Multifamily Portfolio with Unfinished
New
For Sale
Contact for pricing
101 STANLEY CT, San Antonio, TX 78214
Three-building multifamily portfolio with MF-33 zoning, renovated improvements, and additional space available for completion and occupancy.
Property Size4,286 SF
Price / SF$174.99
Days on Market3
Property Features for 101 STANLEY CT
General Information
Standard status
Active
Size
4,286 SF
Property subtype
Multifamily
Zoning
MF-33
Investment Type
Value Add
Building Details
Buildings
3
Units
6
Tenancy
Multi
Listing Agency:
W.C. Miller Properties
Listed By:
Chris Parreira · License #769776
Source:
Crexi
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 10:30PM
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 W.C. Miller Properties
Investment Insights
Based on property information with market context.
This multifamily offering includes three buildings on three separate parcels, totaling approximately 4,286 SF across 0.345 acres. Two buildings have undergone recent rehabilitation, while the third is approximately 70% complete. The property also contains approximately 1200 SF of unfinished space that can support additional occupancy after completion. Three units are currently leased, and two more units are prepared for occupancy, providing an existing operating base with near-term lease-up capacity.
MF-33 zoning supports multifamily use. The property is located in San Antonio and is identified at 101, 103, and 107 Stanley Ct. Ownership currently pays tenant utilities. The pro forma 5.55% cap rate provides a supported financial metric for evaluating the partially completed improvements and current operating position.
MF-33 zoning supports multifamily use. The property is located in San Antonio and is identified at 101, 103, and 107 Stanley Ct. Ownership currently pays tenant utilities. The pro forma 5.55% cap rate provides a supported financial metric for evaluating the partially completed improvements and current operating position.
Key Highlights
- Three multifamily buildings on three separate parcels
- Approximately 4,286 SF on 0.345 acres
- MF‑33 zoning
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
$43,781
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
5.84%
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%
$875,620
$875.6K
Cap Rate 7%
$625,443
$625.4K
Cap Rate 9%
$486,456
$486.5K
Market Conditions
NOI Build-Up for 4,286 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
$84.9K $19.80/SF
− Vacancy
−$5.3K −$1.23/SF
EGI
$79.6K $18.57/SF
− OpEx
−$35.8K −$8.36/SF
NOI
$43.8K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /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%
$875,620
Cap Rate 7%
$625,443
Cap Rate 9%
$486,456
Alternative Uses
Best Use
Apartment 5plus
$625.4K
$547.3K – $729.7K
NOI $43,781 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$956.6K – $1.28M
NOI $76,530 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 78214, TX
22,664
Population
8,447
Households
2.7
Avg Household Size
37
Median Age
9%
College-Educated
69%
High-School Grad
8.3 sq mi
ZIP Area
2,731
Density / Sq Mi
$41,334
Median Household Income
$31,397
Median Earnings
$934
Median Rent
$121,600
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?
Multifamily property - Three-building multifamily portfolio with MF-33 zoning, renovated improvements, and additional space available for completion and occupancy.
Where is this multifamily property located?
The property is located at 101 STANLEY CT San Antonio, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three multifamily buildings on three separate parcels; Approximately 4,286 SF on 0.345 acres; MF‑33 zoning
