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    Property profile & analytics

    Ctr Park Blvd San Antonio, TX 78218

    • Hotels
    • 31,788 SF
    • 2.21 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2022
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1366910
    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

    • Hotels

    Property Details for Ctr Park Blvd

    Year built
    1981
    Lot size
    2.21 lot acres
    Property size
    31,788 SF
    Property type
    Hotels
    APN
    16817-001-0290
    APU
    168170010290

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,019,000
      Market price range: $389k - $1.35M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4008
    Latitude
    29.4886
    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
    $106,374
    $829,400
    $3,804,670
    $4,634,070
    -
    $829,400
    $3,804,670
    $4,634,070

    Comparable in this City

    • Value Estimation by Request
      46,000 SF

      5522 Panam Expy

      Motels • 46,000 SF
      5522 Panam Expy, San Antonio, TX 78218
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    • Value Estimation
      $830,000
      46,554 SF

      6900 Interstate 35

      HOTEL • 46,554 SF
      6900 Interstate 35, San Antonio, TX 78218-4461
      View Details
    • Value Estimation
      $620,000
      9,920 SF

      5522 Interstate 35

      HOTEL • 9,920 SF
      5522 Interstate 35, San Antonio, TX 78218-5112
      View Details
    • Value Estimation
      $765,000
      51,280 SF

      6718 Interstate 35

      HOTEL • 51,280 SF
      6718 Interstate 35, San Antonio, TX 78218-3868
      View Details
    • Value Estimation
      $930,000
      40,800 SF

      4621 Rittiman Rd

      HOTEL • 40,800 SF
      4621 Rittiman Rd, San Antonio, TX 78218-4629
      View Details
    • Value Estimation
      $885,000
      56,061 SF

      6350 Interstate 35

      HOTEL • 56,061 SF
      6350 Interstate 35, San Antonio, TX 78218-4403
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      176,000 SF

      San Antonio Industrial Portfolio

      176,000 SF Value-Add Opportunity
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      View Details
    • $360,000

      San Antonio Land For Sale

      Land available in San Antonio, Texas for $360,000.
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    • Contact for pricing

      Move-In Special Office Space

      Approximately 1050 sq ft office space available for sale.
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    • $130,000

      San Antonio Land For Sale

      Land available in San Antonio, Texas.
      5311 Woodbrook, San Antonio, TX 78218
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    • $235,000

      San Antonio Land For Sale

      Land available in San Antonio, Texas for $235,000.
      7223 Geranium Path, San Antonio, TX 78218
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    • $260,000

      San Antonio Land for Sale

      Land available in San Antonio, Texas for $260,000.
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    Similar Nearby for Lease

    • Contact for pricing
      68,527 SF

      Prime San Antonio Retail Space

      A-Class Retail, Multiple Units Available
      1919 Oakwell Farms Pkwy, San Antonio, TX 78218
      View Details
    • $25 SF/Yr
      11,500 SF

      Retail Space at Walzem & Parkcrest

      Retail space available for lease at a prominent corner location.
      5007 Parkcrest Dr, Windcrest, TX 78218
      View Details
    • Contact for pricing
      78,750 SF

      Industrial Space with Trailer Storage

      78,750 SF industrial space with ample trailer storage.
      5400-5620 Rittiman Plz, San Antonio, TX 78218
      View Details
    • Contact for pricing
      27,000 SF

      Industrial Space with Outside Storage

      Lease space with loading docks and outside storage available.
      610 Lanark Dr, San Antonio, TX 78218
      View Details
    • Contact for pricing
      21,825 SF

      Retail Space on Walzem Road

      Retail property available for rent on Walzem Road.
      5516-5536 Walzem Rd, San Antonio, TX 78218
      View Details
    • Contact for pricing
      11,881 SF

      Modern Office Space Available

      Modern office spaces with state-of-the-art facilities for rent.
      7503 Harlow Dr, San Antonio, TX 78218
      View Details
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    Ctr Park Blvd
    San Antonio, TX 78218
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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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