16800 Lookout Rd, Selma, TX 78154

Building Details

Building Size 17,100 SF More

Year Built 2010 More

Listing Agency: Amanda Mercer, LLC Show Phone

Listed By: Amanda Mercer Show Phone

Source: Texasluxerealty

Added: Nov 10 Last Checked: Nov 10 at 11:33AM

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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 Amanda Mercer, LLC

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$152,361

Cap Rate

3.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,047,220 $3.0M

Cap Rate 7%

$2,176,586 $2.2M

Cap Rate 9%

$1,692,900 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,100 SF

Gross rent

$307.8K $18.00/SF

− Vacancy

−$30.8K −$1.80/SF

EGI

$277.0K $16.20/SF

− OpEx

−$124.7K −$7.29/SF

NOI

$152.4K $8.91/SF

Area

Guadalupe County, TX

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,047,220

Cap Rate 7%

$2,176,586

Cap Rate 9%

$1,692,900

Alternative Uses

Best Use

Apartment 5plus

$2.18M

$1.90M – $2.54M (±1% cap)

NOI $152,361 @ 7.0% cap · market cap 3.91%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.36M

$3.82M – $5.09M (±1% cap)

NOI $305,334 @ 7.0% cap · market cap 7.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Law Firm Electrical Service Furniture & Home Goods Barber Shop

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

Location Intelligence

Trade Area within ½ mile

334

Businesses Nearby

Explore this area Business Placement

Demographics for 78154, TX

41,533

Population

15,688

Households

2.6

Avg Household Size

38

Median Age

40%

College-Educated

94%

High-School Grad

32.9 sq mi

ZIP Area

1,262

Density / Sq Mi

$97,465

Median Household Income

$47,552

Median Earnings

$1,664

Median Rent

$296,400

Median Home Value

Market

Average Price Trend$/SF for Multifamily properties in Guadalupe County, TX

$310 Jul

$210 Aug

$194 Sep

$251 Oct

Properties on Market for Multifamily properties in Guadalupe County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Two-Building Manufacturing Property

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Frequently Asked Questions

Where is this multifamily property located?

The property is located at 16800 Lookout Rd Selma, TX.

What is the asking price?

The asking price for this property is $3,900,000.