6-Unit Apartment Building with
For Sale
$953,000
13915 interstate 35, Von Ormy, TX 78073
Multi-Family (2-8 Units), Von Ormy, TX
Property Size4,547 SF
Lot Size0.78 Acres
Price / SF$209.59
Days on Market144
Property Features for 13915 interstate 35
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
OCL
Elementary school
Medio Creek
Middle school
Mc Nair
High school
Southwest
Elementary school district
Southwest I.S.D.
Middle school district
Southwest I.S.D.
High school district
Southwest I.S.D.
Subdivision
2303
Standard status
Active
Size
4,547 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Annual Amount
4000
Listing Agency:
Premier Realty Group Platinum
(210) 641-1400
Listed By:
Jason Jung
(210) 996-1817
Added: Apr 15
Changed: Aug 19
Last Checked: Sep 5 at 5:06PM
MLS# 1859739
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment property contains 6 living units within a 4,547-square-foot improvement on 0.78 acres. A recently added RV serves as an office, providing an additional functional component alongside the residential spaces.
The property is located at 13915 Interstate 35 in Von Ormy, Texas, 78073, within Bexar County. It carries OCL zoning and is identified as an apartment building suitable for multifamily ownership and operation.
The property is located at 13915 Interstate 35 in Von Ormy, Texas, 78073, within Bexar County. It carries OCL zoning and is identified as an apartment building suitable for multifamily ownership and operation.
Key Highlights
- 6 living units
- 4,547‑square‑foot property
- 0.78‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,639
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$832,780
$832.8K
Cap Rate 7%
$594,843
$594.8K
Cap Rate 9%
$462,656
$462.7K
Market Conditions
NOI Build-Up for 4,547 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$81.8K $18.00/SF
− Vacancy
−$6.1K −$1.35/SF
EGI
$75.7K $16.65/SF
− OpEx
−$34.1K −$7.49/SF
NOI
$41.6K $9.16/SF
Area
Bexar County, TX
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$832,780
Cap Rate 7%
$594,843
Cap Rate 9%
$462,656
Alternative Uses
Best Use
Apartment 5plus
$594.8K
$520.5K – $694.0K
NOI $41,639 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,147 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 78073, TX
9,550
Population
3,020
Households
3.2
Avg Household Size
35
Median Age
12%
College-Educated
73%
High-School Grad
53.4 sq mi
ZIP Area
179
Density / Sq Mi
$65,342
Median Household Income
$34,802
Median Earnings
$1,031
Median Rent
$139,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with multiple living spaces and a recently added RV office.
Where is this apartment building located?
The property is located at 13915 interstate 35 Von Ormy, TX.
What is the asking price?
The asking price for this property is $953,000.
What are key features of this property?
This property features: 6 living units; 4,547‑square‑foot property; 0.78‑acre site
