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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Office buildings
228 Hunters Vlg New Braunfels, TX 78132-4742
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3123846
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Total area
4,403 SF
Lot
0.81 ac (35,240 SF)
APN
22-0492-0008-00
UPID
US83-3123846
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
-
Guild Mortgage - The Arp Brothers Team Loan Service Bank
-
Latonya White Loan Service Bank
-
Spark Homes Mobile Home Dealer Modular Home Dealer
-
Guild Mortgage - Lee Arp Loan Service Bank
-
Guild Mortgage - Travis LaFaitte Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$735k
Owner & transaction history
Gela Partners Ltd · 17 yrs held
Gela Partners Ltd
since 2008
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$580,000
+24.7%
Commercial (general)
$545,000
+17.5%
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 New Braunfels submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Braunfels 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
$535,000
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$465,000
Current use
AUTO REPAIR, GARAGE
$580,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$545,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$167 / 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
$34,308
Tax year 2023
Assessed value
$1,983,810
Assessed 2023
Previous assessed
$1,983,810
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$528,807
Assessed improvement
$1,455,003
Land market value
$528,807
Improvement market value
$1,455,003
Total market value
$1,983,810
Applied tax rate
46.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2011
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
4,403 SF
Lot
0.81 ac (35,240 SF)
APN
22-0492-0008-00
UPID
US83-3123846
Jurisdiction
COMAL
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
OFFICE BUILDING Current
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$545,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2011
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
0.81 ac
Current owner
From public records · entity-resolved
Gela Partners Ltd
Entity
Mailing address
2574 FM 2722, NEW BRAUNFELS, TX 78132-2870
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2017
—
Gela Partners Ltd
—
Trustees Deed
related
$1,075,500 · Prosperity Bk
Sep 29, 2008
—
Gela Partners Ltd
Fuquay,john & Kaye
Warranty Deed
$90,000 · First State Bank
May 1, 2007
—
John Fuquay
Hunters Creek Busn Park INC
Warranty Deed
$176,200 · First State Bank
—
—
Gela Partners Ltd
—
Deed Of Trust
related
$977,500 · First State Bank
—
—
Gela Partners Ltd
—
Deed Of Trust
related
$67,000 · First State Bank
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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