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Property profile & analytics
OFF-MARKET
Estimated value
$2,895,000
Garden apartment buildings
531 Ute San Antonio, TX 78211-3832
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US82-2311393
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2000
Total area
19,200 SF
Lot
5.14 ac (223,724 SF)
APN
12669-016-0240
UPID
US82-2311393
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
-
Fright Self Storage Units Storage Facility
-
Kelly Heights Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.02M
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$2.90M
Owner & transaction history
Kelly Heights Apartments Ltd · 27 yrs held
Kelly Heights Apartments Ltd
since 1999
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.6M
+103.0%
Retail stores
$3.2M
+39.6%
Restaurant
$3.2M
+39.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,270,000
6.5%
$3,015,000
7%
$2,800,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,280,000
Current use
COMMERCIAL (GENERAL)
$4,625,000
Change: +103% · Conversion: Moderate
RETAIL STORES
$3,180,000
Change: +40% · Conversion: Difficult
RESTAURANT
$3,180,000
Change: +40% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,500,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,485,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$2.90M
Range $2.61M – $3.18M · ±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
$151 / 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
$34,344
Tax year 2023
Assessed value
$2,284,880
Assessed 2023
Previous assessed
$2,284,880
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$1,174,310
Assessed improvement
$1,110,570
Land market value
$1,174,310
Improvement market value
$1,110,570
Total market value
$2,284,880
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
2000
Heating
CENTRAL
Cooling
YES
Buildings
4
Stories
1
Total area
19,200 SF
Lot
5.14 ac (223,724 SF)
APN
12669-016-0240
UPID
US82-2311393
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$4.6M
RETAIL STORES
Est. value
$3.2M
RESTAURANT
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
2000
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
5.14 ac
Current owner
From public records · entity-resolved
Kelly Heights Apartments Ltd
Individual
Mailing address
PO BOX 830567, SAN ANTONIO, TX 78283-0567
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 1999
—
Kelly Heights Apartments Ltd
Alvarez,alfredo & Leonor
Grant Deed
related
—
—
—
Kelly Heights Apartments Ltd
—
Deed Of Trust
related
$50,000 · Laredo National Bank
—
—
Kelly Heights Apartments Ltd
—
Deed Of Trust
related
$43,000 · Laredo National Bank
—
—
Kelly Heights Apartments Ltd
—
Deed Of Trust
related
$152,942 · Laredo National Bank
—
—
Alfredo Alvarez
—
Deed Of Trust
related
$19,484 · Laredo National Bank
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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