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Property profile & analytics
FOR LEASE
Office Spaces
11711 Interstate 35 San Antonio, TX 78233
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2427034
For Lease
1 / 9
$5,245,000
11711 Interstate 35, San Antonio, TX 78233
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Total area
186,337 SF
Lot
22.33 ac (972,695 SF)
APN
15724-000-0181
UPID
US82-2427034
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.25M
Owner & transaction history
Texas Transportation Comn · 5 yrs held
Texas Transportation Comn
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$28 / 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
$321,366
Tax year 2023
Assessed value
$14,000,000
Assessed 2023
Previous assessed
$14,000,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$7,664,840
Assessed improvement
$6,335,160
Land market value
$7,664,840
Improvement market value
$6,335,160
Total market value
$14,000,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1994
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Total area
186,337 SF
Lot
22.33 ac (972,695 SF)
APN
15724-000-0181
UPID
US82-2427034
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
Building & site characteristics
From public records
Year built
1994
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
22.33 ac
Current owner
From public records · entity-resolved
Texas Transportation Comn
Individual
Mailing address
4723 COTTON BELT DR, SAN ANTONIO, TX 78219-2853
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
$425,000
Texas Transportation Comn
Re 11711 Business Center LLC
Grant Deed
—
Feb 13, 2014
—
Re 11711 Business Center INC
John J Rockey
Special Warranty Deed
$10,350,000 · Texas Capital Bank NA
Dec 1, 2008
—
John J Rockey
—
Deed Of Trust
related
$4,000,000 · Wachovia Bank NA
May 31, 2006
—
John J Rockey
—
Deed Of Trust
related
$1,026,000 · Wachovia Bank NA
Apr 6, 2006
—
John J Rockey
Tx Sw#1 LP
Venders Lien
$6,040,000 · Wachovia Bank NA
Jul 20, 2004
—
1 Tx-sw
Property Acquisition Trust 1
Grant Deed
$24,640,000 · Southwest Bank Of Texas
—
—
John Rockey
—
Deed Of Trust
related
$1,000,000 · Wachovia Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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