New-Construction Three-Bedroom
For Sale
$365,000
10322 N 33rd Ln, McAllen, TX 78504
Two residences feature private patios, covered parking, and stainless-steel kitchen appliances.
Property Size2,210 SF
Price / SF$165.16
Days on Market51
Property Features for 10322 N 33rd Ln
General Information
Standard status
Active
Size
2,210 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Texas Landmark Realty LLC
Listed By:
Irene Uribe Manrique de Lara · License #801067752
(956) 492-5638
Source:
Aregtx
Added: Aug 3
Changed: Sep 21
Last Checked: Sep 21 at 9:20AM
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 Texas Landmark Realty LLC
Investment Insights
Based on property information with market context.
This planned duplex is scheduled for completion in 2026 and contains 2,210 square feet. Each residence is designed with three bedrooms and two bathrooms, including one shower and one tub. Covered private patios with concrete slabs extend the living areas, while covered parking accommodates four vehicles. Kitchens are equipped with stainless-steel stoves, refrigerators, and microhoods.
The property is located off Sprague and 31st, with access through Brazos or Zurich. It is near McAllen Camp and Cross Park, south of University Drive. Planned community amenities described for the surrounding development include a park, playground, courts, jogging trails, BBQ pits, covered seating, and green areas.
The property is located off Sprague and 31st, with access through Brazos or Zurich. It is near McAllen Camp and Cross Park, south of University Drive. Planned community amenities described for the surrounding development include a park, playground, courts, jogging trails, BBQ pits, covered seating, and green areas.
Key Highlights
- 2,210‑square‑foot duplex scheduled for completion in 2026
- Each unit includes 3 bedrooms and 2 bathrooms
- Four covered parking spaces serve the property
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
$19,969
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
5.47%
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%
$399,380
$399.4K
Cap Rate 7%
$285,271
$285.3K
Cap Rate 9%
$221,878
$221.9K
Market Conditions
NOI Build-Up for 2,210 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
$30.5K $13.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$28.5K $12.91/SF
− OpEx
−$8.6K −$3.87/SF
NOI
$20.0K $9.04/SF
Area
McAllen, TX
Vacancy
6.46%
Lease Rate
$13.80 /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%
$399,380
Cap Rate 7%
$285,271
Cap Rate 9%
$221,878
Alternative Uses
Best Use
Multifamily LT 5
$285.3K
$249.6K – $332.8K
NOI $19,969 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$262.2K
$229.4K – $305.9K
NOI $18,352 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$600.1K
$525.1K – $700.1K
NOI $42,008 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
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?
Duplex - Two residences feature private patios, covered parking, and stainless-steel kitchen appliances.
Where is this duplex located?
The property is located at 10322 N 33rd Ln McAllen, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,210‑square‑foot duplex scheduled for completion in 2026; Each unit includes 3 bedrooms and 2 bathrooms; Four covered parking spaces serve the property
