Building Details

Year Built 2007

Listing Agency: BK Properties, LLC

Listed By: Alice Bruni · License #441329 Show Phone

Source: Theswinneygroup

Added: Aug 23 Changed: Oct 10 Last Checked: Oct 7 at 12:58PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BK Properties, LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 4,710-square-foot quadplex, built in 2007, is configured in a townhome-style layout with two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units. Each residence includes a refrigerator and stackable washer and dryer. One 2-bedroom unit has been completely updated, while a second has received substantial updates. The property is fully leased, with newer HVAC systems in two units, a roof installed in 2021, and exterior paint completed in 2025.

The property is located within Stone Creek Village, a gated community offering a pool and spa, green space with barbecue areas, a clubhouse, and a fitness center. On-site management handles tenant relations and maintenance. The location provides access to IH-10, San Antonio, and shopping at The Rim and La Cantera, with Boerne schools nearby.

Key Highlights

• Fully leased 4‑unit quadplex in a gated community
• Unit mix includes 2- 3‑bedroom/2 bath and 2- 2 bedroom/2 baths
• 4,710 SF property built in 2007

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,337

Cap Rate

6.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$966,740 $966.7K

Cap Rate 7%

$690,529 $690.5K

Cap Rate 9%

$537,078 $537.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,710 SF

Gross rent

$76.3K $16.20/SF

− Vacancy

−$7.2K −$1.54/SF

EGI

$69.1K $14.66/SF

− OpEx

−$20.7K −$4.40/SF

NOI

$48.3K $10.26/SF

Area

Kendall County, TX

Vacancy

9.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$966,740

Cap Rate 7%

$690,529

Cap Rate 9%

$537,078

Alternative Uses

Best Use

Multifamily LT 5

$690.5K

$604.2K – $805.6K (±1% cap)

NOI $48,337 @ 7.0% cap · market cap 6.91%

Second Best

Apartment 5plus

$599.5K

$524.6K – $699.4K (±1% cap)

NOI $41,966 @ 7.0% cap · market cap 6.00%

Theoretical Best

Office A

$1.24M

$1.08M – $1.44M (±1% cap)

NOI $86,476 @ 7.0% cap · market cap 12.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Barber Shop Electrical Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

303

Businesses Nearby

Explore this area Business Placement

Demographics for 78006, TX

40,979

Population

16,643

Households

2.5

Avg Household Size

44

Median Age

51%

College-Educated

94%

High-School Grad

345.9 sq mi

ZIP Area

118

Density / Sq Mi

$110,955

Median Household Income

$51,943

Median Earnings

$1,612

Median Rent

$502,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

ICF-Constructed Fitness/Event Building

106A Fm 1376, Boerne, TX 78006

$1,650,000

4,842 SF

View details

Jet-Capable Aviation Hangar

108 Boerne Stage Airfield, Boerne, TX 78006

$1,450,000

View details

Ranch Property with Sport Court

114 Hoskins Trail, Boerne, TX 78006

$1,399,000

4,174 SF

View details

Three-Tenant Strip Mall

34590 Interstate Hwy 10 W, Boerne, TX 78006

$3,538,000

View details

Aviation Hangar with Living Quarters

55-28120 Boerne Stage Rd, Boerne, TX 78006

$795,000

2,650 SF

View details

Airplane Hangar with Living Quarters

28120 BOERNE STAGE RD # 55, Boerne, TX 78006

$795,000

View details

Main Street Office Unit

1109 S Main Unit 202, Boerne, TX 78006

Contact for pricing

4,575 SF

View details

Duplex with Private Yards

101-103 Whisper Way, Boerne, TX 78006

$485,000

2,728 SF

View details

I-10-Fronted Retail Building with Anchors

34618 Interstate Hwy 10 W, Boerne, TX 78006

$3,771,000

View details

Anchored Three-Tenant Retail Building

34702 Interstate Hwy 10 W, Boerne, TX 78006

$3,760,000

View details

Flex Space with Gated Yard

8424 Indian Hills Ln, Boerne, TX 78006

Contact for pricing

4,700 SF

View details

Boerne Office Building For Sale

27511 Interstate 10, Building 6, Boerne, TX 78006

Contact for pricing

4,868 SF

View details

Frequently Asked Questions

What type of property is this?

Quadplex - Fully leased four-unit property with community amenities and on-site management.

Where is this quadplex located?

The property is located at 1000 Diamond Dr - Units 1301-1304 Boerne, TX.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Fully leased 4‑unit quadplex in a gated community; Unit mix includes 2- 3‑bedroom/2 bath and 2- 2 bedroom/2 baths; 4,710 SF property built in 2007