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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
High-rise multifamily apartments
111 Probandt San Antonio, TX 78204-1986
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9433478
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2015
Total area
4,950 SF
Lot
2.29 ac (99,927 SF)
APN
02569-000-0311
UPID
US82-9433478
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
by Request
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$745k
Owner & transaction history
Ascentris Of Tw Southtown LLC · 6 yrs held
Ascentris Of Tw Southtown LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$905,000
+77.2%
Commercial (general)
$655,000
+28.8%
Auto repair, garage
$590,000
+15.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$845,000
6.5%
$780,000
7%
$720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$510,000
Current use
RETAIL STORES
$905,000
Change: +77% · Conversion: Difficult
COMMERCIAL (GENERAL)
$655,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$590,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$151 / 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
$1,165,381
Tax year 2023
Assessed value
$46,750,000
Assessed 2023
Previous assessed
$46,750,000
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$2,600,090
Assessed improvement
$44,149,910
Land market value
$2,600,090
Improvement market value
$44,149,910
Total market value
$46,750,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2015
Heating
CENTRAL
Cooling
YES
Buildings
26
Stories
1
Total area
4,950 SF
Lot
2.29 ac (99,927 SF)
APN
02569-000-0311
UPID
US82-9433478
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
$510,000
RETAIL STORES
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$590,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2015
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
26
Lot
2.29 ac
Current owner
From public records · entity-resolved
Ascentris Of Tw Southtown LLC
Entity
Free & Clear · 6 yrs held
Mailing address
8226 DOUGLAS AVE STE #455, DALLAS, TX 75225-5902
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2020
—
Ascentris Of Tw Southtown LLC
—
Deed
related
—
Feb 26, 2020
—
Ascentris Of Tw Southtown LLC
—
Deed
related
$23,325,000 · Pnc Bk
Dec 3, 2018
—
Ascentris Of Tw Southtown LLC
—
Deed
related
$23,325 · Pnc Bk
—
—
Ascentris Of Tw Southtown LLC
—
Loan Modification
related
$23,325 · Pnc Bk
—
—
Ascentris Of Tw Southtown LLC
—
Loan Modification
related
—
—
—
Ascentris Of Tw Southtown LLC
—
Loan Modification
related
$23,325,000 · Pnc Bk
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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