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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Hotels
917 Interstate 35 San Marcos, TX 78666-7036
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US83-1705191
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2002
Total area
12,544 SF
Lot
0.86 ac (37,501 SF)
APN
R39122
UPID
US83-1705191
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
-
San Marcos High School High School
-
Best Western San Marcos Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$740k
Owner & transaction history
Tk Hospitality LLC · 3 yrs held
Tk Hospitality LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Marcos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Marcos 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
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$730,000
Current use
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$59 / 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
$41,720
Tax year 2023
Assessed value
$1,930,000
Assessed 2024
Previous assessed
$1,930,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$332,780
Assessed improvement
$1,597,220
Land market value
$332,780
Improvement market value
$1,597,220
Total market value
$1,930,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
WINDOW A/C
Stories
1
Total area
12,544 SF
Lot
0.86 ac (37,501 SF)
APN
R39122
UPID
US83-1705191
Jurisdiction
HAYS
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
HOTEL/MOTEL Current
Est. value
$730,000
HOTEL/MOTEL Current
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
2002
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Tk Hospitality LLC
Entity
Mailing address
917 N INTERSTATE 35, SAN MARCOS, TX 78666-7036
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
—
917 Abs Hospitality INC
—
Deed
related
$3,126,500 · Peoples Bank
Dec 19, 2022
—
Tk Hospitality LLC
Mahant Hospitality LLC
Venders Lien
$2,911,900 · Enterprise Bank & Trust
May 18, 2020
—
Mahant Hospitality LLC
—
Deed
related
$1,383,391 · First Lockhart Nat'l Bk
May 1, 2019
—
Mahant Hospitality LLC
Jay Veer Hospitality Corporation
Venders Lien
$2,500,000 · First Lockhart National Bank
Jun 30, 2006
—
Jay Veer Hospitality Corp
Cornerstone Hotel Group Ltd
Venders Lien
$2,000,000 · United Central Bank Of Dallas Count
—
—
Jay-veer Hospitality Corp
—
Deed Of Trust
related
$1,700,000 · Wells Fargo Bank
—
—
Mahant Hospitality LLC
—
Loan Modification
related
$1,383,391 · First Lockhart Nat'l Bk
—
—
Jay-veer Hospitality Corp
—
Deed Of Trust
related
$100,000 · United Central 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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