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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Garden apartment buildings
1215 Castroville Rd, San Antonio, TX 78237-2900
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1460524
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Total area
4,680 SF
Lot
7.15 ac (311,454 SF)
APN
08133-000-0310
UPID
US82-1460524
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
-
Las Palmas Garden Apartments Apartment Building Apartment Complex
-
Elmo restaurant Restaurant
-
Las Palmas Gradens-PHCS- - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$620k
Owner & transaction history
Tx Laspalmas Gardens Hsng LP · 15 yrs held
Tx Laspalmas Gardens Hsng LP
since 2010
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$825,000
+124.7%
Retail stores
$745,000
+102.1%
Medical building
$385,000
+5.3%
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
$610,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$825,000
Change: +125% · Conversion: Difficult
RETAIL STORES
$745,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$385,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$132 / 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
$54,169
Tax year 2023
Assessed value
$4,700,000
Assessed 2023
Previous assessed
$4,700,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$647,370
Assessed improvement
$4,052,630
Land market value
$647,370
Improvement market value
$4,052,630
Total market value
$4,700,000
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
1964
Heating
CENTRAL
Cooling
YES
Buildings
15
Stories
1
Total area
4,680 SF
Lot
7.15 ac (311,454 SF)
APN
08133-000-0310
UPID
US82-1460524
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
AUTO REPAIR, GARAGE
Est. value
$825,000
RETAIL STORES
Est. value
$745,000
MEDICAL BUILDING
Est. value
$385,000
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1964
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
15
Lot
7.15 ac
Current owner
From public records · entity-resolved
Tx Laspalmas Gardens Hsng LP
Entity
Mailing address
3419 NACOGDOCHES RD, SAN ANTONIO, TX 78217-3377
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Oct 7, 2010
—
Tx Laspalmas Gardens Hsng LP
Laspalmas Gardens Apartments
Quit Claim Deed
related
$1,440,000 · Stearns Bank NA
—
—
Tx Las Palmas Gardens Hsng LP
—
Deed Of Trust
related
—
—
—
Tx Las Palmas Gardens Hsng LP
—
Deed Of Trust
related
—
—
—
Tx Las Palmas Gardens Hsng LP
—
Deed Of Trust
related
$2,152,000 · Dougherty Mortgage LLC
—
—
Tx Las Palmas Gardens Hsng
—
Deed Of Trust
related
$85,000 · Trght INC
—
—
Tx Las Palmas Gardens Hsng LP
—
Deed Of Trust
related
$1,440,000 · Federal National Mortgage Assn
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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