Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    218 Rhapsody Dr San Antonio, TX 78216-3106

    • Office Properties & Spaces
    • 4,990 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3083868
    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

    • Office Properties & Spaces

    Property Details for 218 Rhapsody Dr

    Year built
    1968
    Lot size
    0.37 lot acres
    Property size
    4,990 SF
    Property type
    Office Properties & Spaces
    APN
    13607-003-0530
    APU
    136070030530

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.498
    Latitude
    29.5472
    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
    $8,723
    $99,680
    $280,320
    $380,000
    -
    $99,680
    $280,320
    $380,000

    Comparable in this City

    • Value Estimation
      $900,000
      7,444 SF

      1130 Arion Pkwy

      OFFICE (GENERAL) • 7,444 SF
      1130 Arion Pkwy, San Antonio, TX 78216-2871
      View Details
    • Value Estimation by Request
      1,692 SF

      13230 Blanco Rd

      OFFICE (GENERAL) • 1,692 SF
      13230 Blanco Rd, San Antonio, TX 78216-8261
      View Details
    • Value Estimation
      $580,000
      5,023 SF

      8400 Blanco Rd

      OFFICE (GENERAL) • 5,023 SF
      8400 Blanco Rd, San Antonio, TX 78216-3055
      View Details
    • Value Estimation
      $1,640,000
      14,529 SF

      431 Wolfe Rd

      OFFICE (GENERAL) • 14,529 SF
      431 Wolfe Rd, San Antonio, TX 78216-4628
      View Details
    • Value Estimation
      $920,000
      17,424 SF

      12615 San Pedro Ave

      OFFICE (GENERAL) • 17,424 SF
      12615 San Pedro Ave, San Antonio, TX 78216-2848
      View Details
    • Value Estimation
      $1,140,000
      24,385 SF

      100 Sandau Rd

      OFFICE (GENERAL) • 24,385 SF
      100 Sandau Rd, San Antonio, TX 78216-3665
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,250 SF

      Isom Road Medical Office Building

      8,250 SF Medical Office for Sale in San Antonio, TX
      622 Isom Rd, San Antonio, TX 78216
      View Details
    • $1,675,000
      21,901 SF

      San Antonio Office Building Investment

      Prime San Pedro Ave location, 21,901 SF office.
      6836 San Pedro Ave, San Antonio, TX 78216
      View Details
    • Contact for pricing
      16,710 SF

      San Antonio Single-Story Office Building

      16,710 SF office building with highway access and gated parking.
      12940 Country Pkwy, San Antonio, TX 78216
      View Details
    • $329,000
      Pending

      San Antonio Office Space For Sale

      Office space in central San Antonio location near Loop 410.
      201 Downshire Dr, San Antonio, TX 78216
      View Details
    • $925,000
      10,216 SF

      San Antonio Office Building For Sale

      Office building with 10,216 square feet available for sale.
      119 E Rhapsody Dr, 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

    Similar Nearby for Lease

    • $20 SF/Yr
      10,014 SF

      San Antonio Office Space Available

      Prime Office Suites, Bexar County, TX
      10803 Gulfdale St, San Antonio, TX 78216
      View Details
    • $19 SF/Yr
      54,541 SF

      Executive Suites, San Antonio

      Prime Office Space, Multiple Suites Available
      11743 West Ave, San Antonio, TX 78216
      View Details
    • Contact for pricing
      137,719 SF

      Loop 410 Office Space Available

      Prime San Antonio Office, 18 Suites Available
      45 Interstate 410 Loop, San Antonio, TX 78216
      View Details
    • Contact for pricing
      6,416 SF

      Office Space Available For Rent

      Office property with 6416 square feet available for rent.
      814 Arion Pkwy, San Antonio, TX 78216
      View Details
    • $15 SF/Yr
      12,940 SF

      Flores Business Center: San Antonio Office Suites

      Executive Suites, San Antonio, TX. Prime Location.
      518 Ramsey Rd, San Antonio, TX 78216
      View Details
    • Contact for pricing
      97,000 SF

      Sandau Business Park: Prime San Antonio Space

      Flex & Office Suites Available in Bexar County
      500 Sandau 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.
    218 Rhapsody Dr
    San Antonio, TX 78216-3106
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.