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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Garden apartment buildings
9205 Fm 78 Converse, TX 78109-2928
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4672142
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2007
Total area
15,822 SF
Lot
15.15 ac (659,760 SF)
APN
05053-093-0010
UPID
US82-4672142
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.40M
Owner & transaction history
Ashly Mayhon · 1 yrs held
Ashly Mayhon
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+148.2%
Commercial (general)
$1.8M
+120.7%
Medical building
$1.3M
+60.3%
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 Converse submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Converse 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,060,000
Change: +148% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,830,000
Change: +121% · Conversion: Moderate
MEDICAL BUILDING
$1,330,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,240,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$1,210,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,205,000
Change: +46% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$970,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$88 / 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
$718,095
Tax year 2023
Assessed value
$32,650,000
Assessed 2023
Previous assessed
$32,650,000
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$1,086,650
Assessed improvement
$31,563,350
Land market value
$1,086,650
Improvement market value
$31,563,350
Total market value
$32,650,000
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
2007
Heating
CENTRAL
Cooling
YES
Buildings
6
Stories
1
Total area
15,822 SF
Lot
15.15 ac (659,760 SF)
APN
05053-093-0010
UPID
US82-4672142
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
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$970,000
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
6
Lot
15.15 ac
Current owner
From public records · entity-resolved
Ashly Mayhon
Individual
Mailing address
14439 NW MILITARY HWY #108613, SHAVANO PARK, TX 78231-1646
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jun 18, 2025
—
Ashly Mayhon
Sharon R Tank
Deed
$40,000 · Sharon Tank
Nov 30, 2021
—
De 9205 Fm78 LLC
Ceai Waterford Park LLC
Deed
$25,810,000 · Inpoint Reit Operating Partnership
Mar 17, 2017
—
Ceai Waterford Park LLC
Sc Converse LLC
Trustees Deed
$13,162,500 · * Other Institutional Lenders
Nov 9, 2011
—
Sc Converse LLC
American Opportunity For Housing &
Special Warranty Deed
$13,162,500 · Keycorp Real Estate Capital Markets
—
—
Sc Converse LLC
—
Deed Of Trust
related
$1,200,000 · Keycorp R E Capital Marketing
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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