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Property profile & analytics
OFF-MARKET
Estimated value
$1,745,000
Garden apartment buildings
11838 Parliament St, San Antonio, TX 78216-5452
Entity Owned
1-yr Hold
Free & Clear
Property ID
US83-3992773
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1982
Total area
84,323 SF
Lot
6.46 ac (281,615 SF)
APN
16249-006-0150
UPID
US83-3992773
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
Current use
Occupant on record · Public records
-
Couture Zone Clothing Store
-
Jovany’s mobile detailing Car Wash
-
The Carina Apartments Apartment Building Apartment Complex
-
Rjudonskinnybody Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$1.75M
Owner & transaction history
Spectrum Gulf Coast LLC · 1 yrs held
Spectrum Gulf Coast LLC
since 2024
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
Method
Estimation
Statistic approach
by Request
ML approach
$1,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±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
$21 / 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
$418,186
Tax year 2023
Assessed value
$18,650,000
Assessed 2024
Previous assessed
$18,650,000
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$1,472,850
Assessed improvement
$17,177,150
Land market value
$1,472,850
Improvement market value
$17,177,150
Total market value
$18,650,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1982
Heating
CENTRAL
Cooling
YES
Buildings
4
Stories
1
Total area
84,323 SF
Lot
6.46 ac (281,615 SF)
APN
16249-006-0150
UPID
US83-3992773
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
1982
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
6.46 ac
Current owner
From public records · entity-resolved
Spectrum Gulf Coast LLC
Entity
Free & Clear · 1 yrs held
Mailing address
520 W WILLOW ST LONG BEACH, BEACH
Ownership since
2024
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
Sep 18, 2024
—
Spectrum Gulf Coast LLC
Westland Sa 1 LLC
Agreement Of Sale
—
Oct 14, 2022
—
Westland Sa2 LLC
Pwpb Property LLC
Special Warranty Deed
$73,125,000 · Morgan Stanley Private Bank NA
May 14, 2021
—
Pwpb Property LLC
Park559 LLC
Special Warranty Deed
—
Aug 26, 2014
—
Park559 LLC
Sa Parliament Bend Ptrs LLC
Grant Deed
related
—
Aug 25, 2014
—
Park559 LLC
Sa Parliament Bend Ptrs LLC
Grant Deed
—
Nov 7, 2006
—
Sa Parliament Bend Ptrs LLC
Repfund Parliament Apartments
Grant Deed
$5,100,000 · Bank Of America
—
—
Repfund Parliament Apartments
—
Deed Of Trust
related
$780,000 · Wachovia Multifamily Capital
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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