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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Garden apartment buildings
503 Kings Hwy San Antonio, TX 78212-2882
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-9624535
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1927
Total area
6,900 SF
Lot
0.24 ac (10,324 SF)
APN
06434-012-0360
UPID
US82-9624535
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$758k
Blend (final)
Blend
$780k
Owner & transaction history
Leaf Development LLC · 2 yrs held
Leaf Development LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+72.6%
Commercial (general)
$990,000
+70.2%
Retail stores
$925,000
+58.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Antonio submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Antonio submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$585,000
Current use
RESTAURANT
$1,005,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$990,000
Change: +70% · Conversion: Moderate
RETAIL STORES
$925,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$885,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$785,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$590,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,928
Tax year 2023
Assessed value
$1,320,250
Assessed 2023
Previous assessed
$1,320,250
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$203,940
Assessed improvement
$1,116,310
Land market value
$203,940
Improvement market value
$1,116,310
Total market value
$1,320,250
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1927
Heating
YES
Cooling
NONE
Stories
1
Units
10
Total area
6,900 SF
Lot
0.24 ac (10,324 SF)
APN
06434-012-0360
UPID
US82-9624535
Jurisdiction
BEXAR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$585,000
RESTAURANT
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$990,000
RETAIL STORES
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$885,000
MEDICAL BUILDING
Est. value
$785,000
WAREHOUSE, STORAGE
Est. value
$590,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1927
Heating
YES
Cooling
Yes
Stories
1
Units
10
Lot
0.24 ac
Current owner
From public records · entity-resolved
Leaf Development LLC
Entity
Mailing address
21640 FRST WATERS CIR, GARDEN RIDGE, TX 78266-2771
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
—
Leaf Development LLC
Dig 503 W Kings LLC
Warranty Deed
—
May 16, 2019
—
Dig-503 W Kings LLC
Hudlight San Antonio LLC
Warranty Deed
related
—
Apr 1, 2008
—
Mulberry Terrace Partners Ltd
Ckrr Investments Ltd
Warranty Deed
$415,039 · Cba Com'l Assets Small Balance
Sep 13, 2006
—
Ckrr Investments Ltd
Breeden Ptshp Ltd
Grant Deed
—
—
—
Hudlight San Antonio LLC
—
Loan Modification
related
$1,100,000 · West Bay Cap
—
—
Hudlight San Antonio LLC
—
Deed Of Trust
related
$1,100,000 · West Bay Cap
—
—
Hudlight San Antonio LLC
—
Loan Modification
related
$1,100,000 · West Bay Cap
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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