Apartment Building with RV
For Sale
$953,000
13915 Interstate 35, Von Ormy, TX 78073
Six residential units are complemented by a recently added RV configured for office use.
Property Size4,547 SF
Price / SF$209.59
Days on Market21
Property Features for 13915 Interstate 35
General Information
Standard status
Active
Size
4,547 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Listing Agency:
Premier Realty Group Platinum
(210) 641-1400
Listed By:
Jason Jung
Source:
Shebaramos
Added: Aug 9
Changed: Aug 28
Last Checked: Aug 29 at 12:20PM
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 Premier Realty Group Platinum
Investment Insights
Based on property information with market context.
This apartment property includes 6 residential units along with an RV that was recently added for office use. The additional office component expands the property’s existing configuration beyond the residential living spaces.
The property is located at 13915 Interstate 35 in Von Ormy, Texas 78073. Its apartment-building classification and six-unit layout provide the primary physical profile, with the RV serving as a separate office improvement.
The property is located at 13915 Interstate 35 in Von Ormy, Texas 78073. Its apartment-building classification and six-unit layout provide the primary physical profile, with the RV serving as a separate office improvement.
Key Highlights
- 6 residential living units
- Recently added RV used as an office
- Located at 13915 Interstate 35, Von Ormy, TX 78073
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
$41,639
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
4.37%
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%
$832,780
$832.8K
Cap Rate 7%
$594,843
$594.8K
Cap Rate 9%
$462,656
$462.7K
Market Conditions
NOI Build-Up for 4,547 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
$81.8K $18.00/SF
− Vacancy
−$6.1K −$1.35/SF
EGI
$75.7K $16.65/SF
− OpEx
−$34.1K −$7.49/SF
NOI
$41.6K $9.16/SF
Area
Bexar County, TX
Vacancy
7.50%
Lease Rate
$18.00 /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%
$832,780
Cap Rate 7%
$594,843
Cap Rate 9%
$462,656
Alternative Uses
Best Use
Apartment 5plus
$594.8K
$520.5K – $694.0K
NOI $41,639 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,147 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 78073, TX
9,550
Population
3,020
Households
3.2
Avg Household Size
35
Median Age
12%
College-Educated
73%
High-School Grad
53.4 sq mi
ZIP Area
179
Density / Sq Mi
$65,342
Median Household Income
$34,802
Median Earnings
$1,031
Median Rent
$139,600
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 residential units are complemented by a recently added RV configured for office use.
Where is this apartment building located?
The property is located at 13915 Interstate 35 Von Ormy, TX.
What is the asking price?
The asking price for this property is $953,000.
What are key features of this property?
This property features: 6 residential living units; Recently added RV used as an office; Located at 13915 Interstate 35, Von Ormy, TX 78073
