Multifamily Property with
For Sale
$1,400,000
310 Eagles Nest DR, Wimberley, TX 78676
Wimberley, TX
Property Size4,493 SF
Price / SF$311.60
Days on Market89
Property Features for 310 Eagles Nest DR
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Elementary school
Blue Hole
Middle school
Danforth
High school
Wimberley
Standard status
Active
Size
4,493 SF
Amenities
solar panels
rainwater collection system
Building Details
Year built
2007
Listing Agency:
Engel & Volkers Alamo Heights · Engel & Völkers
(210) 845-1008
Listed By:
Jill Powell · License #0754678
(512) 294-1320
Added: Jun 12
Changed: Aug 20
Last Checked: Sep 8 at 9:06PM
MLS# 9268607
Copyright © 2026 Engel & Völkers. 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 multifamily compound in Wimberley includes a duplex, three standalone residences, and a substantial insulated workshop. The duplex contains two separately configured sides: one with one bedroom and two baths, and another with two bedrooms, an office, and two baths. The detached accommodations include a one-bedroom cottage, an open-concept studio with a full kitchen and bath, and a one-bedroom manufactured home with full kitchen and living space.
The property also features a 2,400-square-foot insulated workshop with high-power electric service, supporting storage, fabrication, commercial-grade equipment, or other uses described for the space. Owned solar panels serve the duplex, while a 20,000-gallon rainwater collection system supports the property. The site is designated as a Certified Wildlife Habitat and includes additional buildable land. Located at 310 Eagles Nest DR in Wimberley, the property offers multiple residential structures and supporting infrastructure within one compound.
The property also features a 2,400-square-foot insulated workshop with high-power electric service, supporting storage, fabrication, commercial-grade equipment, or other uses described for the space. Owned solar panels serve the duplex, while a 20,000-gallon rainwater collection system supports the property. The site is designated as a Certified Wildlife Habitat and includes additional buildable land. Located at 310 Eagles Nest DR in Wimberley, the property offers multiple residential structures and supporting infrastructure within one compound.
Key Highlights
- Duplex includes 1,436+/- SF and 1,915+/- SF sides
- Three standalone dwellings measure +/-383 SF, +/-759 SF, and +/-636 SF
- 2,400 SF insulated workshop with high‑power electric
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
$75,341
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
5.38%
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%
$1,506,820
$1.5M
Cap Rate 7%
$1,076,300
$1.1M
Cap Rate 9%
$837,122
$837.1K
Market Conditions
NOI Build-Up for 4,493 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
$113.2K $25.20/SF
− Vacancy
−$5.6K −$1.24/SF
EGI
$107.6K $23.96/SF
− OpEx
−$32.3K −$7.19/SF
NOI
$75.3K $16.77/SF
Area
Hays County, TX
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,506,820
Cap Rate 7%
$1,076,300
Cap Rate 9%
$837,122
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$941.8K – $1.26M
NOI $75,341 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$983.9K
$860.9K – $1.15M
NOI $68,874 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,473 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Heavy power
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 78676, TX
14,713
Population
7,487
Households
2
Avg Household Size
52
Median Age
50%
College-Educated
93%
High-School Grad
167.8 sq mi
ZIP Area
88
Density / Sq Mi
$86,819
Median Household Income
$44,745
Median Earnings
$1,432
Median Rent
$476,100
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?
Multifamily property - Multi-residence compound with a duplex, three detached dwellings, solar panels, rainwater collection, and additional buildable land.
Where is this multifamily property located?
The property is located at 310 Eagles Nest DR Wimberley, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Duplex includes 1,436+/- SF and 1,915+/- SF sides; Three standalone dwellings measure +/-383 SF, +/-759 SF, and +/-636 SF; 2,400 SF insulated workshop with high‑power electric
