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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    482 Fm 471st N Castroville, TX 78009

    • Commercial real estate
    • 10,080 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3188801
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 482 Fm 471st N

    Year built
    2007
    Lot size
    5.00 lot acres
    Property size
    10,080 SF
    Property type
    Commercial real estate
    APN
    65745
    APU
    65745

    Description

    This exceptional 9,945 square foot commercial property, situated on a spacious 5-acre lot at 482 FM 471 in Castroville, TX, presents a remarkable investment opportunity. Originally designed as a state-of-the-art fitness center, this versatile building boasts a thoughtfully designed layout ideal for various uses thanks to its open floor plan. The property features a fully equipped fitness area with dedicated spaces for cardio and strength training, multiple group fitness studios (yoga, pilates, spinning, etc.), two large locker rooms with showers and lockers, a welcoming reception area with a juice bar, administrative offices, and meeting rooms. Additional amenities include a sizable childcare area with a rock wall, a dry sauna, and a massage room. The building is 100% climate controlled and includes sound systems and two oversized commercial fans. The expansive 5-acre lot provides ample paved parking and significant potential for future development. Located just north of Hwy 90, this property enjoys high visibility and easy accessibility, benefiting from Castroville's growing population and convenient location. All necessary infrastructure is in place, making this a turnkey operation ready for immediate use. The asking price is $1,950,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,414,000
      Market price range: $537k - $1.41M

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

    Location Insight

    • Map
    • Local Demand
    City
    Castroville
    County
    Medina
    State
    Texas
    Longitude
    -98.874
    Latitude
    29.3635
    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
    $29,341
    $435,600
    $1,166,390
    $1,601,990
    -
    $435,600
    $1,166,390
    $1,601,990

    Comparable in this City

    • Value Estimation by Request

      Lower Lacoste Rd

      Land
      0 Lower Lacoste Rd, Castroville, TX 78009
      View Details
    • Value Estimation by Request
      2,720 SF

      Castroville, TX 78009

      COMMERCIAL (GENERAL) • 2,720 SF
      Castroville, TX 78009
      View Details
    • Value Estimation
      $1,870,000
      14,300 SF

      703 Us Hwy 90th E

      COMMERCIAL (GENERAL) • 14,300 SF
      703 Us Hwy 90th E, Castroville, TX 78009-5246
      View Details
    • Value Estimation by Request
      2,832 SF

      17982 Us Hwy 90th E

      COMMERCIAL (GENERAL) • 2,832 SF
      17982 Us Hwy 90th E, Castroville, TX 78009
      View Details
    • Value Estimation
      $6,310,000
      165,943 SF

      1151 Us Hwy 90th E

      COMMERCIAL (GENERAL) • 165,943 SF
      1151 Us Hwy 90th E, Castroville, TX 78009-2982
      View Details
    • Value Estimation by Request
      3.65 Acres

      1513 Old Hwy

      Mixed-use properties • 3.65 Acres
      1513 Old Hwy, Castroville, TX 78009
      View Details

    Similar Nearby for Sale

    • $786,000
      12.09 Acres

      00 HWY 90 W

      Land • 12.09 Acres
      0 Us Highway 90, Castroville, TX 78009
      View Details
    • Contact for pricing
      209.98 Acres

      Highway 90 Commercial Land Tract

      Prime Castroville land, Hwy 90 frontage.
      0 County Road 4712, Castroville, TX 78009
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      Castroville Commercial Land Opportunity

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      0 Lower Lacoste Rd, Castroville, TX 78009
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      285.00 Acres

      Castroville Commercial Land - 260 Acres

      Prime Texas acreage, Hwy 90 frontage, development potential.
      1005 And Kempf Ln, Castroville, TX 78009
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    • $475,000

      Castroville Specialty Property For Sale

      Specialty property available for purchase in Castroville, Texas.
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    • $554,990

      Castroville Specialty Property For Sale

      Specialty property available for purchase in Castroville, Texas.
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    Similar Nearby for Lease

    • Contact for pricing
      39,668 SF

      Castroville Retail Center - Hwy 90

      High-traffic retail space, Castroville, TX
      90 & Fm 471, Castroville, TX 78009
      View Details
    • Contact for pricing
      10,532 SF

      Castroville Retail Space For Lease

      High-visibility retail space on US Highway 90 in Castroville.
      1726 Us Highway 90 E, Castroville, TX 78009
      View Details
    • Contact for pricing
      40,000 SF

      Alsatian Oaks: Castroville Medical Office Space

      Prime Castroville medical & office suites available. Multiple sizes, build-to-suit options.
      1151 Us Highway 90, Castroville, TX 78009
      View Details
    • $26 SF/Yr
      1,152 SF

      Hwy 90 Commercial Property Investment

      1,152 sq ft Office/Retail on 1.38 Acres
      1740 Us Highway 90, Castroville, TX 78009
      View Details
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    482 Fm 471st N
    Castroville, TX 78009
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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.

    More about this property
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