Seven-Unit Apartment
For Sale
$645,000
1110 W Ashby Pl, San Antonio, TX 78201
Built in 1917, the property has five occupied units near San Antonio College.
Property Size3,802 SF
Price / SF$169.65
Days on Market14
Property Features for 1110 W Ashby Pl
General Information
Standard status
Active
Size
3,802 SF
Property subtype
Multi-Family
Net Operating Income
$60,000
Additional Details
Cap Rate
9.3%
Multifamily Units
7
Building Details
Year Built
1917
Listing Agency:
Keller Williams Boerne
(210) 818-9457
Listed By:
Timothy Warlow
Source:
Kingdomtxrealty
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 29 at 12:38PM
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 Boerne
Investment Insights
Based on property information with market context.
This 3,802-square-foot apartment property contains seven units, with five currently occupied. Constructed in 1917, the building offers an established multifamily configuration in San Antonio’s Alta Vista and Beacon Hill corridor.
The property is positioned near San Antonio College, The Pearl, and the St. Mary's Strip. Its address is 1110 W Ashby Pl, San Antonio, TX 78201, placing the asset within an urban setting surrounded by recognized education, dining, entertainment, and employment destinations.
The property is positioned near San Antonio College, The Pearl, and the St. Mary's Strip. Its address is 1110 W Ashby Pl, San Antonio, TX 78201, placing the asset within an urban setting surrounded by recognized education, dining, entertainment, and employment destinations.
Key Highlights
- Seven‑unit multifamily property with five occupied units
- 3,802 SF property constructed in 1917
- Located in the Alta Vista / Beacon Hill corridor
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
$38,837
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
6.02%
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%
$776,740
$776.7K
Cap Rate 7%
$554,814
$554.8K
Cap Rate 9%
$431,522
$431.5K
Market Conditions
NOI Build-Up for 3,802 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
$75.3K $19.80/SF
− Vacancy
−$4.7K −$1.23/SF
EGI
$70.6K $18.57/SF
− OpEx
−$31.8K −$8.36/SF
NOI
$38.8K $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%
$776,740
Cap Rate 7%
$554,814
Cap Rate 9%
$431,522
Alternative Uses
Best Use
Apartment 5plus
$554.8K
$485.5K – $647.3K
NOI $38,837 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$969.8K
$848.6K – $1.13M
NOI $67,888 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,158
Businesses Nearby
Explore this area
Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
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?
Apartment building - Built in 1917, the property has five occupied units near San Antonio College.
Where is this apartment building located?
The property is located at 1110 W Ashby Pl San Antonio, TX.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Seven‑unit multifamily property with five occupied units; 3,802 SF property constructed in 1917; Located in the Alta Vista / Beacon Hill corridor
