Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,665,000
Garden apartment buildings
1202 Evans Rd San Antonio, TX 78258-6959
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-4273744
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2009
Total area
62,436 SF
Lot
22 ac (958,320 SF)
APN
19219-030-0020
UPID
US82-4273744
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
-
Real Estate Boomers Real Estate Agency
-
Mission Hills Apartment Complex Apartment Building
-
STAT MEDICAL TRAINING High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.11M
Blend (final)
Blend
$5.67M
Owner & transaction history
Mission Hills Apartments Holdings L · 3 yrs held
Mission Hills Apartments Holdings L
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.4M
+84.6%
Restaurant
$6.3M
+57.7%
Commercial (general)
$5.8M
+45.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,020,000
Current use
AUTO REPAIR, GARAGE
$7,420,000
Change: +85% · Conversion: Difficult
RESTAURANT
$6,340,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,830,000
Change: +45% · Conversion: Moderate
MEDICAL BUILDING
$4,325,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$4,140,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,680,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$5.67M
Range $5.10M – $6.23M · ±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
$91 / 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
$1,187,334
Tax year 2023
Assessed value
$51,725,000
Assessed 2023
Previous assessed
$51,725,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$4,446,610
Assessed improvement
$47,278,390
Land market value
$4,446,610
Improvement market value
$47,278,390
Total market value
$51,725,000
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
2009
Heating
CENTRAL
Cooling
YES
Buildings
6
Stories
1
Total area
62,436 SF
Lot
22 ac (958,320 SF)
APN
19219-030-0020
UPID
US82-4273744
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
$4.0M
AUTO REPAIR, GARAGE
Est. value
$7.4M
RESTAURANT
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE 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
2009
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
6
Lot
22 ac
Current owner
From public records · entity-resolved
Mission Hills Apartments Holdings L
Entity
Mailing address
1100 QUAIL ST STE #200, NEWPORT BEACH, CA 92660-2781
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
—
Mission Hills Apartments Holdings L
Mission Hills Owners LLC
Warranty Deed
$20,900,000 · Northmarq Capital Finance LLC
Jan 17, 2020
—
Mission Hills Owners LLC
Regency Mission Hills LLC
Warranty Deed
$31,000,000 · Bds III Mortgage Capital J LLC
Mar 22, 2013
—
Regency Mission Hills LLC
Allegiance Stone Oak LP
Grant Deed
—
—
—
Regency Mission Hills LLC
—
Deed Of Trust
related
$18,555,000 · Capital One
—
—
Regency Mission Hills LLC
—
Loan Modification
related
—
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?”
You own 1202 Evans Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
