New 6-Unit Apartment
For Sale
Contact for pricing
1321 Valle Vista Street, Alamo, TX 78516
Six recently built residences offer contemporary finishes, private fenced yards, and in-unit laundry.
Property Size5,508 SF
Price / SF$118.01
Days on Market13
Property Features for 1321 Valle Vista Street
General Information
Standard status
Active
Size
5,508 SF
Total Parking Spaces
12
Property subtype
Multifamily
Units
Unit Mix
3 x 2BR/2BA, 3 x 3BR/2BA
Multifamily Units
6
Building Details
Year Built
2024
Buildings
3
Units
6
Listing Agency:
Imperio Real Estate LLC
(956) 803-0341
Listed By:
Bryanna Hernandez · License #TREC # 0755547
Source:
Crexi
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 9 at 9:54AM
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 Imperio Real Estate LLC
Investment Insights
Based on property information with market context.
Completed in 2024, this six-unit apartment property includes three two-bedroom, two-bath residences and three three-bedroom, two-bath residences within 5,508 square feet. The units feature open-concept interiors with wood-look tile flooring, contemporary kitchens, quartz countertops, stainless steel refrigerators, stoves, and microwaves, plus generous walk-in closets. Each residence also includes a washer and dryer and a private fenced backyard.
The property is positioned at the corner of FM 495 and Alamo Road in Alamo, Texas, with schools, shopping, and dining nearby. The expressway is also only minutes away, providing access to the surrounding area.
The property is positioned at the corner of FM 495 and Alamo Road in Alamo, Texas, with schools, shopping, and dining nearby. The expressway is also only minutes away, providing access to the surrounding area.
Key Highlights
- Six‑unit apartment property completed in 2024
- Three 2‑bedroom, 2‑bath units and three 3‑bedroom, 2‑bath units
- 5,508 square feet of total property size
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
$44,348
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
6.82%
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%
$886,960
$887.0K
Cap Rate 7%
$633,543
$633.5K
Cap Rate 9%
$492,756
$492.8K
Market Conditions
NOI Build-Up for 5,508 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
$91.2K $16.56/SF
− Vacancy
−$10.6K −$1.92/SF
EGI
$80.6K $14.64/SF
− OpEx
−$36.3K −$6.59/SF
NOI
$44.3K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /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%
$886,960
Cap Rate 7%
$633,543
Cap Rate 9%
$492,756
Alternative Uses
Best Use
Apartment 5plus
$633.5K
$554.4K – $739.1K
NOI $44,348 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.15M
$3.63M – $4.84M
NOI $290,409 @ 7.0% cap · market cap 44.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
162
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?
Apartment building - Six recently built residences offer contemporary finishes, private fenced yards, and in-unit laundry.
Where is this apartment building located?
The property is located at 1321 Valle Vista Street Alamo, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Six‑unit apartment property completed in 2024; Three 2‑bedroom, 2‑bath units and three 3‑bedroom, 2‑bath units; 5,508 square feet of total property size
