Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    603 Rhapsody Dr San Antonio, TX 78216-2608

    • Commercial real estate
    • 16,305 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4613007
    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

    • THE STAGING COMPANY / Interior Design / Home Decor Store
    • THE STAGING COMPANY formerly Traditions Interiors / Interior Design / Home Decor Store

    Property Details for 603 Rhapsody Dr

    Year built
    1969
    Lot size
    0.75 lot acres
    Property size
    16,305 SF
    Property type
    Commercial real estate
    APN
    14093-001-0040
    APU
    140930010040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $649,000
      Market price range: $649k - $1.78M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $925,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.499
    Latitude
    29.5508
    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
    $25,250
    $193,940
    $906,060
    $1,100,000
    -
    $193,940
    $906,060
    $1,100,000

    Comparable in this City

    • Value Estimation by Request
      9.86 Acres

      8223 Mccullough Ave

      COMMERCIAL (GENERAL) • 9.86 Acres
      8223 Mccullough Ave, San Antonio, TX 78216-6404
      View Details
    • Value Estimation by Request
      7.59 Acres

      1396 Northern Blvd

      COMMERCIAL (GENERAL) • 7.59 Acres
      1396 Northern Blvd, San Antonio, TX 78216
      View Details
    • Value Estimation by Request
      22.44 Acres

      285 Oblate Dr

      COMMERCIAL (GENERAL) • 22.44 Acres
      285 Oblate Dr, San Antonio, TX 78216-6631
      View Details
    • Value Estimation by Request
      5.71 Acres

      11839 Parliament St

      COMMERCIAL (GENERAL) • 5.71 Acres
      11839 Parliament St, San Antonio, TX 78216-2500
      View Details
    • Value Estimation by Request
      240.39 Acres

      1100 Bitters Rd

      COMMERCIAL (GENERAL) • 240.39 Acres
      1100 Bitters Rd, San Antonio, TX 78216-7809
      View Details
    • Value Estimation by Request
      0.86 Acres

      1100 Bitters Rd

      COMMERCIAL (GENERAL) • 0.86 Acres
      1100 Bitters Rd, San Antonio, TX 78216-7809
      View Details

    Similar Nearby for Sale

    • $395,000
      0.61 Acres

      Prime San Antonio Commercial Land

      0.61 Acres, Zoned CD, $395,000
      159 El Mio Dr, San Antonio, TX 78216
      View Details
    • Contact for pricing
      8,250 SF

      Isom Road Medical Office Building

      8,250 SF Medical Office for Sale in San Antonio, TX
      622 Isom Rd, San Antonio, TX 78216
      View Details
    • $279,500
      1,968 SF

      Well-Maintained Duplex Investment Property

      Duplex in Ridgeview area, near US-281/IH-37 & Loop 410.
      358 Waxwood Ln, San Antonio, TX 78216
      View Details
    • $160,000
      1,048 SF

      San Antonio Condo with Gated Pool

      Centrally located condo with gated pool, convenient to highways.
      105 Silver Sands Dr, San Antonio, TX 78216
      View Details
    • $1,703,000

      Retail Property for Sale

      Retail property available for purchase in San Antonio, Texas.
      226 W Rector St, San Antonio, TX 78216
      View Details
    • Contact for pricing

      Corner Lot Flex Building

      Corner lot building with office/retail and warehouse space.
      12153 Valliant 1-3, San Antonio, TX 78216
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      San Antonio Retail Land Opportunity

      Prime Retail Pads, Multiple Spaces Available
      11900 Blanco Rd, San Antonio, TX 78216
      View Details
    • $18 SF/Yr
      1,300 SF

      Prime Parliament Office Space

      1300 sq ft Executive Office Suite
      11810 Parliament St, San Antonio, TX 78216
      View Details
    • $23 SF/Yr
      86,500 SF

      Heritage Blvd Office Space For Lease

      ±15,268 SF Office, San Antonio, TX
      10500 Heritage Blvd, San Antonio, TX 78216
      View Details
    • Contact for pricing
      8,250 SF

      San Antonio Medical Office Building

      8,250 SF Single-Tenant Medical Office
      622 Isom Rd, San Antonio, TX 78216
      View Details
    • $15 SF/Yr
      6,148 SF

      Office/Warehouse Inside Loop 410

      Office and warehouse space with fenced yard near San Pedro.
      130 Ave Del Rey, San Antonio, TX 78216
      View Details
    • Contact for pricing
      2,290 SF

      Office Space Near Park North

      Office space for lease near Park North Shopping Center.
      615 Loop 410 NW, San Antonio, TX 78216
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    603 Rhapsody Dr
    San Antonio, TX 78216-2608
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.