Income-Generating Multifamily
For Sale
$2,300,000
10614 Deer Canyon Rd, Jonestown, TX 78645
Multi-unit rental property on a 17.5-acre tract with existing water, septic, and access infrastructure.
Property Size6,531 SF
Lot Size17.50 Acres
Price / SF$352.17
Days on Market73
Property Features for 10614 Deer Canyon Rd
General Information
Standard status
Active
Size
6,531 SF
Lot size
17.50 Acres
Property subtype
General Commercial
Additional Details
Utilities to Site
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$28,612
Amenities
3
18 Parking Spaces.
Lake, Panoramic
Building Details
Year Built
1950
Listing Agency:
Keller Williams Realty Lone St
(512) 868-1771
Listed By:
Megan Turnipseed · License #0588152
(512) 966-7481
Source:
Xome
Added: Jun 23
Changed: Sep 3
Last Checked: Jul 1 at 2:24AM
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 Keller Williams Realty Lone St
Investment Insights
Based on property information with market context.
The property consists of approximately 17.5 acres in Jonestown, featuring six well-maintained rental units currently generating gross rental income. Multiple infrastructure elements are already in place, including six water meters, three septic systems, and existing access roads, along with multiple potential build sites throughout the acreage.
The site is described as having significant elevation changes and panoramic Hill Country and Lake Travis views, with mature trees and established view corridors. The property is located within the ETJ and outside of the floodplain.
As presented, it offers an income-producing component alongside additional development options based on the existing infrastructure and on-site buildable areas.
The site is described as having significant elevation changes and panoramic Hill Country and Lake Travis views, with mature trees and established view corridors. The property is located within the ETJ and outside of the floodplain.
As presented, it offers an income-producing component alongside additional development options based on the existing infrastructure and on-site buildable areas.
Key Highlights
- Approximately 17.5‑acre tract in Jonestown with panoramic Hill Country and Lake Travis views
- Income‑producing property with six well‑maintained rental units generating approximately $9,400/month gross income
- Infrastructure in place: six water meters, three septic systems, and existing access roads
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
$100,115
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
4.35%
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%
$2,002,300
$2.0M
Cap Rate 7%
$1,430,214
$1.4M
Cap Rate 9%
$1,112,389
$1.1M
Market Conditions
NOI Build-Up for 6,531 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
$192.0K $29.40/SF
− Vacancy
−$10.0K −$1.53/SF
EGI
$182.0K $27.87/SF
− OpEx
−$81.9K −$12.54/SF
NOI
$100.1K $15.33/SF
Area
Travis County, TX
Vacancy
5.20%
Lease Rate
$29.40 /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%
$2,002,300
Cap Rate 7%
$1,430,214
Cap Rate 9%
$1,112,389
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,115 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,109 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 78645, TX
14,051
Population
7,525
Households
1.9
Avg Household Size
50
Median Age
45%
College-Educated
96%
High-School Grad
32.5 sq mi
ZIP Area
432
Density / Sq Mi
$108,393
Median Household Income
$59,128
Median Earnings
$1,455
Median Rent
$387,200
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?
Apartment building - Multi-unit rental property on a 17.5-acre tract with existing water, septic, and access infrastructure.
Where is this apartment building located?
The property is located at 10614 Deer Canyon Rd Jonestown, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Approximately 17.5‑acre tract in Jonestown with panoramic Hill Country and Lake Travis views; Income‑producing property with six well‑maintained rental units generating approximately $9,400/month gross income; Infrastructure in place: six water meters, three septic systems, and existing access roads
