4-Unit Quadplex with
For Sale
$675,000
10822 Mathom Landing, Universal City, TX 78148
Four residences feature private fenced yards, upper-level bedrooms, and individual one-car garages.
Property Size5,684 SF
Price / SF$118.75
Days on Market594
Property Features for 10822 Mathom Landing
General Information
Standard status
Active
Size
5,684 SF
Property subtype
Multi-Family / Two Story
Net Operating Income
$43,006
Taxes and HOA fees
Annual Taxes
$13,772
Amenities
Carpeting, Vinyl
Composition
Slab
Pre-Owned
Conventional, FHA, VA, Cash
Cable TV Available
Building Details
Year Built
2007
Listing Agency:
Hendricks Property Management
Listed By:
Kyle Hendricks
(210) 602-5165
Source:
Compass
Added: Jan 18, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:32PM
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 Hendricks Property Management
Investment Insights
Based on property information with market context.
Built in 2007, this quadplex contains four residences, each with 3 bedrooms, 2.5 baths, a one-car garage, and a private fenced yard. The layouts place all bedrooms on the second level, while the main living areas include stained concrete and luxury vinyl plank flooring. Carpet and vinyl are also listed among the interior finishes.
The property uses a shared water meter, with tenants contributing toward water service. Conventional, FHA, VA, and cash financing are identified as accepted purchase options. Located in Universal City, the asset is positioned for an owner-occupant or an investor seeking a multi-unit residential property.
The property uses a shared water meter, with tenants contributing toward water service. Conventional, FHA, VA, and cash financing are identified as accepted purchase options. Located in Universal City, the asset is positioned for an owner-occupant or an investor seeking a multi-unit residential property.
Key Highlights
- Four units, each with 3 bedrooms and 2.5 baths
- Each residence includes a 1‑car garage and private fenced yard
- Second‑floor bedroom layouts provide separation from main living areas
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
$59,867
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
8.87%
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%
$1,197,340
$1.2M
Cap Rate 7%
$855,243
$855.2K
Cap Rate 9%
$665,189
$665.2K
Market Conditions
NOI Build-Up for 5,684 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
$92.1K $16.20/SF
− Vacancy
−$6.6K −$1.15/SF
EGI
$85.5K $15.05/SF
− OpEx
−$25.7K −$4.51/SF
NOI
$59.9K $10.53/SF
Area
Bexar County, TX
Vacancy
7.12%
Lease Rate
$16.20 /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%
$1,197,340
Cap Rate 7%
$855,243
Cap Rate 9%
$665,189
Alternative Uses
Best Use
Multifamily LT 5
$855.2K
$748.3K – $997.8K
NOI $59,867 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$743.6K
$650.6K – $867.5K
NOI $52,051 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$1.54M
$1.35M – $1.79M
NOI $107,688 @ 7.0% cap · market cap 15.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 78148, TX
21,569
Population
8,597
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
2,247
Density / Sq Mi
$75,395
Median Household Income
$40,850
Median Earnings
$1,252
Median Rent
$249,400
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 residences feature private fenced yards, upper-level bedrooms, and individual one-car garages.
Where is this quadplex located?
The property is located at 10822 Mathom Landing Universal City, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2.5 baths; Each residence includes a 1‑car garage and private fenced yard; Second‑floor bedroom layouts provide separation from main living areas
