7197888
    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
    $615,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 9765 Miramar Blvd

    Year built
    2006
    Lot size
    1.38 lot acres
    Property size
    3,744 SF
    Property type
    Grocery and convenience stores
    APN
    05062-000-0100
    APU
    50620000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $900,000
      6.5%
      $830,000
      7%
      $770,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $577,000
      Market price range: $376k - $635k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $435,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Converse
    County
    Bexar
    State
    Texas
    Longitude
    -98.2945
    Latitude
    29.5218
    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
    $30,791
    $457,060
    $942,940
    $1,400,000
    -
    $457,060
    $942,940
    $1,400,000

    Comparable in this City

    • Value Estimation
      $910,000
      5,900 SF

      13176 Interstate 10th E

      CONVENIENCE STORE • 5,900 SF
      13176 Interstate 10th E, Converse, TX 78109-3155
      View Details
    • Value Estimation by Request
      2,217 SF

      9068 Fm 78

      CONVENIENCE STORE • 2,217 SF
      9068 Fm 78, Converse, TX 78109-1201
      View Details
    • Value Estimation by Request
      11,442 SF

      9175 Farm-To-Market Rd

      Restaurants • 11,442 SF
      9175 Farm-To-Market Rd, Converse, TX 78109
      View Details
    • Value Estimation by Request
      792 SF

      7891 Kitty Hawk Rd

      CONVENIENCE STORE • 792 SF
      7891 Kitty Hawk Rd, Converse, TX 78109
      View Details
    • Value Estimation by Request
      2,475 SF

      9084 Fm 78

      CONVENIENCE STORE • 2,475 SF
      9084 Fm 78, Converse, TX 78109-1201
      View Details
    • Value Estimation by Request
      5,722 SF

      8755 Interstate 10th E

      CONVENIENCE STORE • 5,722 SF
      8755 Interstate 10th E, Converse, TX 78109-5125
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Loop 1604 Retail Opportunity

      Retail and office space available along Loop 1604.
      3065 E Loop 1604 N, Converse, TX 78109
      View Details
    • Contact for pricing
      8,000 SF

      Converse Commercial Property For Sale

      8,000 SF commercial property in Converse, TX. Investment opportunity.
      9202 Converse Business Ln, Converse, TX 78109
      View Details
    • Contact for pricing
      10,600 SF

      Converse Industrial Space with IOS

      10,600 SF industrial space on 0.90 acres for sale.
      8514 Brucks Dr, Converse, TX 78109
      View Details
    • Contact for pricing

      Development Opportunity Near JBSA-Randolph

      Commercial land for development near FM 1976 and Toepperwein Road.
      1976 & Gibbs Sprawl Rd, Converse, TX 78109
      View Details
    • Contact for pricing

      Commercial Pads For Sale/Lease

      Developed commercial pads available in high-growth residential market.
      Fm 1516 & Binz-Engleman Rd, San Antonio, TX 78109
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      Commercial land for sale at a signalized intersection.
      1725 E Loop 1604 N, Converse, TX 78109
      View Details

    Similar Nearby for Lease

    • $1,405 /Mo
      1,278 SF

      Retail Space in Converse, TX

      Highly visible retail space near City Hall and Converse City Park.
      105 S Seguin Rd, Converse, TX 78109
      View Details
    • Contact for pricing
      1,648 SF

      Retail Space with Drive-Thru

      New retail center with drive-thru and patio space.
      8159 Kitty Hawk Rd, Converse, TX 78109
      View Details
    • Contact for pricing
      3,319 SF

      Retail Space Available For Lease

      Retail space available for lease in Converse, Texas.
      9149 Fm 78, Converse, TX 78109
      View Details
    View Listing
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    Converse, TX 78109
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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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    9765 Miramar Blvd, Converse, TX, 78109
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