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Property profile & analytics
OFF-MARKET
Estimated value
$11,420,000
High-rise multifamily apartments
1221 Broadway St San Antonio, TX 78215-1323
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-6525772
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2004
Total area
79,648 SF
Lot
2.54 ac (110,425 SF)
APN
00467-048-0010
UPID
US82-6525772
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
-
Tiff's Treats Cookie Delivery (Bike/Boat/Book/etc) Store Bakery
-
Facility Programming & Consulting Architect
-
El Jefe Baja Style Restaurant
-
12Welve 2Wenty1 Lofts Apartment Complex
-
1221 Broadway Lofts Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.52M
Comparable Approach
Comparable
$10.32M
Blend (final)
Blend
$11.42M
Owner & transaction history
Broadway Lofts LP · 11 yrs held
Broadway Lofts LP
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.5M
+102.1%
Commercial (general)
$10.3M
+66.7%
Auto repair, garage
$9.5M
+52.7%
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%
$13,560,000
6.5%
$12,515,000
7%
$11,625,000
Alternative Use
Use
Estimation
RESTAURANT
$12,530,000
Change: +102% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,340,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,465,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$9,055,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$11.42M
Range $10.28M – $12.56M · ±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
$143 / 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
$775,084
Tax year 2023
Assessed value
$31,093,000
Assessed 2023
Previous assessed
$31,093,000
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$8,195,710
Assessed improvement
$22,897,290
Land market value
$8,195,710
Improvement market value
$22,897,290
Total market value
$31,093,000
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
2004
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Total area
79,648 SF
Lot
2.54 ac (110,425 SF)
APN
00467-048-0010
UPID
US82-6525772
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
RESTAURANT
Est. value
$12.5M
COMMERCIAL (GENERAL)
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$9.5M
RETAIL STORES
Est. value
$9.1M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2004
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
2.54 ac
Current owner
From public records · entity-resolved
Broadway Lofts LP
Entity
Mailing address
1221 BROADWAY ST STE #104, SAN ANTONIO, TX 78215-1327
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2015
—
Broadway Lofts LP
Broadway Lofts Two LP
Quit Claim Deed
related
$38,000,000 · Red Mtg Cap
Mar 14, 2012
—
Broadway Lofts Two LP
—
Trustees Deed
related
$5,400,000 · Broadway National Bank
Sep 29, 2010
—
Broadway Lofts LP
—
Deed Of Trust
related
$23,400,000 · Rockhall Funding Corp
Sep 28, 2010
—
Broadway Lofts Two LP
Broadway Lofts LP
Quit Claim Deed
related
—
Aug 6, 2008
—
Lofts Broadway
Colina Del Rio
Grant Deed
$5,085,000 · Colina Del Rio LP
Aug 3, 2006
$4,770,000
Delrio Colina
Satel,james E
Trustees Deed
—
—
—
Broadway Lofts LP
—
Deed Of Trust
related
$23,281,100 · Rockhall Funding Corp
—
—
George A Geis
—
Deed Of Trust
related
$200,000 · Sampson-hayslip Trust
—
—
Broadway Lofts Two LP
—
Deed Of Trust
related
$5,399,900 · Broadway 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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