Add Listing
    For Sale
    • 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

    6423 Melissa Ann St San Antonio, TX 78249

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multifamily property featuring modern design, terraces/patios, and dog park.

    Lot size:
    1.16 Acres

    Property Features for 6423 Melissa Ann St

    General Information

    Lot size
    1.16 Acres

    Building Details

    Year built
    2020

    We can help!

    Listing Contact
    Source: Elliman

    Listing Agency: Champion Realty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Modern Multifamily Property with Amenities

    This multifamily property features modern design units, each with either a front-facing terrace or a rear private covered patio. A dog park is located on site. The property is situated in a neighborhood with a village-like atmosphere. It is located a short drive from UTSA, La Cantera Shopping Center, and Six Flags.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Villas at Melissa Ann Apartment Complex

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.6136371
    Latitude
    29.5487859

    Nearby Similar for Sale

    • $300,000
      3,422 SF

      San Antonio Retail Opportunity

      Retail property for sale in San Antonio, Texas.
      1802 Cincinnati Ave, San Antonio, TX 78201
      View Details
    • $340,000
      2,080 SF

      San Antonio Multi-Family Property

      Multi-family property for sale in San Antonio, Texas.
      12227 Maverick Bluff St, San Antonio, TX 78247
      View Details
    • $1,995,000
      1.38 Acres

      Established Car Wash and Lube

      Full-service car wash and lube business on high-traffic Culebra Road.
      7225 Culebra Rd, San Antonio, TX 78251
      View Details
    • $2,599,000
      11,200 SF

      San Antonio Commercial Building For Sale

      Commercial building with owner financing available in San Antonio, TX.
      1964 South Alamo St, San Antonio, TX 78204
      View Details
    • $1,200,000
      2,640 SF

      San Antonio Commercial Car Wash

      Car wash ready for new owner or redevelopment opportunity.
      7850 Callaghan Rd, San Antonio, TX 78229
      View Details
    • $250,000
      1,440 SF

      San Antonio Retail Opportunity

      Retail property for sale in San Antonio, Texas.
      3201 S Laredo St, San Antonio, TX 78207
      View Details
    • $450,000
      3,540 SF

      San Antonio Fourplex For Sale

      Fully occupied, renovated fourplex near Monticello Park, San Antonio.
      100 Senisa Dr, San Antonio, TX 78228
      View Details
    • $325,000
      1,823 SF

      San Antonio Duplex with Yard

      Duplex with leases in place, convenient location, large yards.
      14426 Watermill, San Antonio, TX 78217
      View Details
    • New
      $300,000
      2,116 SF

      San Antonio Duplex Investment Opportunity

      Well-designed duplex with fireplaces, strong rental appeal, and income potential.
      6307 Waddesdon Wood, San Antonio, TX 78233
      View Details
    • $340,000
      1,500 SF

      Updated Duplex in San Antonio

      Turnkey duplex investment opportunity near downtown San Antonio.
      139 Hansford St, San Antonio, TX 78210
      View Details
    • $309,999
      2,781 SF

      San Antonio Multifamily Investment Opportunity

      Multifamily property in San Antonio, TX with tenant leases.
      7643 Oak Chase, San Antonio, TX 78239
      View Details
    • $390,000
      2,644 SF

      San Antonio Fourplex Investment Opportunity

      Fourplex near downtown San Antonio with income potential.
      120 W Highland, San Antonio, TX 78210
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property featuring modern design, terraces/patios, and dog park.
    Where is this apartment building located?
    The property is located at 6423 Melissa Ann St San Antonio, TX.
    What are key features of this property?
    This property features: - Modern design units with either a **front-facing terrace or a rear private covered patio.**; - Built in 2020.; - On-site dog park.
    (210) 416-5400
    Request Owner's contact information
    6423 Melissa Ann St San Antonio, TX 78249
    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.
    6423 Melissa Ann St
    San Antonio, TX 78249
    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
    6423 Melissa Ann St San Antonio, TX 78249
    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

    We can help!
    Listing Contact
    (210) 416-5400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!