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

    503 Courtland Pl San Antonio, TX 78212-4064

    • Garden apartment buildings
    • 7,596 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3358519
    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

    • Garden apartment buildings

    Property Details for 503 Courtland Pl

    Year built
    1973
    Lot size
    0.34 lot acres
    Property size
    7,596 SF
    Property type
    Garden apartment buildings
    APN
    02998-007-0010
    APU
    29980070010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4892
    Latitude
    29.4484
    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
    $13,710
    $431,910
    $161,980
    $593,890
    -
    $431,910
    $161,980
    $593,890

    Comparable in this City

    • Value Estimation
      $2,940,000
      29,698 SF

      401 Holland Ave

      GARDEN APT, COURT APT (5+ UNITS) • 29,698 SF
      401 Holland Ave, Olmos Park, TX 78212-2426
      View Details
    • Value Estimation
      $2,240,000
      56,370 SF

      4303 Blanco Rd

      GARDEN APT, COURT APT (5+ UNITS) • 56,370 SF
      4303 Blanco Rd, San Antonio, TX 78212-1113
      View Details
    • Value Estimation
      $2,190,000
      23,991 SF

      111 Park Ave

      GARDEN APT, COURT APT (5+ UNITS) • 23,991 SF
      111 Park Ave, San Antonio, TX 78212-4326
      View Details
    • Value Estimation
      $675,000
      5,928 SF

      438 Mistletoe Ave

      GARDEN APT, COURT APT (5+ UNITS) • 5,928 SF
      438 Mistletoe Ave, San Antonio, TX 78212-3330
      View Details
    • Value Estimation
      $1,355,000
      13,788 SF

      219 Magnolia Ave

      GARDEN APT, COURT APT (5+ UNITS) • 13,788 SF
      219 Magnolia Ave, San Antonio, TX 78212-2980
      View Details
    • Value Estimation
      $715,000
      11,258 SF

      127 Magnolia Ave

      GARDEN APT, COURT APT (5+ UNITS) • 11,258 SF
      127 Magnolia Ave, San Antonio, TX 78212-2978
      View Details

    Similar Nearby for Sale

    • $199,000

      Remodeled Condo in Olmos Park

      First-floor condo with modern updates and private garden patio.
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      View Details
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      5,632 SF

      San Antonio Multifamily Investment Opportunity

      Eight-unit multifamily property in Monte Vista, San Antonio.
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      1,934 SF

      New Townhomes Near Pearl District

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      New Townhomes Near Pearl District

      New 48-unit townhome community near San Antonio's Pearl District.
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    • $517,000
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      New Townhomes Near Pearl District

      48 new townhomes near San Antonio's Historic Pearl District.
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    • $1,600,000
      1.53 Acres

      San Antonio Redevelopment Opportunity

      Approved for 29 multifamily units near downtown and Pearl District.
      1010 W Ashby Pl, San Antonio, TX 78212
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    Similar Nearby for Lease

    • $950 /Mo

      Classic Apartment Near Downtown

      Charming 2-bedroom apartment in a 4-unit building near downtown.
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    • 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
      9,464 SF

      San Antonio Freestanding Office Building

      Freestanding office building available for sale or lease.
      602 W French Pl, San Antonio, TX 78212
      View Details
    • Contact for pricing
      1,320 SF

      Olmos Park Retail Center Space

      Retail and restaurant spaces for lease in Olmos Park.
      218-226 E Olmos Dr, San Antonio, TX 78212
      View Details
    • Contact for pricing
      2,750 SF

      San Antonio Flex/Industrial Space

      Flex/Industrial space available for lease in San Antonio, TX.
      4226 Blanco Rd, San Antonio, TX 78212
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on TX-1604 Loop

      2000 SF retail space available for rent.
      115 Loop St, San Antonio, TX 78212
      View Details
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    503 Courtland Pl
    San Antonio, TX 78212-4064
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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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