New Construction
For Sale
$389,000
214 Pima Street, San Antonio, TX 78211
One-story duplex with two three-bedroom residences, separate utility meters, and modern interior finishes.
Property Size2,504 SF
Price / SF$155.35
Days on Market174
Property Features for 214 Pima Street
General Information
Standard status
Active
Size
2,504 SF
Property subtype
Multi-Family / One Story
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$960
Amenities
Ceramic Tile, Other
Heavy Composition
Slab
New
Conventional, FHA, VA, Cash, Investors OK
Level
Building Details
Year Built
2026
Buildings
1
Stories
1
Listing Agency:
Realty United
Listed By:
Peter DiBenedetto
(210) 544-4722
Source:
Compass
Added: Mar 14
Changed: Sep 2
Last Checked: Aug 30 at 10:28PM
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 Realty United
Investment Insights
Based on property information with market context.
Completed in 2026, this one-story duplex contains two residences totaling 2,504 square feet. Each unit measures 1,252 square feet and includes three bedrooms, two full bathrooms, porcelain tile flooring, custom cabinetry with soft-close hardware, stainless steel appliances, and high ceilings. The slab-built property has a level layout with no steps, supporting convenient access for occupants.
Separate electric and water meters serve each residence, simplifying utility allocation between the units. The property has no HOA fees and is located near Kelly Field and Palo Alto College, with access to nearby schools, employment centers, and major routes. The duplex configuration supports separate occupancy while maintaining distinct utility service for each side.
Separate electric and water meters serve each residence, simplifying utility allocation between the units. The property has no HOA fees and is located near Kelly Field and Palo Alto College, with access to nearby schools, employment centers, and major routes. The duplex configuration supports separate occupancy while maintaining distinct utility service for each side.
Key Highlights
- Two‑unit duplex with 2,504 square feet of total living space
- Each residence offers 1,252 square feet, 3 bedrooms, and 2 full bathrooms
- Completed in 2026 with new construction and slab foundation
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
$28,821
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
7.41%
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%
$576,420
$576.4K
Cap Rate 7%
$411,729
$411.7K
Cap Rate 9%
$320,233
$320.2K
Market Conditions
NOI Build-Up for 2,504 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
$43.6K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$41.2K $16.44/SF
− OpEx
−$12.4K −$4.93/SF
NOI
$28.8K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /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%
$576,420
Cap Rate 7%
$411,729
Cap Rate 9%
$320,233
Alternative Uses
Best Use
Multifamily LT 5
$411.7K
$360.3K – $480.4K
NOI $28,821 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$365.4K
$319.7K – $426.3K
NOI $25,578 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$638.7K
$558.9K – $745.2K
NOI $44,711 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Explore this area
Business Placement
Demographics for 78211, TX
29,976
Population
10,516
Households
2.9
Avg Household Size
35
Median Age
7%
College-Educated
63%
High-School Grad
10.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$54,279
Median Household Income
$30,109
Median Earnings
$1,047
Median Rent
$110,200
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?
Duplex - One-story duplex with two three-bedroom residences, separate utility meters, and modern interior finishes.
Where is this duplex located?
The property is located at 214 Pima Street San Antonio, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,504 square feet of total living space; Each residence offers 1,252 square feet, 3 bedrooms, and 2 full bathrooms; Completed in 2026 with new construction and slab foundation
