Six-Home Multifamily
For Sale
$560,000
237 Signal Street, Kempner, TX 76539
Tenant-occupied residences feature shared well service and roofs replaced within the past few years.
Property Size5,824 SF
Lot Size1.50 Acres
Price / SF$96.15
Days on Market50
Property Features for 237 Signal Street
General Information
Standard status
Active
Size
5,824 SF
Lot size
1.50 Acres
Property subtype
CommercialSale
Occupancy
100%
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Utilities to Site
Yes
Building Details
Buildings
6
Tenancy
Multi
Listing Agency:
Keller Williams Coastal Bend
(361) 695-1956
Listed By:
Jessica Rock · License #0687100
(361) 695-1956
Source:
Cornerstone-properties
Added: Jul 11
Changed: Aug 28
Last Checked: Aug 29 at 9:22AM
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 Keller Williams Coastal Bend
Investment Insights
Based on property information with market context.
This multifamily property includes six detached homes totaling 5,824 square feet on almost 1.5 acres. Each residence offers two bedrooms and one bathroom, creating a consistent configuration across the property. The homes are described as well maintained, and all roofs were replaced a couple of years ago. A shared well provides water service to the residences.
Located at 237 Signal Street in Kempner, Texas, the property is minutes from restaurants, shopping, and local amenities. All six homes are occupied by tenants under 12-month leases, providing an established rental arrangement across the residential units.
Located at 237 Signal Street in Kempner, Texas, the property is minutes from restaurants, shopping, and local amenities. All six homes are occupied by tenants under 12-month leases, providing an established rental arrangement across the residential units.
Key Highlights
- Six homes totaling 5,824 square feet on almost 1.5 acres
- Each home has 2 bedrooms and 1 bathroom
- All homes are tenant‑occupied under 12‑month leases
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
$46,572
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
8.32%
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%
$931,440
$931.4K
Cap Rate 7%
$665,314
$665.3K
Cap Rate 9%
$517,467
$517.5K
Market Conditions
NOI Build-Up for 5,824 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
$90.9K $15.60/SF
− Vacancy
−$6.2K −$1.06/SF
EGI
$84.7K $14.54/SF
− OpEx
−$38.1K −$6.54/SF
NOI
$46.6K $8.00/SF
Area
Lampasas County, TX
Vacancy
6.80%
Lease Rate
$15.60 /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%
$931,440
Cap Rate 7%
$665,314
Cap Rate 9%
$517,467
Alternative Uses
Best Use
Apartment 5plus
$665.3K
$582.2K – $776.2K
NOI $46,572 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,921 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 76539, TX
8,960
Population
3,718
Households
2.4
Avg Household Size
45
Median Age
23%
College-Educated
93%
High-School Grad
121.1 sq mi
ZIP Area
74
Density / Sq Mi
$95,899
Median Household Income
$42,538
Median Earnings
$1,354
Median Rent
$255,800
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?
Multifamily property - Tenant-occupied residences feature shared well service and roofs replaced within the past few years.
Where is this multifamily property located?
The property is located at 237 Signal Street Kempner, TX.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Six homes totaling 5,824 square feet on almost 1.5 acres; Each home has 2 bedrooms and 1 bathroom; All homes are tenant‑occupied under 12‑month leases
