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    327 E Locust St San Antonio, TX 78212
    Property profile & analytics

    327 E Locust St, San Antonio, TX 78212

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    • Garden apartment buildings
    • 10,926 SF
    • 0.43 lot acres
    For Sale
    $1,750,000
    View Listing →
    San Antonio Multifamily Lofts For Sale
    $1,750,000
    10,926 SF

    San Antonio Multifamily Lofts

    Modern, renovated multifamily property near downtown San Antonio.

    327 E Locust St, San Antonio, TX 78212
    View Listing
    Property ID
    US83-3357935
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 327 E Locust St

    Year built
    1963
    Lot size
    0.43 lot acres
    Property type
    Garden apartment buildings
    APN
    01738-003-0070
    APU
    17380030070

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 26, 2023 — Docs In Crocs LLC Coma Investments LLC Venders Lien $1.2M · Lima One Capital LLC
    Dec 5, 2013 — Coma Investments LLC Shimon,asaf B Warranty Deed —
    Nov 27, 2007 — Asaf Ben Shimon Singlewhip Ltd Venders Lien $341k · Silver Hill Financial LLC
    Mar 5, 2002 — Candlestick Investments Johnson,davis S & Cindy L Grant Deed · related —
    — — Davis S Johnson — Deed Of Trust · related $168k · Lasalle Bank Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $754,000
      Market price range: $678k - $1.20M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $925,000
      Current use
      WAREHOUSE, STORAGE
      $930,000
      Change: +1% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4905
    Latitude
    29.4461
    CBSA code
    41700
    CBSA name
    SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,733
    $534,460
    $698,430
    $1,232,890
    -
    $534,460
    $698,430
    $1,232,890

    Comparable in this City

    • Value Estimation
      $810,000
      8,022 SF

      4307 Mccullough Ave

      GARDEN APT, COURT APT (5+ UNITS)
      4307 Mccullough Ave, Olmos Park, TX 78212-1961
      View Details
    • Value Estimation
      $1,965,000
      18,819 SF

      321 Laurel

      GARDEN APT, COURT APT (5+ UNITS)
      321 Laurel, San Antonio, TX 78212-4347
      View Details
    • Value Estimation
      $1,010,000
      8,820 SF

      3222 Howard St

      GARDEN APT, COURT APT (5+ UNITS)
      3222 Howard St, San Antonio, TX 78212-2380
      View Details
    • Value Estimation
      $1,685,000
      38,924 SF

      4303 Blanco Rd

      GARDEN APT, COURT APT (5+ UNITS)
      4303 Blanco Rd, San Antonio, TX 78212-1113
      View Details
    • Value Estimation
      $650,000
      5,958 SF

      1441 Contour Dr

      GARDEN APT, COURT APT (5+ UNITS)
      1441 Contour Dr, San Antonio, TX 78212-1273
      View Details
    • Value Estimation
      $535,000
      5,408 SF

      235 Mulberry Ave

      GARDEN APT, COURT APT (5+ UNITS)
      235 Mulberry Ave, San Antonio, TX 78212-3046
      View Details

    Similar Nearby for Sale

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      New Townhomes Near Pearl District

      48 new townhomes near San Antonio's Historic Pearl District.
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      4,039 SF

      Alta Vista Multifamily Value-Add Opportunity

      Six-unit multifamily property with value-add potential in Alta Vista.
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      Tobin Hills Multifamily Lofts

      Renovated multifamily property near downtown San Antonio and Pearl Brewery.
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    • $561,000

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      48 new townhomes near San Antonio's Historic Pearl District.
      719 E Locust St #4104, San Antonio, TX 78212
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      2,700 SF

      Beacon Hill Multifamily Investment Opportunity

      Six-unit multifamily property in the heart of Beacon Hill.
      827 West Rosewood Ave, San Antonio, TX 78212
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      Tobin Hill Boutique Apartments

      47-unit Class A apartment community in San Antonio, Texas.
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    Similar Nearby for Lease

    • Contact for pricing

      Renovated Apartment in Alta Vista

      Recently renovated 1 bed, 1 bath apartment for rent.
      420 W Magnolia Ave #4, San Antonio, TX 78212
      View Details
    • Contact for pricing

      Classic Apartment Near Downtown

      Charming 2-bedroom apartment in a 4-unit building near downtown.
      618 Atlanta St #4, San Antonio, TX 78212
      View Details
    • Contact for pricing
      6,005 SF

      Retail Space on McCullough Avenue

      Retail property in a vibrant San Antonio trade corridor.
      4200-4220 Mccullough Ave, San Antonio, TX 78212
      View Details
    • Contact for pricing
      1,751 SF

      Olmos Park Dental Space Available

      Second generation dental space in established multi-tenant building.
      4118 Mccullough Ave, San Antonio, TX 78212
      View Details
    • Contact for pricing
      10,000 SF

      Former Bingo and Reception Hall

      Flexible retail space with large parking lot available for rent.
      3811 Blanco Rd, San Antonio, TX 78212
      View Details
    • Contact for pricing

      Office Space Near San Pedro Creek

      Office space near San Pedro Creek revitalization project.
      816 Camaron St, San Antonio, TX 78212
      View Details
    View Listing
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    San Antonio, TX 78212
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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