Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    204 Rhapsody Dr San Antonio, TX 78216-3114

    • Warehouses
    • 9,940 SF
    • 0.69 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2022
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0132018
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Richard's Watercraft Repair / (Bike/Boat/Book/etc) Store
    • 2M Lighting + Controls / Industrial Manufacturer
    • Robert Rodriguez CPA / Accounting Firm
    • The Uptown Sound Lab / Recording Studio

    Property Details for 204 Rhapsody Dr

    Year built
    1965
    Lot size
    0.69 lot acres
    Property size
    9,940 SF
    Property type
    Warehouses
    APN
    13198-002-0040
    APU
    131980020040

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $746,000
      Market price range: $305k - $746k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $510,000
      Current use
      RESTAURANT
      $1,085,000
      Change: +114% Conversion: Difficult
      MEDICAL BUILDING
      $910,000
      Change: +79% Conversion: Difficult
      OFFICE BUILDING
      $660,000
      Change: +30% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $655,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $640,000
      Change: +26% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $565,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $495,000
      Change: -2% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4937
    Latitude
    29.5429
    CBSA code
    41700
    CBSA name
    SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,254
    $198,470
    $1,462,820
    $1,661,290
    -
    $198,470
    $1,462,820
    $1,661,290

    Comparable in this City

    • Value Estimation by Request
      77,248 SF

      903-1051 Nakoma Dr

      Distribution properties • 77,248 SF
      903-1051 Nakoma Dr, San Antonio, TX 78216
      View Details
    • Value Estimation by Request
      25,441 SF

      314 Nakoma Dr

      Flex space • 25,441 SF
      314 Nakoma Dr, San Antonio, TX 78216
      View Details
    • Value Estimation by Request
      8,952 SF

      435 Nakoma Dr

      Distribution properties • 8,952 SF
      435 Nakoma Dr, San Antonio, TX 78216
      View Details
    • Value Estimation
      $1,865,000
      84,016 SF

      210 Rector St

      WAREHOUSE, STORAGE • 84,016 SF
      210 Rector St, San Antonio, TX 78216-5716
      View Details
    • Value Estimation
      $1,265,000
      51,856 SF

      12615 San Pedro Ave

      WAREHOUSE, STORAGE • 51,856 SF
      12615 San Pedro Ave, San Antonio, TX 78216-2848
      View Details
    • Value Estimation
      $1,350,000
      51,200 SF

      13414 Ww Ave

      MINI-WAREHOUSE, STORAGE • 51,200 SF
      13414 Ww Ave, San Antonio, TX 78216-2005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      San Antonio Warehouse and Office

      Flexible warehouse and office space in North Central San Antonio.
      106 W Turbo Dr, San Antonio, TX 78216
      View Details
    • Contact for pricing
      16,495 SF

      Industrial Warehouse Space Available

      16,495 SF warehouse space for sale.
      306 E Nakoma St, San Antonio, TX 78216
      View Details
    • Contact for pricing
      9,960 SF

      San Antonio Retail/Warehouse Flex Space

      9,960 SF retail/warehouse flex space near San Antonio Airport.
      10288 San Pedro Ave, San Antonio, TX 78216
      View Details
    • Contact for pricing
      10,505 SF

      San Antonio Flex/Industrial Building

      10,505 SF flex building near South Texas Medical Center.
      3 Burwood Ln, San Antonio, TX 78216
      View Details
    • $395,000
      0.61 Acres

      Prime San Antonio Commercial Land

      0.61 Acres, Zoned CD, $395,000
      159 El Mio Dr, San Antonio, TX 78216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      131,290 SF

      San Antonio Warehouse Space Available

      131,290 square feet of warehouse space for lease.
      118 Interpark Blvd, San Antonio, TX 78216
      View Details
    • Contact for pricing
      51,341 SF

      Versatile San Antonio Commercial Space

      Adaptable property featuring warehouse, retail, and office spaces for lease.
      10130 Jones Maltsberger Rd, San Antonio, TX 78216
      View Details
    • Contact for pricing
      100,225 SF

      San Antonio Warehouse Space Available

      100,225 SF warehouse space for lease in San Antonio.
      118 Interpark Blvd, San Antonio, TX 78216
      View Details
    • Contact for pricing
      3,784 SF

      San Antonio Warehouse - 3784 sqft

      Single-tenant industrial warehouse in North Central San Antonio.
      11902 Warfield St, San Antonio, TX 78216
      View Details
    • $16 SF/Yr
      77,248 SF

      East Nakoma Business Park Warehouses

      Central San Antonio flex warehouse space for lease.
      903-1051 Nakoma Dr, San Antonio, TX 78216
      View Details
    • Contact for pricing
      5,100 SF

      Warehouse Space Near Airport

      2,550 SF warehouse space with highway access.
      431 Isom Rd, San Antonio, TX 78216
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    204 Rhapsody Dr
    San Antonio, TX 78216-3114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!