14-Unit Apartment
New
For Sale
$825,000
306 Roberts Avenue, Donna, TX 78537
Established apartment complex with primarily two-bedroom, one-bath units, wall air conditioning, and paved on-site parking.
Property Size8,400 SF
Price / SF$98.21
Days on Market7
Property Features for 306 Roberts Avenue
General Information
Standard status
Active
Size
8,400 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Multifamily Units
14
Taxes and HOA fees
Annual Taxes
$15,662
Amenities
Wall Air Conditioning
3
12 Parking Spaces. Paved Driveway.
Other.
Building Details
Year Built
1990
Listing Agency:
Imperio Real Estate Llc
(956) 803-0341
Listed By:
Kumar Mahtani
(956) 206-6204
Source:
Xome
Added: Sep 2
Changed: Sep 8
Last Checked: Sep 8 at 2:31PM
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 Imperio Real Estate Llc
Investment Insights
Based on property information with market context.
This 14-unit apartment complex in Donna, Texas, contains primarily two-bedroom, one-bath residences within an 8,400-square-foot property. Wall air conditioning serves the units, while the site includes a paved driveway and 12 parking spaces. The building was constructed in 1990.
The property is situated near Business 83, schools, shopping, restaurants, and other local amenities. Its setting within an established residential area provides a defined neighborhood context for the apartment asset.
The property is situated near Business 83, schools, shopping, restaurants, and other local amenities. Its setting within an established residential area provides a defined neighborhood context for the apartment asset.
Key Highlights
- 14‑unit apartment complex
- Primarily 2‑bedroom, 1‑bath units
- 8,400 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
$67,632
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
8.20%
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%
$1,352,640
$1.4M
Cap Rate 7%
$966,171
$966.2K
Cap Rate 9%
$751,467
$751.5K
Market Conditions
NOI Build-Up for 8,400 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
$139.1K $16.56/SF
− Vacancy
−$16.1K −$1.92/SF
EGI
$123.0K $14.64/SF
− OpEx
−$55.3K −$6.59/SF
NOI
$67.6K $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%
$1,352,640
Cap Rate 7%
$966,171
Cap Rate 9%
$751,467
Alternative Uses
Best Use
Apartment 5plus
$966.2K
$845.4K – $1.13M
NOI $67,632 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$6.33M
$5.54M – $7.38M
NOI $442,890 @ 7.0% cap · market cap 53.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
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 - Established apartment complex with primarily two-bedroom, one-bath units, wall air conditioning, and paved on-site parking.
Where is this apartment building located?
The property is located at 306 Roberts Avenue Donna, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 14‑unit apartment complex; Primarily 2‑bedroom, 1‑bath units; 8,400 square feet
