Separately Metered
For Sale
$295,000
208 Camino Real, San Juan, TX 78589
Individual utility meters serve each residence, supporting separate utility management across the three-unit property.
Property Size2,319 SF
Price / SF$127.21
Days on Market14
Property Features for 208 Camino Real
General Information
Standard status
Active
Size
2,319 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,719
Listing Agency:
Dominion Real Estate
(956) 627-3589
Listed By:
Elizabeth Mendez
(956) 432-5445
Source:
Exprealty
Added: Sep 20
Changed: Sep 30
Last Checked: Oct 3 at 1:07AM
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 Dominion Real Estate
Investment Insights
Based on property information with market context.
The San Juan property contains three residential units within 2,319 square feet. Each unit has an independent utility meter, allowing usage to be tracked separately.
At 208 Camino Real, the triplex is a short drive from the San Juan Basilica, retail and grocery options, and parks. Expressway access is also nearby.
At 208 Camino Real, the triplex is a short drive from the San Juan Basilica, retail and grocery options, and parks. Expressway access is also nearby.
Key Highlights
- Three‑unit property totaling 2,319 square feet
- Separate utility meters for each unit
- Near the San Juan Basilica, shopping, grocery stores, and parks
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
$20,280
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
6.87%
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%
$405,600
$405.6K
Cap Rate 7%
$289,714
$289.7K
Cap Rate 9%
$225,333
$225.3K
Market Conditions
NOI Build-Up for 2,319 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
$32.6K $14.04/SF
− Vacancy
−$3.6K −$1.55/SF
EGI
$29.0K $12.49/SF
− OpEx
−$8.7K −$3.75/SF
NOI
$20.3K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /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%
$405,600
Cap Rate 7%
$289,714
Cap Rate 9%
$225,333
Alternative Uses
Best Use
Multifamily LT 5
$289.7K
$253.5K – $338.0K
NOI $20,280 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$266.7K
$233.4K – $311.2K
NOI $18,671 @ 7.0% cap · market cap 6.33%
Theoretical Best
Hotel Hospitality
$1.75M
$1.53M – $2.04M
NOI $122,269 @ 7.0% cap · market cap 41.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Individual utility meters serve each residence, supporting separate utility management across the three-unit property.
Where is this triplex located?
The property is located at 208 Camino Real San Juan, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three‑unit property totaling 2,319 square feet; Separate utility meters for each unit; Near the San Juan Basilica, shopping, grocery stores, and parks
