Building Details

Year Built 2000

Listing Agency: Century 21 Integra s***@c21thehills.com Show Phone

Listed By: Sherry Grimm · License #0501395 Show Phone

Source: Exitrealty

Added: Apr 17, 2025 Changed: Aug 29 Last Checked: Aug 29 at 10:32PM

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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 Century 21 Integra

Investment Insights

Based on property information with market context.

This quadplex contains 2880 square feet and was built in 2000. The property includes a concrete driveway and parking serving tenants, providing practical site improvements for a four-unit residential income asset.

Located at 1670 Terminal Loop Road in McQueeney, the property sits across from Lake McQueeney. Its established construction and on-site parking complement the fourplex configuration.

Key Highlights

• Four‑unit quadplex containing 2880 square feet
• Built in 2000
• Concrete driveway on 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

$29,557

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

8.57%

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%

$591,140 $591.1K

Cap Rate 7%

$422,243 $422.2K

Cap Rate 9%

$328,411 $328.4K

Market Conditions

NOI Build-Up for 2,880 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

$46.7K $16.20/SF

− Vacancy

−$4.4K −$1.54/SF

EGI

$42.2K $14.66/SF

− OpEx

−$12.7K −$4.40/SF

NOI

$29.6K $10.26/SF

Area

Guadalupe County, TX

Vacancy

9.50%

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%

$591,140

Cap Rate 7%

$422,243

Cap Rate 9%

$328,411

Alternative Uses

Best Use

Multifamily LT 5

$422.2K

$369.5K – $492.6K (±1% cap)

NOI $29,557 @ 7.0% cap · market cap 8.57%

Second Best

Apartment 5plus

$366.6K

$320.8K – $427.7K (±1% cap)

NOI $25,661 @ 7.0% cap · market cap 7.44%

Theoretical Best

Office A

$755.4K

$661.0K – $881.3K (±1% cap)

NOI $52,877 @ 7.0% cap · market cap 15.33%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Restaurant Spa & Massage Center Nail Salon Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

58

Businesses Nearby

Explore this area Business Placement

Demographics for 78123, TX

2,291

Population

1,225

Households

1.9

Avg Household Size

48

Median Age

23%

College-Educated

92%

High-School Grad

3.7 sq mi

ZIP Area

619

Density / Sq Mi

$95,700

Median Household Income

$41,325

Median Earnings

$238,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit property built in 2000 with concrete driveway and tenant parking across from Lake McQueeney.

Where is this quadplex located?

The property is located at 1670 Terminal Loop Road McQueeney, TX.

What is the asking price?

The asking price for this property is $345,000.

What are key features of this property?

This property features: Four‑unit quadplex containing 2880 square feet; Built in 2000; Concrete driveway on the property