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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Garden apartment buildings
1235 Mulberry Ave, San Antonio, TX 78209-7145
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US83-3799874
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1962
Total area
10,152 SF
Lot
2.79 ac (121,576 SF)
APN
09020-002-0011
UPID
US83-3799874
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
-
Sentinel Pointe Apartments Apartment Building
-
the PARKER Broadway Apartment Building
-
Junk Remover Expert Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$930k
Owner & transaction history
Parker Broadway LP · 10 yrs held
Parker Broadway LP
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+76.2%
Auto repair, garage
$1.2M
+60.4%
Retail stores
$1.0M
+33.2%
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
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$750,000
Current use
RESTAURANT
$1,325,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,205,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$950,000
Change: +26% · Conversion: Moderate
COMMERCIAL (GENERAL)
$945,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$675,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$92 / 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
$189,452
Tax year 2023
Assessed value
$7,600,000
Assessed 2023
Previous assessed
$7,600,000
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$2,249,160
Assessed improvement
$5,350,840
Land market value
$2,249,160
Improvement market value
$5,350,840
Total market value
$7,600,000
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
1962
Heating
CENTRAL
Cooling
YES
Buildings
5
Stories
2
Total area
10,152 SF
Lot
2.79 ac (121,576 SF)
APN
09020-002-0011
UPID
US83-3799874
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
$750,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$945,000
OFFICE BUILDING
Est. value
$675,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE 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
1962
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
5
Lot
2.79 ac
Current owner
From public records · entity-resolved
Parker Broadway LP
Entity
Mailing address
1235 E MULBERRY AVE, SAN ANTONIO, TX 78209-7145
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2017
—
Parker Broadway LP
—
Deed
related
$2,818,375 · Iberiabank
Sep 14, 2015
—
Parker Broadway LP
Presidium Sentinel Ptrs LLC
Grant Deed
$4,512,000 · Iberiabank
Jun 5, 2014
—
Presidium Sentinel Ptrs LLC
Sentinel Pointe LP
Quit Claim Deed
—
Jul 24, 2006
—
Sentinel Pointe
Virtu Sentinel Pointe Assocs L
Quit Claim Deed
—
—
—
Presidium Sentinel Ptrs LLC
—
Deed Of Trust
related
$4,640,000 · Capital Bk Ssb
—
—
Parker Broadway LP
—
Deed Of Trust
related
$2,818,375 · Iberiabank
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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