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Property profile & analytics
OFF-MARKET
Estimated value
$4,230,000
Office Spaces
1901 Military Hwy Castle Hills, TX 78213-2150
Entity Owned
8-yr Hold
Free & Clear
Property ID
US82-0329808
Property summary
AI-generated overview
The Gallery Building, a Class B office property in San Antonio, Texas, offers 19,888 square feet of executive office space. Built in 1978, this multi-tenant building is located at 1901 NW Military Hwy, 78213, in the desirable Castle Hills neighborhood of Bexar County. Currently, 757 square feet of office space is available for lease. The building boasts 75 parking spaces for tenant and visitor convenience. Its prime location provides easy access to Loop 410 and Loop 1604, placing businesses within close proximity to a wide array of restaurants and retail options. The attractive setting, nestled behind live oak trees, creates a tranquil and professional atmosphere. This property presents a unique opportunity for businesses seeking a well-maintained, conveniently located executive office space in a highly sought-after San Antonio suburb. The available space is ideal for a variety of professional uses. The building's attractive landscaping and convenient location make it a desirable choice for businesses seeking a prestigious address.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1982
Total area
23,202 SF
Lot
1.2 ac (52,403 SF)
APN
05778-013-0210
UPID
US82-0329808
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
by Request
CAP Approach
CAP
$4.58M
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$4.23M
Owner & transaction history
1901 Nw Military LLC · 8 yrs held
1901 Nw Military LLC
since 2017
6 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 Castle Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castle Hills 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%
$4,960,000
6.5%
$4,580,000
7%
$4,250,000
Blend value · Realmo final
$4.23M
Range $3.81M – $4.65M · ±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
$182 / 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
$67,777
Tax year 2023
Assessed value
$2,950,000
Assessed 2023
Previous assessed
$2,950,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$570,000
Assessed improvement
$2,380,000
Land market value
$570,000
Improvement market value
$2,380,000
Total market value
$2,950,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1982
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
23,202 SF
Lot
1.2 ac (52,403 SF)
APN
05778-013-0210
UPID
US82-0329808
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
Building & site characteristics
From public records
Year built
1982
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
1901 Nw Military LLC
Entity
Free & Clear · 8 yrs held
Mailing address
242 W SUNSET RD STE #201, SAN ANTONIO, TX 78209-2610
Ownership since
2017
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
Dec 22, 2017
—
1901 Nw Military LLC
Khb Properties LLC
Grant Deed
—
Aug 1, 2017
—
Khb Properties LLC
Gallery Partners Ltd
Venders Lien
$661,650 · Gallery Partners Ltd
Dec 30, 2016
—
Gallery Partners Ltd
—
Trustees Deed
related
$1,700,000 · Plainscapital Bk
Oct 3, 2005
—
Gallery Partners Ltd
Mlrw LLC
Special Warranty Deed
$1,600,000 · Plainscapital Bank
—
—
Gallery Partners Ltd
—
Deed Of Trust
related
$1,930,000 · Lehman Brothers Bank Fsb
—
—
Mlrw LLC
—
Deed Of Trust
related
$350,000 · International Bank Of Commerce
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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