Mission, TX Fourplex
For Sale
Contact for pricing
2007 Angus Street, Mission, TX 78572
Well-maintained fourplex in Mission, TX, fully leased.
Property Size4,424 SF
Price / SF$94.94
Days on Market700
Property Features for 2007 Angus Street
General Information
Standard status
Active
Size
4,424 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2000
Buildings
2
Units
4
Listing Agency:
TNT Real Estate
(956) 877-9101
Listed By:
Alondra Oyervides
Source:
Crexi
Added: Sep 28, 2024
Changed: Aug 28
Last Checked: Aug 28 at 10:32AM
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 TNT Real Estate
Investment Insights
Based on property information with market context.
This fourplex in Mission, TX, presents an investment opportunity. The property features four units, each with three bedrooms and two bathrooms. All units are currently leased, providing immediate income. The property is located on Glasscock Rd & Business 83, offering convenient access to shopping, dining, and public transportation. Water is included for the tenants. The property size is 4424 square feet.
Key Highlights
- Four fully leased units provide immediate cash flow.
- Each unit features a desirable 3‑bedroom, 2‑bath layout.
- Centrally located with easy access to shopping, dining, and public transportation.
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
$35,620
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
8.48%
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%
$712,400
$712.4K
Cap Rate 7%
$508,857
$508.9K
Cap Rate 9%
$395,778
$395.8K
Market Conditions
NOI Build-Up for 4,424 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
$73.3K $16.56/SF
− Vacancy
−$8.5K −$1.92/SF
EGI
$64.8K $14.64/SF
− OpEx
−$29.1K −$6.59/SF
NOI
$35.6K $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%
$712,400
Cap Rate 7%
$508,857
Cap Rate 9%
$395,778
Alternative Uses
Best Use
Multifamily LT 5
$552.7K
$483.6K – $644.8K
NOI $38,688 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$508.9K
$445.3K – $593.7K
NOI $35,620 @ 7.0% cap · market cap 8.48%
Theoretical Best
Hotel Hospitality
$3.33M
$2.92M – $3.89M
NOI $233,255 @ 7.0% cap · market cap 55.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex in Mission, TX, fully leased.
Where is this quadplex located?
The property is located at 2007 Angus Street Mission, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Four fully leased units provide immediate cash flow.; Each unit features a desirable 3‑bedroom, 2‑bath layout.; Centrally located with easy access to shopping, dining, and public transportation.
