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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Garden apartment buildings
8506 Wakefield Dr, San Antonio, TX 78216-5743
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-0517051
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1958
Total area
8,512 SF
Lot
4.27 ac (185,914 SF)
APN
12096-000-0030
UPID
US82-0517051
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
-
Flats on Wakefield Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$995k
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$1.00M
Owner & transaction history
Flats On Wakefield Sa LLC · 4 yrs held
Flats On Wakefield Sa LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$930,000
+92.5%
Medical building
$780,000
+61.5%
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
$995,000
CAP Approach
CAP Return
Estimation
6%
$1,450,000
6.5%
$1,340,000
7%
$1,240,000
Alternative Use
Use
Estimation
RESTAURANT
$930,000
Change: +92% · Conversion: Difficult
MEDICAL BUILDING
$780,000
Change: +62% · Conversion: Moderate
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$117 / 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
$242,781
Tax year 2023
Assessed value
$10,576,497
Assessed 2023
Previous assessed
$10,576,497
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$3,428,260
Assessed improvement
$7,148,237
Land market value
$3,428,260
Improvement market value
$7,148,237
Total market value
$10,576,497
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
1958
Heating
CENTRAL
Cooling
YES
Buildings
11
Stories
1
Total area
8,512 SF
Lot
4.27 ac (185,914 SF)
APN
12096-000-0030
UPID
US82-0517051
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
RESTAURANT
Est. value
$930,000
MEDICAL BUILDING
Est. value
$780,000
RESTAURANT
MEDICAL BUILDING
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
1958
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
11
Lot
4.27 ac
Current owner
From public records · entity-resolved
Flats On Wakefield Sa LLC
Entity
Mailing address
PO BOX 4697, LOGAN, UT 84323-4697
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Flats On Wakefield Sa LLC
Urbana Sa Property LLC
Special Warranty Deed
$15,630,000 · Midland States Bank
Mar 8, 2019
—
Urbana Sa Property LLC
Joco North Star LP
Grant Deed
$9,700,000 · Dougherty Mtg
Jun 25, 2014
—
Joco North Star LP
6808 Southpoint Village Land LP
Special Warranty Deed
$4,742,000 · Compass Bank
Feb 15, 2013
—
6808 South Point Village Land LP
6808 South Point Village LP
Venders Lien
—
May 14, 2007
—
6808 South Point Village Land LP
6808 South Point Village LP
Special Warranty Deed
$3,004,000 · Citibank NA
May 4, 2007
—
6808 South Point Village
Hong,henry
Grant Deed
—
Mar 21, 2005
—
Henry Hong
Gss Lone Star
Grant Deed
$2,135,000 · World Savings
—
—
Joco North Star LP
—
Loan Modification
related
$4,730,653 · Compass Bk
—
—
South Pt Village Land 6808
—
Deed Of Trust
related
$3,004,000 · Citibank NA
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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