21-Unit Apartment
For Sale
Contact for pricing
212 N 5th St, Donna, TX 78539
Fully leased multifamily asset with one- and two-bedroom floor plans and corresponding one- and two-bath layouts.
Property Size12,016 SF
Price / SF$124.83
Days on Market138
Property Features for 212 N 5th St
General Information
Standard status
Active
Size
12,016 SF
Property subtype
Multifamily
Zoning
DONNA ORIGINAL TOWNSITE
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$121,000
Units
Unit Mix
19 x 1BR/1BA, 2 x 2BR/2BA
Multifamily Units
21
Building Details
Year Built
2019
Buildings
3
Stories
1
Units
21
Tenancy
Multi
Listing Agency:
eVillage Realty, LLC
Listed By:
Ryan McDaniel · License #TX
(956) 299-2111
Source:
Crexi
Added: Apr 19
Changed: Aug 30
Last Checked: Aug 31 at 6:55AM
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 eVillage Realty, LLC
Investment Insights
Based on property information with market context.
Located at 212 N 5th Street in Donna, Texas, this 21-unit apartment property was completed in 2019 and contains 12,016 square feet. The unit mix includes 19 one-bedroom, one-bath apartments and two two-bedroom, two-bath apartments.
All units are leased, and the property is producing a cap rate of 9%+. The combination of recent construction, defined unit mix, and current leasing status provides a clear overview of the asset’s existing configuration.
All units are leased, and the property is producing a cap rate of 9%+. The combination of recent construction, defined unit mix, and current leasing status provides a clear overview of the asset’s existing configuration.
Key Highlights
- 21 total apartment units
- 19 one‑bedroom, one‑bath units and 2 two‑bedroom, two‑bath units
- 12,016 square feet
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
$96,746
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
6.45%
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%
$1,934,920
$1.9M
Cap Rate 7%
$1,382,086
$1.4M
Cap Rate 9%
$1,074,956
$1.1M
Market Conditions
NOI Build-Up for 12,016 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
$199.0K $16.56/SF
− Vacancy
−$23.1K −$1.92/SF
EGI
$175.9K $14.64/SF
− OpEx
−$79.2K −$6.59/SF
NOI
$96.7K $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%
$1,934,920
Cap Rate 7%
$1,382,086
Cap Rate 9%
$1,074,956
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,746 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$9.05M
$7.92M – $10.56M
NOI $633,544 @ 7.0% cap · market cap 42.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
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 - Fully leased multifamily asset with one- and two-bedroom floor plans and corresponding one- and two-bath layouts.
Where is this apartment building located?
The property is located at 212 N 5th St Donna, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 21 total apartment units; 19 one‑bedroom, one‑bath units and 2 two‑bedroom, two‑bath units; 12,016 square feet
