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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Grocery and convenience stores
2214 Military Dr San Antonio, TX 78223-3526
Entity Owned
5-yr Hold
Free & Clear
Property ID
US82-9232404
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2016
Total area
6,720 SF
Lot
1.43 ac (62,421 SF)
APN
10930-000-0250
UPID
US82-9232404
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
-
Amazon Locker - Glove Courier Service Postal Service
-
Laredo Taco Company Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.31M
Owner & transaction history
Spa Investments LLC · 5 yrs held
Spa Investments LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+300.9%
Restaurant
$950,000
+232.2%
Auto repair, garage
$875,000
+206.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,605,000
6.5%
$1,485,000
7%
$1,375,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,150,000
Change: +301% · Conversion: Easy
RESTAURANT
$950,000
Change: +232% · Conversion: Difficult
AUTO REPAIR, GARAGE
$875,000
Change: +207% · Conversion: Difficult
RETAIL STORES
$845,000
Change: +195% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$195 / 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
$71,668
Tax year 2023
Assessed value
$2,986,190
Assessed 2023
Previous assessed
$2,986,190
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$1,032,450
Assessed improvement
$1,953,740
Land market value
$1,032,450
Improvement market value
$1,953,740
Total market value
$2,986,190
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2016
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
6,720 SF
Lot
1.43 ac (62,421 SF)
APN
10930-000-0250
UPID
US82-9232404
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
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$875,000
RETAIL STORES
Est. value
$845,000
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2016
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Spa Investments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 1206, KEMAH, TX 77565-1206
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
—
Sd Apple Properties III LLC
—
Deed
related
$3,840,909 · First State Bank
Jul 14, 2021
—
Spa Investments LLC
Spanish Cay LLC
Special Warranty Deed
—
Jan 31, 2019
—
Gfr Property Management LLC
—
Trustees Deed
related
$25,000 · Broadway Bk
Jul 12, 2017
—
Sd Apple Properties III LLC
—
Grant Deed
related
$8,677,500 · Capital One NA
Jun 6, 2017
—
Sd Apple Properties III LLC
Sri Real Estate Properties LLC
Grant Deed
—
May 17, 2017
—
Spanish Cay LLC
—
Deed
related
$585,000 · Bank Of San Antonio
Oct 12, 2016
—
Spanish Cay LLC
Money Cay LLC
Grant Deed
$585,000 · Bank Of San Antonio
—
—
Spanish Cay LLC
—
Deed Of Trust
related
$561,900 · Broadway Bk
—
—
Spanish Cay LLC
—
Loan Modification
related
$585,000 · Bank Of San Antonio
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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