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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Motels
2203 Commerce St San Antonio, TX 78203-1901
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US82-9023816
Property summary
AI-generated overview
This exceptional investment opportunity presents Felix's Car Wash, a well-established special purpose property located at 2203 W Commerce St, San Antonio, Texas 78207. The property boasts a prime corner location in a high-traffic area of Bexar County, offering significant visibility and accessibility. The existing car wash facility comprises three buildings totaling 2,260 square feet on a substantial 18,750 square foot lot. Currently operating under C3 zoning, the property presents significant redevelopment potential for investors seeking to maximize returns. The asking price is $500,000, translating to $221.24 per square foot. The single-story buildings were constructed in an unknown year. The current owner is retiring, presenting a unique chance to acquire a proven business with the potential for increased income by expanding operating hours. The property's APN is 022950070110, and ownership is held by Mary Alba, LLC. This is a rare chance to own a landmark Westside San Antonio business with immediate income potential and long-term growth opportunities. The property's strategic location and versatile zoning make it an ideal investment for both experienced and emerging entrepreneurs. Serious inquiries are encouraged.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1992
Total area
6,962 SF
Lot
1.14 ac (49,441 SF)
APN
01440-007-0310
UPID
US82-9023816
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
-
Alamo Inn & Suites- Downtown Hotel & Motel
-
Felix Carwash Car Wash
-
Americas Best Value Inn San Antonio Downtown Riverwalk Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Vasanti LLC · 13 yrs held
Vasanti LLC
since 2013
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$830,000
+377.2%
Retail stores
$790,000
+356.4%
Medical building
$575,000
+232.0%
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
$470,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$830,000
Change: +377% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +356% · Conversion: Difficult
MEDICAL BUILDING
$575,000
Change: +232% · Conversion: Difficult
OFFICE BUILDING
$460,000
Change: +166% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$450,000
Change: +158% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$76 / 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
$21,927
Tax year 2023
Assessed value
$879,610
Assessed 2023
Previous assessed
$879,610
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$559,170
Assessed improvement
$320,440
Land market value
$559,170
Improvement market value
$320,440
Total market value
$879,610
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1992
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
6,962 SF
Lot
1.14 ac (49,441 SF)
APN
01440-007-0310
UPID
US82-9023816
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
AUTO REPAIR, GARAGE
Est. value
$830,000
RETAIL STORES
Est. value
$790,000
MEDICAL BUILDING
Est. value
$575,000
OFFICE BUILDING
Est. value
$460,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$450,000
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1992
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.14 ac
Current owner
From public records · entity-resolved
Vasanti LLC
Entity
Mailing address
2203 E COMMERCE ST, SAN ANTONIO, TX 78203-1901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2013
—
Vasanti LLC
Rakesh N Vazir
Warranty Deed
related
—
Jun 28, 2007
—
Vazir,rakesh N & Aditi R
Vasanti LLC
Grant Deed
—
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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