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Property profile & analytics
OFF-MARKET
Estimated value
$3,030,000
Garden apartment buildings
3110 Commerce St San Antonio, TX 78220-1115
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4363293
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Total area
159,528 SF
Lot
9.38 ac (408,636 SF)
APN
10236-016-0180
UPID
US82-4363293
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.03M
Owner & transaction history
Spectrum Gulf Coast LLC · 3 yrs held
Spectrum Gulf Coast LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$19 / 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
$309,106
Tax year 2023
Assessed value
$12,400,000
Assessed 2023
Previous assessed
$12,400,000
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$1,556,910
Assessed improvement
$10,843,090
Land market value
$1,556,910
Improvement market value
$10,843,090
Total market value
$12,400,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1965
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Total area
159,528 SF
Lot
9.38 ac (408,636 SF)
APN
10236-016-0180
UPID
US82-4363293
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
Building & site characteristics
From public records
Year built
1965
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
9.38 ac
Current owner
From public records · entity-resolved
Spectrum Gulf Coast LLC
Entity
Mailing address
120 E 23RD ST FL 9TH, NEW YORK, NY 10010-4519
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Mar 29, 2023
—
Spectrum Gulf Coast LLC
Commerce Gardens LLC
Agreement Of Sale
—
Apr 19, 2022
—
Commerce Gardens LLC
—
Deed
related
$15,087,000 · Berkadia Commercial Mortgage LLC
Jul 23, 2020
—
Commerce Gardens LLC
Imfi Commerce Apartments LLC
Special Warranty Deed
$8,750,000 · Uc Funding LLC
May 1, 2015
—
Imfi Commerce Apartments LLC
Center Park Equity Fund LLC
Special Warranty Deed
$4,537,500 · Plainscapital Bank
Oct 4, 2011
$1,500,000
Center Park Equity Fund LLC
Schram,anthony
Trustees Deed
related
—
—
—
Center Park Equity Fund LLC
—
Deed Of Trust
related
$4,100,000 · Lender Private Party
—
—
East Forbis LLC
—
Deed Of Trust
related
$1,250,000 · San Antonio City (tx)
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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