8000 Midcrown Dr San Antonio, TX 78218-2311
Property profile & analytics
8000 Midcrown Dr San Antonio, TX 78218-2311
- Office properties & Spaces
- 5,168 SF
- 9.64 lot acres
Property ID
US82-2918137
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.
Location Intelligence
Current Use by Public Records
- Alamo Estates Apartments / Apartment Complex / Apartment Building
- Marlene's Nails / Nail Salon
- Admiral Apartments / Apartment Complex
Property Details for 8000 Midcrown Dr
- Year built
- 1974
- Lot size
- 9.64 lot acres
- Property size
- 5,168 SF
- Property type
- Office properties & Spaces
- APN
- 15894-000-0500
- APU
- 158940000500
Description
This exceptional value-add multifamily investment opportunity presents a rare chance to acquire Alamo Estates, a 208-unit apartment complex situated on a 9.64-acre lot in San Antonio, Texas. The property boasts 164,785 net rentable square feet across 37 buildings, each two stories high. Built in 1974 and renovated in 2020, the Class B property currently enjoys a 93.3% occupancy rate (as of June 3, 2024), generating a pro-forma NOI of $1,600,000. The average unit size is 792 square feet. This offering includes a loan assumption opportunity with a favorable 4.21% fixed interest rate, extending to October 2031, and an approximate $11 million balance. The property is zoned MF-33 and benefits from a prime location with excellent access to major highways (Loop 410, I-35, and I-10), placing it near significant employment centers including HEB Distribution Centers, Walmart, Home Depot, and Amazon Fresh Food DC. Recent capital improvements exceeding $1.8 million have enhanced the property's appeal, including exterior modernization and the addition of amenities such as a resort-style pool, fitness center, outdoor kitchen, dog park, and playscape. Current rents are approximately $200 below market rates, offering substantial upside potential through rent increases and value-add renovations, such as kitchen and bathroom upgrades, washer/dryer installations, technology enhancements, and the addition of package lockers. This property presents a compelling investment prospect with significant potential for strong returns.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $628,000
Market price range: $81.0k - $628k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $855,000
- AUTO REPAIR, GARAGE
- $535,000
- RETAIL STORES
- $440,000
- MEDICAL BUILDING
- $425,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.38
- Latitude
- 29.5075
- 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
$335,139
$1,424,410
$13,899,940
$15,324,350
-
$1,424,410
$13,899,940
$15,324,350
