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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
125 Luckett Dr New Braunfels, TX 78130-3291
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2845180
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
2,516 SF
Lot
9.1 ac (396,352 SF)
APN
60-0930-0057-02
UPID
US82-2845180
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$394k
Blend (final)
Blend
$580k
Owner & transaction history
Rmi Village Circle Apartments · 18 yrs held
Rmi Village Circle Apartments
since 2008
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 New Braunfels submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Braunfels 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
$600,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$231 / 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
$45,059
Tax year 2023
Assessed value
$2,540,200
Assessed 2023
Previous assessed
$2,540,200
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$741,872
Assessed improvement
$1,798,328
Land market value
$741,872
Improvement market value
$1,798,328
Total market value
$2,540,200
Applied tax rate
46.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
1
Bathrooms
6
Total area
2,516 SF
Lot
9.1 ac (396,352 SF)
APN
60-0930-0057-02
UPID
US82-2845180
Jurisdiction
COMAL
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
1981
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
5
Bathrooms
6
Lot
9.1 ac
Current owner
From public records · entity-resolved
Rmi Village Circle Apartments
Individual
Mailing address
3419 NACOGDOCHES RD, SAN ANTONIO, TX 78217-3377
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Feb 15, 2008
—
Rmi Village Circle Apartments
Village Circle Holdings
Quit Claim Deed
$2,000,000 · Greystone Bank
Nov 15, 2004
—
Village Circle Holdings
Village Circle Apartments Ltd
Quit Claim Deed
related
$1,183,000 · Deutsche Bank Berkshire Mtg
—
—
Village Circle Holdings
—
Deed Of Trust
related
$628,000 · Db Berkshire Mortgage INC
—
—
Rmi Village Circle Apartments
—
Loan Modification
related
$2,000,000 · Greystone Bank
—
—
Rmi Village Circle Apartments
—
Loan Modification
related
$2,000,000 · Greystone Bank
—
—
Rmi Village Circle Apartments
—
Loan Modification
related
$2,000,000 · Greystone Bank
—
—
Rmi Village Circle Apartments
—
Deed Of Trust
related
$2,060,000 · University Cu
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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