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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Office buildings
241 Seville Dr New Braunfels, TX 78130-3826
Entity Owned
2-yr Hold
Property ID
US83-3771608
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
6,551 SF
Lot
4.6 ac (200,376 SF)
APN
45-0760-0003-00
UPID
US83-3771608
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
-
LakeHaus at Dunlap Apartment Complex
-
River Park Apartments Housing Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.09M
Owner & transaction history
241 New Braunfels LLC · 2 yrs held
241 New Braunfels LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$860,000
+20.3%
Commercial (general)
$825,000
+15.5%
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
$765,000
CAP Approach
CAP Return
Estimation
6%
$1,585,000
6.5%
$1,465,000
7%
$1,360,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$715,000
Current use
AUTO REPAIR, GARAGE
$860,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$825,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$166 / 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
$108,022
Tax year 2023
Assessed value
$6,089,700
Assessed 2023
Previous assessed
$6,089,700
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$1,364,463
Assessed improvement
$4,725,237
Land market value
$1,364,463
Improvement market value
$4,725,237
Total market value
$6,089,700
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
1973
Heating
CENTRAL
Cooling
CENTRAL
Buildings
8
Stories
1
Bathrooms
1
Total area
6,551 SF
Lot
4.6 ac (200,376 SF)
APN
45-0760-0003-00
UPID
US83-3771608
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
$715,000
AUTO REPAIR, GARAGE
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$825,000
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
1973
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
8
Bathrooms
1
Lot
4.6 ac
Current owner
From public records · entity-resolved
241 New Braunfels LLC
Entity
Mailing address
106 RALEY RD, CEDAR PARK, TX 78613-6911
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2023
—
241 New Braunfels LLC
Austep Properties LLC
Deed
$3,650,000 · Schertz Bank & Trust
Sep 13, 2021
—
Austep Properties LLC
Csc Iriver Park Realty Lc
Venders Lien
$8,396,250 · Keystone Bank NA
Sep 2, 2020
—
Csc River Park Realty LLC
Aca River Park LLC
Grant Deed
$6,662,741 · Flagship Cap Ptrs Fund IV LP
Jul 27, 2016
—
Aca River Park LLC
Sca River Park LP
Grant Deed
$4,725,000 · Greystone Svcg
Jun 21, 2013
—
Sca River Park LP
Emr River Park Apartments LLC
Grant Deed
$3,650,000 · Berkeley Point Capital LLC
Apr 20, 2010
—
Emr River Park Apartments LLC
5th Quad Run LLC
Special Warranty Deed
$2,875,000 · Column Financial INC
Nov 17, 2004
—
5th Quad Run LLC
Sic-river Park Ltd
Grant Deed
related
—
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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