Newly Built
For Sale
Contact for pricing
1032 Palm Drive, Alamo, TX 78516
Four units feature contemporary interiors, private fenced yards, in-unit laundry, and covered carports.
Property Size4,312 SF
Price / SF$115.72
Days on Market11
Property Features for 1032 Palm Drive
General Information
Standard status
Active
Size
4,312 SF
Total Parking Spaces
8
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Amenities
private fenced backyards
stainless steel appliances
in-unit washer and dryer
covered carports
Building Details
Year Built
2025
Buildings
2
Units
4
Listing Agency:
Alliance Real Estate Group
Listed By:
Daniela Perez
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 24 at 5:57PM
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 Alliance Real Estate Group
Investment Insights
Based on property information with market context.
Constructed in 2025, this 4,312-square-foot quadplex contains four three-bedroom, two-bath units. Each residence offers an open living arrangement, wood-look tile flooring, a modern kitchen with custom cabinetry, quartz countertops, and a large island. Primary suites include walk-in closets and frameless glass showers, while stainless steel appliances and in-unit washers and dryers add practical convenience. Every unit also has a private fenced backyard and covered carport parking.
The property is located in Alamo near Expressway 83, schools, shopping, and dining. Its four-unit configuration and consistent finishes provide a uniform layout across the building.
The property is located in Alamo near Expressway 83, schools, shopping, and dining. Its four-unit configuration and consistent finishes provide a uniform layout across the building.
Key Highlights
- Four‑unit quadplex completed in 2025
- 4,312 square feet with four 3‑bedroom, 2‑bath units
- Open layouts with wood‑look tile flooring and quartz kitchen countertops
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
$37,708
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
7.56%
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%
$754,160
$754.2K
Cap Rate 7%
$538,686
$538.7K
Cap Rate 9%
$418,978
$419.0K
Market Conditions
NOI Build-Up for 4,312 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
$60.5K $14.04/SF
− Vacancy
−$6.7K −$1.55/SF
EGI
$53.9K $12.49/SF
− OpEx
−$16.2K −$3.75/SF
NOI
$37.7K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /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%
$754,160
Cap Rate 7%
$538,686
Cap Rate 9%
$418,978
Alternative Uses
Best Use
Multifamily LT 5
$538.7K
$471.4K – $628.5K
NOI $37,708 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$496.0K
$434.0K – $578.6K
NOI $34,718 @ 7.0% cap · market cap 6.96%
Theoretical Best
Hotel Hospitality
$3.25M
$2.84M – $3.79M
NOI $227,350 @ 7.0% cap · market cap 45.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Explore this area
Business Placement
Demographics for 78516, TX
34,506
Population
12,469
Households
2.8
Avg Household Size
32
Median Age
12%
College-Educated
59%
High-School Grad
37.8 sq mi
ZIP Area
913
Density / Sq Mi
$51,547
Median Household Income
$26,908
Median Earnings
$743
Median Rent
$102,900
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?
Quadplex - Four units feature contemporary interiors, private fenced yards, in-unit laundry, and covered carports.
Where is this quadplex located?
The property is located at 1032 Palm Drive Alamo, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four‑unit quadplex completed in 2025; 4,312 square feet with four 3‑bedroom, 2‑bath units; Open layouts with wood‑look tile flooring and quartz kitchen countertops
