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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Grocery and convenience stores
3500 Broadway San Antonio, TX 78209-6514
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-3588653
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1978
Total area
5,443 SF
Lot
0.36 ac (15,769 SF)
APN
06138-000-0450
UPID
US82-3588653
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
-
Convenient Food Mart Grocery & Convenience Store
-
Texaco Gas Station
-
Golden Meals Restaurant
-
RockItCoin Bitcoin ATM Crypto Atm
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$614k
Blend (final)
Blend
$530k
Owner & transaction history
First Broadway Holdings LLC · 8 yrs held
First Broadway Holdings LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$710,000
+125.9%
Auto repair, garage
$645,000
+105.6%
Retail stores
$535,000
+70.7%
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
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$710,000
Change: +126% · Conversion: Difficult
AUTO REPAIR, GARAGE
$645,000
Change: +106% · Conversion: Difficult
RETAIL STORES
$535,000
Change: +71% · Conversion: Easy
MEDICAL BUILDING
$510,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$505,000
Change: +61% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$405,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$360,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$97 / 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
$36,619
Tax year 2023
Assessed value
$1,469,000
Assessed 2023
Previous assessed
$1,469,000
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$1,058,590
Assessed improvement
$410,410
Land market value
$1,058,590
Improvement market value
$410,410
Total market value
$1,469,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1978
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
5,443 SF
Lot
0.36 ac (15,769 SF)
APN
06138-000-0450
UPID
US82-3588653
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
RESTAURANT
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$645,000
RETAIL STORES
Est. value
$535,000
MEDICAL BUILDING
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$505,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$405,000
OFFICE BUILDING
Est. value
$360,000
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1978
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
First Broadway Holdings LLC
Entity
Mailing address
3500 BROADWAY, SAN ANTONIO, TX 78209-6514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2018
—
First Broadway Holdings LLC
—
Deed
related
$2,000,000 · Tibor Ritter Psp
Feb 8, 2018
—
First Broadway Holdings LLC
—
Deed
related
—
Sep 29, 2017
—
First Broadway Holdings LLC
Boothe Nance Family Partnership Ltd
Special Warranty Deed
$1,050,000 · Jefferson Bank
Feb 25, 2010
—
Boothe Nance Family Ptshp Ltd
Boothe,thomas H & Nancy N
Quit Claim Deed
—
—
—
First Broadway Holdings LLC
—
Deed Of Trust
related
—
—
—
First Broadway Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Tibor Ritter Psp
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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